Aliphatic Solvents Market
Aliphatic Solvents Market Analysis by Paints & Coatings, Adhesives, Aerosols, Printing Inks, and Rubbers & Polymers from 2023 to 2033
Analysis of Aliphatic Solvents Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Aliphatic Solvents Market Outlook (2023 to 2033)
The global aliphatic solvents market is set to estimate a valuation of US$ 2.1 billion in 2023 and it is anticipated to grow at a CAGR of 5.0% to reach US$ 3.4 billion by the end of 2033.
The global aliphatic solvents market showed a good response toward investors this is due to the fact that aliphatic solvents are being utilized by the automotive, oil & gas industries, and building & construction sectors. Expansion of the building & construction sector is one of the major points moving the worldwide aliphatic solvents market.
| Report Attributes | Details |
|---|---|
| Aliphatic Solvents Market Size (2022A) | US$ 2.0 Billion |
| Estimated Market Value (2023E) | US$ 2.1 Billion |
| Forecasted Market Value (2033F) | US$ 3.4 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.0% |
| Key Companies Profiled | Exxon Mobil Corp.; Ganga Rasayanie Private Limited; Gulf Chemical and Industrial Oils; HCS Group GmbH; Royal Dutch Shell Plc.; RB PRODUCTS INC.; Total S.A. |
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Historical Trends Vs Future Projections
Aliphatic solvents are organic compounds whose carbon particles are either straight or spread, connected in open chains, instead of having a benzene ring. Aliphatic solvents are a mixture of long straight chain (paraffin compounds), saturated, branched chain, or cyclic paraffin.
The origin of aliphatic solvents is crude oil; it is produced by distillation of crude oil which includes separating the compounds based on their boiling point. They are then treated to improve their shading and smell.
- Short Term (2023 to 2026): Growing demand from aliphatic solvents from paints and coatings, rubber manufacturing is driving the aliphatic solvents market.
- Medium Term (2026 to 2029): Extensive oil & gas exploration projects and steady demand for personal care products are set to augment the aliphatic solvents market growth, especially in North America and Asia Pacific regions.
- Long Term (2029 to 2033): Rising popularity of eco-friendly, bio-renewable, and bio-degradable printing inks and rising demand for anti-viral and anti-bacterial paints to drive aliphatic solvent demand in the long run.
Over the 2018 to 2022 historical period, the global aliphatic solvents market registered a CAGR of 3.1%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 5.0% CAGR between 2023 and 2033.
Market Dynamics Overview
“Growing Rubber Industry to Elevate Aliphatic Solvents Demand”
Accessibility of substitutes of turpentine like mineral spirits diversifies the portfolio of aliphatic solvents, and the usage of aliphatic hydrocarbon solvents is some of the significant drivers impelling the worldwide aliphatic solvents market.
Aliphatic solvents are used during the manufacturing process of rubber. The tire's components are held together by the solvent's adhesive properties, which also soften and clean each rubber layer. This improves performance and safety.
According to WRIO, global rubber production increased to 13.8 million tons in 2021. The demand for rubber is expected to increase due to the rising automotive industry, footwear industry, and other industries.
Aliphatic solvent demand is rising as a result of major rubber product manufacturers switching to recyclable production materials in response to growing sustainability concerns across the globe.
“Harmful Effects and Shift Towards Greener Alternatives to Obstruct Growth”
Personnel that is involved in the production process of thinners and aliphatic solvents frequently come into contact with solvents, which can be harmful to their nervous and respiratory systems. Organic solvents have become a desirable alternative for manufacturers of aliphatic solvents and thinners due to prohibitive regulations on the use of solvents.
Growing demand for eco-friendly solvents such as glycerol, ethanol, ethyl acetate, and d-limonene from cosmetics, medicine, paints and coatings, and adhesives manufacturers is likely to hamper the aliphatic solvents market growth.
Since aliphatic solvents are derived from petroleum, the rise in crude oil prices and increasing awareness regarding the harmful effects of extraction and purification of crude oil will have a negative effect on aliphatic solvents production and consumption.
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Country-wise Insights
Why is the U.S. a Huge Market for Aliphatic solvents?
The U.S. is one of the leading countries in global chemical production accounting for 15% of total output. Additionally, it comes among the world's top hydrocarbon exporters.
High oil & gas production in the US creates favorable opportunities for aliphatic solvent production. The majority of manufacturers have clustered their production bases here and prominently meet the global demand.
The U.S. continues to be a major contributor to the growth of the aliphatic solvents market due to the widespread use of aliphatic solvents in cleaning, degreasing, and printing ink applications.
The United States aliphatic solvents market will expand at a CAGR of 5.2% over the projected period.
What Makes China the Growth Epicenters for Aliphatic Solvents?
The Asia Pacific region currently accounts for the majority of the demand for aliphatic solvents due to the demand for paints and coatings that are used in building and construction, automotive, and other industries. China is the largest manufacturer of automobiles, and the Chinese market remains the growth epicenter for aliphatic solvents.
A strong chemical manufacturing sector and extensive infrastructural development, both public and private, are predicted to serve as the main growth levers for increased consumption throughout China.
Due to such favorable factors, China’s market for aliphatic solvents is expected to register a CAGR of 5.9% over the forecast.
Category-wise Insights
Which Application of Aliphatic Solvents Accounts for the Highest Demand?
The biggest demand for aliphatic solvents is from the paints and coatings industry, particularly in the building and construction, and automotive industries. Around 50% of aliphatic solvents are used in the manufacturing process of paints and coatings for automobile and construction purposes.
The popularity of odorless paints is greatly influenced by growing consumer demands. Mineral spirits, hexanes, and heptane are typical aliphatic hydrocarbon solvents used in paints and coatings. Demand for low and zero-VOC paint and coatings is rising due to rising awareness of the negative effects of VOCs and stringent environmental restrictions.
Due to all of these factors, the use of aliphatic solvents in paints and coatings is anticipated to grow at a CAGR of 5.4% over the forecast period.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Prominent aliphatic solvents manufacturers are Carolina International Sales Company Inc., Exxon Mobil Corp., Ganga Rasayanie Private Limited, Gulf Chemical and Industrial Oils, HCS Group GmbH, Royal Dutch Shell Plc., RB PRODUCTS INC., and Total S.A.
Market players are employing a combination of organic and inorganic techniques to increase their penetration into profitable areas. These strategies include the introduction of new products, joint ventures with significant players, partnerships, acquisitions, and the development of domestic and international distribution networks to reach out to more customers and gain high-profit margins.
Fact.MR has provided detailed information about the price points of key manufacturers of aliphatic solvents positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Aliphatic Solvents Industry Research
-
By Application :
- Paints & Coatings
- Cleaning & Degreasing
- Adhesives
- Aerosols
- Rubbers & Polymers
- Printing Inks
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Application
- 7.1. Paints & Coatings
- 7.2. Cleaning & Degreasing
- 7.3. Adhesives
- 7.4. Aerosols
- 7.5. Rubbers & Polymers
- 7.6. Printing Inks
- 7.7. Others
- 8. Global Market Analysis and Forecast, By Region
- 8.1. North America
- 8.2. Latin America
- 8.3. Europe
- 8.4. East Asia
- 8.5. South Asia & Oceania
- 8.6. Middle East & Africa
- 9. North America Market Analysis and Forecast
- 10. Latin America Market Analysis and Forecast
- 11. Europe Market Analysis and Forecast
- 12. East Asia Market Analysis and Forecast
- 13. South Asia & Oceania Market Analysis and Forecast
- 14. Middle East & Africa Market Analysis and Forecast
- 15. Country-level Market Analysis and Forecast
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Carolina International Sales Company Inc.
- 17.2. Exxon Mobil Corp.
- 17.3. Gadiv Petrochemical Industries Ltd.
- 17.4. Ganga Rasayanie Private Limited
- 17.5. Gulf Chemical and Industrial Oils
- 17.6. HCS Group GmbH
- 17.7. Pon Pure Chemicals Group
- 17.8. Recochem Inc.
- 17.9. Royal Dutch Shell Plc.
- 17.10. RB PRODUCTS INC.
- 17.11. Total S.A.
- 17.12. Other Players
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million), By Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast By Region, 2023 to 2033
Table 03. Global Market Volume (Tons), By Region, 2018 to 2022
Table 04. Global Market Volume (Tons) and Forecast By Region, 2023 to 2033
Table 05. Global Market Value (US$ million), By Application, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 07. Global Market Volume (Tons), By Application, 2018 to 2022
Table 08. Global Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 09. North America Market Value (US$ million), By Country, 2018 to 2022
Table 10. North America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 11. North America Market Volume (Tons), By Country, 2018 to 2022
Table 12. North America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 13. North America Market Value (US$ million), By Application, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 15. North America Market Volume (Tons), By Application, 2018 to 2022
Table 16. North America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 17. Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 18. Latin America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 19. Latin America Market Volume (Tons), By Country, 2018 to 2022
Table 20. Latin America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 21. Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 22. Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 23. Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 24. Latin America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 25. Europe Market Value (US$ million), By Country, 2018 to 2022
Table 26. Europe Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 27. Europe Market Volume (Tons), By Country, 2018 to 2022
Table 28. Europe Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 29. Europe Market Value (US$ million), By Application, 2018 to 2022
Table 30. Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 31. Europe Market Volume (Tons), By Application, 2018 to 2022
Table 32. Europe Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 33. East Asia Market Value (US$ million), By Country, 2018 to 2022
Table 34. East Asia Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 35. East Asia Market Volume (Tons), By Country, 2018 to 2022
Table 36. East Asia Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 37. East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 38. East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 39. East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 40. East Asia Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 41. South Asia & Oceania Market Value (US$ million), By Country, 2018 to 2022
Table 42. South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 43. South Asia & Oceania Market Volume (Tons), By Country, 2018 to 2022
Table 44. South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 45. South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 46. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 47. South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 48. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 49. MEA Market Value (US$ million), By Country, 2018 to 2022
Table 50. MEA Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 51. MEA Market Volume (Tons), By Country, 2018 to 2022
Table 52. MEA Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 53. MEA Market Value (US$ million), By Application, 2018 to 2022
Table 54. MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 55. MEA Market Volume (Tons), By Application, 2018 to 2022
Table 56. MEA Market Volume (Tons) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 07. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 08. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 09. North America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 10. North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 13. North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 14. North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 15. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 16. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 17. Latin America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 18. Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 19. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 20. Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 21. Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 22. Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 23. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 24. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 25. Europe Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 26. Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 27. Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 28. Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 29. Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 30. Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 31. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33. East Asia Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 34. East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 35. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 36. East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 37. East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 38. East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 39. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 40. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 41. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 42. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 43. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 44. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 45. South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 46. South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 47. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 48. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 49. MEA Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 50. MEA Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 51. MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 52. MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 53. MEA Market Attractiveness Analysis By Country, 2023 to 2033
Figure 54. MEA Market Attractiveness Analysis By Application, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the Global Aliphatic Solvents Market Size?
The global aliphatic solvents market is expected to be valued at US$ 2.1 billion in 2023.
How is the Market for Aliphatic Solvents Expected to Fare Going Forward?
Worldwide demand for aliphatic solvents is anticipated to reach US$ 3.5 billion by 2033-end.
Which Application is Predicted to Expand Rapidly Between 2023 and 2033?
The paints and constructions segment is anticipated to grow rapidly over the forecast period.
Which Regional Aliphatic Solvents Market Accounts for a Leading Market Share?
North America is the crown of the global aliphatic solvents market accounting for the maximum market share.
How did the Market Perform Over the Last Few Years?
During 2018-2022, the consumption of aliphatic solvents increased at 3.1% CAGR.
Aliphatic Solvents Market