De-Aromatic Solvents Market, By Type (Aliphatic Solvents, Cycloaliphatic Solvents, and Other Types), By Application (Paints and Coatings, Adhesives, Cleaning Agents, Printing Inks, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
The global de-aromatic solvents market has been growing significantly over the past decade due to rising demand from various end-use industries including paints & coatings, adhesive & sealants, and polymer & rubbers, among others. De-aromatic solvents are refined petroleum products that are free from aromatics and possess excellent solvent properties. They provide superior compatibility along with low evaporation rate and odor as compared to conventional solvents. Furthermore, stringent regulations regarding VOC emissions have further propelled the demand for these environment-friendly solvents across the globe. The paints & coatings industry accounted for the largest share of the global de-aromatic solvents market in 2021 owing to increasing applications of de-aromatic solvents as thinners in various coatings. Asia Pacific emerged as the highest revenue generating region representing over 35% share of the total market revenue in 2021.
Market Dynamics:
The global de-aromatic solvents market is primarily driven by rising demand from the paints & coatings industry and stringent environmental regulations regarding VOC emissions. Rapid industrialization and infrastructural development activities across emerging economies of Asia Pacific and Latin America have augmented the consumption of paints & coatings which, in turn, has boosted the demand for de-aromatic solvents. However, volatile raw material prices remain a key challenge for market players due to dependency on crude oil. Furthermore, availability of cheap substitutes such as conventional aromatic based solvents can threaten the growth of de-aromatic solvents market. On the brighter side, increasing R&D investments for developing bio-based and eco-friendly solvents present lucrative opportunities for manufacturers over the forecast period.
Key Features of the Study:
Detailed Segmentation-
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
- 4. Global De-Aromatic Solvents Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global De-Aromatic Solvents Market – COVID-19
- Impact Analysis
- 5. Global De-Aromatic Solvents Market, By Type, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Aliphatic Solvents
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Cycloaliphatic Solvents
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Other Types
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- 6. Global De-Aromatic Solvents Market, By Application, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Paints and Coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Adhesives
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Cleaning Agents
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Printing Inks
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- 7. Global De-Aromatic Solvents Market, By Region, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Regions/Countries
- South Africa
- North Africa
- Central Africa
- 8. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- ExxonMobil Chemical Company
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Shell Chemicals
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- TotalEnergies
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- SABIC
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Chevron Phillips Chemical Company
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Huntsman Corporation
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- LyondellBasell Industries
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- INEOS Group
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Evonik Industries
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Eastman Chemical Company
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- BASF SE
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Repsol
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Mitsubishi Chemical Holdings
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Delek US Holdings
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Clariant AG
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Solvay S.A.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Fuchs Petrolub SE
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Oxea GmbH
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Cepsa
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Kraton Corporation
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- 9. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 10. Section
- References
- Research Methodology
- About Us and Sales Contact
- * Browse 50 market data tables* and 40 figures* on “Global De-Aromatic Solvents Market” - forecast to 2031.
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