APAC De-aromatic Solvents Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (APAC)

APAC De-aromatic Solvents Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (APAC)

The de-aromatic solvents market in the Asia-Pacific (APAC) region is experiencing rapid growth, driven by stricter environmental regulations, rising industrial demand, and a shift towards more sustainable solutions.The de-aromatic solvents market in APAC is set to grow from USD 617.39 million in 2024 to USD 1,016 million by 2031, at a CAGR of 7.40%, driven by stricter environmental regulations and rising demand for eco-friendly solutions. This trend mirrors a global movement towards sustainability and health-conscious practices across various sectors.

Market Growth and Projections

Recent data reveals that the APAC de-aromatic solvents market is expanding at a notable pace, with forecasts suggesting that it could nearly double in the next decade. This impressive growth is underpinned by a robust compound annual growth rate (CAGR), reflecting strong and consistent upward momentum. The market's rising valuation highlights the increasing acceptance and need for de-aromatic solvents.

Understanding De-aromatic Solvents

De-aromatic solvents, also known as de-aromatized or hydro-treated solvents, are characterized by their significantly reduced levels of aromatic compounds. These compounds, such as benzene, toluene, and xylene, are harmful to both health and the environment. The de-aromatization process, which involves hydro-desulfurization, significantly reduces these harmful compounds, resulting in solvents that are safer and more environmentally friendly while still maintaining effective solvency properties.

Key Drivers of Market Growth

Several factors are fueling the growing demand for de-aromatic solvents. Chief among these is the tightening of environmental regulations aimed at reducing volatile organic compounds (VOCs) and their adverse effects on health and the environment. As governments and industries increasingly adopt greener practices, de-aromatic solvents are emerging as a preferable, eco-friendly alternative to traditional aromatic solvents.

The automotive sector is a major driver of this market's expansion. De-aromatic solvents are widely used in automotive paints and coatings to improve pigment dispersion and overall performance. The rising demand for high-quality finishes, coupled with a growing focus on eco-friendly solutions and the increasing popularity of electric vehicles (EVs), is boosting the demand for these solvents. Additionally, de-aromatic solvents are finding increasing use in battery manufacturing processes, including electrode preparation and electrolyte formulation, where they enhance performance and stability.

Sectoral Applications and Regional Trends

De-aromatic solvents play a crucial role in various industrial applications, such as paints, coatings, adhesives, and sealants. Their importance in achieving desired performance while complying with environmental regulations is evident. The market is particularly strong in East Asia, where rapid industrialization and expanding end-use sectors are driving demand.

In India, the market for de-aromatic solvents is growing significantly due to the country's rapid industrialization and increased production volumes. The expanding industrial base and rising demand in sectors such as consumer products and paints are contributing to a positive market outlook. Similarly, China, with its robust chemical industry, strong manufacturing sector, and rising solvent demand across various applications, remains a dominant player in the market.

Challenges and Considerations

Despite the favorable growth outlook, the market faces challenges, including the environmental and health risks associated with metalworking fluids. These fluids have been linked to health issues such as skin rashes, respiratory problems, and even cancer. Addressing these risks through safety measures and personal protective equipment is crucial for the ongoing growth and acceptance of de-aromatic solvents.

Competitive Analysis
• Idemitsu Kosan Co., Ltd
• Raj Petro Specialities P. Ltd.
• Arham Petrochem Private Limited
• Avant Petrochem Private Limited
• Isu Exachem Co. Ltd
• ExxonMobil Corporation
• Shell Plc
• to tal S.A.
• SK Global Chemical Co, Ltd.
• Mehta Petro-Refineries Limited
• Gandhar Oil Refinery (India) Ltd.
• Bharat Petroleum Corporation Limited
• Jun Yuan Petroleum Group



APAC De-aromatic Solvents Industry Research Segmentation

By Flash Point:
• Low Flash Point
• Medium Flash Point
• High Flash Point

By Boiling Point:
• Type 1
• Type 2
• Type 3

By Application:
• Paints, Coatings, and Inks
• Metalworking
• Industrial Cleaning
• Adhesives & Sealants
• Drilling Fluids
• Consumer Products
• Others

By Country:
• India
• China
• Japan
• South Korea
• Indonesia
• Malaysia
• Thailand
• Vietnam
• Singapore
• Australia and New Zealand
• Taiwan
• Rest of Asia Pacific



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