Aliphatic Hydrocarbon Solvents & Thinners Market – Opportunities, Size & Growth Projections {2028}

By | September 12, 2023
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Global aliphatic hydrocarbon solvents and thinners market will grow significantly in the forecast period of 2024-2028. Free Sample Report.

The global aliphatic hydrocarbon solvents and thinners market is anticipated to grow significantly in the forecast period of 2024-2028 due to the growing demand for paints and coatings, the rising demand for cleaning agents, increasing industrialization and construction activities, the growing demand for environmentally friendly solvents, stringent government regulations, the growing demand from the automotive and aerospace industries, and increasing research and development activities.

Aliphatic hydrocarbon solvents and thinners are a type of organic solvents derived from petroleum feedstocks. They are characterized by their chemical structure, which consists of straight-chain or branched hydrocarbon molecules. These solvents have a wide range of industrial applications due to their excellent solvent power, low toxicity, and favorable physical properties. Globally, the annual consumption of paint and coating was estimated to be 44.4 million tons in 2019, valued at approximately USD142 billion. Aliphatic hydrocarbon solvents and thinners are widely used in the formulation of paints, varnishes, lacquers, and other surface coatings. They serve as diluents or solvents for resins, pigments, and other additives, allowing for proper application consistency and viscosity control. These solvents contribute to the evaporation and drying process, leaving a smooth and uniform coating on various surfaces.Aliphatic hydrocarbon solvents and thinners are used in the production of adhesives and sealants. They help dissolve or disperse adhesive components, ensuring proper mixing and consistency of the adhesive formulation. These solvents also aid in improving adhesive flow and wetting properties, facilitating strong bonding between substrates. Aliphatic hydrocarbon solvents and thinners are effective cleaning agents and degreasers due to their ability to dissolve and remove oils, greases, dirt, and contaminants from various surfaces and equipment. They are commonly used in industrial cleaning applications, such as parts cleaning, equipment maintenance, and degreasing operations.Aliphatic hydrocarbon solvents and thinners find applications in the production of various industrial and specialty chemicals. They are used as solvents or carriers for chemical reactions, extraction processes, and formulation of products such as pharmaceuticals, pesticides, flavors, fragrances, and specialty polymers. Moreover, aliphatic hydrocarbon solvents and thinners are common ingredients in cleaning and maintenance products, including household cleaners, automotive care products, and industrial degreasers. They help remove stains, dirt, and contaminants from surfaces and equipment, providing effective cleaning and maintenance solutions. Hence, the wide use of aliphatic hydrocarbon solvents and thinners is expected to propel the growth of the global aliphatic hydrocarbon solvents and thinners market.The rising demand for paints and coatings is indeed a key factor driving the growth of the aliphatic hydrocarbon solvents and thinners market. Aliphatic hydrocarbon solvents and thinners are essential components in the formulation of paints and coatings. These solvents are used to dissolve or disperse various ingredients, such as resins, binders, pigments, and additives, to create a consistent and workable paint or coating formulation. They help achieve the desired viscosity, flow, and application properties, ensuring smooth and uniform coverage on different surfaces. The consumption of architectural paint was estimated to be 26 million tons, valued at approximately USD50 billion in 2019, and industrial coatings were 18.4 million tons, costing approximately USD80 billion worldwide.Aliphatic hydrocarbon solvents and thinners are utilized for viscosity control and dilution purposes in paints and coatings. They can be added to adjust the viscosity and flow characteristics of the formulation, making it easier to apply and providing the desired consistency. These solvents also act as diluents, enabling the adjustment of the paint or coating’s solid content, which affects the film thickness and drying time.Aliphatic hydrocarbon solvents and thinners play a crucial role in the evaporation and drying process of paints and coatings. Once the paint or coating is applied, the solvent evaporates, allowing the film-forming components to adhere to the surface and form a protective layer. The evaporation rate of the solvent affects the drying time, and aliphatic hydrocarbon solvents are known for their moderate to fast evaporation rates, facilitating efficient drying and curing of the paint or coating.Aliphatic hydrocarbon solvents and thinners exhibit good compatibility with a wide range of resins, binders, and additives used in paints and coatings. They help in achieving proper solubility and dispersion of the components, leading to improved performance characteristics of the final product. These solvents contribute to better film formation, adhesion, gloss, color development, and durability of paints and coatings.Volatile Organic Compounds (VOCs) are a significant concern in the paints and coatings industry due to their potential environmental and health impacts. Aliphatic hydrocarbon solvents and thinners are considered low in VOC content compared to other solvent types. The increasing demand for environmentally friendly and low VOC coatings has driven the use of aliphatic hydrocarbon solvents as a preferred choice for formulating eco-friendly paints and coatings.Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3931   

Increasing Industrialization and Construction Activities to Increase the Demand for Aliphatic Hydrocarbon Solvents & Thinners Market

The increasing industrialization and construction activities worldwide are driving the demand for aliphatic hydrocarbon solvents and thinners. The expansion of the construction industry, infrastructure development projects, industrial growth, the automotive sector, and maintenance and repair activities are key factors contributing to the market growth.The construction industry is a major consumer of aliphatic hydrocarbon solvents and thinners. These solvents are extensively used in various construction applications such as paints, coatings, adhesives, sealants, and cleaning agents. With rapid urbanization, infrastructure development, and construction projects taking place worldwide, there is a growing demand for these solvents to meet the requirements of the construction industry.Aliphatic hydrocarbon solvents and thinners are essential components in the formulation of coatings, paints, and protective finishes used in infrastructure development projects. These solvents help provide corrosion protection, weather resistance, and aesthetic appeal to infrastructure such as bridges, roads, buildings, and pipelines. The increasing investments in infrastructure projects globally drive the demand for these solvents.As industrialization progresses, there is a simultaneous rise in manufacturing activities across various sectors. Aliphatic hydrocarbon solvents and thinners are widely used in manufacturing processes, including the production of industrial coatings, automotive refinishing, metal cleaning, and parts degreasing. The expansion of industrial sectors such as automotive, electronics, aerospace, and machinery drives the demand for these solvents.The automotive industry is another major consumer of aliphatic hydrocarbon solvents and thinners. These solvents are used in automotive paints, coatings, and cleaning agents. With the increasing production and demand for automobiles globally, there is a parallel demand for high-quality solvents and thinners to meet the industry’s requirements for surface preparation, painting, and cleaning.Aliphatic hydrocarbon solvents and thinners are widely used in maintenance and repair activities across industries. These solvents are employed for surface cleaning, degreasing, and removing old paint or coatings before reapplication. With the need for regular maintenance and repairs in industries such as manufacturing, automotive, and infrastructure, the demand for these solvents remains high.Retrofitting and renovation projects in residential and commercial buildings contribute to the demand for aliphatic hydrocarbon solvents and thinners. These solvents are used for surface preparation, paint stripping, and restoration purposes. With the focus on upgrading existing structures, the demand for solvents in retrofitting projects is expected to grow. Therefore, all these factors are expected to increase the global aliphatic hydrocarbon solvents & thinners market share in the forecast period.

Recent Developments

  • In June 2021, SK Global Chemical rebranded the company name to SK Geo Centric, with a focus on recycling and eco-friendly materials in line with their environmental policy. They plan to invest up USD380 thousand by 2025, which will benefit the production capacity of aliphatic hydrocarbon solvents and thinners.

Market Segmentation

Global aliphatic hydrocarbon solvents & thinners market is segmented based on type, application, region and competitive landscape. Based on type, the market is segmented into varnish makers & painter’s naphtha, hexane, mineral spirits, heptane, and others. Based on application, the market is categorized into paints & coatings, adhesives, aerosols, and others.

Company Profiles

Exxonmobil Chemical Co,  SK Geo Centric Co Ltd, Shell PLC, Calumet Specialty, Products Partners, L.P., Gotham Industries Inc., Gulf Chemicals & Industrial Oils Co., Recochem Inc., Haltermann Carless UK Ltd, W.M. Barr & Company Inc,  and Hohman Plating & Manufacturing LLC are some of the key players in the global aliphatic hydrocarbon solvents & thinners market.

Report Scope:

AttributeDetailsBase Year2022Historic Data2018 – 2021Estimated Year2023Forecast Period2024 – 2028Quantitative UnitsRevenue in USD Million, Volume in metric tons and CAGR for 2018-2022 and 2023-2028Report coverageRevenue forecast, volume forecast, company share, competitive landscape, growth factors, and trendsSegments coveredTypeApplicationRegional scopeNorth America, Europe, Asia Pacific, South America, Middle East & AfricaCountry scopeUnited States, Mexico, Canada, Germany, Spain, United Kingdom, France, Italy, Russia, China, Japan, India, South Korea, Australia, Brazil, Colombia, Argentina, South Africa, Saudi Arabia, UAE.Key companies profiledExxonmobil Chemical Co,  SK Geo Centric Co Ltd, Shell PLC, Calumet Specialty, Products Partners, L.P., Gotham Industries Inc., Gulf Chemicals & Industrial Oils Co., Recochem Inc., Haltermann Carless UK Ltd, W.M. Barr & Company Inc,  and Hohman Plating & Manufacturing LLC.Customization scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.Pricing and purchase optionsAvail customized purchase options to meet your exact research needs. Explore purchase optionsDelivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

In this report, global aliphatic hydrocarbon solvents & thinners market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Aliphatic Hydrocarbon Solvents & Thinners Market, By Type:
    • Varnish Makers & Painter’s NaphthaHexaneMineral SpiritsHeptaneOthers
    Aliphatic Hydrocarbon Solvents & Thinners Market, By Application:
    • Paints & CoatingsAdhesivesAerosolsOthers
    Aliphatic Hydrocarbon Solvents & Thinners Market, By Region:
    • North America
      • United StatesMexicoCanada
      Europe
      • FranceGermanySpainUnited KingdomItalyRussia
      Asia-Pacific
      • ChinaJapanIndiaSouth KoreaAustralia
      South America
      • BrazilColombiaArgentina
      Middle East & Africa
      • South AfricaSaudi ArabiaUAE
    • Competitive landscapeCompany Profiles: Detailed analysis of the major companies present in the global aliphatic hydrocarbon solvents & thinners market.Available Customizations:With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:Company Information
  • Detailed analysis and profiling of additional market players (up to five).
    •  Related ReportsCarbon Fiber Prepreg Market {2028} – Industry Trends, Share & ForecastIndia Bulk Oxygen Market {2030}: Trends & Forecast Table of Content-Aliphatic Hydrocarbon Solvents & Thinners Market  
  • Product Overview
    • 1.1.  Market Definition1.2.  Scope of the Market1.2.1.    Markets Covered1.2.2.    Years Considered for Study1.2.3.    Key Market Segmentations

    1. Research Methodology

    2.1.  Objective of the Study2.2.  Baseline Methodology2.3.  Key Industry Partners2.4.  Major Association and Secondary Sources2.5.  Forecasting Methodology2.6.  Data Triangulation & Validation2.7.  Assumptions and Limitations

    1. Executive Summary

    3.1.  Overview of the Market3.2.  Overview of Key Market Segmentations3.3.  Overview of Key Market Players3.4.  Overview of Key Regions/Countries3.5.  Overview of Market Drivers, Challenges, Trends

    1. Global Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

    4.1.  Market Size & Forecast4.1.1.    By Value & Volume4.2.  Market Share & Forecast4.2.1.    By Type (Varnish Makers & Painter’s Naphtha, Hexane, Mineral Spirits, Heptane and, Others),4.2.2.    By Application (Paints & Coatings, Adhesives, Aerosols, and Others),4.2.3.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)4.2.4.    By Company (2022)4.3.  Market Map4.3.1.    By Type4.3.2.    By Application4.3.3.    By Region

    1. North America Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

    5.1.  Market Size & Forecast        5.1.1.    By Value & Volume5.2.  Market Share & Forecast5.2.1.    By Type5.2.2.    By Application5.2.3.    By Country5.3.  Pricing Analysis5.4.  North America: Country Analysis5.4.1.    United States Aliphatic Hydrocarbon Solvents & Thinners Market Outlook5.4.1.1.        Market Size & Forecast5.4.1.1.1.            By Value & Volume5.4.1.2.        Market Share & Forecast5.4.1.2.1.            By Type5.4.1.2.2.            By Application5.4.2.    Mexico Aliphatic Hydrocarbon Solvents & Thinners Market Outlook5.4.2.1.        Market Size & Forecast5.4.2.1.1.            By Value & Volume5.4.2.2.        Market Share & Forecast5.4.2.2.1.            By Type5.4.2.2.2.            By Application5.4.3.    Canada Aliphatic Hydrocarbon Solvents & Thinners Market Outlook5.4.3.1.        Market Size & Forecast5.4.3.1.1.            By Value & Volume5.4.3.2.        Market Share & Forecast5.4.3.2.1.            By Type5.4.3.2.2.            By Application

    1. Europe Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

    6.1.  Market Size & Forecast        6.1.1.    By Value & Volume6.2.  Market Share & Forecast6.2.1.    By Type6.2.2.    By Application6.2.3.    By Country6.3.  Pricing Analysis6.4.  Europe: Country Analysis6.4.1.    Germany Aliphatic Hydrocarbon Solvents & Thinners Market Outlook6.4.1.1.        Market Size & Forecast6.4.1.1.1.            By Value & Volume6.4.1.2.        Market Share & Forecast6.4.1.2.1.            By Type6.4.1.2.2.            By Application6.4.2.    Spain Aliphatic Hydrocarbon Solvents & Thinners Market Outlook6.4.2.1.        Market Size & Forecast6.4.2.1.1.            By Value & Volume6.4.2.2.        Market Share & Forecast6.4.2.2.1.            By Type6.4.2.2.2.            By Application6.4.3.    United Kingdom Aliphatic Hydrocarbon Solvents & Thinners Market Outlook6.4.3.1.        Market Size & Forecast6.4.3.1.1.            By Value & Volume6.4.3.2.        Market Share & Forecast6.4.3.2.1.            By Type6.4.3.2.2.            By Application6.4.4.    France Aliphatic Hydrocarbon Solvents & Thinners Market Outlook6.4.4.1.        Market Size & Forecast6.4.4.1.1.            By Value & Volume6.4.4.2.        Market Share & Forecast6.4.4.2.1.            By Type6.4.4.2.2.            By Application6.4.5.    Italy Aliphatic Hydrocarbon Solvents & Thinners Market Outlook6.4.5.1.        Market Size & Forecast6.4.5.1.1.            By Value & Volume6.4.5.2.        Market Share & Forecast6.4.5.2.1.            By Type6.4.5.2.2.            By Application6.4.6.    Russia Aliphatic Hydrocarbon Solvents & Thinners Market Outlook6.4.6.1.        Market Size & Forecast6.4.6.1.1.            By Value & Volume6.4.6.2.        Market Share & Forecast6.4.6.2.1.            By Type6.4.6.2.2.            By Application

    1. Asia-Pacific Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

    7.1.  Market Size & Forecast        7.1.1.    By Value & Volume7.2.  Market Share & Forecast7.2.1.    By Type7.2.2.    By Application7.2.3.    By Country7.3.  Pricing Analysis7.4.  Asia-Pacific: Country Analysis7.4.1.    China Aliphatic Hydrocarbon Solvents & Thinners Market Outlook7.4.1.1.        Market Size & Forecast7.4.1.1.1.            By Value & Volume7.4.1.2.        Market Share & Forecast7.4.1.2.1.            By Type7.4.1.2.2.            By Application7.4.2.    Japan Aliphatic Hydrocarbon Solvents & Thinners Market Outlook7.4.2.1.        Market Size & Forecast7.4.2.1.1.            By Value & Volume7.4.2.2.        Market Share & Forecast7.4.2.2.1.            By Type7.4.2.2.2.            By Application7.4.3.    India Aliphatic Hydrocarbon Solvents & Thinners Market Outlook7.4.3.1.        Market Size & Forecast7.4.3.1.1.            By Value & Volume7.4.3.2.        Market Share & Forecast7.4.3.2.1.            By Type7.4.3.2.2.            By Application7.4.4.    South Korea Aliphatic Hydrocarbon Solvents & Thinners Market Outlook7.4.4.1.        Market Size & Forecast7.4.4.1.1.            By Value & Volume7.4.4.2.        Market Share & Forecast7.4.4.2.1.            By Type7.4.4.2.2.            By Application7.4.5.    Australia Aliphatic Hydrocarbon Solvents & Thinners Market Outlook7.4.5.1.        Market Size & Forecast7.4.5.1.1.            By Value & Volume7.4.5.2.        Market Share & Forecast7.4.5.2.1.            By Type7.4.5.2.2.            By Application

    1. South America Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

    8.1.  Market Size & Forecast        8.1.1.    By Value & Volume8.2.  Market Share & Forecast8.2.1.    By Type8.2.2.    By Application8.2.3.    By Country8.3.  Pricing Analysis8.4.  South America: Country Analysis8.4.1.    Brazil Aliphatic Hydrocarbon Solvents & Thinners Market Outlook8.4.1.1.        Market Size & Forecast8.4.1.1.1.            By Value & Volume8.4.1.2.        Market Share & Forecast8.4.1.2.1.            By Type8.4.1.2.2.            By Application8.4.2.    Colombia Aliphatic Hydrocarbon Solvents & Thinners Market Outlook8.4.2.1.        Market Size & Forecast8.4.2.1.1.            By Value & Volume8.4.2.2.        Market Share & Forecast8.4.2.2.1.            By Type8.4.2.2.2.            By Application8.4.3.    Argentina Aliphatic Hydrocarbon Solvents & Thinners Market Outlook8.4.3.1.        Market Size & Forecast8.4.3.1.1.            By Value & Volume8.4.3.2.        Market Share & Forecast8.4.3.2.1.            By Type8.4.3.2.2.            By Application

    1. Middle East and Africa Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

    9.1.  Market Size & Forecast        9.1.1.    By Value & Volume9.2.  Market Share & Forecast9.2.1.    By Type9.2.2.    By Application9.2.3.    By Country9.3.  Pricing Analysis9.4.  MEA: Country Analysis9.4.1.    South Africa Aliphatic Hydrocarbon Solvents & Thinners Market Outlook9.4.1.1.        Market Size & Forecast9.4.1.1.1.            By Value & Volume9.4.1.2.        Market Share & Forecast9.4.1.2.1.            By Type9.4.1.2.2.            By Application9.4.2.    Saudi Arabia Aliphatic Hydrocarbon Solvents & Thinners Market Outlook9.4.2.1.        Market Size & Forecast9.4.2.1.1.            By Value & Volume9.4.2.2.        Market Share & Forecast9.4.2.2.1.            By Type9.4.2.2.2.            By Application9.4.3.    UAE Aliphatic Hydrocarbon Solvents & Thinners Market Outlook9.4.3.1.        Market Size & Forecast9.4.3.1.1.            By Value & Volume9.4.3.2.        Market Share & Forecast9.4.3.2.1.            By Type9.4.3.2.2.            By Application  

    1. Market Dynamics

    10.1.             Drivers10.2.             Challenges

    1. Market Trends & Developments

    11.1.             Intense investment for ongoing R&D11.2.             Product launch11.3.             Merger and Acquisition

    1. Global Aliphatic Hydrocarbon Solvents & Thinners Market: SWOT AnalysisPorter’s Five Forces Analysis

    13.1.             Competition in the Industry13.2.             Potential of New Entrants13.3.             Power of Suppliers13.4.             Power of Customers13.5.             Threat of Substitute Product

    1. Competitive Landscape

    14.1.             Business Overview14.2.             Product Offerings14.3.             Recent Developments14.4.             Financials (In Case of Listed Companies)14.5.             Key Personnel14.6.             SWOT Analysis14.6.1. Exxonmobil Chemical Co.14.6.2. SK Geo Centric Co Ltd14.6.3. Shell PLC14.6.4. Calumet Specialty Products Partners, L.P.14.6.5. Gotham Industries Inc.14.6.6. Gulf Chemicals & Industrial Oils Co.14.6.7. Recochem Inc.14.6.8. Haltermann Carless UK Ltd14.6.9. W.M. Barr & Company Inc14.6.10.               Hohman Plating & Manufacturing LLC

    1. Strategic Recommendations