Report Description

Global Aliphatic Hydrocarbon Solvents & Thinners Market By Type (Varnish Makers & Painter’s Naphtha, Hexane, Mineral Spirits, Heptane & Others), By Application (Paints & Coatings, Adhesives, Aerosols & Others), By Region, Competition, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Chemicals

Global aliphatic hydrocarbon solvents and thinners market is projected to grow from $ 4.48 billion in 2018 to $ 5.18 billion by 2024, growing at a CAGR of 5.7%. Global aliphatic hydrocarbon solvents & thinners market is driven primarily by replacement of turpentine by mineral spirits. However, the market is facing challenges as manufacturers are switching to various green solvents as they are eco-friendly. Furthermore, environmental regulations are one of the major hinderances for aliphatic hydrocarbon solvents & thinners market as these hydrocarbons comprise several volatile organic compounds (VOCs) which are harmful for both environment as well as human health.

On the basis of type, global aliphatic hydrocarbon solvents & thinners market can be segmented into mineral spirits, hexane, varnish makers & painter’s naphtha, heptane and others. Varnish makers & painter’s naphtha is anticipated to grow at the highest CAGR during the forecast period owing to their extensive use as these solvents can be used with many oil-type paints, varnishes and enamels which aid in providing good product finishing. Based on application, global aliphatic hydrocarbon solvents & thinners market is categorized into paints & coatings, cleaning & degreasing, adhesives, aerosols, rubber & polymer, printing inks, and others. The market for paints & coatings is expected to grow at the fastest CAGR during forecast period owing to their high demand backed by growing building & construction industry, particularly in the developing regions.

Among regions, Asia-Pacific aliphatic hydrocarbon solvents & thinners market is anticipated to grow at the highest CAGR during the forecast period. The growth of this region is led by high demand from paints & coatings application segment as well as absence of strict regulations in the region.

Some of the key players operating in global aliphatic hydrocarbon solvents & thinners market include, Exxonmobil Chemical, SK Global Chemical Co. Ltd., Royal Dutch Shell PLC, Calumet Specialty Products Partners, Gotham Industries, Gulf Chemicals and Industrial Oils Company, Recochem Inc., Haltermann Carless, W.M. Barr & Company Inc., Hohman Plating & Manufacturing LLC, IHI Ionbond AG, among others.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast global aliphatic hydrocarbon solvents & thinners market size.
  • To forecast global aliphatic hydrocarbon solvents & thinners market based on type, application and regional distribution.
  • To identify drivers and challenges for global aliphatic hydrocarbon solvents & thinners market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global aliphatic hydrocarbon solvents & thinners market.
  • To conduct pricing analysis for aliphatic hydrocarbon solvents & thinners market.
  • To identify and analyze the profile of leading players involved in the manufacturing of aliphatic hydrocarbon solvents & thinners.


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Some of the leading players in global aliphatic hydrocarbon solvents & thinners market are Exxonmobil Chemical, SK Global Chemical Co. Ltd., Royal Dutch Shell PLC, Calumet Specialty Products Partners, Gotham Industries, Gulf Chemicals and Industrial Oils Company, Recochem Inc., Haltermann Carless, W.M. Barr & Company Inc., Hohman Plating & Manufacturing LLC, IHI Ionbond AG, among others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global aliphatic hydrocarbon solvents & thinners market.

TechSci Research calculated global aliphatic hydrocarbon solvents & thinners market size using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Aliphatic hydrocarbon solvents & thinners manufacturers and suppliers
  • Government and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

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

  • Market, By Type:
    • Varnish Makers & Painter’s Naphtha
    • Hexane
    • Mineral Spirits
    • Heptane
    • Others
  • Market, By Application:
    • Paints & Coatings
    • Adhesives
    • Aerosols
    • Cleaning & Degreasing
    • Rubber & Polymer
    • Others
  • Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Singapore
    • Europe
      • United Kingdom
      • Italy
      • France
      • Germany
      • Russia
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in 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).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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