Aliphatic Hydrocarbon Solvents & Thinners Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Application, By Region, and Competition, 2020-2030F

Description

The Global Aliphatic Hydrocarbon Solvents & Thinners Market, valued at USD 3.83 Billion in 2024, is projected to experience a CAGR of 4.96% to reach USD 5.12 Billion by 2030. Aliphatic hydrocarbon solvents and thinners are defined as organic compounds composed of carbon and hydrogen atoms linked in open, straight, branched, or cyclic chains, distinctly lacking a benzene ring. These petroleum-derived products function primarily as diluents, carriers, and cleaning agents across various industrial applications. The market's expansion is significantly driven by robust demand from the paints and coatings industry, particularly fueled by growth in the construction and automotive sectors.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 3.83 Billion
Market Size 2030	USD 5.12 Billion
CAGR 2025-2030	4.96%
Fastest Growing Segment	Varnish Makers & Painter's Naphtha
Largest Market	Asia Pacific

Key Market Drivers

The increasing demand from the paints and coatings industry stands as a primary growth driver for the global aliphatic hydrocarbon solvents and thinners market. These solvents are essential components in paint formulations, acting as diluents and carriers that ensure proper application and film formation. As architectural, industrial, and specialized coating applications expand, the need for these solvents inherently rises. According to World Paints and Coatings Industry Association, in January 2025, 'World's Top ten Paints Companies 2024 Annual Report', the global paints and coatings market reached a sales value of USD 188.8 billion in 2024, indicating a substantial market base for solvent suppliers.

Key Market Challenges

A significant challenge for the Global Aliphatic Hydrocarbon Solvents & Thinners Market stems from stringent global environmental regulations concerning Volatile Organic Compound (VOC) emissions and the potential toxicity of certain solvents. These regulatory frameworks compel manufacturers to undertake extensive product innovation and reformulation. This necessity often drives a direct shift away from traditional aliphatic hydrocarbon solvents towards lower-VOC or bio-based alternatives, directly constraining the market expansion for conventional offerings.

Key Market Trends

The market is significantly trending towards low-VOC and eco-friendly formulations, driven by heightened environmental awareness and evolving regulatory landscapes. This necessitates manufacturers to innovate and develop solvent products with reduced volatile organic compound content and those derived from sustainable or renewable sources. This transition is essential for minimizing environmental impact and ensuring compliance with stricter global standards, as TotalEnergies Fluids and Clariter announced the successful production of the world's first sustainable ultra-pure solvents derived from plastic waste in January 2023, following 18 months of joint research and development. Such advancements underscore a sustained industry commitment to providing more ecologically responsible and compliant solutions.

Key Market Players

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
Hohman Plating & Manufacturing LLC

Report Scope:

In this report, the 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 Naphtha
Hexane
Mineral Spirits
Heptane
Other

Aliphatic Hydrocarbon Solvents & Thinners Market, By Application:

Paints & Coatings
Adhesives
Aerosols
Others

Aliphatic Hydrocarbon Solvents & Thinners Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Aliphatic Hydrocarbon Solvents & Thinners Market.

Available Customizations:

Global Aliphatic Hydrocarbon Solvents & Thinners Market report 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:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Varnish Makers & Painter's Naphtha, Hexane, Mineral Spirits, Heptane, Other)
- 5.2.2. By Application (Paints & Coatings, Adhesives, Aerosols, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
5.3. Market Map

6. North America Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Application
- 6.3.2. Canada Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Application
- 6.3.3. Mexico Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Application

7. Europe Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Application
- 7.3.2. France Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Application
- 7.3.3. United Kingdom Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Application
- 7.3.4. Italy Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Application
- 7.3.5. Spain Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Application

8. Asia Pacific Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Application
- 8.3.2. India Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Application
- 8.3.3. Japan Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Application
- 8.3.4. South Korea Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Application
- 8.3.5. Australia Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Application

9. Middle East & Africa Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Application
- 9.3.2. UAE Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Application
- 9.3.3. South Africa Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Application

10. South America Aliphatic Hydrocarbon Solvents & Thinners Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Application
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Application
- 10.3.2. Colombia Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Application
- 10.3.3. Argentina Aliphatic Hydrocarbon Solvents & Thinners Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Aliphatic Hydrocarbon Solvents & Thinners Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Exxonmobil Chemical Co.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. SK Geo Centric Co Ltd
15.3. Shell PLC
15.4. Calumet Specialty Products Partners, L.P.
15.5. Gotham Industries Inc.
15.6. Gulf Chemicals & Industrial Oils Co.
15.7. Recochem Inc.
15.8. Haltermann Carless UK Ltd
15.9. W.M. Barr & Company Inc
15.10. Hohman Plating & Manufacturing LLC