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, Eur

The global de-aromatic solvents market is estimated to be valued at USD 2.50 Bn in 2025, exhibiting a compound annual growth rate (CAGR) of 5% from 2025 to 2032. 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:

  • This report provides in-depth analysis of the global de-aromatic solvents market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global de-aromatic solvents market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include ExxonMobil Chemical Company, Shell Chemicals, TotalEnergies, SABIC, Chevron Phillips Chemical Company, Huntsman Corporation, LyondellBasell Industries, INEOS Group, Evonik Industries, Eastman Chemical Company, BASF SE, Repsol, Mitsubishi Chemical Holdings, Delek US Holdings, Clariant AG, Solvay S.A., Fuchs Petrolub SE, Oxea GmbH, Cepsa, and Kraton Corporation
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global de-aromatic solvents market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global de-aromatic solvents market
Detailed Segmentation-
  • Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Aliphatic Solvents
  • Cycloaliphatic Solvents
  • Other Types
  • Application Insights (Revenue, USD Bn, 2020 - 2032)
  • Paints and Coatings
  • Adhesives
  • Cleaning Agents
  • Printing Inks
  • Others
  • Regional Insights (Revenue, USD Tn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Key Players Insights
  • ExxonMobil Chemical Company
  • Shell Chemicals
  • TotalEnergies
  • SABIC
  • Chevron Phillips Chemical Company
  • Huntsman Corporation
  • LyondellBasell Industries
  • INEOS Group
  • Evonik Industries
  • Eastman Chemical Company
  • BASF SE
  • Repsol
  • Mitsubishi Chemical Holdings
  • Delek US Holdings
  • Clariant AG
  • Solvay S.A.
  • Fuchs Petrolub SE
  • Oxea GmbH
  • Cepsa
  • Kraton Corporation


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, 2020-2032 (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Aliphatic Solvents
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Cycloaliphatic Solvents
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Other Types
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
6. Global De-Aromatic Solvents Market, By Application, 2020-2032 (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Paints and Coatings
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Adhesives
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Cleaning Agents
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Printing Inks
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Others
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
7. Global De-Aromatic Solvents Market, By Region, 2020-2032 (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
Countries
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
Sub-regions/Countries
GCC Countries
Israel
Rest of Middle East
Africa
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
Market Size and Forecast, By Application, 2020- 2032 (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
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