Aliphatic Solvents Market

Aliphatic Solvents Market Outlook (2023-2033)

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 (2023-2033)	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.

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 (2023-2026): Growing demand from aliphatic solvents from paints and coatings, rubber manufacturing is driving the aliphatic solvents market.
• Medium Term (2026-2029): 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 (2029-2033): 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 2018-2022 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.

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.

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