Aliphatic Hydrocarbon Solvents and Thinners Market Size – Global Industry, Share, Analysis, Trends

The Global Aliphatic Hydrocarbon Solvents and Thinners Market Size collected USD 4.8 Billion in 2022 and is set to achieve a market size of USD 9.0 Billion in 2032 growing at a CAGR of 6.5% from 2023 to 2032. Aliphatic hydrocarbon solvents and thinners are such chemicals that are mostly preferred in varnishes and paints and the most common use is mineral spirits which are also known as paint thinners. In addition to this, the rising growth in the global automotive and construction industries is one of the key factors said to further bolster the demand for aliphatic hydrocarbon solvents and thinners, thus driving the growth of the global aliphatic hydrocarbon solvents and thinners market in the foreseeable years. On the other hand, the increasing growth of the construction industry has resulted in an increase in demand for aliphatic hydrocarbon solvents and thinners, thus fueling the growth of the market across the globe. The aliphatic hydrocarbon solvents and thinners market especially in Asia-Pacific and Latin America is anticipated to showcase and tender some lucratively sound opportunities owing to higher disposable incomes, increasing population, growing automotive and construction industry, increasing consumer spending capabilities and replacement of turpentine by mineral spirits among others.