- Aliphatic hydrocarbon solvents and thinners, known for their low toxicity and high solvency, are critical components in various industrial applications, including paints, coatings, adhesives, and cleaning solutions, due to their versatility, cost-effectiveness, and compatibility with multiple substrates
- The demand for these solvents is fueled by the booming paints and coatings industry, increasing environmental regulations promoting low-VOC alternatives, and the rising need for effective cleaning and degreasing agents in industrial and automotive sectors
- Asia-Pacific dominated the aliphatic hydrocarbon solvents and thinners market with the largest revenue share of 42.5% in 2024, driven by rapid industrialization, a robust manufacturing base, and high demand for paints and coatings in countries such as China and India
- North America is expected to be the fastest-growing region during the forecast period, attributed to stringent environmental regulations, advancements in green chemistry, and increasing adoption of sustainable solvents in industrial applications
- The Mineral Spirits segment dominated the largest market revenue share of 36.9% in 2024, primarily driven by its widespread use in paints and coatings, and cleaning and degreasing applications.
