| Product Code: ETC13236679 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Aliphatic Hydrocarbon Solvents and Thinners Market was valued at USD 1.6 Billion in 2024 and is expected to reach USD 3.8 Billion by 2031, growing at a compound annual growth rate of 12.20% during the forecast period (2025-2031).
The global aliphatic hydrocarbon solvents and thinners market is experiencing steady growth driven by their wide applications in various industries such as paints and coatings, cleaning agents, adhesives, and inks. The market is characterized by the increasing demand for low VOC (volatile organic compound) solvents due to stringent environmental regulations. The shift towards eco-friendly and sustainable solvents is also a key trend shaping the market. North America and Europe are significant markets due to their strong regulatory framework promoting the use of environmentally friendly solvents. Asia-Pacific is expected to witness rapid growth fueled by industrialization and infrastructure development. Key players in the market are focusing on product innovation and strategic collaborations to gain a competitive edge in this evolving market landscape.
The Global Aliphatic Hydrocarbon Solvents and Thinners Market is witnessing a growing demand due to their versatile applications across industries such as paints and coatings, cleaning agents, adhesives, and pharmaceuticals. The increasing focus on sustainable and eco-friendly solvents is driving the market growth, as aliphatic hydrocarbon solvents are considered less harmful to the environment compared to conventional solvents. With the rising awareness about VOC emissions and stringent regulations regarding solvent use, there is a shift towards low-VOC or VOC-free formulations, presenting opportunities for manufacturers to innovate and develop greener alternatives. Additionally, the expanding construction and automotive industries in emerging economies are expected to further boost the demand for aliphatic hydrocarbon solvents and thinners in the coming years.
The Global Aliphatic Hydrocarbon Solvents and Thinners Market faces several challenges, including volatility in raw material prices, regulatory restrictions on volatile organic compounds (VOCs), and increasing competition from alternative solvents such as bio-based and water-based solvents. The fluctuating prices of raw materials, such as crude oil, directly impact the production costs of aliphatic hydrocarbon solvents and thinners, leading to pricing pressures and affecting profit margins. Additionally, stringent environmental regulations aimed at reducing VOC emissions pose challenges for manufacturers in terms of compliance and product reformulation. The growing popularity of eco-friendly solvents further intensifies competition in the market, prompting companies to innovate and develop sustainable solutions to meet the evolving consumer preferences and regulatory requirements.
The Global Aliphatic Hydrocarbon Solvents and Thinners Market is primarily driven by the increasing demand from various end-use industries such as paints and coatings, adhesives, and industrial cleaning applications. These solvents are favored for their high solvency power, low toxicity, and low volatility, making them popular choices for a wide range of applications. Additionally, the rising emphasis on environmentally friendly and sustainable products has led to the adoption of aliphatic hydrocarbon solvents as they are considered safer alternatives to traditional solvents. Furthermore, the growth of the construction and automotive industries, particularly in emerging economies, is fueling the demand for these solvents for various purposes such as surface preparation and cleaning. Overall, the market is expected to continue expanding due to the versatile properties and widespread applications of aliphatic hydrocarbon solvents and thinners.
Government policies related to the Global Aliphatic Hydrocarbon Solvents and Thinners Market vary by region but generally focus on regulations aimed at reducing environmental impact, ensuring worker safety, and promoting sustainable practices. Regulatory bodies such as the Environmental Protection Agency (EPA) in the United States and the European Chemicals Agency (ECHA) in the European Union enforce restrictions on the use of certain solvents, set emission limits, and require companies to comply with labeling and safety standards. Additionally, initiatives promoting the transition to eco-friendly solvents and thinners, such as bio-based alternatives, are being supported through government incentives and subsidies in some regions to encourage a shift towards more sustainable practices in the industry.
The Global Aliphatic Hydrocarbon Solvents and Thinners Market is expected to witness steady growth in the coming years, driven by increasing demand from various end-use industries such as paints and coatings, adhesives, and cleaning products. The market is likely to benefit from the rising construction activities, automotive production, and industrialization in emerging economies. Additionally, the shift towards environmentally friendly and low-VOC solvent options is anticipated to create new opportunities for market growth. However, challenges such as regulatory restrictions on the use of certain solvents and the volatility in crude oil prices could impact the market dynamics. Overall, advancements in technology, increasing research and development activities, and the focus on sustainable practices are expected to shape the future landscape of the Global Aliphatic Hydrocarbon Solvents and Thinners Market.
In the Global Aliphatic Hydrocarbon Solvents and Thinners Market, Asia is anticipated to witness significant growth due to the expanding construction and automotive industries in countries like China and India. North America is expected to maintain a strong market position driven by the presence of key manufacturers and increasing demand from the paints and coatings sector. In Europe, stringent environmental regulations are driving the shift towards eco-friendly solvents, impacting the market dynamics for aliphatic hydrocarbon solvents and thinners. The Middle East and Africa region is projected to experience steady growth supported by infrastructure development initiatives. In Latin America, the market is likely to be influenced by the growth in the chemicals and automotive industries, creating opportunities for market players to expand their presence in the region.
Global Aliphatic Hydrocarbon Solvents and Thinners Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Aliphatic Hydrocarbon Solvents and Thinners Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Aliphatic Hydrocarbon Solvents and Thinners Market Revenues & Volume, 2021 & 2031F |
3.3 Global Aliphatic Hydrocarbon Solvents and Thinners Market - Industry Life Cycle |
3.4 Global Aliphatic Hydrocarbon Solvents and Thinners Market - Porter's Five Forces |
3.5 Global Aliphatic Hydrocarbon Solvents and Thinners Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Aliphatic Hydrocarbon Solvents and Thinners Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Aliphatic Hydrocarbon Solvents and Thinners Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Aliphatic Hydrocarbon Solvents and Thinners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Aliphatic Hydrocarbon Solvents and Thinners Market Trends |
6 Global Aliphatic Hydrocarbon Solvents and Thinners Market, 2021 - 2031 |
6.1 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Varnish Makers' & Painters' Naphtha, 2021 - 2031 |
6.1.3 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Mineral Spirits, 2021 - 2031 |
6.1.4 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Hexane, 2021 - 2031 |
6.1.5 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Heptane, 2021 - 2031 |
6.1.6 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Paraffinic Solvent, 2021 - 2031 |
6.1.7 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Pentane, 2021 - 2031 |
6.1.8 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Solvent 140, 2021 - 2031 |
6.2 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Paints & Coatings, 2021 - 2031 |
6.2.3 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Cleaning & Degreasing, 2021 - 2031 |
6.2.4 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Adhesives, 2021 - 2031 |
6.2.5 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Aerosols, 2021 - 2031 |
6.2.6 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Rubbers & polymers, 2021 - 2031 |
6.2.7 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Printing inks, 2021 - 2031 |
6.2.8 Global Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Aliphatic Hydrocarbon Solvents and Thinners Market, Overview & Analysis |
7.1 North America Aliphatic Hydrocarbon Solvents and Thinners Market Revenues & Volume, 2021 - 2031 |
7.2 North America Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Aliphatic Hydrocarbon Solvents and Thinners Market, Overview & Analysis |
8.1 Latin America (LATAM) Aliphatic Hydrocarbon Solvents and Thinners Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Aliphatic Hydrocarbon Solvents and Thinners Market, Overview & Analysis |
9.1 Asia Aliphatic Hydrocarbon Solvents and Thinners Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Aliphatic Hydrocarbon Solvents and Thinners Market, Overview & Analysis |
10.1 Africa Aliphatic Hydrocarbon Solvents and Thinners Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Aliphatic Hydrocarbon Solvents and Thinners Market, Overview & Analysis |
11.1 Europe Aliphatic Hydrocarbon Solvents and Thinners Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Aliphatic Hydrocarbon Solvents and Thinners Market, Overview & Analysis |
12.1 Middle East Aliphatic Hydrocarbon Solvents and Thinners Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Aliphatic Hydrocarbon Solvents and Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Aliphatic Hydrocarbon Solvents and Thinners Market Key Performance Indicators |
14 Global Aliphatic Hydrocarbon Solvents and Thinners Market - Export/Import By Countries Assessment |
15 Global Aliphatic Hydrocarbon Solvents and Thinners Market - Opportunity Assessment |
15.1 Global Aliphatic Hydrocarbon Solvents and Thinners Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Aliphatic Hydrocarbon Solvents and Thinners Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Aliphatic Hydrocarbon Solvents and Thinners Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Aliphatic Hydrocarbon Solvents and Thinners Market - Competitive Landscape |
16.1 Global Aliphatic Hydrocarbon Solvents and Thinners Market Revenue Share, By Companies, 2024 |
16.2 Global Aliphatic Hydrocarbon Solvents and Thinners Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |