1. Market Research
  2. > Chemical Market Trends

North American Hydrocarbon Solvents (HCS) Market—Outlook and Trends : Cost Benefits and High Performance will Retain HCS Demand in Growing End-use Markets

  • March 2015
  • 163 pages
  • Frost & Sullivan
Report ID: 2813808


Table of Contents

Key Findings

•The North American market for hydrocarbon solvents (HCS) generated unit shipments of roughly x million metric tons valued at $ x billion in 2014, with special boiling points (SBPs) and dearomatized aliphatic chemistries generating more than % of the market revenue. The market’s compound average growth rate (CAGR) is forecasted to be x % during 2014–2019.
•SBPs have the highest share of market volume with x %, followed by dearomatized aliphatics with x %.
•SBPs overlap with aliphatics, as they are derived from aliphatics. Leading HCS suppliers do not differentiate SBPs in North America, and define them as aliphatics with narrower boiling ranges for specific applications that do not necessarily require an ASTM Stoddard solvent. Due to definitional overlaps with aliphatics and paraffins, SBP market size is estimated to be high, when Exxon, Shell, Calumet, and Citgo products with SBP features are included.
•Aromatics, excluding toluene and xylene (T&X), hold x % share, while mineral spirits hold x %.
•Aromatics and mineral spirits exhibit lower growth than n-paraffins, isoparaffins, dearomatized aliphatics, and SBPs.
•Low vapor pressure (LVP)* SBPs and dearomatized aliphatics are expected to be the main HCS of the future.
•Exxon and Calumet are expected to remain market leaders given their large production capacity and focus on growing applications such as oilfield and drilling and I&I cleaning.
•Paints and coatings, and adhesives and sealants are large end-use segments with diverse downstream potential*. Paints and coatings, and adhesives and sealants are traditional end-use segments for HCS and comprise about x % market share. Applications in automotive and corrosion protection sustain the use of HCS in coatings and adhesives.
•Oilfield and drilling constitutes x % of the total HCS market, and is the fastest-growing end-use segment, and is expected to grow at a CAGR of x %.
•Functional fluids (e.g., hydraulic fluids, lube and fuel additives, and lighter fluids) hold roughly x % market share, and process chemicals (e.g., catalyst-based processes, polymerization, textile and paper processing, oilseed extraction) about x %, and both end-use segments are expected to grow with CAGRs of x %.
•Industrial and institutional cleaning (I&I cleaning) includes dry cleaning and constitutes x % of the total market and is expected to grow at a CAGR of x %.
•The HCS used in functional fluids, process chemicals, consumer products, and pharmaceuticals exhibit higher average price points due to higher regulatory requirements and the inclusion of dearomatized aliphatics and SBPs.

Product Application Roadmap

Key Takeaway: Oilfield and drilling, I&I cleaning, process chemicals, and functional fluids are significantly large segments that are also growing faster than average.
•The oilfield and drilling, I&I cleaning, process chemicals, functional fluids, and paints and coatings end-use segments are sustaining the market demand for HCS.
•Suppliers can offer end-use-focused HCS, creating brands and product groups, based on researched criteria (e.g., LVP, low viscosity, degreasing power, chemical stability), combined with competitive technical service per vertical market.
•Paints and coatings is a mature segment but a large one being sustained as an end user of HCS.
•End-use segments such as paints and coatings, adhesives and sealants, consumer products, and printing inks have lowered the CAGR for the HCS market to x %.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

2017 Global Paint and Coatings Market: Future Horizons and Growth Strategies--Business Assessments of Leading Suppliers

  • $ 12700
  • Industry report
  • March 2017
  • by Venture Planning Group

Complete report $12,700.  Individual company assessments $2,450. This thought-provoking report on performance, capabilities, goals and strategies of the major competitors in the worldwide paints and coatings ...

Solvent Market by Type, Application, Source - Global Forecast to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“Growing automotive and construction industry to drive the solvents market” The market size of solvents is estimated to be valued at USD 19.35 billion in 2016 and is projected to reach USD 28.25 billion ...

Fluorosurfactants Market by Type, Application, Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“Fluorosurfactants market to grow at a CAGR of 9.8% during the forecast period” The fluorosurfactants market size is projected to reach USD 667.4 million by 2021, at a CAGR of 9.8% from 2016 to 2021. ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.