Hydro Carbon Market to be driven by the versatility and application flexibility of alumina trihydrate in the forecast period of 2021-2027
Market Overview: Aliphatic hydrocarbon is an organic compound and is produced from crude oil by distillation process. They are primarily used as fuels due to their high flammability. These type of hydrocarbons find their applications in day to day products such as perfumes, artificial flavors, room fresheners, and others. The increasing demand for aliphatic hydrocarbon as a thinner and solvent in paints and coatings industry is driving growth of the market. Additionally, the increasing physical and social infrastructural development, along with the growing population is anticipated to fuel the demand for the paints and coatings which will consequently propel the market growth. The product finds its usage in the process of oil extraction and manufacturing of rubber and aerosols. Furthermore, the increased applications of aliphatic hydrocarbons such as refrigerants, dry cleaning, lubricants, and chemical intermediates are the major drivers of the global market. The demand for aliph