Philippines Hydrocarbon Solvents Market to 2032
Overview
The Philippines Hydrocarbon Solvents Market is expected to reach a 182.84 USD Million by 2032 and is projected to grow at a CAGR of 5.24% from 2025 to 2032.
Revenue, 2024 (USD Million)
123.60
Forecast, 2032 (USD Million)
182.84
CAGR, 2024 - 2032
5.24%
Report Coverage
Philippines
Philippines Hydrocarbon Solvents Market 2018-2032 USD Million
Philippines Hydrocarbon Solvents Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 123.60 USD Million
- Projected Market Size (2032): 182.84 USD Million
- CAGR (2025-2032): 5.24%
Key Findings of Philippines Hydrocarbon Solvents Market
- The Philippines Hydrocarbon Solvents Market was valued at 123.60 USD Million in 2024.
- The Philippines Hydrocarbon Solvents Market is likely to grow at a CAGR of 5.24% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Aliphatic Solvents in Type Segment accounted for the largest share of the market with a revenue of 41.18 USD Million
- The fastest growing segment Adhesives in Application Segment grew Fastest with a CAGR of 5.72% during the forecast period from 2024 to 2032.
Philippines Hydrocarbon Solvents Market Scope
Philippines Hydrocarbon Solvents Market Segmentation & Scope
Type
- Others
- Cycloaliphatic Solvents
- Mineral Oils
- Aromatic Solvents
- Aliphatic Solvents
Application
- Others
- Explosives
- Sealants
- Metal Working Lubricant
- Metal Extraction
- Fluxes for Bitumen
- Drilling Fluids
- Cosmetics
- Aerosols
- Chemicals
- Rubber and Polymers
- Agriculture
- Printing Inks
- Cleaning and Degreasing
- Pharmaceutical
- Adhesives
- Paints and Coatings
Philippines Hydrocarbon Solvents Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 123.60 USD Million |
| Market Value in 2032 | 182.84 USD Million |
| CAGR (2025-2032) | 5.24% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Application |
Regional Insights:
-
Leading Market (2024-2032): Philippines, leading in terms of revenue 123.60 USD Million in 2024
- Key Country: Philippines, leading in terms of revenue with value of 123.60 USD Million in 2024.
Segments and Scope
-
Philippines Hydrocarbon Solvents Market to 2032, By Type
- Aliphatic Solvents is the largest segment in Philippines Hydrocarbon Solvents Market to 2032 with a revenue of 41.18 USD Million in the year 2024.
- Aliphatic Solvents is the Fastest growing segment in Philippines Hydrocarbon Solvents Market to 2032 with a Growth rate of 5.43 % in forecast period 2025-2032.
-
Philippines Hydrocarbon Solvents Market to 2032, By Application
- Paints and Coatings is the largest segment in Philippines Hydrocarbon Solvents Market to 2032 with a revenue of 26.79 USD Million in the year 2024.
- Adhesives is the Fastest growing segment in Philippines Hydrocarbon Solvents Market to 2032 with a Growth rate of 5.45 % in forecast period 2025-2032.
Philippines Hydrocarbon Solvents Market Company Share Analysis
| Company Name |
|
||
| TotalEnergies | |||
| BASF SE | |||
| Chevron Phillips Chemical Company LLC. | |||
| Exxon Mobil Corporation | |||
| Shell plc | |||
Philippines Hydrocarbon Solvents Market Geographical Sales Distribution, 2018-2032 USD Million
Philippines Hydrocarbon Solvents Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Philippines Hydrocarbon Solvents Market is segmented based on Segmentation Type,Application.
Philippines Hydrocarbon Solvents Market was valued at USD 123.60(Revenue in USD Million) in 2024.
Philippines Hydrocarbon Solvents Market is projected to grow at a CAGR of 5.24% during the forecast period of 2024 to 2032.
The Aliphatic Solvents segment is expected to dominate the Philippines Hydrocarbon Solvents Market, holding a largest market share of 41.18 USD Million in 2024
Philippines Hydrocarbon Solvents Market Scope
Philippines Hydrocarbon Solvents Market Segmentation & Scope
Type
- Others
- Cycloaliphatic Solvents
- Mineral Oils
- Aromatic Solvents
- Aliphatic Solvents
Application
- Others
- Explosives
- Sealants
- Metal Working Lubricant
- Metal Extraction
- Fluxes for Bitumen
- Drilling Fluids
- Cosmetics
- Aerosols
- Chemicals
- Rubber and Polymers
- Agriculture
- Printing Inks
- Cleaning and Degreasing
- Pharmaceutical
- Adhesives
- Paints and Coatings
Frequently Asked Questions
The Philippines Hydrocarbon Solvents Market is segmented based on Segmentation Type,Application.
Philippines Hydrocarbon Solvents Market was valued at USD 123.60(Revenue in USD Million) in 2024.
Philippines Hydrocarbon Solvents Market is projected to grow at a CAGR of 5.24% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Hydrocarbon Solvents Market for final year is USD 182.84 (USD Million).
Philippines Hydrocarbon Solvents Market Company Profiling
Frequently Asked Questions
The Philippines Hydrocarbon Solvents Market is segmented based on Segmentation Type,Application.
Philippines Hydrocarbon Solvents Market was valued at USD 123.60(Revenue in USD Million) in 2024.
Philippines Hydrocarbon Solvents Market is projected to grow at a CAGR of 5.24% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Hydrocarbon Solvents Market for final year is USD 182.84 (USD Million).
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