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Hydrocarbon Solvents Market: By Type, By Application, and Region Forecast 2021-2032
Hydrocarbon Solvents Market: By Type, By Application, and Region Forecast 2021-2032
Report ID:35229
Published Date:Sep 2025
No of Pages:230
Format:
Hydrocarbon Solvents Market size was valued at US$ 7.9 billion in 2025 and is expected to reach US$ 9.7 billion by 2032, growing at a significant CAGR of 3.0% from 2026-2032. Rising demand for solvents by various end-use industries such as metal cleaning, adhesives, paints & coatings, and printing inks has up surged the market growth. It also finds a wide of applications in cleaning products comprising of regular consumer usage products to numerous tailor-made industrial cleaners drives the growth of market. However, augmented cynicism on ecological sustainability of hydrocarbon solvents as well as high toxicity has restrained the growth of market.
The market for hydrocarbon solvents is growing due to an increase in the use of hydrocarbon solvents by paint producers to create innovative products. A surge in the use of hydrocarbon solvents in the pharmaceutical industry is also propelling the market forward. However, the negative effects of hydrocarbon solvents on human health, such as dizziness and irritation of the nose and eyes, are limiting the market's growth. The market is predicted to grow rapidly in the near future, thanks to an increase in leading players' investments and technical improvements.
Study Period
2026-2032Base Year
2025CAGR
3%Largest Market
EuropeFastest Growing Market
Asia-Pacific
Hydrocarbon solvents are used in various applications such as paints & coatings, printing inks, agriculture chemicals, pharmaceuticals, adhesives, metal cleaning, others. Paints and coatings is one of the major applications of hydrocarbon solvents. Paints make use of many organic thinners, such as white spirits, ketones alcohols, aromatics, aliphatic. Rapid industrial development coupled with evolving consumer preferences upsurges the demand for paints and coatings, thereby driving the market growth. The segment is further followed by printing inks. They find its applications to dissolve particulate matters, such as dyes, resins, pigments.
Europe is the leading market for hydrocarbon solvents. Germany is the forefront country due to the presence of large number of top companies which raises the demand for such products. Major industries include paint industry, pharmaceuticals, and automotive adhesive. Asia Pacific is expected to be grow at a steady pace owing to rise in population coupled with growing economic development.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2026-2032 |
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Market CAGR |
3% |
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By Type |
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By Application |
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By Region |
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The hydrocarbon solvents market size was valued at US$ 7.9 billion in 2025 and is expected to reach US$ 9.7 billion by 2032, growing at a significant CAGR of 3.0% from 2026-2032
Growing Demand Owing to their Wide Range of Applications
Asia Pacific is the fastest-growing region for market.
Content Updated Date: Feb 2026
| 1.Executive Summary |
| 2.Global Hydrocarbon Solvents Market Introduction |
| 2.1.Global Hydrocarbon Solvents Market - Taxonomy |
| 2.2.Global Hydrocarbon Solvents Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Hydrocarbon Solvents Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Hydrocarbon Solvents Market Analysis, 2021 - 2025 and Forecast 2026 - 2032 |
| 4.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Hydrocarbon Solvents Market By Type , 2021 - 2025 and Forecast 2026 - 2032 (Sales Value USD Million) |
| 5.1. Aliphatic |
| 5.1.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Aromatic |
| 5.2.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Hydrocarbon Solvents Market By Application, 2021 - 2025 and Forecast 2026 - 2032 (Sales Value USD Million) |
| 6.1. Paints & Coatings |
| 6.1.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cleaning & Degreasing |
| 6.2.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Printing Inks |
| 6.3.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Rubbers & Polymers |
| 6.4.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Adhesives |
| 6.5.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Aerosols |
| 6.6.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Agriculture Chemicals |
| 6.7.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Pharmaceuticals |
| 6.8.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Others |
| 6.9.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 7.Global Hydrocarbon Solvents Market By Region, 2021 - 2025 and Forecast 2026 - 2032 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2021 - 2025 and Forecast 2026 - 2032, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Hydrocarbon Solvents Market ,2021 - 2025 and Forecast 2026 - 2032 (Sales Value USD Million) |
| 8.1. Type Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Aliphatic |
| 8.1.2.Aromatic |
| 8.2. Application Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Paints & Coatings |
| 8.2.2.Cleaning & Degreasing |
| 8.2.3.Printing Inks |
| 8.2.4.Rubbers & Polymers |
| 8.2.5.Adhesives |
| 8.2.6.Aerosols |
| 8.2.7.Agriculture Chemicals |
| 8.2.8.Pharmaceuticals |
| 8.2.9.Others |
| 8.3. Country Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Hydrocarbon Solvents Market ,2021 - 2025 and Forecast 2026 - 2032 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Aliphatic |
| 9.1.2.Aromatic |
| 9.2. Application Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Paints & Coatings |
| 9.2.2.Cleaning & Degreasing |
| 9.2.3.Printing Inks |
| 9.2.4.Rubbers & Polymers |
| 9.2.5.Adhesives |
| 9.2.6.Aerosols |
| 9.2.7.Agriculture Chemicals |
| 9.2.8.Pharmaceuticals |
| 9.2.9.Others |
| 9.3. Country Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Hydrocarbon Solvents Market ,2021 - 2025 and Forecast 2026 - 2032 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Aliphatic |
| 10.1.2.Aromatic |
| 10.2. Application Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Paints & Coatings |
| 10.2.2.Cleaning & Degreasing |
| 10.2.3.Printing Inks |
| 10.2.4.Rubbers & Polymers |
| 10.2.5.Adhesives |
| 10.2.6.Aerosols |
| 10.2.7.Agriculture Chemicals |
| 10.2.8.Pharmaceuticals |
| 10.2.9.Others |
| 10.3. Country Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Hydrocarbon Solvents Market ,2021 - 2025 and Forecast 2026 - 2032 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Aliphatic |
| 11.1.2.Aromatic |
| 11.2. Application Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Paints & Coatings |
| 11.2.2.Cleaning & Degreasing |
| 11.2.3.Printing Inks |
| 11.2.4.Rubbers & Polymers |
| 11.2.5.Adhesives |
| 11.2.6.Aerosols |
| 11.2.7.Agriculture Chemicals |
| 11.2.8.Pharmaceuticals |
| 11.2.9.Others |
| 11.3. Country Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Hydrocarbon Solvents Market ,2021 - 2025 and Forecast 2026 - 2032 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Aliphatic |
| 12.1.2.Aromatic |
| 12.2. Application Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Paints & Coatings |
| 12.2.2.Cleaning & Degreasing |
| 12.2.3.Printing Inks |
| 12.2.4.Rubbers & Polymers |
| 12.2.5.Adhesives |
| 12.2.6.Aerosols |
| 12.2.7.Agriculture Chemicals |
| 12.2.8.Pharmaceuticals |
| 12.2.9.Others |
| 12.3. Country Analysis 2021 - 2025 and Forecast 2026 - 2032 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Total S.A. |
| 13.2.2.ExxonMobil Corporation |
| 13.2.3.Royal Dutch Shell |
| 13.2.4.DowDuPont, Inc. |
| 13.2.5.Sinopec |
| 13.2.6.Ashland Inc, BP Plc |
| 13.2.7.Reliance Industries Limited |
| 13.2.8.Sasol Solvents |
| 13.2.9.Engen Petroleum Ltd. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.