Aliphatic Hydrocarbon Solvents Market Driven by Rising Demand in Paints & Coatings

Global Aliphatic Hydrocarbon Solvents and Thinners Market, By Type (Varnish Makers' and Painters' Naphtha, Mineral Spirits, Heptane, Others), Application (Paints and Coatings, Cleaning and Degreasing, Adhesives, Aerosols, Rubbers and Polymers, Printing Inks, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2031

The global aliphatic hydrocarbon solvents and thinners market size was valued at USD 3.88 billion in 2023, is projected to reach USD 5.51 billion by 2031, with a CAGR of 4.50% during the forecast period 2024 to 2031.

Explore Further Details about This Research Aliphatic Hydrocarbon Solvents and Thinners Market Share Report https://www.databridgemarketresearch.com/reports/global-aliphatic-hydrocarbon-solvents-and-thinners-market

**Segments**

- **By Type**: This segment includes mineral spirits, petroleum distillates, Varnish makers & painter's naphtha, Hexane, Heptane, and others. Mineral spirits are the most widely used aliphatic hydrocarbon solvents and thinners due to their versatility in various industrial applications such as paints & coatings, cleaning agents, adhesives, and more. Petroleum distillates are also significant in the market owing to their use as solvents in printing inks, rubber, and as carriers in agricultural chemicals. Varnish makers & painter's naphtha are commonly used in the paint industry. Hexane and Heptane are primarily used in pharmaceuticals, rubber manufacturing, and as solvents in laboratories and industrial processes.

- **By Application**: The market can be segmented into paints & coatings, cleaning & degreasing, extraction solvent, adhesives, aerosols, rubbers & polymers, and others. The paints & coatings segment is the largest application sector for aliphatic hydrocarbon solvents and thinners, driven by the growing construction and automotive industries globally. Cleaning & degreasing applications are witnessing substantial growth due to the increasing demand for industrial cleaning solutions in manufacturing units. Extraction solvent applications are prominent in the pharmaceutical and food industries. Adhesives, aerosols, and rubbers & polymers sectors also contribute significantly to the market growth.

- **By End-Use Industry**: This segment covers paints & coatings industry, chemicals industry, pharmaceuticals, cosmetics & personal care, automotive, rubber & plastics, printing inks, and others. The paints & coatings industry is the dominant end-user of aliphatic hydrocarbon solvents and thinners, as they are essential components in solvent-based paints. The chemicals industry utilizes these solvents in various processes such as extractions, distillations, and as reaction mediums. Pharmaceuticals use aliphatic hydrocarbon solvents in drug formulations and extractions. The automotive sectorThe global aliphatic hydrocarbon solvents and thinners market is experiencing significant growth and is expected to continue on a positive trajectory in the coming years. The market is segmented by type, application, and end-use industry, each playing a crucial role in shaping the overall industry landscape.

In terms of types, mineral spirits, petroleum distillates, varnish makers & painter's naphtha, hexane, and heptane are key categories within the aliphatic hydrocarbon solvents and thinners market. Mineral spirits stand out as the most widely used due to their versatility and diverse applications across various industries such as paints & coatings, cleaning agents, adhesives, and more. Petroleum distillates are also significant players in the market, finding use in printing inks, rubber applications, and as carriers in agricultural chemicals. Varnish makers & painter's naphtha are commonly utilized in the paint industry, while hexane and heptane have specific applications in pharmaceuticals, rubber manufacturing, and as solvents in laboratories and industrial processes.

Moving on to applications, the market can be segmented into paints & coatings, cleaning & degreasing, extraction solvent, adhesives, aerosols, rubbers & polymers, among others. The paints & coatings segment leads the way, driven by the expanding construction and automotive industries globally. Cleaning & degreasing applications are witnessing substantial growth as the demand for industrial cleaning solutions rises in manufacturing units. Extraction solvent applications are prominent in the pharmaceutical and food industries, while adhesives, aerosols, and rubbers & polymers sectors also play a crucial role in market growth.

Lastly, the end-use industry segment encompasses paints & coatings, chemicals, pharmaceuticals, cosmetics & personal care, automotive, rubber & plastics, printing inks, and other sectors. The paints & coatings industry is a key end-user, relying on aliphatic hydrocarbon solvents and thinners as essential components in solvent-based paints. The chemicals industry**Market Players:**

- ExxonMobil Corporation
- Royal Dutch Shell
- LANXESS
- Ashland
- Sasol
- Honeywell International Inc.
- BASF SE
- HCS Group
- Lyondellbasell Industries Holdings B.V.
- NOCO
- SK Global Chemical Co., Ltd.
- Calumet Specialty Products Partners, L.P.
- Gotham Industries
- Gulf Chemicals & Industrial Oils
- Recochem Inc.
- Ganga Rasayanie (P) Ltd.
- WM Barr
- Gadiv Petrochemical Industries Ltd.
- Hunt Refining Company
- SolvChem

The global aliphatic hydrocarbon solvents and thinners market is witnessing significant growth and is expected to maintain a positive trajectory in the years to come. The market is segmented based on type, application, and end-use industry, with each sector playing a crucial role in shaping the industry landscape. Mineral spirits, petroleum distillates, varnish makers & painter's naphtha, hexane, and heptane are key players in this market, with mineral spirits standing out as the most widely used due to their versatility across industries such as paints & coatings, cleaning agents, and adhesives. The paints & coatings segment leads the applications sector, fueled by the expanding construction and automotive industries globally.

Table Of Content

1 Introduction

1.1 Objectives Of The Study

1.2 Aliphatic Hydrocarbon Solvents and Thinners Market Definition

1.3 Overview

1.4 Limitations

1.5 Markets Covered

2 Aliphatic Hydrocarbon Solvents and Thinners Market Segmentation

2.1 Aliphatic Hydrocarbon Solvents and Thinners Market Covered

2.2 Geographical Scope

2.3 Years Considered For The Study

2.4 Currency And Pricing

2.5 Dbmr Tripod Data Validation Model

2.6 Multivariate Modeling

2.7 Primary Interviews With Key Opinion Leaders

2.8 Dbmr Aliphatic Hydrocarbon Solvents and Thinners Market Position Grid

2.9 Dbmr Vendor Share Analysis

2.1 Secondary Sources

2.11 Assumptions

3 Executive Summary.............

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