The global demand for Dearomatized Hydrocarbon Solvent Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
De-aromatized hydrocarbon solvents, often known as de-aromatic solvents, are a feasible alternative to standard solvents. Adhesives and sealants, corporate and commercial cleaning, metalworking fluids, printing ink solvents, petroleum byproducts, epoxy resins, and consumer products all utilize them. De-aromatic solvents have no odor and a low concentration of volatile organic molecules, making them less hazardous than standard solvents. As a result, these solvents are far safer than older solvents like chlorinated solvents and are regarded as eco-friendly goods with a lower environmental effect. Some advantages include a low to extremely low aromatic content, which reduces exposure issues and decreased odor and toxicity levels for comparatively high occupational exposure limits.
Market Dynamics
Because of their decreased volatile organic compound concentration and toxicity, de-aromatic solvents are increasingly being substituted for traditional solvents, which is supporting the market expansion of de-aromatic solvents, hence boosting their global demand. The paints and coatings sector accounts for most demand for de-aromatized hydrocarbon solvents used in manufacturing paints, varnishes, and polymers. De-aromatic solvents are used to manufacture consumer goods such as pesticides, mosquito repellents, and aerosols. Due to the presence of de-aromatic hydrocarbon solvents, insecticide aerosols or sprays do not produce smoke, further driving the market growth. The expanding adhesives and sealants industry is predicted to provide substantial potential opportunities for the market expansion of de-aromatized solvents. Fluctuating feedstock costs for de-aromatized hydrocarbon solvents and the growing demand for green products made from bio-based raw materials are predicted to limit the market growth.
The research 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 an inclusive assessment of each segment in the global market of dearomatized hydrocarbon solvent. The growth and trends of dearomatized hydrocarbon solvent industry provide a holistic approach to this study.
Market Segmentation
This section of the dearomatized hydrocarbon solvent market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Low Flash Point
- Medium Flash Point
- High Flash Point
By Application
- Agriculture
- Construction
- Automotive
- Industrial
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Dearomatized Hydrocarbon Solvent market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Dearomatized Hydrocarbon Solvent Market Share by Region (Representative Graph)
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 dearomatized hydrocarbon solvent market include Exxon Chemical, Royal Dutch Shell, Total S.A., Idemitsu Kosan Co., CEPSA, SK Global Chemical, DHC Solvent Chemie GmbH, China Petrochemical Corporation, China National Petroleum Corporation, Mehta Petro Refineries Ltd, Sasol Limited, Gandhar Oil Refinery, Arham Petrochem, Petroyag Lubricants, Junyuan Petroleum Group. This section consists of 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.
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