Market Overview:
The global aliphatic hydrocarbon thinner market is estimated to be valued at US$ XX Mn in 2018 and is projected to register a CAGR of X.X% over the forecast period (2018-2030), reaching a value of US$XX Mn by 2030. The market is segmented on the basis of type, application and region. On the basis of type, gasoline solvent accounted for the majority share in 2017 and is expected to maintain its dominance throughout the forecast period. This can be attributed to its high volatility and low viscosity as compared to other types such as kerosene and others. On account of growing environmental concerns, manufacturers are focusing on developing products that are environment-friendly in nature which will propel growth of this segment over the forecast period. Based on application, industrial accounted for majority share in 2017 owing to increasing demand from various end-use industries such as automotive, aerospace & defense etc., followed by agriculture sector.
Product Definition:
Aliphatic hydrocarbon thinners are solvents that are composed of light hydrocarbons. They are used as thinner for paints, lacquers, and other coatings. Aliphatic hydrocarbon thinners evaporate quickly and do not leave a residue behind. This makes them ideal for use in applications where a quick dry time is desired.
Gasoline Solvent:
Gasoline solvent is a type of chemical that dissolves other chemicals. It is also used as an effective thinner to aliphatic hydrocarbon. The major application of gasoline solvents is in the production of petrol, which has been dominant for many years and will continue to be so in the future due to its low cost compared with other fuels such as diesel and LPG (liquefied petroleum gas).
Kerosene:
Kerosene is a colorless, viscous liquid derived from crude oil. It has the same number of carbon atoms as its name implies; that is, it is a by-product of crude oil. The most common sources are fields where the lighter fractions such as gasoline and diesel have been extracted.
Application Insights:
The industrial segment led the global aliphatic hydrocarbon thinner market in 2017 and is anticipated to maintain its dominance over the forecast period. The rising demand for aliphatic hydrocarbons from various industries including chemical, lubricant, plasticizer and gasoline solvent are projected to propel industry growth over the coming years.
The other major application of these products includes formulation of household cleaners, paints/ Coatings/ Adhesives (HCA) as well as pharmaceuticals. Increasing use of HCA in formulations that include water as well as oil is expected to drive demand for thinners during the forecast period. In addition, increasing penetration of social media websites has resulted in increased awareness regarding product usage among consumers which is likely to positively impact industry growth over the coming years.
Regional Analysis:
Asia Pacific was the dominant regional segment in 2017 and accounted for over 45% of the global market share. The region is expected to witness significant growth on account of increasing automotive production, construction activities, and consumption of kerosene as a fuel for cooking purposes. In addition, growing industrialization coupled with rapid urbanization in emerging economies such as China and India is anticipated to drive product demand over the forecast period.
Europe emerged as the second-largest consumer due to stringent government regulations regarding VOC emissions from gasoline solvents that are commonly used across various industries including paints & coatings, rubber manufacturing, woodworking among others. This has resulted in rising demand for APT thinner from major end-use sectors such as automotive and construction industry across Europe since past few years which will continue over next eight years till 2030.
Growth Factors:
- Increasing demand from the end-use industries such as automotive and aerospace due to its excellent performance properties
- Rising demand from emerging economies owing to the growth of their manufacturing sectors
- Growing use of aliphatic hydrocarbon thinners in water-based coatings, which is projected to boost the market growth over the forecast period
- Increasing investments by key players in research and development activities to develop new products and applications
- Growing popularity of aliphatic hydrocarbon thinners as a safer alternative to traditional solvents
Scope Of The Report
Report Attributes
Report Details
Report Title
Aliphatic Hydrocarbon Thinner Market Research Report
By Type
Gasoline Solvent, Kerosene, Other
By Application
Industrial, Agriculture, Other
By Companies
Exxon Mobil, Shell, Gulf Chemicals and Industrial Oils, Recochem, W.M. Barr, Noco Energy, Gotham Industries, CPC Corporation, Hunt Refining, Ashland, Exxon Mobil
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Aliphatic Hydrocarbon Thinner Market Report Segments:
The global Aliphatic Hydrocarbon Thinner market is segmented on the basis of:
Types
Gasoline Solvent, Kerosene, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Agriculture, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Exxon Mobil
- Shell
- Gulf Chemicals and Industrial Oils
- Recochem
- W.M. Barr
- Noco Energy
- Gotham Industries
- CPC Corporation
- Hunt Refining
- Ashland
- Exxon Mobil
Highlights of The Aliphatic Hydrocarbon Thinner Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gasoline Solvent
- Kerosene
- Other
- By Application:
- Industrial
- Agriculture
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aliphatic Hydrocarbon Thinner Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aliphatic hydrocarbon thinner is a type of solvent used to dissolve and remove oil, grease, and other contaminants from surfaces. It can also be used as a degreaser or cleaner.
Some of the key players operating in the aliphatic hydrocarbon thinner market are Exxon Mobil, Shell, Gulf Chemicals and Industrial Oils, Recochem, W.M. Barr, Noco Energy, Gotham Industries, CPC Corporation, Hunt Refining, Ashland, Exxon Mobil.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aliphatic Hydrocarbon Thinner Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aliphatic Hydrocarbon Thinner Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aliphatic Hydrocarbon Thinner Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aliphatic Hydrocarbon Thinner Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aliphatic Hydrocarbon Thinner Market Size & Forecast, 2020-2028
4.5.1 Aliphatic Hydrocarbon Thinner Market Size and Y-o-Y Growth
4.5.2 Aliphatic Hydrocarbon Thinner Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Gasoline Solvent
5.2.2 Kerosene
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Agriculture
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aliphatic Hydrocarbon Thinner Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aliphatic Hydrocarbon Thinner Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Gasoline Solvent
9.6.2 Kerosene
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Agriculture
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Gasoline Solvent
10.6.2 Kerosene
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Agriculture
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Gasoline Solvent
11.6.2 Kerosene
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Agriculture
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Gasoline Solvent
12.6.2 Kerosene
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Agriculture
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Gasoline Solvent
13.6.2 Kerosene
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Agriculture
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aliphatic Hydrocarbon Thinner Market: Competitive Dashboard
14.2 Global Aliphatic Hydrocarbon Thinner Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exxon Mobil
14.3.2 Shell
14.3.3 Gulf Chemicals and Industrial Oils
14.3.4 Recochem
14.3.5 W.M. Barr
14.3.6 Noco Energy
14.3.7 Gotham Industries
14.3.8 CPC Corporation
14.3.9 Hunt Refining
14.3.10 Ashland
14.3.11 Exxon Mobil
