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Aliphatic Hydrocarbon Solvents and Thinners Market Size (2024 - 2029)

The Aliphatic Hydrocarbon Solvents and Thinners market is anticipated to experience growth during the forecast period, driven by their increasing use as diluents and thinners in paints and coatings. Despite facing challenges from stringent environmental regulations, the market is expected to expand due to the diverse applications of these solvents. The Asia-Pacific region leads in market consumption, with significant demand from countries like China, India, Japan, and ASEAN nations.

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Market Size of Aliphatic Hydrocarbon Solvents and Thinners Industry

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

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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Aliphatic Hydrocarbon Solvents and Thinners Market Size Summary

The Aliphatic Hydrocarbon Solvents and Thinners market is poised for growth, driven by their increasing application in paints and coatings, particularly as diluents and thinners. This demand is largely fueled by the expanding construction and automotive sectors, where these solvents are utilized not only in coatings but also as cleaning and degreasing agents. The Asia-Pacific region, led by countries such as China, India, and Japan, dominates the global market due to its substantial consumption and production capabilities. The region's growth is further supported by significant government investments in infrastructure and urban development, which enhance the demand for construction-related products, including aliphatic solvents.

Despite the positive growth trajectory, the market faces challenges from stringent environmental regulations that could impede its expansion. However, the diverse applications of aliphatic hydrocarbon solvents and thinners across various industries, including adhesives, sealants, and rubber manufacturing, continue to bolster market prospects. The market remains partially fragmented, with key players like Royal Dutch Shell, Recochem Inc, and Phillips 66 holding a marginal share. These companies, along with others, are instrumental in meeting the rising demand, particularly in the Asia-Pacific region, which is expected to maintain its dominance throughout the forecast period.

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Aliphatic Hydrocarbon Solvents and Thinners Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Application in Paints & Coatings as Diluents and Thinners

      2. 1.1.2 Growing Demand Owing to their Wide Range of Applications

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Aliphatic Hydrocarbon Solvent Type

      1. 2.1.1 Hexane

      2. 2.1.2 Heptane

      3. 2.1.3 Mineral Spirits

      4. 2.1.4 Gasoline

      5. 2.1.5 Others

    2. 2.2 Application

      1. 2.2.1 Paints & Coatings

      2. 2.2.2 Adhesives

      3. 2.2.3 Cleaning & Degreasing

      4. 2.2.4 Rubber Manufacturing

      5. 2.2.5 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Aliphatic Hydrocarbon Solvents and Thinners Market Size 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.

Aliphatic Hydrocarbon Solvents and Thinners Report Snapshots

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