| Product Code: ETC029504 | Publication Date: Jun 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The aliphatic solvents and thinners market for imports in India displayed a steady upward trajectory during the period with a notable CAGR from 2020 to 2024. The growth rate spiked significantly between 2023 and 2024, indicating a robust expansion in the market demand, showcasing a clear momentum towards growth.
The India aliphatic solvents and thinners market is estimated to grow at a significant CAGR of 6.2% over the forecast period (2025-2031). Aliphatic solvents are organic compounds containing carbon atoms linked in open chain structures. They are usually transparent, oily liquids or colorless gases that contain carbon and hydrogen bonds. The main applications of aliphatic solvents include paint thinning, chemical processing, dry cleaning, adhesive manufacturing and metal degreasing among others. Increasing demand for these type of products from various end-user industries such as paints & coatings industry will majorly drive the overall growth during the forecast period.
The increasing demand for aliphatic solvent from different end user industries will be one of the major driver for this market during the forecast period 2025 ? 2031. The rising usage of these product in high performance coating application is also expected to fuel its growth over next few years due to their superior properties like low volatility and good compatibility with resins used in protective coatings formulation such as epoxy etc.. In addition, increased spending on research & development activities by leading players has resulted into new innovative cost effective products which further boost its sales across multiple industrial verticals. Furthermore, growing construction sector across India coupled with per capita income surge also contribute significantly towards this market growth over assessment timeframe .
One emerging trend observed in Indian aliphatics solvent and thinner markets is emergence of bio based product offerings by key players including ExxonMobil Corporation , Royal Dutch Shell PLC , Eastman Chemical Company etc.. These companies have started offering environment friendly alternative solutions derived out from renewable sources which provide same benefits associated with traditional petroleum based options but reduce emission rate thereby meeting government directives pertaining to environmental protection standards . This trend can be attributed to technological advancement enabling production of eco friendly alternatives using biological feedstock instead relying upon petroleum derivatives whose extraction results into increase global warming potential.
The volatile price fluctuations associated with crude oil is one primary challenge restraining wider acceptance amongst consumers especially small scale manufacturers who highly rely upon pricing factor when making buying decisions . Moreover stringent regulations imposed by regulatory bodies pertaining hazardous waste disposal along with concerns related safety related accidents caused due inhalation or contact might hamper its expansion during review period . Fluctuating raw material prices also add another layer complexity while adopting such type solutions thus restricting its adoption amongst customers operating under tight budgets
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Aliphatic Solvents and Thinners Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Aliphatic Solvents and Thinners Market Revenues & Volume, 2021 & 2031F |
3.3 India Aliphatic Solvents and Thinners Market - Industry Life Cycle |
3.4 India Aliphatic Solvents and Thinners Market - Porter's Five Forces |
3.5 India Aliphatic Solvents and Thinners Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Aliphatic Solvents and Thinners Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Aliphatic Solvents and Thinners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for aliphatic solvents and thinners in various industries such as paints, coatings, and adhesives due to their low toxicity and high solvency power. |
4.2.2 Increasing government initiatives promoting the use of eco-friendly solvents, leading to a shift towards aliphatic solvents and thinners. |
4.2.3 Rise in construction activities and infrastructure development projects driving the demand for aliphatic solvents and thinners in the Indian market. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of aliphatic solvents and thinners impacting the overall cost of production. |
4.3.2 Stringent environmental regulations related to the emissions of volatile organic compounds (VOCs) from solvents, posing challenges for manufacturers in the market. |
4.3.3 Competition from substitutes like aromatic solvents and bio-based solvents affecting the market penetration of aliphatic solvents and thinners. |
5 India Aliphatic Solvents and Thinners Market Trends |
6 India Aliphatic Solvents and Thinners Market, By Types |
6.1 India Aliphatic Solvents and Thinners Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Varnish Makers? & Painters? Naphtha, 2021-2031F |
6.1.4 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Mineral Spirits, 2021-2031F |
6.1.5 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Hexane, 2021-2031F |
6.1.6 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Heptane, 2021-2031F |
6.1.7 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Aliphatic Solvents and Thinners Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Cleaning & Degreasing, 2021-2031F |
6.2.4 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.5 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Aerosols, 2021-2031F |
6.2.6 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Rubbers & polymers, 2021-2031F |
6.2.7 India Aliphatic Solvents and Thinners Market Revenues & Volume, By Printing inks, 2021-2031F |
7 India Aliphatic Solvents and Thinners Market Import-Export Trade Statistics |
7.1 India Aliphatic Solvents and Thinners Market Export to Major Countries |
7.2 India Aliphatic Solvents and Thinners Market Imports from Major Countries |
8 India Aliphatic Solvents and Thinners Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly solvents in key industries using aliphatic solvents and thinners. |
8.2 Number of infrastructure projects utilizing aliphatic solvents and thinners in their coatings and paints applications. |
8.3 Investment in research and development for the development of innovative aliphatic solvent formulations. |
9 India Aliphatic Solvents and Thinners Market - Opportunity Assessment |
9.1 India Aliphatic Solvents and Thinners Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Aliphatic Solvents and Thinners Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Aliphatic Solvents and Thinners Market - Competitive Landscape |
10.1 India Aliphatic Solvents and Thinners Market Revenue Share, By Companies, 2024 |
10.2 India Aliphatic Solvents and Thinners Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |