Aliphatic Hydrocarbon Solvents & Thinners Market

Royal Dutch Shell Plc (Netherlands), and Calumet Specialty Products Partners (U.S.) are Some of the Leading Players in this Aliphatic Hydrocarbon Solvents & Thinners Market

The global aliphatic hydrocarbon solvents & thinners market was valued at USD 4.12 Billion in 2015 and is projected to reach USD 5.41 Billion by 2026, at a CAGR of 2.5% from 2016 to 2026. Replacement of turpentine by mineral spirits, high growth in the paints & coatings industry, and growing penetration of aliphatic hydrocarbon solvents & thinners in the Asia-Pacific region are the factors projected to drive the growth of the market in the near future. ExxonMobil Chemical (U.S.), SK Global Chemical Co. Ltd. (South Korea), Royal Dutch Shell Plc (Netherlands), and Calumet Specialty Products Partners (U.S.) are some of the leading players in this market.

The key players operational in the aliphatic hydrocarbon solvents & thinners markets are focusing on new product launches, acquisitions, and expansions to cater the demand across various applications. Recochem Inc. (Canada) has reported the highest number of developments in the global aliphatic hydrocarbon solvents & thinners market in recent years.

In December 2015, Recochem Inc. integrated its industrial cleaning and degreasing products segment with a new product line of RECOTUFF industrial cleaners & degreasers. This is a new range of blended hydrocarbon and water-based formulas that are biodegradable and utilize the latest solvent technology and surfactant. In January 2014 Recochem purchased the Zip-Strip premium paint & finish remover line of products from Absolute Coatings Inc. Since January 6, 2014, blending, packaging, and distributing of Zip-Strip products is done by Recochem whereas manufacturing capabilities are provided by Absolute Coatings.

In March 2015, Phillips 66 introduced Odorless Mineral Spirits (OMS) solvent which would be marketed under Specialty Solvents division of the company. The company appointed Nexeo Solutions as an authorized distributor of the product in countries such as the U.S., Canada, and others. This strategy helps the company address the increasing demand of thinner and mineral oil products from North America.

In September 2014, Exxon Mobil Corporation (U.S.) expanded its specialty hydrocarbon fluid production capacity in Singapore. This expansion strategy helped the company address the increasing demand of hydrocarbons in this country.

Related Reports:

Aliphatic Hydrocarbon Solvents & Thinners Market by Type (Varnish Makers & Painter’s Naphtha, Mineral Spirits, Hexane, Heptane), Application (Paints & Coatings, Cleaning & Degreasing, Adhesives, Aerosols, Rubber & Polymer) - Global Forecast to 2026

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Report Code
CH 3980
Published ON
Jan, 2017
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