MARKET DEFINITION

Aliphatic solvents, which are a category of aliphatic compounds, do not possess the benzene ring in their chemical structure. These are usually made up of a combination of saturated, long straight chain, branched chain, or cyclic paraffin. These solvents are manufactured by distilling crude oil at a pre-determined boiling point fraction range and later treated to improve odor and color. They are also known as aliphatic hydrocarbon solvents or non-aromatic compounds. They are utilized by a vast population every day across the world. The solvents are used in metalwork, paints, adhesives or sealants, and aerosols among others. The benefits of these solvents in degreasing and cleaning, and anti-corrosion properties are enhancing their demand globally.

MARKET DYNAMICS

The rising demand for sustainable building materials is one of the major factors augmenting the market growth. Additionally, the demand for anti-bacterial and anti-viral paints was catalyzed by the COVID-19 pandemic and is further enhancing the demand for aliphatic solvents in the construction industry. The key players in this market are investing heavily in the research and development of sustainable and technologically advanced products to improve product adoption. Furthermore, the demand for dry shampoos, perfumes, and other haircare products is also fueling the demand for aliphatic solvents. However, rising awareness regarding the non-sustainability of printing inks hinders market growth.

REPORT SCOPE

The report titled “Global Aliphatic Solvents Market – Size, Share, Growth, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global Aliphatic Solvents market along with the market size (Value in “US$ Mn”) for the historical period 2017 to 2021 and estimates for the forecast period 2022 to 2028. The RI report is an in-depth study of the global aliphatic solvents market with a strong focus on key market trends, vital player strategies, and market forecasts. The study also covers key market dynamics, including drivers, restraints, opportunities, challenges, and existing and upcoming pathways that help CXOs make critical business decisions effectively. The global Aliphatic Solvents Market is predicted to grow at a significant CAGR over the forecast period from 2022 to 2028.

GEOGRAPHICAL OVERVIEW

The research report includes a detailed overview of the industry comprising quantitative and qualitative information. It gives a broad overview of the worldwide market forecasts for major segments. It also includes market size and forecast projections for five key regions: North America, Europe, Asia-Pacific (APAC), South America, and the Middle East & Africa (MEA), for the years 2017 to 2028. The market is further divided by categories and countries within each province. The research scrutinizes and forecasts over 20 nations worldwide, as well as the present trend and possibilities in these regions.

MARKET SEGMENTATION

The Global Aliphatic Solvents Market is segmented based on type, application, and region. Based on type, the market has been segmented into Heptane, Hexane, Mineral Spirit, Naphthol Spirits, Varnish makers and painters, and Others. Whereas, the application segmentation includes Adhesives, Paints & Coatings, Aerosols, Rubber & Polymer, Degreasing & Cleaning, Printing Inks, and Others.

COMPETITION LANDSCAPE

The RI research report discusses noteworthy developments in the industry as well as organic and inorganic growth strategies being adopted by the aliphatic solvents market players. The report covers industry activities, including new product launches, mergers & acquisitions, business partnerships, and various expansion initiatives being undertaken by the active players in the market. These developments pave the path for various market participants to strengthen their positioning as well as expand their consumer base. The positive market outlook for the global aliphatic solvents market is anticipated to present lucrative growth opportunities to the market players. The report also offers detailed profiles of major players in the global Aliphatic Solvents market, emphasizing the strategic initiatives, financial information, SWOT analysis, and key development in the aliphatic solvents industry in the past three years.

Key players in the Global Aliphatic Solvents Market have adopted various organic as well as inorganic growth strategies to strengthen their market positioning. Prominent players in the market include:

• Ganga Rasayanie Private Limited
• RB PRODUCTS, INC.
• Exxon Mobil Corp.
• TotalEnergies
• Royal Dutch Shell Plc.
• Pon Pure Chemicals Group
• Carolina International Sales Company Inc.
• Gadiv Petrochemical Industries Ltd.
• HCS Group GmbH – life science company
• Recochem Inc.
• Gulf Chemical and Industrial Oils
• Calumet Specialty Products Partners L.P
• Gotham Industries
• SK Global Chemical Co. Ltd.
• Hunt Refining Company
• NOCO Energy Corporation

COVID-19 IMPACT ANALYSIS ON GLOBAL ALIPHATIC SOLVENTS MARKET

The COVID-19 pandemic is still a very personal, individual experience that is also a once-in-a-lifetime worldwide phenomenon with far-reaching consequences. The epidemic has wreaked havoc on people's lives in all nations and communities and also had a negative impact on global economic development in 2020, unlike anything seen in almost a century. The pandemic severely impacted key economies such as India, Brazil, the U.S., France, Russia, the UK, Italy, Turkey, and Argentina. According to estimates, the virus slowed global economic growth by -3.4 percent to -7.6 percent in 2020, with a rebound of 4.2 percent to 5.6 percent expected in 2021. In 2020, global commerce was expected to decline by 5.3 percent, but it is expected to rise by 8.0 percent in 2021.

In contrast to the global economic downturn in the first half of 2020, the economy began to showcase symptoms of a two-track recovery post the second quarter of 2020, with a fledgling rebound in developed nations, however, slower growth in emerging economies. The outbreak of the Covid-19 pandemic has not only resulted in halted production activity but has also disrupted the global supply chain. The research goes on to evaluate the current and future implications of the COVID-19 pandemic both on the target as well as the broader market, thereby, providing accurate and trustworthy forecasts.

RESEARCH PROGRAM DESIGN

KEY QUESTIONS ANSWERED

1. What is the current size of the global Aliphatic Solvents market?
2. What will be the growth rate of the market over the forecast period?
3. Who are the key manufacturers/vendors in the Aliphatic Solvents market space?
4. What are the major market opportunities and market risks faced by the market?
5. What is the impact of COVID-19 on the market?
6. What are the revenue, sales, and price analysis of the top manufacturers in this market?
7. What are the key outcomes of Porter's five forces model?
8. Who are the distributors, traders, and vendors in the industry?

REASONS FOR BUYING THIS REPORT:

• The report offers comprehensive data on the Aliphatic Solvents market elaborating on the current state and future growth prospects both globally and regionally
• It offers a six-year market forecast trend evaluating the impact of drivers and restraints and supporting factors for growth
• The report offers deep-dive insights into each market segment and critical factors responsible for its growth
• The report presents precise picture of the dynamic competitive landscape which helps our client advance their market position
• The comprehensive analysis of the market along with the inclusion of analyst recommendations ensures that our clients make informed business decisions
• Cross-segment country-level analysis included in the report which provides granular analysis of more than 20+ countries covered in the report scope
• The study includes detailed profiles of major manufacturers to help our readers gain holistic overview of the market competitors and consequently align their business strategies

Chapter 1. Executive Summary
1.1. Market Outlook
1.2. Market Segment Outlook
1.3. Geography Outlook
1.4. Absolute $ Opportunity
 
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Scope, Definition, and Assumptions
2.3. Data Sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary Data Mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
 
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key Trends
3.2.1. Type Trends
3.2.2. Application Trends
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.1.1. Impact Analysis of Market Drivers
3.3.2. Market Restraints
3.3.2.1. Impact Analysis of Market Restraints
3.3.3. Market Opportunities
3.3.3.1. Impact Analysis of Market Opportunities
3.3.4. Market Challenges
3.3.4.1. Impact Analysis of Market Challenges
3.4. Porter’s Five Forces’ Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of New Entrant
3.4.4. Threat of Substitutes
3.4.5. Competitive Rivalry
3.5. Value Chain Analysis: Global Aliphatic Solvents Market
3.6. COVID-19 Impact Assessment in Aliphatic Solvents Market
3.6.1. Impact Assessment on Global Aliphatic Solvents Market
3.6.2. Market Trends and Opportunities in the Covid-19 Landscape
 
Chapter 4. Global Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
4.1. Global Aliphatic Solvents Market Share, By Type, 2017 - 2028 (USD Million)
4.1.1. Heptane
4.1.2. Hexane
4.1.3. Mineral Spirit
4.1.4. Naphthol Spirits
4.1.5. Varnish makers and painters
4.1.6. Others
 
Chapter 5. Global Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
5.1. Global Aliphatic Solvents Market Share, By Application, 2017 - 2028 (USD Million)
5.1.1. Adhesives
5.1.2. Paints & Coatings
5.1.3. Aerosols
5.1.4. Rubber & Polymer
5.1.5. Degreasing & Cleaning
5.1.6. Printing Inks
5.1.7. Others
 
Chapter 6. Global Aliphatic Solvents Market Overview, By Geography, 2017 - 2028 (USD Million)
6.1. Global Aliphatic Solvents Market Share, By Geography, 2017 - 2028 (USD Million)
6.1.1. Market Deployment and Projections, by Countries, 2017 - 2028 (USD Million)
6.1.2. Market Share and CAGR Comparison, by Countries, 2021 (%)
 
Chapter 7. North America Aliphatic Solvents Market Overview, By Countries, 2017 - 2028 (USD Million)
7.1. North America Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
7.1.1. Market Deployment and projections, 2017 - 2028 (USD Million)
7.1.2. North America Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
7.1.3. North America Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
7.2. North America Aliphatic Solvents Market Overview, By Countries, 2017 - 2028 (USD Million)
7.2.1. U.S. Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
7.2.1.1. U.S. Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
7.2.1.2. U.S. Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
7.2.2. Canada Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
7.2.2.1. Canada Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
7.2.2.2. Canada Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
7.2.3. Mexico Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
7.2.3.1. Mexico Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
7.2.3.2. Mexico Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
 
Chapter 8. Europe Aliphatic Solvents Market Overview, By Countries, 2017 - 2028 (USD Million)
8.1. Europe Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
8.1.1. Market Deployment and projections, 2017 - 2028 (USD Million)
8.1.2. Europe Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
8.1.3. Europe Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
8.2. Europe Aliphatic Solvents Market Overview, By Countries, 2017 - 2028 (USD Million)
8.2.1. Germany Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
8.2.1.1. Germany Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.1.2. Germany Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
8.2.2. France Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
8.2.2.1. France Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.2.2. France Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
8.2.3. UK Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
8.2.3.1. UK Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.3.2. UK Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
8.2.4. Italy Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
8.2.4.1. Italy Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.4.2. Italy Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
8.2.5. Spain Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
8.2.5.1. Spain Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.5.2. Spain Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
8.2.6. NORDIC Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
8.2.6.1. NORDIC Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.6.2. NORDIC Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
8.2.7. Russia and CIS Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
8.2.7.1. Russia and CIS Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.7.2. Russia and CIS Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
8.2.8. Rest of Europe Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
8.2.8.1. Rest of Europe Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.8.2. Rest of Europe Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
 
Chapter 9. Asia Pacific Aliphatic Solvents Market Overview, By Countries, 2017 - 2028 (USD Million)
9.1. Asia Pacific Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
9.1.1. Market Deployment and projections, 2017 - 2028 (USD Million)
9.1.2. Asia Pacific Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
9.1.3. Asia Pacific Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
9.2. Asia Pacific Aliphatic Solvents Market Overview, By Countries, 2017 - 2028 (USD Million)
9.2.1. India Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
9.2.1.1. India Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.1.2. India Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
9.2.2. China Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
9.2.2.1. China Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.2.2. China Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
9.2.3. Japan Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
9.2.3.1. Japan Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.3.2. Japan Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
9.2.4. ASEAN Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
9.2.4.1. ASEAN Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.4.2. ASEAN Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
9.2.5. South Korea Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
9.2.5.1. South Korea Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.5.2. South Korea Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
9.2.6. Australia Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
9.2.6.1. Australia Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.6.2. Australia Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
9.2.7. Rest of Asia Pacific Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
9.2.7.1. Rest of Asia Pacific Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.7.2. Rest of Asia Pacific Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
 
Chapter 10. South America Aliphatic Solvents Market Overview, By Countries, 2017 - 2028 (USD Million)
10.1. South America Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
10.1.1. Market Deployment and projections, 2017 - 2028 (USD Million)
10.1.2. South America Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
10.1.3. South America Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
10.2. South America Aliphatic Solvents Market Overview, By Countries, 2017 - 2028 (USD Million)
10.2.1. Brazil Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
10.2.1.1. Brazil Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
10.2.1.2. Brazil Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
10.2.2. Argentina Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
10.2.2.1. Argentina Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
10.2.2.2. Argentina Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
10.2.3. Rest of South America Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
10.2.3.1. Rest of South America Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
10.2.3.2. Rest of South America Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
 
Chapter 11. Middle East & Africa Aliphatic Solvents Market Overview, By Countries, 2017 - 2028 (USD Million)
11.1. Middle East & Africa Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
11.1.1. Market Deployment and projections, 2017 - 2028 (USD Million)
11.1.2. Middle East & Africa Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
11.1.3. Middle East & Africa Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
11.2. Middle East & Africa Aliphatic Solvents Market Overview, By Countries, 2017 - 2028 (USD Million)
11.2.1. GCC Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
11.2.1.1. GCC Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
11.2.1.2. GCC Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
11.2.2. South Africa Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
11.2.2.1. South Africa Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
11.2.2.2. South Africa Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
11.2.3. Rest of Middle East & Africa Aliphatic Solvents Market Overview, 2017 - 2028 (USD Million)
11.2.3.1. Rest of Middle East & Africa Aliphatic Solvents Market Overview, By Type, 2017 - 2028 (USD Million)
11.2.3.2. Rest of Middle East & Africa Aliphatic Solvents Market Overview, By Application, 2017 - 2028 (USD Million)
 
Chapter 12. Competitive Landscape
12.1. Competitive Environment, 2021
12.2. Strategic Framework
12.2.1. Partnership/Collaborations/Agreement
12.2.2. Expansion
12.2.3. Mergers & Acquisitions
12.2.4. New Product Development
 
Chapter 13. Key Vendor Analysis
13.1. Ganga Rasayanie Private Limited
13.1.1. Business Overview
13.1.2. Product Benchmarking
13.1.3. Financial Data
13.1.4. Strategic Overview
13.1.5. Key Developments
13.1.6. SWOT Analysis
13.2. RB PRODUCTS, INC.
13.2.1. Business Overview
13.2.2. Product Benchmarking
13.2.3. Financial Data
13.2.4. Strategic Overview
13.2.5. Key Developments
13.2.6. SWOT Analysis
13.3. Exxon Mobil Corp.
13.3.1. Business Overview
13.3.2. Product Benchmarking
13.3.3. Financial Data
13.3.4. Strategic Overview
13.3.5. Key Developments
13.3.6. SWOT Analysis
13.4. TotalEnergies
13.4.1. Business Overview
13.4.2. Product Benchmarking
13.4.3. Financial Data
13.4.4. Strategic Overview
13.4.5. Key Developments
13.4.6. SWOT Analysis
13.5. Royal Dutch Shell Plc.
13.5.1. Business Overview
13.5.2. Product Benchmarking
13.5.3. Financial Data
13.5.4. Strategic Overview
13.5.5. Key Developments
13.5.6. SWOT Analysis
13.6. Pon Pure Chemicals Group
13.6.1. Business Overview
13.6.2. Product Benchmarking
13.6.3. Financial Data
13.6.4. Strategic Overview
13.6.5. Key Developments
13.6.6. SWOT Analysis
13.7. Carolina International Sales Company Inc.
13.7.1. Business Overview
13.7.2. Product Benchmarking
13.7.3. Financial Data
13.7.4. Strategic Overview
13.7.5. Key Developments
13.7.6. SWOT Analysis
13.8. Gadiv Petrochemical Industries Ltd.
13.8.1. Business Overview
13.8.2. Product Benchmarking
13.8.3. Financial Data
13.8.4. Strategic Overview
13.8.5. Key Developments
13.8.6. SWOT Analysis
13.9. HCS Group GmbH – life science company
13.9.1. Business Overview
13.9.2. Product Benchmarking
13.9.3. Financial Data
13.9.4. Strategic Overview
13.9.5. Key Developments
13.9.6. SWOT Analysis
13.10. Recochem Inc.
13.10.1. Business Overview
13.10.2. Product Benchmarking
13.10.3. Financial Data
13.10.4. Strategic Overview
13.10.5. Key Developments
13.10.6. SWOT Analysis
13.11. Gulf Chemical and Industrial Oils
13.11.1. Business Overview
13.11.2. Product Benchmarking
13.11.3. Financial Data
13.11.4. Strategic Overview
13.11.5. Key Developments
13.11.6. SWOT Analysis
13.12. Calumet Specialty Products Partners L.P
13.12.1. Business Overview
13.12.2. Product Benchmarking
13.12.3. Financial Data
13.12.4. Strategic Overview
13.12.5. Key Developments
13.12.6. SWOT Analysis
13.13. Gotham Industries
13.13.1. Business Overview
13.13.2. Product Benchmarking
13.13.3. Financial Data
13.13.4. Strategic Overview
13.13.5. Key Developments
13.13.6. SWOT Analysis
13.14. SK Global Chemical Co. Ltd.
13.14.1. Business Overview
13.14.2. Product Benchmarking
13.14.3. Financial Data
13.14.4. Strategic Overview
13.14.5. Key Developments
13.14.6. SWOT Analysis
13.15. Hunt Refining Company
13.15.1. Business Overview
13.15.2. Product Benchmarking
13.15.3. Financial Data
13.15.4. Strategic Overview
13.15.5. Key Developments
13.15.6. SWOT Analysis
13.16. NOCO Energy Corporation
13.16.1. Business Overview
13.16.2. Product Benchmarking
13.16.3. Financial Data
13.16.4. Strategic Overview
13.16.5. Key Developments
13.16.6. SWOT Analysis
 
Chapter 14. Future Outlook of the Market