De-Aromatic Solvents Market was valued at USD 4.50 Billion in 2022 and is projected to reach USD 6.80 Billion by 2030, growing at a CAGR of 5.50% from 2024 to 2030.
The global De-Aromatic Solvents market was valued at approximately USD 3.5 billion in 2022, reflecting a steady growth trajectory. The market is projected to expand at a Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2030. This growth is driven by increasing demand for de-aromatic solvents in various industrial applications including paints and coatings, automotive, and adhesives due to their low aromatic content and improved environmental compliance. The demand for these solvents is further bolstered by stricter regulations on volatile organic compounds (VOCs) and the push towards greener alternatives in industrial processes.
Opportunities in the De-Aromatic Solvents market are emerging as key industries seek solutions that offer both performance and environmental benefits. The market is witnessing significant investment in research and development to enhance the properties of de-aromatic solvents and expand their applications. Additionally, growth in emerging economies, particularly in Asia-Pacific and Latin America, is creating new avenues for market expansion. These regions are experiencing rapid industrialization and infrastructure development, which is expected to drive demand for de-aromatic solvents in various sectors. Companies are focusing on capturing these growth opportunities by aligning their product offerings with the evolving market needs and regulatory standards.
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Exxon Mobil
Royal Dutch Shell
Mehta Petro Refineries
Sasol
SK
Cepsa
Gandhar Oil Refinery
Neste Oyj
China Petrochemical Corporation
China National Petroleum Corporation
LuoYang JinDa Petrochemistry Industry
MAOMINGPETRO-CHEMICALSHIHUA
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global De-Aromatic Solvents Market
Paints and Coatings
Metal Processing
Industrial Cleaning
Consumer Products
Drilling Fluid
Adhesives and Sealants
Others
Based on Types the Market is categorized into Below types that held the largest De-Aromatic Solvents market share In 2023.
Low-flash Point
Mid-flash Point
High flash Point
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global De-Aromatic Solvents Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global De-Aromatic Solvents Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global De-Aromatic Solvents Market, By Type
6. Global De-Aromatic Solvents Market, By Application
7. Global De-Aromatic Solvents Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global De-Aromatic Solvents Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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