De-Aromatic Solvents Market, (Paints & Coatings, Metal Working, Industrial Cleaning, Adhesives & Sealants, Drilling Fluids, Consumer Products, Others (Chemical Intermediates, crop protection, etc.)), By Flash Point (Low Flash Point (<410C), Medium Flash Point (410C – 800C), High Flash Point (>800C)), By Boiling Point (Type 1(1500C–2000C), Type 2(2000C–2400C), Type 3(2400C)). By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
De-aromatic solvents belongs to the class of hydrocarbon solvents, which are categorized by iso-paraffinic, paraffinic and naphthetic components with low aromatic property. The de-aromatic solvents are safe, eco-friendly, due to its less Volatile organic compounds (VOC) and less toxic nature.
Market Dynamics
The global De-aromatic solvents market has witnessed a significant growth in recent past years, owing to the rising demand for De-aromatic solvents from electronics manufacturers. Based on applications, the global De-aromatic solvents market is bifurcated into electronics, optics, power & energy and others. The major application of De-aromatic solvents is electronics across the world, owing to the increasing technological advancements in De-aromatic solvents as compared to sputtering targets. This is estimated to fuel the market growth during the forecast timeframe.
Based on Application, the global De-aromatic solvents market is divided into metals, alloys and compound. Among these segments, the metal is further segmented into precious and non-precious metals. Precious and non-precious metals type of metals dominated the global De-aromatic solvents market in 2022, owing to the increasing use of precious and non-precious metals as De-aromatic solvents. This is expected to boost the market growth of global De-aromatic solvents market in forecast period.
Furthermore, Asia Pacific dominated the global De-aromatic solvents market in 2022, owing to the increasing demand for coating films in various applications such as optical and others in this region. As a result, this scenario is estimated to foster the growth of global De-aromatic solvents market during the forecast timeframe.
Key features of the study:
This report provides in-depth analysis of the global De-aromatic solvents market, market size (US$ Billion and Metric Tons), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023–2030).
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, De-aromatic solvents products, regional outlook, and competitive strategy adopted by the leading players.
Key companies covered as a part of this study includes Exxon Mobil Corporation, Royal Dutch Shell plc., Total S.A., Idemitsu Kosan Co., Ltd., Neste Oyj, Calumet Specialty Products Partners, L.P., CEPSA, Gandhar Oil Refinery India Ltd., SK Global Chemical Co., Ltd., DHC Solvent Chemie GmbH
It profiles leading players in the global De-aromatic solvents market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
The global De-aromatic solvents market report caters to various stakeholders in this industry, including investors, product developers, distributors, De-aromatic solvents companies, research institutes, new entrants, and financial analysts.
Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the global De-aromatic solvents market.
Detailed Segmentation:
Global De-aromatic solvents Market, By Application: