Press release
Innovations Unleashed: De-aromatic Solvents Market Set for Remarkable Growth (2023-2033)
The de-aromatic solvents market is currently valued at US$ 1.62 billion, and by 2033, it is expected to grow at a CAGR of 5.6% to reach US$ 2.8 billion. Due to rising consumption in India, China, and Japan, East Asia and South Asia Pacific are predicted to remain major regional markets in this industry.The de-aromatic solvents market is gaining traction as industries across various sectors prioritize environmentally friendly solvent solutions. De-aromatic solvents, also known as dearomatized solvents, offer a viable alternative to conventional aromatic solvents, with reduced levels of hazardous air pollutants and lower environmental impact.
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One of the key drivers behind the market's growth is the increasing focus on environmental regulations and sustainability. Industries are seeking solvent solutions that minimize their carbon footprint and comply with stringent regulations. De-aromatic solvents, derived from petroleum or natural sources, possess lower levels of volatile organic compounds (VOCs) and contribute to improved air quality, making them an attractive choice for environmentally conscious industries.
Moreover, the demand for de-aromatic solvents stems from their versatile nature and wide range of applications. These solvents find application in industries such as paints and coatings, adhesives, cleaning agents, and printing inks, among others. Their favorable properties, including high solvency power, low toxicity, and compatibility with various materials, make them suitable for diverse industrial processes.
Furthermore, the growing consumer awareness about the impact of solvents on human health and the environment is driving the adoption of de-aromatic solvents. As customers become more conscious of the products they use, industries are under pressure to provide sustainable and eco-friendly solutions. De-aromatic solvents, with their reduced environmental impact and improved health and safety profiles, align with the preferences of environmentally conscious consumers.
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As industries seek environmentally friendly solvent solutions, the de-aromatic solvents market is witnessing traction. The adoption of these solvents helps industries meet regulatory requirements, reduce their environmental footprint, and enhance their sustainability credentials. With their versatile applications and favorable properties, de-aromatic solvents are poised for continued growth as industries strive for environmentally responsible practices.
Companies Covered in This Report -
• ExxonMobil Corporation
• Shell Plc
• Total S.A.
• Idemitsu Kosan Co., Ltd
• Raj Petro Specialties P. Ltd.
• Neste Oyj
• Avani Petrochem Private Limited
• Isu Exachem Co. Ltd
• DHC Solvent Chemie GmbH
• Calumet Speciality Products Partner L.P.
• SK Global Chemical Co, Ltd.
• CEPSA
• Mehta Petro-Refineries Limited
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Key Segments of De-aromatic Solvents Industry Research
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 and Sealants
• Drilling Fluids
• Consumer Products
• Others
By Region:
• North America
• Latin America
• Europe
• South Asia Pacific
• East Asia
• Middle East and Africa (MEA)
About us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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