Aliphatic Hydrocarbon Solvents and Thinners Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Aliphatic Hydrocarbon Solvent Type (Hexane, Heptane, Mineral Spirits, Gasoline and Others), by Application (Paints & Coatings, Rubber Manufacturing, Cleaning & Degreasing, Adhesives and Others) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Aliphatic Hydrocarbon Solvents & Thinners Market Size

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Aliphatic Hydrocarbon Solvents and Thinners Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Aliphatic Hydrocarbon Solvents and Thinners Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Aliphatic Hydrocarbon Solvents & Thinners Market Analysis

The market for Aliphatic Hydrocarbon Solvents and Thinners is expected to grow at a CAGR of about 4% globally during the forecast period. Major factors driving the market Increasing application in paints & coatings as diluents and thinners and growing demand owing to their wide range of applications.Stringent environmental regulations coupled with other restraints are expected to hinder the growth of the market studied

Aliphatic Hydrocarbon Solvents and Thinners market is expected to grow during the forecast period owing to growing application in paints and coatings across the globe.

Asia-Pacific region dominated the market across the globe with the largest consumption from the countries such as China, India, Japan and ASEAN countries.

Aliphatic Hydrocarbon Solvents & Thinners Market Trends

This section covers the major market trends shaping the Aliphatic Hydrocarbon Solvents & Thinners Market according to our research experts:

Growing Application in Paints & Coatings

  • Aliphatic solvents are in the category of aliphatic compounds. Aliphatic solvents do not contain a benzene ring. They are mixtures of saturated, long straight chain (normal-paraffin), branched chain (iso-paraffin) or cyclic paraffins. These solvents are produced by the distillation of crude oil by the appropriate boiling point range fraction, and then are treated to improve their color and odor.
  • The increasing buildings & construction sector is attributing to the growing application ofaliphatic solvents as thinners and diluents in paints and coatings thereby increasing its market.
  • In addition to the construction adhesives, paints and coatings optimized for the construction industry, processors also use these solvents as cleaning and degreasing agents
  • It is estimated that in United Kingdom around 27,000 - 50,000 new homes are built year-over-year from 2018 which in turn increases scope for this market
  • Growing demand for paints and coatings from automotive sector and other industries are in turn increasing the application ofaliphatic hydrocarbon solvents and thinners
  • Hence, growing application of paints & coatings in buildings & construction sector in countries like China, United Kingdom, United States, India, Japan are playing a major role in this market.
Aliphatic Hydrocarbon Solvents and Thinners Market Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market foraliphatic hydrocarbon solvents and thinnersduring the forecast period. Due to the high demand application from countries like China, India and Japan the market foraliphatic hydrocarbon solvents and thinnershas been increasing.
  • The largest producers of aliphatic hydrocarbon solvents and thinners are located in Asia-Pacific region. Some of the leading companies in the production of aliphatic hydrocarbon solvents and thinner are Royal Dutch Shell, Recochem Inc, Phillips 66, mg organics pvt. ltd
  • In 2018, the Indian government has announced an investment worth USD 31,650 billion for the construction of 100 cities, under the smart cities plan. 100 smart cities and 500 cities are likely to invite investments worth INR 2 trillion (~USD 28.18 billion), over the coming five years creating scope for the application ofaliphatic hydrocarbon solvents and thinnersin paints andcoatings.
  • The Chinese government has rolled out massive construction plans, including making provisions for the movement of 250 million people to its new megacities, over the next ten years creating a major scope for construction activity thereby increasing the market foraliphatic hydrocarbon solvents and thinnersover the coming years.
  • Apart from paints & coatings these aliphatic hydrocarbon solvents and thinners are also used in adhesives & sealants, in rubber manufacturing and others which have multiple application in various end-user industries like automotive and others
  • In automotive industry apart from paints and coatings thesealiphatic hydrocarbon solventsand thinners are used as cleansers and degreasing agents
  • The aforementioned factors coupled with government support are contributing to the increasing demand for aliphatic hydrocarbon solvents and thinners market during the forecast period (2020-2025).
Aliphatic Hydrocarbon Solvents and Thinners Market Analysis

Aliphatic Hydrocarbon Solvents & Thinners Industry Overview

The global aliphatic hydrocarbon solvents and thinners market is partially fragmented with players accounting for a marginal share of the market. Few companies include are Royal Dutch Shell, Hunt Refining Company, Recochem Inc, Phillips 66, Gadiv Petrochemical Industries Ltd

Aliphatic Hydrocarbon Solvents & Thinners Market Leaders

  1. Royal Dutch Shell

  2. Hunt Refining Company

  3. Recochem Inc

  4. Phillips 66

  5. Gadiv Petrochemical Industries Ltd

*Disclaimer: Major Players sorted in no particular order

Royal Dutch Shell, Hunt Refining Company, Recochem Inc, Phillips 66, Gadiv Petrochemical Industries Ltd
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Aliphatic Hydrocarbon Solvents & Thinners Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Application in Paints & Coatings as Diluents and Thinners
    • 4.1.2 Growing Demand Owing to their Wide Range of Applications
  • 4.2 Restraints
    • 4.2.1 Stringent Environmental Regulations
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Aliphatic Hydrocarbon Solvent Type
    • 5.1.1 Hexane
    • 5.1.2 Heptane
    • 5.1.3 Mineral Spirits
    • 5.1.4 Gasoline
    • 5.1.5 Others
  • 5.2 Application
    • 5.2.1 Paints & Coatings
    • 5.2.2 Adhesives
    • 5.2.3 Cleaning & Degreasing
    • 5.2.4 Rubber Manufacturing
    • 5.2.5 Others
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share/Ranking Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 BASF SE
    • 6.4.2 Brenntag Canada, Inc.
    • 6.4.3 Calumet Specialty Products Partners, L.P
    • 6.4.4 Exxon Mobil Corporation
    • 6.4.5 Gadiv Petrochemical Industries Ltd
    • 6.4.6 Honeywell International Inc.
    • 6.4.7 Hunt Refining Company
    • 6.4.8 mg organics pvt. ltd
    • 6.4.9 Phillips 66
    • 6.4.10 Recochem Inc
    • 6.4.11 Royal Dutch Shell
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Aliphatic Hydrocarbon Solvents & Thinners Industry Segmentation

The Aliphatic Hydrocarbon Solvents and Thinners Market report include: 

 

Aliphatic Hydrocarbon Solvent Type Hexane
Heptane
Mineral Spirits
Gasoline
Others
Application Paints & Coatings
Adhesives
Cleaning & Degreasing
Rubber Manufacturing
Others
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Geography North America United States
Canada
Mexico
Geography Europe Germany
United Kingdom
France
Italy
Rest of Europe
Geography South America Brazil
Argentina
Rest of South America
Geography Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Aliphatic Hydrocarbon Solvents & Thinners Market Research FAQs

The Aliphatic Hydrocarbon Solvents and Thinners Market is projected to register a CAGR of 4% during the forecast period (2024-2029)

Royal Dutch Shell, Hunt Refining Company, Recochem Inc, Phillips 66 and Gadiv Petrochemical Industries Ltd are the major companies operating in the Aliphatic Hydrocarbon Solvents and Thinners Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Aliphatic Hydrocarbon Solvents and Thinners Market.

The report covers the Aliphatic Hydrocarbon Solvents and Thinners Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aliphatic Hydrocarbon Solvents and Thinners Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Aliphatic Hydrocarbon Solvents and Thinners Industry Report

Statistics for the 2024 Aliphatic Hydrocarbon Solvents and Thinners market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aliphatic Hydrocarbon Solvents and Thinners analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Aliphatic Hydrocarbon Solvents and Thinners Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)