openPR Logo
Press release

India De-aromatic Solvents Market By Type Manufacturers, Regions, Industry Analysis & Forecast 2024

India De-aromatic Solvents Market By Type Manufacturers,

Demand for de-aromatic solvents continues to surge in India. According to a new report published by Persistence Market Research, the de-aromatic solvents market in India is set to ride at a CAGR of 7.1% between 2016 and 2024. Increasing concerns over the hazards caused by the use of conventional solvents and a corresponding increase in demand for effective yet safer and eco-friendly alternatives is expected to fuel the demand for de-aromatic solvents in India during the assessment period.

The de-aromatic market in the western part of the country is expected to witness the highest growth, while the Northern and the Southern parts will also continue to account for respectable market shares. On the other hand, growth of the market will be sluggish in the eastern part of India over 2024.

The report titled "De-aromatic Solvents Market: India Industry Analysis and Forecast, 2016-2024" reveals that in 2016, INR 2,925.9 Mn were garnered from the sales of de-aromatic solvents in India, which is projected to reach INR 5,073.4 Mn by 2024-end, reflecting a CAGR of 7.1%.

To remain 'ahead' of your competitors, request for a samples@

https://www.persistencemarketresearch.com/samples/15913

india de aromatic solvents market

india de aromatic solvents market

The chemicals and materials vertical would be witnessing an eco-friendly transformation in the upcoming period. Plastic waste recycling would be one amongst these green initiatives. This would also be an era of materials informatics, i.e. machine learning would be employed to the materials' development, which would, apart from improving on the cost of R&D, also provide better agility.

Synthetic biology would be another trend ruling the roost, as it would facilitate more flexible distribution of the chemicals and also help in exploration of novel markets, that too, at lower costs. Persistence Market Research is into tabling of these details of the chemicals and materials vertical through its team of riveting analysts and consultants.

India De-Aromatic Solvents Market: Key Trends

Rising preference for high flash point products for metal working and drilling fluids applications expected to provide an impetus on the market.
Some of the leading market participants are actively focusing on offering de-aromatic solvents that cater to specific end-use requirements.
Of late, companies that are operating de-aromatic solvents market globally, are laying emphasis on further quality improvement and boosting the production of solvents using natural gas-based feedstock, which is synthesized using Gas-To-Liquid (GTL) technology as against conventional oil-based feedstock.
The region of Asia Pacific is expected to be an attractive destination for manufacturers and suppliers of de-aromatic solvents, owing to its growing demand from some of emerging countries such as China, India and South Korea.
Also, manufacturers are channelizing resources towards ramping up production capacities in order to cater to the soaring demand from a diverse set of industries.

For critical insights on this market, request for ask an expert here @

https://www.persistencemarketresearch.com/ask-an-expert/15913

Persistence Market Research's study on the India de-aromatic solvents market identified that the medium flash point de-aromatic solvent accounted for more than 76% value share of the market in 2016. However, the market share of medium flash point de-aromatic solvent is likely to decline slightly during the assessment period.

Based on boiling point, type 2 (185-240°C) de-aromatic solvents are expected to remain highly lucrative for manufacturers in India. In 2016, type 2 de-aromatic solvent accounted for around 76.3% share in terms of value and expected to remain dominant throughout the forecast period.
Use of de-aromatic solvents in paints, coatings and inks manufacturing is projected to remain significantly high over the next couple of years. Meanwhile, their use in metal working is expected to grow rapidly due to increasing adoption of less toxic and non-corrosive high flash point de-aromatized solvents in metal working applications. By 2024-end, around INR 1,112.4 Mn worth de-aromatic solvent will be used for metal working.

Exxon Mobil Corporation, Royal Dutch Shell plc., Mehta Petro Refineries Ltd, Raj Petro Specialities Pvt Ltd, Eastern Petroleum Pvt. Ltd., Total S.A., and Avani Petrochem Private Ltd are amongst some of the prominent companies that operating in the India de-aromatic solvents market.

For in-depth competitive analysis, buy now@

https://www.persistencemarketresearch.com/checkout/15913

Read More Trending "PMR Exclusive Article"

Global Market Study on Isoparaffin Solvents: https://www.persistencemarketresearch.com/market-research/isoparaffin-solvents-market.asp

Global Market Study on 2-Ethylhexanol: https://www.persistencemarketresearch.com/market-research/2-ethylhexanol-market.asp

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release India De-aromatic Solvents Market By Type Manufacturers, Regions, Industry Analysis & Forecast 2024 here

News-ID: 2671128 • Views: 179

More Releases from Persistence Market Research

Protective Cultures Market Key Players, Size, Share, Analysis and Forecast To 20 …
A report published by Persistence Market Research, titled Protective Cultures Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028′, the protective cultures market was valued at US$ 136.1 Mn at the end of 2018 in terms of value, and is forecast to reach US$ 922.4 Mn by the end of 2028. The global protective cultures market is expected to grow at a CAGR of 21.1% in terms of value from the
Butter Fat Fraction Market Global Industry Analysis, By Key Players Forecast to …
A new report published by the Persistence Market Research, titled 'Butter Fat Fraction Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2028', projects that the butter fat fraction market is expected to reach US$ 101.3 Mn in terms of market value by the end of 2018 (estimated year). The butter fraction market is forecasted to reach US$ 209 Mn by the end of 2028 (forecast
Commercial Seaweeds Market by Type, Application, Growth and Analysis - 2028
Persistence Market Research recently published a report, titled 'Commercial Seaweed Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028'. The report has valuated global commercial seaweed market at nearly US$ 13.9 Bn in 2018 and forecasts the market to surpass the value of US$ 19 Bn by the end of 2028. According to PMR's study, East Asia is expected to remain the largest market for commercial seaweed by the end of
Flax Protein Powder Market is expected to grow at a CAGR of over 5.5% from 2018 …
The latest report by Persistence Market Research, titled 'Flax Protein Market: Global Industry Analysis 2013-2017 and Forecast 2018-2027', provides some vital insights on the global flax protein market in terms of value and volume. The report states that, the global flax protein market was valuated at around US$ US$ 48 Mn in 2018, which is expected to grow at a CAGR of over 5.5% from 2018 to 2027. PMR provides some

All 5 Releases