Blogforpr

  Overview The global hydrocarbon solvents market, during the forecast period 2016-2023, will register growth at a CAGR of 2.85%. The market for hydrocarbon solvents is set to reach US$6.18 billion by 2023. As per market analysts, the global market is anticipated to witness growth owing to the factors such as robust need for paints & coatings as well as rising demand for rubbers & polymers in end-user industries. However, the market will face challenges and restraints due to mounting infiltration of water base over solvent base and harsh chemicals leading to considerable environmental damage during the forecast period 2016-2023. Rising demand for rubbers & polymers in end-user industries in the market is set to play a key role in determining the growth potential during 2016-2023years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the hydrocarbon solvents market is poised to grow at a fast