Global Aliphatic Solvents & Thinners Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Physical State;
Liquid and SolidBy Type;
Varnish Makers’ & Painters’ Naphtha, Mineral Spirits, Hexane, Heptane, and OthersBy Application;
Paints & Coatings, Cleaning & Degreasing, Adhesives, Aerosols, Rubbers & Polymers, Printing Inks, and OthersBy End Use;
Paint and Coatings Industry, Automotive Industry, Construction Industry, Manufacturing Industry, and Chemical IndustryBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Aliphatic Solvents & Thinners Market Overview
Aliphatic Solvents & Thinners Market (USD Million)
Aliphatic Solvents & Thinners Market was valued at USD 5,638.69 million in the year 2024. 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%.
Global Aliphatic Solvents & Thinners Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 5.0 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.0 % |
Market Size (2024) | USD 5,638.69 Million |
Market Size (2031) | USD 7,934.20 Million |
Market Concentration | Medium |
Report Pages | 311 |
Major Players
- Exxonmobil Chemical, Inc.
- SK Global Chemical Co. Ltd.
- Royal Dutch Shell Plc
- Calumet Specialty Products Partners, L.P.
- Gotham Industries
- Gulf Chemicals and Industrial Oils Company
- Recochem Inc.
- HCS Group
- W.M. Barr
- Honeywell International Inc.
- BASF SE
- Lyondellbasell Industries N.V.
- Ganga Rasayanie (P) Ltd
- Noco Energy Corporation
- Gadiv Petrochemical Industries Ltd.
- Hunt Refining Company
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Aliphatic Solvents & Thinners Market
Fragmented - Highly competitive market without dominant players
The Aliphatic Solvents & Thinners Market is witnessing consistent growth, driven by its essential role in various industrial processes. Known for their efficiency in dissolving greases, resins, and oils, these petroleum-based solvents are widely used in cleaning and degreasing operations. Currently, around 40% of industrial maintenance tasks utilize aliphatic solvents due to their quick-drying and strong solvency properties.
High Utilization in Paints and Coatings
A significant portion of market demand originates from the paints and coatings industry, contributing more than 50% of total solvent consumption. These solvents enhance paint formulation, enabling better application and faster drying. Increasing demand for solvent-based coatings from the construction and infrastructure sectors is further strengthening their usage across multiple domains.
Customized Solutions Enhancing Application Efficiency
The trend toward customized solvent blends is gaining momentum, offering specialized performance characteristics for diverse industrial applications. About 25% of users now opt for tailored formulations to optimize solvency, evaporation rate, and overall functionality. These advancements are improving end-user satisfaction and driving innovation within the market.
Broad Industry Adoption Ensuring Stable Demand
The diverse utility of aliphatic solvents across construction, automotive, and industrial cleaning continues to anchor their relevance. Their versatility and reliability ensure a positive growth outlook for the foreseeable future.
Aliphatic Solvents & Thinners Market Recent Developments
- In September 2020, Lyondellbasell Industries Holdings B.V. (Netherlands) entered into an agreement with Liaoning Bora Enterprise Group (China) and established a new polyolefin complex in the Liaoning province of northeastern China. The facility has a capacity of 1.1 million metric tons per annum, a flexible naphtha/LPG cracker, an associated polyethylene production capacity of 800,000 metric tons per annum, and 600,000 metric tons per annum of polypropylene.
- In May 2019, Calumet Specialty Product Partners, L.P acquired Biosynthetic Technologies, LLC. The acquisition of Biosynthetic Technologies, LLC, and its technological capabilities, is in alignment with Calumet’s Specialty Products’ focused growth strategy. Furthermore, the company also announced opening a new R&D facility in Indianapolis. This development is expected to create synergy to offer a competitive edge in the aliphatic hydrocarbon solvents & thinners market in the North America region.
Aliphatic Solvents & Thinners Market Segment Analysis
In this report, the Aliphatic Solvents & Thinners Market has been segmented by Physical state, Type, Application, End Use, and Geography.
Aliphatic Solvents & Thinners Market, Segmentation by Physical state
The Aliphatic Solvents & Thinners Market has been segmented by Physical state into Liquid, and Solid.
Liquid
The liquid segment dominates the aliphatic solvents & thinners market due to its widespread application in paints & coatings, adhesives, and cleaning solutions. These solvents offer superior solvency power and are easier to blend with various formulations, making them the preferred choice in industrial and commercial settings. In 2024, the liquid form accounted for approximately 91% of the global market share.
Solid
Solid aliphatic solvents & thinners are used in niche applications where controlled evaporation rates and specialized handling are required. They are less common but are gaining attention for specific eco-friendly formulations and low-VOC requirements. As of 2024, the solid segment held a modest share of about 9% of the total market.
Aliphatic Solvents & Thinners Market, Segmentation by Type
The Aliphatic Solvents & Thinners Market has been segmented by Type into Varnish Makers & Painters Naphtha, Mineral Spirits, Hexane, Heptane and Others.
Varnish Makers & Painters Naphtha
Varnish Makers & Painters Naphtha (VM&P Naphtha) is widely used in paints, coatings, and degreasing applications due to its quick evaporation rate and effective solvent action. It is favored in both industrial and DIY use for its versatility. In 2024, this segment accounted for approximately 33% of the global aliphatic solvents & thinners market.
Mineral Spirits
Mineral spirits are among the most commonly used aliphatic solvents, particularly in paint thinning, cleaning, and metal degreasing. They offer a balanced performance between solvency and cost, making them ideal for large-scale applications. As of 2024, mineral spirits held around 29% of the total market share.
Hexane
Hexane is widely utilized in adhesive formulation, rubber manufacturing, and oil extraction due to its non-polar properties and high solvent efficiency. Its usage is carefully regulated owing to environmental and health concerns. In 2024, hexane contributed nearly 16% to the global market.
Heptane
Heptane is gaining traction in laboratories and pharmaceutical applications for its purity and controlled evaporation behavior. It is also used as a non-polar solvent in various chemical processes. In 2024, the heptane segment accounted for approximately 11% of the market.
Others
The “Others” category includes specialty aliphatic solvents used in printing inks, automotive fluids, and special coatings. Although smaller in share, this segment supports custom formulations and niche industry needs. It represented about 11% of the market in 2024.
Aliphatic Solvents & Thinners Market, Segmentation by Application
The Aliphatic Solvents & Thinners Market has been segmented by Application into Paints & Coatings, Cleaning & Degreasing, Adhesives, Aerosols, Rubbers & Polymers, Printing Inks and Others.
Paints & Coatings
The paints & coatings segment dominates the aliphatic solvents & thinners market due to widespread usage in decorative paints, automotive coatings, and industrial finishes. These solvents help achieve the desired viscosity and ensure smooth application. In 2024, this application segment accounted for approximately 41% of the global market share.
Cleaning & Degreasing
Aliphatic solvents are essential in metal degreasing, equipment cleaning, and surface preparation due to their excellent solvency power. Industries such as automotive and machinery maintenance heavily rely on these solutions. In 2024, this segment held about 22% of the market.
Adhesives
In the adhesives industry, aliphatic solvents are used to modify tack, spreadability, and drying time. Their compatibility with various polymers enhances formulation flexibility. The adhesives segment represented around 12% of the global market in 2024.
Aerosols
Aliphatic solvents are commonly employed in aerosol formulations for household, automotive, and industrial use. Their fast evaporation rate and low toxicity make them suitable for propellant systems. As of 2024, the aerosols segment accounted for approximately 9% of the market.
Rubbers & Polymers
These solvents are used in the processing and production of synthetic rubbers and polymeric compounds for enhanced solubility and processing efficiency. This segment contributed about 7% to the total market share in 2024.
Printing Inks
In the printing industry, aliphatic solvents serve as effective carriers for pigments and dyes, helping achieve fast drying times and clean application on various substrates. This segment held nearly 5% of the market in 2024.
Others
The “Others” category includes applications in agrochemicals, sealants, and lubricant formulations. Though niche, these uses provide steady demand and contributed approximately 4% to the global market in 2024.
Aliphatic Solvents & Thinners Market, Segmentation by End Use
The Aliphatic Solvents & Thinners Market has been segmented by End Use into Paint and Coatings Industry, Automotive Industry, Construction Industry, Manufacturing Industry, and Chemical Industry.
Paint and Coatings Industry
The paint and coatings industry is the leading end user of aliphatic solvents & thinners, leveraging them for viscosity control, smooth film formation, and even application in a wide range of coatings. This segment dominates due to high demand in architectural, automotive, and industrial coatings. In 2024, it accounted for approximately 44% of the global market.
Automotive Industry
In the automotive industry, aliphatic solvents are used in vehicle painting, cleaning of metal components, and surface degreasing. Their role in ensuring paint adhesion and durability drives steady demand. As of 2024, this segment held around 21% of the market share.
Construction Industry
The construction industry uses aliphatic solvents in protective coatings, adhesives, and sealants. Growth in residential and commercial infrastructure development supports increased usage. This segment contributed approximately 14% to the market in 2024.
Manufacturing Industry
Manufacturers across sectors rely on aliphatic solvents for cleaning equipment, surface preparation, and component finishing. Their effectiveness in degreasing and solvent blending enhances operational efficiency. In 2024, this segment represented about 12% of the market.
Chemical Industry
The chemical industry uses aliphatic solvents as reaction media, diluents, and carriers in various formulations. Their chemical stability and compatibility with organic compounds support their adoption. This segment accounted for nearly 9% of the global market in 2024.
Aliphatic Solvents & Thinners Market, Segmentation by Geography
In this report, the Aliphatic Solvents & Thinners Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Aliphatic Solvents & Thinners Market Share (%), by Geographical Region
North America
North America holds a significant share of the aliphatic solvents & thinners market, driven by strong demand from the automotive, paint & coatings, and construction industries. The presence of major manufacturers and strict regulatory compliance regarding VOC content also shape market dynamics. In 2024, the region accounted for approximately 27% of the global market.
Europe
Europe’s market is influenced by stringent environmental regulations and growing demand for eco-friendly solvents. Despite regulatory pressure, the region continues to see steady consumption in industrial applications and specialty coatings. Europe represented about 22% of the market share in 2024.
Asia Pacific
Asia Pacific leads the global market due to rapid industrialization, booming construction activity, and expanding automotive manufacturing in countries like China, India, and Japan. The region benefits from cost-effective production and rising consumer demand. In 2024, it captured the largest share at approximately 38%.
Middle East and Africa
The Middle East and Africa market is growing steadily, supported by infrastructure projects, industrial coatings demand, and increasing use of solvents in the oil & gas sector. In 2024, this region contributed around 7% to the global aliphatic solvents & thinners market.
Latin America
Latin America is seeing moderate growth, fueled by recovery in the construction industry and rising consumption in automotive refinishing and paints & coatings. Countries like Brazil and Mexico are key contributors. As of 2024, the region accounted for about 6% of the global market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Aliphatic Solvents & Thinners Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Rising Demand in Paints and Coatings
- Industrialization and Urbanization in Emerging Markets
-
Growth in Automotive and Aerospace Sectors-The growth in the automotive and aerospace sectors significantly drives the demand for aliphatic solvents and thinners, as these industries extensively use these chemicals in various applications. In the automotive sector, aliphatic solvents are crucial in the formulation of paints, coatings, and adhesives. They provide excellent solvency power, ensuring smooth application and uniform coating on vehicle surfaces. With the increasing production of automobiles, driven by rising consumer demand and technological advancements, the need for high-quality coatings and adhesives has surged, subsequently boosting the demand for aliphatic solvents and thinners. Additionally, the shift towards electric vehicles (EVs) and the development of lightweight materials further enhance the application of these solvents in advanced automotive manufacturing processes.
The aerospace industry relies heavily on aliphatic solvents and thinners for maintaining and manufacturing aircraft. These solvents are used for cleaning, degreasing, and preparing surfaces before painting and coating applications. The aerospace sector's growth, fueled by increasing air travel demand, defense spending, and advancements in aircraft technology, has led to a higher consumption of these solvents. The need for durable and high-performance coatings to protect aircraft from harsh environmental conditions also contributes to the rising demand. As both the automotive and aerospace industries continue to expand and innovate, the market for aliphatic solvents and thinners is poised for significant growth, driven by the critical role these chemicals play in ensuring the quality and efficiency of manufacturing and maintenance processes.
Restraints:
- Volatility in Raw Material Prices
- Stringent Environmental and Safety Regulations
-
Availability of Substitute Products-The availability of substitute products poses a significant restraint on the growth of the global aliphatic solvents and thinners market. Industries that traditionally rely on aliphatic solvents and thinners are increasingly exploring and adopting alternative products due to various reasons, including cost, environmental concerns, and regulatory pressures. For instance, water-based solvents and other eco-friendly alternatives are gaining popularity as they offer similar performance characteristics without the associated health and environmental risks of traditional aliphatic solvents. These substitutes are particularly attractive in regions with stringent environmental regulations that limit the use of volatile organic compounds (VOCs).
Technological advancements in solvent formulation have led to the development of high-performance synthetic and bio-based solvents. These alternatives not only meet the growing demand for sustainable and less hazardous products but also often provide enhanced properties such as faster drying times, lower odor, and better compatibility with various materials. As industries such as automotive, aerospace, and manufacturing continue to prioritize sustainability and regulatory compliance, the preference for these substitute products over traditional aliphatic solvents is expected to rise. This shift could potentially limit the market growth for aliphatic solvents and thinners, compelling manufacturers to innovate and adapt to the changing market dynamics.
Opportunities:
- Development of Bio-Based Solvents
- Expansion into Untapped Regional Markets
-
Strategic Partnerships and Collaborations-Strategic partnerships and collaborations present significant opportunities for growth in the global aliphatic solvents and thinners market. By partnering with other companies, research institutions, and industry stakeholders, manufacturers can leverage combined expertise and resources to innovate and improve product offerings. Such collaborations can lead to the development of new formulations that are more environmentally friendly, cost-effective, and meet evolving industry standards. For instance, joint ventures with companies specializing in bio-based chemicals can result in the creation of sustainable solvent alternatives, addressing the increasing market demand for green products.
Strategic alliances can enhance market reach and penetration. Collaborating with global distributors and industry leaders can provide access to new markets, particularly in emerging economies where industrialization and urbanization are driving demand for high-quality solvents and thinners. These partnerships can also facilitate knowledge exchange and the adoption of best practices, improving operational efficiencies and reducing production costs. By fostering a collaborative approach, companies can stay competitive, drive innovation, and capitalize on new market opportunities, ultimately strengthening their position in the global aliphatic solvents and thinners market.
Competitive Landscape Analysis
Key players in Global Aliphatic Solvents & Thinners Market include;
- Exxonmobil Chemical, Inc.
- SK Global Chemical Co. Ltd.
- Royal Dutch Shell Plc
- Calumet Specialty Products Partners, L.P.
- Gotham Industries
- Gulf Chemicals and Industrial Oils Company
- Recochem Inc.
- HCS Group
- W.M. Barr
- Honeywell International Inc.
- BASF SE
- Lyondellbasell Industries N.V.
- Ganga Rasayanie (P) Ltd
- Noco Energy Corporation
- Gadiv Petrochemical Industries Ltd.
- Hunt Refining Company
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Physical State
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By End Use
- Market Snapshot, By Region
- Aliphatic Solvents & Thinners Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Demand in Paints and Coatings
- Industrialization and Urbanization in Emerging Markets
- Growth in Automotive and Aerospace Sectors
- Restraints
- Volatility in Raw Material Prices
- Stringent Environmental and Safety Regulations
- Availability of Substitute Products
- Opportunities
- Development of Bio-Based Solvents
- Expansion into Untapped Regional Markets
- Strategic Partnerships and Collaborations
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Aliphatic Solvents & Thinners Market, By Physical State, 2021 - 2031 (USD Million)
- Liquid
- Solid
- Aliphatic Solvents & Thinners Market, By Type, 2021 - 2031 (USD Million)
- Varnish Makers’ & Painters’ Naphtha
- Mineral Spirits
- Hexane
- Heptane
- Others.
- Aliphatic Solvents & Thinners Market, By Application, 2021 - 2031 (USD Million)
- Paints & Coatings
- Cleaning & Degreasing
- Adhesives
- Aerosols
- Rubbers & Polymers
- Printing Inks
- Others
- Aliphatic Solvents & Thinners Market, By End Use, 2021 - 2031 (USD Million)
- Paint and Coatings Industry
- Automotive Industry
- Construction Industry
- Manufacturing Industry
- Chemical Industry
- Aliphatic Solvents & Thinners Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN(Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Aliphatic Solvents & Thinners Market, By Physical State, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Exxonmobil Chemical, Inc.
- SK Global Chemical Co. Ltd.
- Royal Dutch Shell Plc
- Calumet Specialty Products Partners, L.P.
- Gotham Industries
- Gulf Chemicals and Industrial Oils Company
- Recochem Inc.
- HCS Group
- W.M. Barr
- Honeywell International Inc.
- BASF SE
- Lyondellbasell Industries N.V.
- Ganga Rasayanie (P) Ltd
- Noco Energy Corporation
- Gadiv Petrochemical Industries Ltd.
- Hunt Refining Company
- Company Profiles
- Analyst Views
- Future Outlook of the Market