Global Aliphatic Solvents & Thinners Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Varnish Makers’ & Painters’ Naphtha, Mineral Spirits, Hexane, Heptane, and Others.

By Application;

Paints & Coatings, Cleaning & Degreasing, Adhesives, Aerosols, Rubbers & Polymers, Printing Inks, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn217544304 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Aliphatic Solvents & Thinners Market (USD Million), 2021 - 2031

In the year 2024, the Global Aliphatic Solvents & Thinners Market was valued at USD 5,638.69 million. The size of this market is expected to increase to USD 7,934.20 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The Global Aliphatic Solvents & Thinners Market encompasses a diverse array of chemical compounds used across various industries for their solvent properties. These solvents play a crucial role in dissolving or dispersing other substances to form solutions or suspensions, making them indispensable in applications ranging from paints and coatings to adhesives, cleaning agents, and pharmaceuticals. With their low toxicity, high solvency power, and compatibility with a wide range of materials, aliphatic solvents and thinners have become essential components in many industrial processes. The market for these solvents is characterized by continuous innovation, driven by the evolving needs of end-user industries and stringent regulatory requirements governing chemical safety and environmental impact.

This report provides a comprehensive analysis of the Global Aliphatic Solvents & Thinners Market, covering key segments, trends, and drivers shaping the industry landscape. By delving into the market's various segments, including solvent types, applications, and geographic regions, the report offers valuable insights into market dynamics, growth opportunities, and competitive trends. With a focus on revenue analysis for both historical and forecast periods, stakeholders gain a deeper understanding of market trends and are better equipped to make informed decisions regarding investments, product development, and market expansion strategies. As industries continue to seek safer, more sustainable solvent solutions, the Global Aliphatic Solvents & Thinners Market presents numerous opportunities for innovation and growth, positioning it as a crucial component of the global chemical industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Aliphatic Solvents & Thinners Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand in Paints and Coatings
        2. Industrialization and Urbanization in Emerging Markets
        3. Growth in Automotive and Aerospace Sectors
      2. Restraints
        1. Volatility in Raw Material Prices
        2. Stringent Environmental and Safety Regulations
        3. Availability of Substitute Products
      3. Opportunities
        1. Development of Bio-Based Solvents
        2. Expansion into Untapped Regional Markets
        3. Strategic Partnerships and Collaborations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aliphatic Solvents & Thinners Market, By Type, 2021 - 2031 (USD Million)
      1. Varnish Makers’ & Painters’ Naphtha
      2. Mineral Spirits
      3. Hexane
      4. Heptane
      5. Others.
    2. Global Aliphatic Solvents & Thinners Market, By Application, 2021 - 2031 (USD Million)
      1. Paints & Coatings
      2. Cleaning & Degreasing
      3. Adhesives
      4. Aerosols
      5. Rubbers & Polymers
      6. Printing Inks
      7. Others
    3. Global Aliphatic Solvents & Thinners Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Exxonmobil Chemical, Inc.
      2. SK Global Chemical Co. Ltd.
      3. Royal Dutch Shell Plc
      4. Calumet Specialty Products Partners, L.P.
      5. Gotham Industries
      6. Gulf Chemicals and Industrial Oils Company
      7. Recochem Inc.
      8. HCS Group
      9. W.M. Barr
      10. Honeywell International Inc.
      11. BASF SE
      12. Lyondellbasell Industries N.V.
      13. Ganga Rasayanie (P) Ltd
      14. Noco Energy Corporation
      15. Gadiv Petrochemical Industries Ltd.
      16. Hunt Refining Company
  7. Analyst Views
  8. Future Outlook of the Market