Demand for De-Aromatic Solvent Is Projected To Exhibit Growth At 6.2% CAGR BY 2033
The global de-aromatic solvent market is anticipated to reach a valuation of US$ 2.2 billion in 2023 and further expand at a CAGR of 6.2% to reach US$ 4.0 billion by the end of 2033. A de-aromatic solvent is also termed an ultra-low aromatic solvent or de-aromatized hydrocarbon solvent. These are a subclass of hydrocarbon solvents with very little (less than 1%) aromatic content and a high concentration of naphthenic, paraffinic, and iso-paraffinic components, among others.
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The structure of the report comprises the systematic collection and analysis of information from social and opinion research about certain people or organizations. Various definitions, industry segmentations or categories, industry applications, and value chain topologies are included in the report. With careful research and analysis, the market report covers a variety of sectors linked to the Chemical & Materials industry. When creating a De-aromatic Solvents Market research document for a customer, FactMR staff adheres attentively to all market-related factors.
Consumers are also made aware of how the product is utilized in the current market environment by the market drivers and restraints examined in this market study, which also provide predictions about how the practice will develop in the future. The De-aromatic Solvents market survey report offers descriptions of market definitions, classifications, applications, interactions, and market trends as a window into the market.
Market Players: –
- Exxon Mobil Corporation
- Shell plc
- Idemitsu Kosan Co., Ltd.
- Neste
- Raj Petro Specialities Pvt. Ltd.
- DHC Solvent Chemie GmbH
- Avani Petrochem Pvt. Ltd.
- Calumet Specialty Products Partners, L.P.
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Segmentation of De-aromatic Solvent Industry Research
- By Flash Point :
- Low Flash Point Solvent
- Medium Flash Point Solvent
- High Flash Point Solvent
- By Boiling Point :
- Type 1 (150-200°C)
- Type 2 (200-240°C)
- Type 3 (> 240°C)
- By Application :
- Paint & Coatings Formulation
- Printing Inks Formulation
- Varnishes Formulation
- Wood Preservatives Formulation
- adhesives and sealants Formulation
- Cleaning Solvents Formulation
- Drilling Fluids
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Growing Use of De-aromatic Solvent in Paint & Coatings Sector”
De-aromatic solvents are widely used in paint formulations. De-aromatic solvents have various properties such as fast drying time, low VOC content, and low odor. All of these characteristics make de-aromatic solvent a preferred choice for paint and coatings formulations. The market is anticipated to increase as a result of rising demand for paints & coatings from both the residential and commercial sectors.
The growing paint and coating industry is anticipated to project high growth opportunities. For instance, the global paints and coatings market reached a valuation of US$ 184.0 billion in 2021, which is around 20.0% larger than the market value of 2019.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
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