The global aliphatic hydrocarbon solvents & thinners market is set to expand steadily over the coming years. According to industry estimates, the market size was USD 4.10 billion in 2024 and is projected to reach USD 5.58 billion by 2032, growing at a CAGR of 3.94% during the forecast period of 2025–2032.
The U.S. Aliphatic Hydrocarbon Solvents & Thinners Market is also witnessing strong momentum, with its valuation expected to increase from USD 830 million in 2024 to USD 1.244 billion by 2032, registering a CAGR of 5.20%. This growth reflects rising demand across industries such as paints & coatings, adhesives, printing inks, and cleaning products.
Key Market Drivers:
- Growing Demand in Paints & Coatings:
Aliphatic hydrocarbon solvents and thinners are widely used in paints and coatings formulations for their excellent dissolving properties and fast-drying characteristics. Expanding construction and infrastructure projects worldwide are fueling demand in this segment.
- Industrial and Automotive Applications:
The market is being driven by increasing adoption in the automotive sector for degreasing, cleaning, and paint-related applications. Industrial usage in adhesives, rubber processing, and chemical manufacturing further supports growth.
- Shift Toward Environmentally Safer Solutions:
Stricter environmental regulations and consumer preference for low-VOC (volatile organic compound) formulations are pushing manufacturers to innovate and develop more eco-friendly solvent and thinner solutions.
- U.S. Market Momentum and Retrofitting Trends:
In the U.S., demand is particularly strong due to the replacement and retrofitting of solvent-based systems in both industrial and consumer applications. The rising automotive refinishing and home improvement trends are further propelling market growth.
Key Players
- ExxonMobil Corporation
- Royal Dutch Shell Plc
- TotalEnergies SE
- Chevron Phillips Chemical Company
- LyondellBasell Industries Holdings B.V.
- Recochem Inc.
- BASF SE
- Calumet Specialty Products Partners, L.P.
- Gotham Industries
- M. Barr & Company, Inc.
Conclusion:
The aliphatic hydrocarbon solvents & thinners market is positioned for consistent growth, backed by rising demand in construction, automotive, and industrial sectors. With sustainability and performance at the forefront, manufacturers that deliver high-quality, eco-conscious solvent solutions will be well-placed to lead the market’s expansion in the coming years.
Contact Us:
Jagney Dave - Vice President of Client Engagement
Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)
Related Reports
Tramadol Market
Naphthalene Derivatives Market
Thrombosis & Hemostasis Biomarkers Market
Myocarditis Treatment Market
Locked
