Aliphatic Hydrocarbon Solvents & 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
*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 Market Trends
This section covers the major market trends shaping the Aliphatic Hydrocarbon Solvents & Thinners Market according to our research experts:
Growing Application in Paints & Coatings
- Aliphatic solvents are in the category of aliphatic compounds. Aliphatic solvents do not contain a benzene ring. They are mixtures of saturated, long straight chain (normal-paraffin), branched chain (iso-paraffin) or cyclic paraffins. These solvents are produced by the distillation of crude oil by the appropriate boiling point range fraction, and then are treated to improve their color and odor.
- The increasing buildings & construction sector is attributing to the growing application ofaliphatic solvents as thinners and diluents in paints and coatings thereby increasing its market.
- In addition to the construction adhesives, paints and coatings optimized for the construction industry, processors also use these solvents as cleaning and degreasing agents
- It is estimated that in United Kingdom around 27,000 - 50,000 new homes are built year-over-year from 2018 which in turn increases scope for this market
- Growing demand for paints and coatings from automotive sector and other industries are in turn increasing the application ofaliphatic hydrocarbon solvents and thinners
- Hence, growing application of paints & coatings in buildings & construction sector in countries like China, United Kingdom, United States, India, Japan are playing a major role in this market.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market foraliphatic hydrocarbon solvents and thinnersduring the forecast period. Due to the high demand application from countries like China, India and Japan the market foraliphatic hydrocarbon solvents and thinnershas been increasing.
- The largest producers of aliphatic hydrocarbon solvents and thinners are located in Asia-Pacific region. Some of the leading companies in the production of aliphatic hydrocarbon solvents and thinner are Royal Dutch Shell, Recochem Inc, Phillips 66, mg organics pvt. ltd
- In 2018, the Indian government has announced an investment worth USD 31,650 billion for the construction of 100 cities, under the smart cities plan. 100 smart cities and 500 cities are likely to invite investments worth INR 2 trillion (~USD 28.18 billion), over the coming five years creating scope for the application ofaliphatic hydrocarbon solvents and thinnersin paints andcoatings.
- The Chinese government has rolled out massive construction plans, including making provisions for the movement of 250 million people to its new megacities, over the next ten years creating a major scope for construction activity thereby increasing the market foraliphatic hydrocarbon solvents and thinnersover the coming years.
- Apart from paints & coatings these aliphatic hydrocarbon solvents and thinners are also used in adhesives & sealants, in rubber manufacturing and others which have multiple application in various end-user industries like automotive and others
- In automotive industry apart from paints and coatings thesealiphatic hydrocarbon solventsand thinners are used as cleansers and degreasing agents
- The aforementioned factors coupled with government support are contributing to the increasing demand for aliphatic hydrocarbon solvents and thinners market during the forecast period (2020-2025).
Aliphatic Hydrocarbon Solvents & Thinners Industry Overview
The global aliphatic hydrocarbon solvents and thinners market is partially fragmented with players accounting for a marginal share of the market. Few companies include are Royal Dutch Shell, Hunt Refining Company, Recochem Inc, Phillips 66, Gadiv Petrochemical Industries Ltd
Aliphatic Hydrocarbon Solvents & Thinners Market Leaders
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Royal Dutch Shell
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Hunt Refining Company
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Recochem Inc
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Phillips 66
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Gadiv Petrochemical Industries Ltd
*Disclaimer: Major Players sorted in no particular order
Aliphatic Hydrocarbon Solvents & Thinners Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Application in Paints & Coatings as Diluents and Thinners
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4.1.2 Growing Demand Owing to their Wide Range of Applications
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4.2 Restraints
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4.2.1 Stringent Environmental Regulations
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Aliphatic Hydrocarbon Solvent Type
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5.1.1 Hexane
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5.1.2 Heptane
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5.1.3 Mineral Spirits
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5.1.4 Gasoline
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5.1.5 Others
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5.2 Application
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5.2.1 Paints & Coatings
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5.2.2 Adhesives
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5.2.3 Cleaning & Degreasing
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5.2.4 Rubber Manufacturing
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5.2.5 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 Brenntag Canada, Inc.
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6.4.3 Calumet Specialty Products Partners, L.P
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6.4.4 Exxon Mobil Corporation
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6.4.5 Gadiv Petrochemical Industries Ltd
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6.4.6 Honeywell International Inc.
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6.4.7 Hunt Refining Company
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6.4.8 mg organics pvt. ltd
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6.4.9 Phillips 66
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6.4.10 Recochem Inc
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6.4.11 Royal Dutch Shell
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 | |||||||
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Aliphatic Hydrocarbon Solvents & Thinners Market Research FAQs
What is the current Aliphatic Hydrocarbon Solvents and Thinners Market size?
The Aliphatic Hydrocarbon Solvents and Thinners Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Aliphatic Hydrocarbon Solvents and Thinners Market?
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.
Which is the fastest growing region in Aliphatic Hydrocarbon Solvents and Thinners Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aliphatic Hydrocarbon Solvents and Thinners Market?
In 2024, the Asia Pacific accounts for the largest market share in Aliphatic Hydrocarbon Solvents and Thinners Market.
What years does this Aliphatic Hydrocarbon Solvents and Thinners Market cover?
The report covers the Aliphatic Hydrocarbon Solvents and Thinners Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aliphatic Hydrocarbon Solvents and Thinners Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aliphatic Hydrocarbon Solvents and Thinners Industry Report
The market for Aliphatic Hydrocarbon Solvents and Thinners is segmented by type, including Hexane, Heptane, Mineral Spirits, Gasoline, and others. The applications of these solvents span across various industries such as Paints & Coatings, Rubber Manufacturing, Cleaning & Degreasing, and Adhesives. Geographically, the market is analyzed across regions including Asia-Pacific, North America, Europe, South America, and the Middle-East and Africa.
The market growth is driven by the increasing demand in the aforementioned applications and regions. Market leaders are focusing on expanding their product portfolios to cater to the diverse needs of different industries. The market forecast suggests a positive outlook with significant growth rates expected over the forecast period.
Industry reports provide comprehensive industry analysis, covering market size, market share, and market trends. Industry research indicates that the market value is poised to increase, driven by advancements in product formulations and the growing need for efficient solvents and thinners. Market segmentation helps in understanding the specific demands and trends within each application and region.
Market data and industry statistics are crucial for market predictions and understanding the market outlook. Industry information and industry sales figures are essential for companies to strategize and position themselves in the market. The market review highlights the key market dynamics, including drivers, restraints, opportunities, and challenges.
Industry outlook and market overview provide a holistic view of the market, helping stakeholders make informed decisions. The market report and industry reports serve as valuable resources for market research, offering detailed insights and analysis. Market leaders leverage this information to maintain their competitive edge and drive market growth.
Sample reports and report PDFs are available for further reference, offering a snapshot of the market analysis and forecast. Research companies play a vital role in compiling and analyzing market data, ensuring accurate and reliable industry statistics.
In summary, the Aliphatic Hydrocarbon Solvents and Thinners market is characterized by robust growth, driven by diverse applications and regional demand. Market trends and industry research indicate a positive market outlook, with significant opportunities for market leaders and new entrants alike.
