- Heptane
- Hexane
- Mineral Spirits
- Varnish Makers & Painters Naphtha
- Others (Paraffinic Solvent, Pentane, and Solvent 140)
Aliphatic Hydrocarbon Solvents And Thinners Market size was valued at USD 4,285.4 million in 2022 and is anticipated to grow at a CAGR of 4.4 % over 2023-2029. Aliphatic hydrocarbon solvents and thinners are chemical compounds derived from petroleum hydrocarbons. They belong to a class of organic compounds known as aliphatic hydrocarbons, which are characterized by their straight-chain or branched carbon structures. These solvents and thinners are commonly used in various industrial applications due to their ability to dissolve, disperse, or dilute other substances. They are known for their relatively low toxicity and versatile properties. Construction and infrastructure development play a significant role in driving the aliphatic hydrocarbon solvents and thinners market. These solvents are essential components in various stages of construction and infrastructure projects. They are used in the formulation of paints, coatings, adhesives, and sealants that protect surfaces, enhance aesthetics, and provide durability against environmental factors. For example, aliphatic solvents are integral to the preparation and application of protective coatings on buildings, bridges, roads, and other infrastructure elements.
Moreover, the rising demand in the automotive industry has a substantial impact on increasing the sale of aliphatic hydrocarbon solvents and thinners. These solvents are essential components in the production of automotive paints, coatings, and related products. As the automotive sector experiences growth, driven by factors such as increasing vehicle production, consumer preferences for aesthetic customization, and the need for protective coatings, the demand for aliphatic solvents rises in tandem. However, some aliphatic solvents may have associated health risks, such as skin or respiratory irritation. Hence, the adoption of less toxic solvents due to health and safety concerns may hinder the growth of the aliphatic hydrocarbon solvents and thinners market. Meanwhile, global industrial growth and manufacturing activities create significant opportunities for the development of the aliphatic hydrocarbon solvents and thinners market. Market players are launching new products, forming partnerships, and making acquisitions to meet increasing demand from end-use industries. For instance, in July 2019, Braskem developed its new biobased oxygenated solvent, HE-70S, which features lower toxicity and greater solvency power compared to traditional hydrocarbon solvents.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Some of the key factors influencing the market growth include growing demand for aliphatic hydrocarbon solvents & thinners as it a crucial coating and painting from the protection of numerous compounds by various undesirable conditions such as rust, UV radiations & abrasion. Additionally, an increase in acceptance of aliphatic hydrocarbon solvents & thinners as it less harmful for the environment, increase the shelf life of the end products and rising in the manufacturing industries will further boost the market growth in the forecast period. However, volatile prices of aliphatic hydrocarbon solvents & thinners and quality benchmark establishment are the major factors hindering the market growth.
Increasing industrialization and rising government initiatives for sustainable solvent solutions are some of the key opportunities for companies to enhance their revenue over the forecast years.
Development of the bio-based solvent solutions is one of the major trends in the aliphatic hydrocarbon solvents and thinners market.
The aliphatic hydrocarbon solvents and thinners market size was valued at USD 4,285.4 million in 2022
1.Executive Summary |
2.Global Aliphatic Hydrocarbon Solvents and Thinners Market Introduction |
2.1.Global Aliphatic Hydrocarbon Solvents and Thinners Market - Taxonomy |
2.2.Global Aliphatic Hydrocarbon Solvents and Thinners Market - Definitions |
2.2.1. By Type |
2.2.2. By Application |
2.2.3. By Region |
3.Global Aliphatic Hydrocarbon Solvents and Thinners Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Aliphatic Hydrocarbon Solvents and Thinners Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Aliphatic Hydrocarbon Solvents and Thinners Market By Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
5.1. Heptane |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Hexane |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Mineral Spirits |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Varnish Makers & Painters Naphtha |
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others (Paraffinic Solvent, Pentane, and Solvent 140) |
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6.Global Aliphatic Hydrocarbon Solvents and Thinners Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
6.1. Adhesives |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Aerosols |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Cleaning & Degreasing |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Paints & Coatings |
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Printing inks |
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Rubbers & polymers |
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Others (Agrochemicals, Pharmaceuticals, and Automotive)) |
6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
7.Global Aliphatic Hydrocarbon Solvents and Thinners Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Aliphatic Hydrocarbon Solvents and Thinners Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Heptane |
8.1.2.Hexane |
8.1.3.Mineral Spirits |
8.1.4.Varnish Makers & Painters Naphtha |
8.1.5.Others (Paraffinic Solvent, Pentane, and Solvent 140) |
8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Adhesives |
8.2.2.Aerosols |
8.2.3.Cleaning & Degreasing |
8.2.4.Paints & Coatings |
8.2.5.Printing inks |
8.2.6.Rubbers & polymers |
8.2.7.Others (Agrochemicals, Pharmaceuticals, and Automotive)) |
8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Aliphatic Hydrocarbon Solvents and Thinners Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Heptane |
9.1.2.Hexane |
9.1.3.Mineral Spirits |
9.1.4.Varnish Makers & Painters Naphtha |
9.1.5.Others (Paraffinic Solvent, Pentane, and Solvent 140) |
9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Adhesives |
9.2.2.Aerosols |
9.2.3.Cleaning & Degreasing |
9.2.4.Paints & Coatings |
9.2.5.Printing inks |
9.2.6.Rubbers & polymers |
9.2.7.Others (Agrochemicals, Pharmaceuticals, and Automotive)) |
9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
9.3.6.Rest of EU |
10.Asia Pacific (APAC) Aliphatic Hydrocarbon Solvents and Thinners Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Heptane |
10.1.2.Hexane |
10.1.3.Mineral Spirits |
10.1.4.Varnish Makers & Painters Naphtha |
10.1.5.Others (Paraffinic Solvent, Pentane, and Solvent 140) |
10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Adhesives |
10.2.2.Aerosols |
10.2.3.Cleaning & Degreasing |
10.2.4.Paints & Coatings |
10.2.5.Printing inks |
10.2.6.Rubbers & polymers |
10.2.7.Others (Agrochemicals, Pharmaceuticals, and Automotive)) |
10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Aliphatic Hydrocarbon Solvents and Thinners Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Heptane |
11.1.2.Hexane |
11.1.3.Mineral Spirits |
11.1.4.Varnish Makers & Painters Naphtha |
11.1.5.Others (Paraffinic Solvent, Pentane, and Solvent 140) |
11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Adhesives |
11.2.2.Aerosols |
11.2.3.Cleaning & Degreasing |
11.2.4.Paints & Coatings |
11.2.5.Printing inks |
11.2.6.Rubbers & polymers |
11.2.7.Others (Agrochemicals, Pharmaceuticals, and Automotive)) |
11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Aliphatic Hydrocarbon Solvents and Thinners Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Heptane |
12.1.2.Hexane |
12.1.3.Mineral Spirits |
12.1.4.Varnish Makers & Painters Naphtha |
12.1.5.Others (Paraffinic Solvent, Pentane, and Solvent 140) |
12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Adhesives |
12.2.2.Aerosols |
12.2.3.Cleaning & Degreasing |
12.2.4.Paints & Coatings |
12.2.5.Printing inks |
12.2.6.Rubbers & polymers |
12.2.7.Others (Agrochemicals, Pharmaceuticals, and Automotive)) |
12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.BASF SE (Germany) |
13.2.2.Calumet Specialty Products Partners, L.P. (US) |
13.2.3.ExxonMobil Chemical, Inc. (US) |
13.2.4.Gadiv Petrochemical Industries Ltd. (Israel) |
13.2.5.Ganga Rasayanie (P) Ltd (India) |
13.2.6.Gotham Industries (Canada) |
13.2.7.HCS Group (Germany) |
13.2.8.Honeywell International Inc. (US) |
13.2.9.Hunt Refining Company (US) |
13.2.10.LyondellBasell Industries Holdings B.V. (Netherlands) |
13.2.11.NOCO Energy Corporation (US) |
13.2.12.Recochem Inc. (Canada) |
14. Research Methodology |
15. Appendix and Abbreviations |