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PUBLISHER: Grand View Research | PRODUCT CODE: 1654512

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PUBLISHER: Grand View Research | PRODUCT CODE: 1654512

Europe Hydrocarbon Solvents Market Size, Share & Trends Analysis Report By Product (White Spirits, Hexane, Aromatics), By Application (Paints & Coatings, Printing Inks, Adhesives), By Country, And Segment Forecasts, 2025 - 2030

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Description

Table of Contents

List of Tables

Europe Hydrocarbon Solvent Market Growth & Trends:

The Europe hydrocarbon solvents market size is expected to reach USD 2.38 billion by 2030, registering a CAGR of 6.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. Abundant availability of key petrochemical raw materials, relatively lower price of petroleum derived solvents compared to their counterparts, and sustained utilization in numerous end-use industries are some of the primary driving factors for the market.

The demand for solvent-based paint and coatings is growing at a steady rate owing to an increase in consumption in architectural applications and end-user industries such as oil and gas, aerospace, marine, and steel. The demand for paints and coatings is also on the rise due to increasing disposable income of consumers, product innovation, and market penetration.

In the European paint industry, white spirit holds a major share, with approximately 60% of this product being used for manufacturing varnishes, paints, and lacquers. Several other products have been introduced in the European market aligned with the regulatory compliances. A number of companies have introduced cycloparaffinic or naphthenic solvents as direct alternatives to xylene and toluene, which are aromatic but strictly regulated owing to their high Volatile Organic Compound (VOC) content.

One of the most significant value addition in the manufacturing of the hydrocarbon solvents is the commercialization of products with minimal or negligible environmental impact. The solvents with least VOCs proportions are gaining traction. Such trends are anticipated to significantly contribute towards rapid demand as well as product innovation by major participants in the Europe hydrocarbon solvent market.

The white spirits is estimated to be the fastest growing product segment with a CAGR of 2.2% in terms of consumption over the forecast period. While, aromatic hydrocarbon solvents was the most consumed product category and is expected to generate a total demand of around 910 kilo tons by 2025.

Europe Hydrocarbon Solvent Market Report Highlights:

  • The aromatics segment dominated the market and accounted for the largest revenue share of 38.0% in 2024, driven by the extensive use of aromatic solvents in industries such as paints and coatings, where their effectiveness and performance characteristics are highly valued.
  • The white spirits segment is projected to grow at the highest CAGR of 6.6% over the forecast period due to increasing demand for white spirits in cleaning products and as solvents in paints and coatings.
  • The paints & coatings segment dominated the market and anticipated the largest revenue share in 2024, which can be attributed to the robust demand for high-performance coatings in construction, automotive, and industrial applications.
  • The printing inks segment is expected to grow significantly over the forecast period, fueled by increasing demand from the packaging and publishing industries. E-commerce has spurred demand for printed materials, including labels and packaging solutions that utilize hydrocarbon-based inks.
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Product Code: GVR-3-68038-015-6

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Insights
  • 2.2. Segmental Outlook
  • 2.3. Competitive Outlook

Chapter 3. Europe Hydrocarbon Solvents Market Variables, Trends & Scope

  • 3.1. Europe Hydrocarbon Solvents Market Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Application Overview
  • 3.4. Average Price Trend Analysis
  • 3.5. Supply-Demand Gap Analysis, 2024
  • 3.6. Regulatory Framework
    • 3.6.1. Policies and Incentive Plans
    • 3.6.2. Standards and Compliances
    • 3.6.3. Regulatory Impact Analysis
  • 3.7. Market Dynamics
    • 3.7.1. Market Driver Analysis
    • 3.7.2. Market Restraint Analysis
    • 3.7.3. Industry Challenges
  • 3.8. Porter's Five Forces Analysis
    • 3.8.1. Supplier Power
    • 3.8.2. Buyer Power
    • 3.8.3. Substitution Threat
    • 3.8.4. Threat From New Entrant
    • 3.8.5. Competitive Rivalry
  • 3.9. PESTEL Analysis
    • 3.9.1. Political Landscape
    • 3.9.2. Economic Landscape
    • 3.9.3. Social Landscape
    • 3.9.4. Technological Landscape
    • 3.9.5. Environmental Landscape
    • 3.9.6. Legal Landscape

Chapter 4. Europe Hydrocarbon Solvents Market: Product Outlook Estimates & Forecasts

  • 4.1. Europe Hydrocarbon Solvents Market: Product Movement Analysis, 2024 & 2030
    • 4.1.1. White Spirits
      • 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 4.1.2. Hexane
      • 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 4.1.3. Aromatics
      • 4.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 4.1.4. Others
      • 4.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)

Chapter 5. Europe Hydrocarbon Solvents Market: Application Outlook Estimates & Forecasts

  • 5.1. Europe Hydrocarbon Solvents Market: Application Movement Analysis, 2024 & 2030
    • 5.1.1. Paints & Coatings
      • 5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.2. Printing Inks
      • 5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.3. Agricultural Chemicals
      • 5.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.4. Pharmaceuticals
      • 5.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.5. Adhesives
      • 5.1.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.6. Metal Cleaning
      • 5.1.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.7. Others
      • 5.1.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)

Chapter 6. Europe Hydrocarbon Solvents Market Country Outlook Estimates & Forecasts

  • 6.1. Country Snapshot
  • 6.2. Europe Hydrocarbon Solvents Market: Country Movement Analysis, 2024 & 2030
  • 6.3. Germany
    • 6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.3.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.3.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.4. Italy
    • 6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.4.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.5. France
    • 6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.5.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.6. Poland
    • 6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.6.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.6.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.7. Czech Republic
    • 6.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.7.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.7.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.8. Austria
    • 6.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.8.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.8.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.9. Ukraine
    • 6.9.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.9.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.9.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.10. Romania
    • 6.10.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.10.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.10.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.11. Bulgaria
    • 6.11.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.11.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.11.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Vendor Landscape
    • 7.2.1. Company Categorization
    • 7.2.2. List of Key Distributors and Channel Partners
    • 7.2.3. List of Potential Customers/End Users
  • 7.3. Competitive Dynamics
    • 7.3.1. Competitive Benchmarking
    • 7.3.2. Strategy Mapping
    • 7.3.3. Heat Map Analysis
  • 7.4. Company Profiles/Listing
    • 7.4.1. Eastman Chemical Company
      • 7.4.1.1. Participant's Overview
      • 7.4.1.2. Financial Performance
      • 7.4.1.3. Product Benchmarking
      • 7.4.1.4. Strategic Initiatives
    • 7.4.2. Exxon Mobil Corporation
      • 7.4.2.1. Participant's Overview
      • 7.4.2.2. Financial Performance
      • 7.4.2.3. Product Benchmarking
      • 7.4.2.4. Strategic Initiatives
    • 7.4.3. Leading Solvent Supplies Limited
      • 7.4.3.1. Participant's Overview
      • 7.4.3.2. Financial Performance
      • 7.4.3.3. Product Benchmarking
      • 7.4.3.4. Strategic Initiatives
    • 7.4.4. Huntsman International LLC
      • 7.4.4.1. Participant's Overview
      • 7.4.4.2. Financial Performance
      • 7.4.4.3. Product Benchmarking
      • 7.4.4.4. Strategic Initiatives
    • 7.4.5. TotalEnergies
      • 7.4.5.1. Participant's Overview
      • 7.4.5.2. Financial Performance
      • 7.4.5.3. Product Benchmarking
      • 7.4.5.4. Strategic Initiatives
    • 7.4.6. Ashland
      • 7.4.6.1. Participant's Overview
      • 7.4.6.2. Financial Performance
      • 7.4.6.3. Product Benchmarking
      • 7.4.6.4. Strategic Initiatives
    • 7.4.7. DuPont
      • 7.4.7.1. Participant's Overview
      • 7.4.7.2. Financial Performance
      • 7.4.7.3. Product Benchmarking
      • 7.4.7.4. Strategic Initiatives
    • 7.4.8. Honeywell International Inc.
      • 7.4.8.1. Participant's Overview
      • 7.4.8.2. Financial Performance
      • 7.4.8.3. Product Benchmarking
      • 7.4.8.4. Strategic Initiatives
    • 7.4.9. Banner Chemicals Limited
      • 7.4.9.1. Participant's Overview
      • 7.4.9.2. Financial Performance
      • 7.4.9.3. Product Benchmarking
      • 7.4.9.4. Strategic Initiatives
    • 7.4.10. Kandla Energy & Chemicals Ltd.
      • 7.4.10.1. Participant's Overview
      • 7.4.10.2. Financial Performance
      • 7.4.10.3. Product Benchmarking
      • 7.4.10.4. Strategic Initiatives
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Product Code: GVR-3-68038-015-6

List of Tables

  • Table 1. List of Abbreviations
  • Table 2. Europe Hydrocarbon Solvents Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 3. Europe Hydrocarbon Solvents Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 4. Europe Hydrocarbon Solvents Market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 5. Germany Hydrocarbon Solvents Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 6. Germany Hydrocarbon Solvents Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 7. Italy Hydrocarbon Solvents Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 8. Italy Hydrocarbon Solvents Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 9. France Hydrocarbon Solvents Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 10. France Hydrocarbon Solvents Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 11. Poland Hydrocarbon Solvents Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 12. Poland Hydrocarbon Solvents Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 13. Czech Republic Hydrocarbon Solvents Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 14. Czech Republic Hydrocarbon Solvents Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 15. Austria Hydrocarbon Solvents Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 16. Austria Hydrocarbon Solvents Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 17. Ukraine Hydrocarbon Solvents Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 18. Ukraine Hydrocarbon Solvents Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 19. Romania Hydrocarbon Solvents Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 20. Romania Hydrocarbon Solvents Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 21. Bulgaria Hydrocarbon Solvents Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 22. Bulgaria Hydrocarbon Solvents Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)

List of Figures

  • Fig. 1 Market Segmentation
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Models
  • Fig. 4 Market Formulation and Validation
  • Fig. 5 Market Snapshot
  • Fig. 6 Segment Outlook
  • Fig. 7 Competitive Outlook
  • Fig. 8 Value Chain Analysis
  • Fig. 9 Market Dynamics
  • Fig. 10 Porter's Analysis
  • Fig. 11 PESTEL analysis
  • Fig. 12 Europe Hydrocarbon Solvents Market, By Product: Key Takeaways
  • Fig. 13 Europe Hydrocarbon Solvents Market, By Product: Market Share, 2024 & 2030
  • Fig. 14 White Spirits Market, 2018 - 2030 (USD Million)
  • Fig. 15 Hexane Market, 2018 - 2030 (USD Million)
  • Fig. 16 Aromatics Market, 2018 - 2030 (USD Million)
  • Fig. 17 Others Market, 2018 - 2030 (USD Million)
  • Fig. 18 Europe Hydrocarbon Solvents Market, By Application: Key Takeaways
  • Fig. 19 Europe Hydrocarbon Solvents Market, By Application: Market Share, 2024 & 2030
  • Fig. 20 Paints & Coatings Market, 2018 - 2030 (USD Million)
  • Fig. 21 Printing Inks Market, 2018 - 2030 (USD Million)
  • Fig. 22 Agricultural Chemicals Market, 2018 - 2030 (USD Million)
  • Fig. 23 Pharmaceuticals Market, 2018 - 2030 (USD Million)
  • Fig. 24 Adhesives Market, 2018 - 2030 (USD Million)
  • Fig. 25 Metal Cleaning Market, 2018 - 2030 (USD Million)
  • Fig. 26 Others Market, 2018 - 2030 (USD Million)
  • Fig. 27 Europe Hydrocarbon Solvents Market, By Country: Key Takeaways
  • Fig. 28 Europe Hydrocarbon Solvents Market, By Country: Market Share, 2024 & 2030
  • Fig. 29 Germany Hydrocarbon Solvents Market, 2018 - 2030 (USD Million)
  • Fig. 30 Italy Hydrocarbon Solvents Market, 2018 - 2030 (USD Million)
  • Fig. 31 France Hydrocarbon Solvents Market, 2018 - 2030 (USD Million)
  • Fig. 32 Poland Hydrocarbon Solvents Market, 2018 - 2030 (USD Million)
  • Fig. 33 Czech Republic Hydrocarbon Solvents Market, 2018 - 2030 (USD Million)
  • Fig. 34 Austria Hydrocarbon Solvents Market, 2018 - 2030 (USD Million)
  • Fig. 35 Ukraine Hydrocarbon Solvents Market, 2018 - 2030 (USD Million)
  • Fig. 36 Romania Hydrocarbon Solvents Market, 2018 - 2030 (USD Million)
  • Fig. 37 Bulgaria Hydrocarbon Solvents Market, 2018 - 2030 (USD Million)
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