Mineral Oils & Thinners Market: By Applications (paints & coatings, pharmaceutical, adhesives, printing inks, rubber & polymer, agricultural chemicals and others); Types (mineral spirits, varnish makers & paints, paraffinic solvent, solvent 140 and others); and Geography (Asia-Pacific, North America, Europe, Rest of the World (RoW))- Forecasts till 2020
- Report Code: MI 1000
- Publish Date: Apr 2016
Mineral oils and thinners are used across various industries for one or more applications. It is used as a carrier to dissolve pigments and other ingredients, as well as to enhance certain properties such as the density of solutions. Mineral oils and thinners find their usage in various industries for different applications. They are used as carrier to dissolve pigments and other ingredients and to enhance certain properties such as density of the solutions.
The Global Mineral oils and thinners market was valued at USD 4,214.2 million in 2014. The market is estimated to be USD 4,272.6 million in 2015, and is projected to reach USD 4,583.0 million by 2020, at a CAGR of 1.4% from 2015 to 2020. In terms of volume, the market was estimated to be 4,934.1 KT in 2015, and projected to reach 5,203.4 KT by 2020, at a CAGR of 1.1% during the forecast period. Petroleum-based solvents are anticipated to dominate the solvent market due to the existing infrastructure and low costs of producing solvents from oil and gas. However, various stringent government regulations on the usage of high VOC solvents restricts the growth of this market.
The paints & coatings segment held the largest share of 48.3% in the global Mineral oils and thinners market in 2014 in terms of volume. This is due to continuously increasing demand for construction chemicals, which has led to increase in the usage of paints & coatings. This, in turn has led to the increased demand for aliphatic hydrocarbon solvents and thinners, globally.
Asia-Pacific dominated the global Mineral oils and thinners market, and contributed a share of around 52.0%, by volume, to the market in 2014. The market in the region is projected to grow at a CAGR 2.3% during the forecast period of 2015 to 2020. High growth in the end user industries, such as pharmaceuticals, paints & coatings, and cosmetics is expected to drive the growth of the market in Asia-Pacific.
In-depth profiling of the key players has been conducted, along with the recent developments (including new product launches, expansion and so on), and strategies adopted by them to sustain and strengthen their position in the Mineral oils and thinners market.
The key participants operating in the Mineral oils & thinners market are Exxon Mobil Corporation (U.S.), Royal Dutch shell PC (Netherlands), Gulf chemicals and industrial oils & co. (Saudi Arabia), and CPC Corporation (Taiwan), among others.
Table of Content​
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation & Coverage
1.3.2 Years Considered For The Study
1.4 Stakeholders
2 Research Methodology
2.1 Research Design
2.2 Secondary Data
2.2.1 Key Data From Secondary Sources
2.3 Primary Data
2.4 Market Size Estimation
2.4.1 Top Down Approach
2.4.2 Bottom Up Approach
2.5 Data Triangulation
2.6 Assumptions
3 Executive Summary
3.1 Mineral Oils And Thinners Market: Global Landscape
3.2 Mineral Oils And Thinners Market: Geography Snapshot
3.3 Mineral Oils And Thinners Market: Application Snapshot
3.4 Mineral Oils And Thinners Market: Type Snapshot
3.5 Mineral Oils And Thinners Life Cycle
4 Market Overview
4.1 Introduction
4.2 Mineral Oils And Thinners Market: Product Comparison
4.3 Mineral Oils And Thinners Market: Price Analysis, By Type
4.4 Value Chain Analysis
4.5 Market Dynamics
4.5.1 Market Drivers
4.5.2 Market Restraints
4.5.3market Opportunities
4.6 Porter’s Five Forces Model
5 Introduction
5.1 Varnish Makers & Paints
5.2 Mineral Spirits
5.3 Paraffinic Solvent
5.4 Solvent 140
6 Mineral Oils And Thinners Market, By Application
6.1 Introduction
6.2 Paints & Coatings
6.3 Pharmaceuticals
6.4 Adhesives
6.5 Printing Inks
6.6 Rubber & Polymer
6.7 Agricultural Chemicals
7 Mineral Oils And Thinners Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 By Geography
7.2.2 By Type
7.2.3 By Application
7.3 Europe
7.3.1 By Geography
7.3.2 By Type
7.3.3 By Application
7.4 Asia-Pacific
7.4.1 By Geography
7.4.2 By Type
7.4.3 By Application
7.5 Rest Of The World
7.5.1 By Geography
7.5.2by Type
7.5.3by Application
8 Competitive Landscape
8.1 Geographic Mix Of Key Market Players
8.2 Trend Toward Oxygenated Solvents
8.3 Organic Growth Strategies
8.4 Developments Recorded In 2014 And 2015
9 Company Profiles
9.1 Exxon Mobil Corporation
9.1.1 Overview
9.1.2 Product Portfolio
9.1.3 Recent Developments
9.1.4 Swot Analysis
9.1.5 Mnm View
9.2 Royal Dutch Shell Plc
9.2.1 Overview
9.2.2 Product Portfolio
9.2.3 Swot Analysis
9.2.4 Mnm View
9.3 Gulf Chemicals And Industrial Oils Co.
9.3.1 Overview
9.3.2 Product Portfolio
9.3.3 Swot Analysis
9.3.4 Mnm View
9.4 Cpc Corporation
9.4.1 Overview
9.4.2 Product Portfolio
9.4.3 Swot Analysis
9.4.4 Mnm View
9.5 Hunt Refining Company
9.5.1 Overview
9.5.2 Product Portfolio
9.5.3 Swot Analysis
9.5.4 Mnm View
9.6 Recochem Inc.
9.6.1 Overview
9.6.2 Product Portfolio
9.6.3 Mnm View
9.7 W.M. Barr & Company, Inc.
9.7.1 Overview
9.7.2 Product Portfolio
9.7.3 Mnm View
9.8 Noco Energy Corporation
9.8.1 Overview
9.8.2 Product Portfolio
9.8.3 Mnm View
9.9 Gotham Industries
9.9.1 Overview
9.9.2 Product Portfolio
9.9.3 Mnm View
9.10 Ashland Inc.
9.10.1 Overview
9.10.2 Product Portfolio
9.10.3 Mnm View
9.11 Phillips 66
9.11.1 Overview
9.11.2 Product Portfolio
9.11.3 Recent Developments
9.11.4 Mnm View
10 Appendix
10.1 Customization Options
10.1.1 Technical Analysis
10.1.2 Low-Cost Sourcing Locations
10.1.3 Regulatory Framework
10.1.4 Impact Analysis
10.1.5 Trade Analysis
10.2 Related Reports
10.3 Introducing Rt: Real Time Market Intelligence
List Of Tables
Table 1 - Mineral Oils & Thinners Market
Table 2 - Mineral Oils & Thinners Market, by Type, 2013-2020 (KT)
Table 3 - Mineral Oils & Thinners Market, by Type, 2013-2020 (USD MN)
Table 4 - Varnish Makers & Paints in Mineral Oils & Thinners Market,by Geography, 2013-2020 (KT)
Table 5 - Varnish Makers & Paints in Mineral Oils & Thinners Market,by Geography, 2013-2020 (USD MN)
Table 6 - Mineral Spirits in Mineral Oils & Thinners Market,by Geography, 2013-2020 (KT)
Table 7 - Mineral Spirits in Mineral Oils & Thinners Market,by Geography, 2013-2020 (USD MN)
Table 8 - Paraffinic Solvent in Mineral Oils & Thinners Market,by Geography, 2013-2020 (KT)
Table 9 - Paraffinic Solvent in Mineral Oils & Thinners Market,by Geography, 2013-2020 (USD MN)
Table 10 - Solvent 140 in Mineral Oils & Thinners Market,by Geography, 2013-2020 (KT)
Table 11 - Solvent 140 in Mineral Oils & Thinners Market,by Geography, 2013-2020 (USD MN)
Table 12 - Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 13 - Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 14 - Mineral Oils & Thinners Market in Paints & Coatings,by Geography, 2013-2020 (KT)
Table 15 - Mineral Oils & Thinners Market in Paints & Coatings,by Geography, 2013-2020 (USD MN)
Table 16 - Mineral Oils & Thinners Market in Pharmaceuticals,by Geography, 2013-2020 (KT)
Table 17 - Mineral Oils & Thinners Market in Pharmaceuticals,by Geography, 2013-2020 (USD MN)
Table 18 - Mineral Oils & Thinners Market in Adhesives,by Geography, 2013-2020 (KT)
Table 19 - Mineral Oils & Thinners Market in Adhesives,by Geography, 2013-2020 (KT)
Table 20 - Mineral Oils & Thinners Market in Printing inks,by Geography, 2013-2020 (USD MN)
Table 21 - Mineral Oils & Thinners Market in Printing inks,by Geography, 2013 –2020 (USD MN)
Table 22 - Mineral Oils & Thinners Market in Rubber & Polymer,by Geography, 2013-2020 (KT)
Table 23 - Mineral Oils & Thinners Market in Rubber & Polymer,by Geography, 2013-2020 (USD MN)
Table 24 - Mineral Oils & Thinners Market in Agricultural Chemicals,by Geography, 2013-2020 (KT)
Table 25 - Mineral Oils & Thinners Market in Agricultural Chemicals,by Geography, 2013-2020 (USD MN)
Table 26 - Mineral Oils & Thinners Market,by Geography, 2013-2020 (KT)
Table 27 - Mineral Oils & Thinners Market,by Geography, 2013-2020 (USD MN)
Table 28 - North America Mineral Oils & Thinners Market,by Geography, 2013-2020 (KT)
Table 29 - North America Mineral Oils & Thinners Market,by Geography, 2013-2020 (USD MN)
Table 30 - North America Mineral Oils & Thinners Market,by Type, 2013-2020 (KT)
Table 31 - North America Mineral Oils & Thinners Market,by Type, 2013-2020 (USD MN)
Table 32 - North America Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 33 - North America Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 34 - U.S. Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 35 - U.S. Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 36 - Canada Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 37 - Canada Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 38 - Europe Mineral Oils & Thinners Market,by Geography, 2013-2020 (KT)
Table 39 - Europe Mineral Oils & Thinners Market,by Geography, 2013-2020 (USD MN)
Table 40 - Europe Mineral Oils & Thinners Market,by Type, 2013-2020 (KT)
Table 41 - Europe Mineral Oils & Thinners Market,by Type, 2013-2020 (USD MN)
Table 42 - Europe Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 43 - Europe Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 44 - U.K. Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 45 - U.K. Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 46 - France Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 47 - France Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 48 - Germany Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 49 - Germany Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 50 - Rest Of Europe Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 51 - Rest Of Europe Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 52 - Asia-Pacific Mineral Oils & Thinners Market,by Geography, 2013-2020 (KT)
Table 53 - Asia-Pacific Mineral Oils & Thinners Market,by Geography, 2013-2020 (USD MN)
Table 54 - Asia-Pacific Mineral Oils & Thinners Market,by Type, 2013-2020 (KT)
Table 55 - Asia-Pacific Mineral Oils & Thinners Market,by Type, 2013-2020 (USD MN)
Table 56 - Asia-Pacific Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 57 - Asia-Pacific Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 58 - China Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 59 - China Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 60 - Korea Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 61 - Korea Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 62 - Japan Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 63 - Japan Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 64 - Rest Of Asia-Pacific Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 65 - Rest Of Asia-Pacific Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 66 - Rest Of The World Mineral Oils & Thinners Market,by Geography, 2013-2020 (KT)
Table 67 - Rest Of The World Mineral Oils & Thinners Market,by Geography, 2013-2020 (USD MN)
Table 68 - Rest Of The World Mineral Oils & Thinners Market,by Type, 2013-2020 (KT)
Table 69 - Rest Of The World Mineral Oils & Thinners Market,by Type, 2013-2020 (USD MN)
Table 70 - Rest Of The World Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 71 - Rest Of The World Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 72 - Latin America Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 73 - Latin America Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
Table 74 - Middle East & Africa Mineral Oils & Thinners Market,by Application, 2013-2020 (KT)
Table 75 - Middle East & Africa Mineral Oils & Thinners Market,by Application, 2013-2020 (USD MN)
List Of Figure
Figure 1 - Asia-Pacific Dominates The Global Mineral Oils & Thinner Market in 2015, And Is Projected To Continue The Same During The Forecast Period
Figure 2 - Mineral Oils & Thinners Market, by Geography (2015 & 2020)
Figure 3 - Mineral Oils & Thinners Market, by Application(2015 & 2020)
Figure 4 - Mineral Oils & Thinners Market, by Type (2015 & 2020)
Figure 5 - Mineral Oils & Thinners Market, Product Life Cycle
Figure 6 - Mineral Oils & Thinners Market (2015 & 2020)
Figure 7 - Mineral Oils & Thinners Market: Price Analysis (Global Average)
Figure 8 - Mineral Oils & Thinners Market,by Type: Growth Forecast, 2015 & 2020
Figure 9 - Mineral Oils & Thinners Market,by Application: Growth Forecast, 2015 & 2020
Figure 10 - Mineral Oils & Thinners Market in Paints & Coatings, 2015-2020
Figure 11 - Mineral Oils & Thinners Market in Pharmaceuticals,2015-2020
Figure 12 - Mineral Oils & Thinners Market in Adhesives, 2015-2020
Figure 13 - Mineral Oils & Thinners Market in Printing inks, 2015-2020
Figure 14 - Mineral Oils & Thinners Market in Rubber & Polymer,2015-2020
Figure 15 - Mineral Oils & Thinners Market in Agricultural Chemicals,2015-2020
Figure 16 - Mineral Oils & Thinners Market,by Geography: Growth Forecast, 2015 & 2020
Figure 17 - North America Mineral Oils & Thinners Market,by Country, 2015 (%)
Figure 18 - Europe Mineral Oils & Thinners Market,by Country, 2015 (%)
Figure 19 - Asia-Pacific Mineral Oils & Thinners Market,by Country, 2015 (%)
Figure 20 - Rest Of The World Mineral Oils & Thinners Market,by Country, 2015 (%)
There are a variety of Mineral oils and thinners which are being consumed globally, of which the preference of these solvents depends on various factors such as solvency, evaporation rate, boiling point, viscosity, and surface tension. Mineral oils and thinners can be used to dissolve a substance (solute) in it, thereby forming a solution. Apart from this, it is also used widely to suspend and carry a particular material.
The global Mineral oils and thinners market was valued at USD 4,272.6 million in 2015, and is projected to reach USD 4,583.0 million by 2020, at a CAGR of 1.4% from 2015 to 2020.
Various factors like high growth in the paints & coatings and pharmaceutical industry, growing penetration in the Asia-Pacific region and mineral spirit being good substitute to the turpentine are the factors driving the growth of the market.
The Mineral oils and thinners market has been segmented based on application, type and geography. The application segment has been further segmented into paints & coatings, pharmaceuticals, adhesives, rubber & polymer, printing inks, agricultural and others. The paints & coatings segment held the largest share of 48.3% in the global Mineral oils and thinners market in 2014 in terms of volume. This is due to continuously increasing demand for construction chemicals, which has led to increase in the usage of paints & coatings. This, in turn has led to the increased demand for Mineral oils and thinners, globally.
In terms of types, the varnish makers & paints segment accounted for the largest share in the global Mineral oils and thinners market of around 55.0% in 2014 in terms of volume, followed by mineral spirits contributing a share of 17.6% in the same year.
The key participants operating in the Mineral oils and thinners market are Exxon Mobil Corporation (U.S.), Royal Dutch shell PC (Netherlands), Gulf chemicals and industrial oils & co. (Saudi Arabia), and CPC Corporation (Taiwan), among others.
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