Aliphatic Hydrocarbon Solvents and Thinners Market to Reach $6.81 Billion by 2032

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2▲4 ▼0Impact / 5
Summary · why it matters

The global aliphatic hydrocarbon solvents and thinners market is forecasted to surge to USD 6.81 billion by 2032, climbing from USD 5.26 billion in 2026 with a projected CAGR of 4.4%. Growth is propelled by heightened consumption in key sectors such as coatings, adhesives, and industrial maintenance, with the mineral spirits segment estimated to hold the largest share by type and the paints and coatings segment leading by application. Asia Pacific is estimated to hold the largest market share, driven by strong demand from paints and coatings amid massive construction activities in manufacturing powerhouses such as China, India, and Japan. Key players include ExxonMobil Corporation, Shell, Phillips 66, SK Geocentric, and Calumet.

Impact on assets 4

Energy Transition & Power Demand▲ · 2 stocks
Shell plc
SHEL
▲ PositiveDemandrelevance

Market growth in paints and coatings, adhesives, and industrial maintenance increases demand for Shell's solvents and thinners.

Exxon Mobil Corp
XOM
▲ PositiveDemandrelevance

Market growth in paints and coatings, adhesives, and industrial maintenance increases demand for ExxonMobil's solvents and thinners.

Energy▲ · 1 stocks
Synthetic Biology (non-pharma)▲ · 1 stocks
Phillips 66
PSX
▲ PositiveDemandrelevance

Market growth in paints and coatings, adhesives, and industrial maintenance increases demand for Phillips 66's solvents and thinners.

Off-coverage companies 1

SK GeocentricPrivate▲ Positive
Demandrelevance

Market growth in paints and coatings, adhesives, and industrial maintenance increases demand for SK Geocentric's solvents and thinners.

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