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

By Physical State;

Liquid and Solid

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 End Use;

Paint and Coatings Industry, Automotive Industry, Construction Industry, Manufacturing Industry, and Chemical Industry

By Geography;

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

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 Period2025 - 2031
Base Year2024
CAGR (%)5.0 %
Market Size (2024)USD 5,638.69 Million
Market Size (2031)USD 7,934.20 Million
Market ConcentrationMedium
Report Pages311
5,638.69
2024
7,934.20
2031

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Physical State
    2. Market Snapshot, By Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. 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. Aliphatic Solvents & Thinners Market, By Physical State, 2021 - 2031 (USD Million)
      1. Liquid
      2. Solid
    2. Aliphatic Solvents & Thinners Market, By Type, 2021 - 2031 (USD Million)
      1. Varnish Makers’ & Painters’ Naphtha
      2. Mineral Spirits
      3. Hexane
      4. Heptane
      5. Others.
    3. 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
    4. Aliphatic Solvents & Thinners Market, By End Use, 2021 - 2031 (USD Million)
      1. Paint and Coatings Industry
      2. Automotive Industry
      3. Construction Industry
      4. Manufacturing Industry
      5. Chemical Industry
    5. 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(Association of South East Asian Countries)
        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