Global Solvent Oils Market Growth 2025-2031

The global Solvent Oils market size is predicted to grow from US$ 54230 million in 2025 to US$ 70460 million in 2031; it is expected to grow at a CAGR of 4.5% from 2025 to 2031.

Solvent oils are hydrocarbons or chemical compounds primarily used as solvents in various industrial, commercial, and chemical processes. These oils are derived from petroleum or other sources through refining and distillation processes, and they are typically composed of paraffins, naphthenes, and aromatic hydrocarbons. Solvent oils are widely used due to their ability to dissolve or disperse other substances without undergoing chemical change themselves.

United States market for 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 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 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 Solvent Oils players cover Shell, Exxon Mobil, Petro China, Neste Oyj, Dana Lubricants Factory, 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 “Solvent Oils Industry Forecast” looks at past sales and reviews total world Solvent Oils sales in 2024, providing a comprehensive analysis by region and market sector of projected Solvent Oils sales for 2025 through 2031. With Solvent Oils sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solvent Oils industry.

This Insight Report provides a comprehensive analysis of the global 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 Solvent Oils portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solvent Oils market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 Solvent Oils.

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

Segmentation by Type:
Light Solvent Oils
Heavy Solvent Oils

Segmentation by Application:
Oil & Gas
Chemical
Pharmaceuticals
Agriculture

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.
Shell
Exxon Mobil
Petro China
Neste Oyj
Dana Lubricants Factory
Sasol
Sinopec Group
Eastern Petroleum
Total Energies
Maohua Shihua
Idemitsu
Luoyang Jinda
SK
Niya
Gandhar Oil Refinery
Cepsa
Mehta Petro Refineries
Ramos Oil

Key Questions Addressed in this Report

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

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

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

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

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

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