| Product Code: ETC13401021 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | 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 & Thinners Market was valued at USD 4.3 Billion in 2024 and is expected to reach USD 5.6 Billion by 2031, growing at a compound annual growth rate of 6.50% during the forecast period (2025-2031).
The Global Aliphatic Hydrocarbon Solvents & Thinners Market is experiencing steady growth driven by the increasing demand from various industries such as paints & coatings, cleaning & degreasing, adhesives, and rubber & polymer processing. These solvents are favored for their low toxicity, high solvency power, and excellent drying properties. The market is also seeing a shift towards environmentally friendly solvents due to stringent regulations on VOC emissions. Asia-Pacific is a key region for market growth due to the expanding industrial sector in countries like China and India. Key players in the market are focusing on product innovation and strategic partnerships to gain a competitive edge. Overall, the market is expected to continue its growth trajectory in the coming years with a strong emphasis on sustainability and compliance with regulations.
The Global Aliphatic Hydrocarbon Solvents & Thinners Market is experiencing growth due to the increasing demand from various end-use industries such as paints & coatings, adhesives, and cleaning chemicals. The market is seeing a shift towards environmentally friendly and low VOC (volatile organic compounds) products, driving the demand for bio-based and eco-friendly solvents. Additionally, the rising construction activities and automotive production in emerging economies are creating opportunities for market expansion. Companies are focusing on product innovations, strategic partnerships, and acquisitions to gain a competitive edge in the market. The Asia-Pacific region is expected to witness significant growth, driven by the rapid industrialization and infrastructure developments in countries like China and India. Overall, the market is poised for growth with opportunities for sustainable and innovative solutions.
The Global Aliphatic Hydrocarbon Solvents & Thinners Market faces several challenges, including volatility in raw material prices, stringent environmental regulations, and the shift towards eco-friendly alternatives. Fluctuations in crude oil prices directly impact the cost of aliphatic hydrocarbon solvents, making it challenging for manufacturers to maintain stable pricing and profitability. Additionally, stringent regulations regarding volatile organic compound (VOC) emissions pose a significant challenge for the industry, as aliphatic hydrocarbon solvents are considered harmful to the environment and human health. This has led to a growing demand for bio-based solvents and thinners, pushing companies to innovate and develop sustainable alternatives to meet changing market demands. Adapting to these challenges will be crucial for the growth and sustainability of the Global Aliphatic Hydrocarbon Solvents & Thinners Market.
The Global Aliphatic Hydrocarbon Solvents & Thinners Market is primarily driven by the growing demand from various end-use industries such as paints and coatings, adhesives, and printing inks. These solvents are favored for their low toxicity, high solvency power, and compatibility with a wide range of materials, making them essential in formulations for industrial applications. Additionally, the increasing focus on environmental regulations and the shift towards eco-friendly solvents have boosted the demand for aliphatic hydrocarbon solvents as a sustainable alternative to traditional volatile organic compounds (VOCs). The expanding automotive and construction sectors, particularly in emerging economies, further contribute to the market growth as these industries heavily rely on solvents for manufacturing processes. Overall, the market is expected to witness steady growth driven by these factors.
Government policies related to the Global Aliphatic Hydrocarbon Solvents & Thinners Market focus on regulating the production, use, and disposal of these chemicals to minimize environmental and health risks. Many countries have introduced regulations to limit the emission of volatile organic compounds (VOCs) from these solvents, as well as requirements for proper handling, storage, and disposal. Additionally, there are guidelines in place for labeling and packaging to ensure safe use and transportation. Some governments also promote the use of alternative solvents with lower toxicity and higher biodegradability to reduce the environmental impact of aliphatic hydrocarbon solvents. Overall, the regulatory landscape aims to balance the need for these chemicals in various industries with the goal of protecting human health and the environment.
The Global Aliphatic Hydrocarbon Solvents & Thinners Market is poised for steady growth in the coming years due to increasing demand from various end-use industries such as paints & coatings, adhesives, and cleaning products. The market is expected to benefit from the rising construction activities, automotive production, and industrialization in emerging economies. Additionally, the shift towards eco-friendly and low VOC products is driving the adoption of aliphatic hydrocarbon solvents and thinners. Technological advancements in production processes and increasing research and development activities are likely to further propel market growth. However, challenges such as stringent regulations regarding the use of volatile organic compounds may hinder market expansion. Overall, the market is forecasted to exhibit moderate but consistent growth over the next few years.
In the Global Aliphatic Hydrocarbon Solvents & Thinners Market, Asia Pacific is expected to witness significant growth due to the increasing industrial activities and expanding construction sector. North America is likely to lead the market owing to the rising demand for environmentally friendly solvents in the region. In Europe, stringent regulations promoting the use of low-VOC solvents are driving the market growth. The Middle East and Africa region is anticipated to experience steady growth due to the expanding automotive and construction industries. Latin America is also projected to show promising growth opportunities fueled by the growing paint and coatings industry in the region. Overall, the market is expected to witness a steady growth trajectory across these regions driven by increasing industrialization and construction activities.
Global Aliphatic Hydrocarbon Solvents & 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 & Thinners Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Aliphatic Hydrocarbon Solvents & Thinners Market Revenues & Volume, 2021 & 2031F |
3.3 Global Aliphatic Hydrocarbon Solvents & Thinners Market - Industry Life Cycle |
3.4 Global Aliphatic Hydrocarbon Solvents & Thinners Market - Porter's Five Forces |
3.5 Global Aliphatic Hydrocarbon Solvents & Thinners Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Aliphatic Hydrocarbon Solvents & Thinners Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Aliphatic Hydrocarbon Solvents & Thinners Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Aliphatic Hydrocarbon Solvents & Thinners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Aliphatic Hydrocarbon Solvents & Thinners Market Trends |
6 Global Aliphatic Hydrocarbon Solvents & Thinners Market, 2021 - 2031 |
6.1 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Mineral Spirits, 2021 - 2031 |
6.1.3 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Hexane, 2021 - 2031 |
6.1.4 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Heptane, 2021 - 2031 |
6.1.5 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Paints & Coatings, 2021 - 2031 |
6.2.3 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Cleaning & Degreasing, 2021 - 2031 |
6.2.4 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Adhesives, 2021 - 2031 |
6.2.5 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Aerosols, 2021 - 2031 |
6.2.6 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Rubbers & polymers, 2021 - 2031 |
6.2.7 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Printing inks, 2021 - 2031 |
6.2.8 Global Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Aliphatic Hydrocarbon Solvents & Thinners Market, Overview & Analysis |
7.1 North America Aliphatic Hydrocarbon Solvents & Thinners Market Revenues & Volume, 2021 - 2031 |
7.2 North America Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Aliphatic Hydrocarbon Solvents & Thinners Market, Overview & Analysis |
8.1 Latin America (LATAM) Aliphatic Hydrocarbon Solvents & Thinners Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Aliphatic Hydrocarbon Solvents & Thinners Market, Overview & Analysis |
9.1 Asia Aliphatic Hydrocarbon Solvents & Thinners Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Aliphatic Hydrocarbon Solvents & Thinners Market, Overview & Analysis |
10.1 Africa Aliphatic Hydrocarbon Solvents & Thinners Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Aliphatic Hydrocarbon Solvents & Thinners Market, Overview & Analysis |
11.1 Europe Aliphatic Hydrocarbon Solvents & Thinners Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Aliphatic Hydrocarbon Solvents & Thinners Market, Overview & Analysis |
12.1 Middle East Aliphatic Hydrocarbon Solvents & Thinners Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Aliphatic Hydrocarbon Solvents & Thinners Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Aliphatic Hydrocarbon Solvents & Thinners Market Key Performance Indicators |
14 Global Aliphatic Hydrocarbon Solvents & Thinners Market - Export/Import By Countries Assessment |
15 Global Aliphatic Hydrocarbon Solvents & Thinners Market - Opportunity Assessment |
15.1 Global Aliphatic Hydrocarbon Solvents & Thinners Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Aliphatic Hydrocarbon Solvents & Thinners Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Aliphatic Hydrocarbon Solvents & Thinners Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Aliphatic Hydrocarbon Solvents & Thinners Market - Competitive Landscape |
16.1 Global Aliphatic Hydrocarbon Solvents & Thinners Market Revenue Share, By Companies, 2024 |
16.2 Global Aliphatic Hydrocarbon Solvents & Thinners Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |