Global Light Solvent Oils Market Growth 2025-2031

The global Light Solvent Oils market size is predicted to grow from US$ 348 million in 2025 to US$ 447 million in 2031; it is expected to grow at a CAGR of 4.3% from 2025 to 2031.

Light solvent oil refers to a category of refined petroleum products primarily composed of low-boiling-point hydrocarbons. These oils are used as industrial solvents due to their excellent solvency properties and relatively low toxicity. Light solvent oils are clear, colorless, volatile liquids and are typically characterized by their boiling range and evaporation rates. They are widely employed in industries like paints, coatings, cleaning products, and chemical formulations.

United States market for Light Solvent Oils is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Light Solvent Oils is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Light Solvent Oils is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Light Solvent Oils players cover Piramal Petroleum, ExxonMobil Corporation, Shell, TotalEnergies, SK Global Chemical, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Light Solvent Oils Industry Forecast” looks at past sales and reviews total world Light Solvent Oils sales in 2024, providing a comprehensive analysis by region and market sector of projected Light Solvent Oils sales for 2025 through 2031. With Light Solvent Oils sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Light Solvent Oils industry.

This Insight Report provides a comprehensive analysis of the global Light Solvent Oils landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Light Solvent Oils portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Light Solvent Oils market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Light Solvent Oils and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Light Solvent Oils.

This report presents a comprehensive overview, market shares, and growth opportunities of Light Solvent Oils market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Naphthenic Solvent Oil
Paraffin Solvent Oil
Aromatic Solvent Oil

Segmentation by Application:
Personal Care and Cosmetics
Agriculture
Chemical

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Piramal Petroleum
ExxonMobil Corporation
Shell
TotalEnergies
SK Global Chemical
Indian Oil Corporation Limited (IOCL)
Sinopec
BASF
Twin Specialties
Sonneborn
Resolute Oil
CRC Industries
KH Petrochem

Key Questions Addressed in this Report

What is the 10-year outlook for the global Light Solvent Oils market?

What factors are driving Light Solvent Oils market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Light Solvent Oils market opportunities vary by end market size?

How does Light Solvent Oils break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.