Global Hydrocarbon Solvents
Market is segmented on the basis of source as Bio-Green Based Source,
Conventional Source and others. The substances that are obtained from petroleum
feed stocks are known as hydrocarbon solvents. As far as their formation is
concerned, they are generated in the form of volatile portions in a crude oil
factory. There are a wide variety of hydrocarbon solvents and they mainly
differ on the basis of their distinct hydrocarbon groups as well as carbon
chain length divisions. Their groups can be classified as branched, linear, or
cyclic alkanes and aromatics.
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In simple words, they can be
defined as an organic solvent that incorporates the atoms of hydrogen and
carbon. The produced hydrocarbon solvents generally comprises aromatic,
paraffinic, and natphthenic components in varied sections. A wide variety of
petroleum derivatives such as Xylene, Benzene, and Kerosene play a very vital
role as an industrial solvent for carrying out the process of cleaning the
water-insoluble substances like oils and greases. But their usage has been
limited due to their strong noxious and long lasting nature that may have
adverse effects on the surroundings.
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| Hydrocarbon Solvents Market By Million Insights |
The key factors that are
responsible for raising the share of the Hydrocarbon Solvents Market include
rising environmental concerns towards greener alternatives, increased awareness
among the masses, robust growth in population, augmenting demand from various
sectors especially construction and automotive industries, mounting
applications, change in the lifestyle, rise in the standard of living, and rise
in the disposable income of the population. Other factors that are also
contributing in the market growth include augmented infrastructural expenditure
in developing nations, mounting environmental concerns along with rising
legislations and amplified demand for paints & coatings.
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