The global demand for De-Aromatic Solvents Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Tons in 2021 and foreseen to touch XX Tons by 2028 with a CAGR of XX% during 2021-2027.
De-aromatized solvents or de-aromatized hydrocarbon are those hydrocarbon solvents which have less than 100 ppm of aromatic content. These are comprised of highly hydrogenated products. They have a low-penetration smell and a wide range of distillation and very low aromatic content. They are majorly used in low odor paints, degreasers, adhesives, dry cleaning, and air fresheners.
Growing awareness concerning the negative impact of traditional solvents on the environment fuels the growth of the de-aromatic solvents market under the study period. Rising traditional solvents replacement with de-aromatic solvents due to its beneficial properties such as less VOC content, toxicity, and odorlessness accelerates the market growth of de-aromatic solvents. Moreover, growing demand from the metalworking industry for higher flash point of de-aromatic solvents is positively impacting the growth of the global de-aromatic solvents market. Growing paint, coatings, and inks industry across the globe, coupled with growth in the consumer products sector is expected to enhance the demand for de-aromatic solvents that has application across these industries. De-aromatic solvents manufacturers are creating a strategy to raise their production capacity to fulfill the rising demand across various applications.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of de-aromatic solvents.
The entire De-Aromatic Solvents market has been sub-categorized into application
, flash point
, boiling point
. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Flash Point
- Paints, Coatings and Inks
- Metal Working
- Industrial Cleaning
- Adhesives and Sealants
- Drilling Fluids
- Consumer Products
By Boiling Point
- Low Flash Point
- Medium Flash Point
- High Flash Point
- Type 1 (<1850C)
- Type 2 (1850C – 2400C)
This section covers regional segmentation which accentuates on current and future demand for de-aromatic solvents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global De-Aromatic Solvents Market Share by Region (Representative Graph) Reprot
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the de-aromatic solvents market include Avani Petrochem Pvt. Ltd., Calumet Specialty Products Partners L.P., CEPSA, DHC Solvent Chemie GmbH, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd., ISU EXACHEM Co. Ltd., Neste Oyj, Raj Petro Specialities Pvt. Ltd., Royal Dutch Shell PLC, SK Global Chemical Co. Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.