Press release
De-aromatic Solvents Market to Hit $2.4 Bn by 2032 with 5.6% CAGR | Persistence Market Research
Get a Sample Report: https://www.persistencemarketresearch.com/samples/9926
Market Dynamics: Key Growth Drivers
The de-aromatic solvents market is propelled by various factors, including:
• Stringent Environmental Regulations: Governments and regulatory bodies are imposing stricter rules on volatile organic compound (VOC) emissions, leading industries to shift towards de-aromatic solvents.
• Growing Industrial Applications: These solvents find applications in paints & coatings, adhesives, printing inks, metalworking, and cleaning agents.
• Rising Awareness of Health and Safety: Traditional solvents with high aromatic content pose health hazards. Industries are increasingly adopting de-aromatic alternatives to ensure worker safety and regulatory compliance.
• Expansion of End-Use Industries: The automotive, construction, and chemical sectors are expanding rapidly, further driving demand for de-aromatic solvents.
Regional Analysis: Leading Markets
The global de-aromatic solvents market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
• Asia-Pacific Dominance: The region is expected to witness the highest growth due to industrialization, infrastructural development, and a rising emphasis on sustainable practices.
• North America & Europe: These regions are witnessing increased adoption due to stringent VOC emission laws and a strong focus on eco-friendly alternatives.
• Middle East & Africa: Growth in the oil & gas sector is boosting demand for de-aromatic solvents in this region.
Competitive Landscape: Key Players and Strategies
Major companies operating in the de-aromatic solvents market are investing in research and development, mergers, acquisitions, and strategic partnerships to strengthen their market presence. Key players include:
• ExxonMobil Corporation
• Royal Dutch Shell Plc
• TotalEnergies SE
• Neste Corporation
• SK Geo Centric Co., Ltd.
• Isu Exachem
These companies are focusing on product innovations and sustainability-driven initiatives to stay ahead in the competitive landscape.
Future Outlook: Opportunities and Challenges
While the market presents promising growth opportunities, it also faces certain challenges:
• Opportunities: Increasing demand for low-odor, high-purity solvents in niche applications such as pharmaceuticals and cosmetics.
• Challenges: High production costs and availability of alternative green solvents may pose a threat to market expansion.
Conclusion: A Thriving Market with Sustainable Growth
With increasing regulatory support, growing industrial applications, and the rising preference for eco-friendly solvents, the de-aromatic solvents market is poised for substantial growth. By 2032, the industry is expected to reach $2.4 billion, marking a significant transformation towards sustainability and innovation.
Read More Trending "PMR Exclusive Article":
https://www.linkedin.com/pulse/green-steel-market-europe-set-massive-growth-zf1ke
https://www.linkedin.com/pulse/north-america-leads-broadcast-scheduling-software-e9tbe
https://www.linkedin.com/pulse/us-hot-briquetted-iron-industry-trends-jws7e
https://www.linkedin.com/pulse/us-small-autonomous-pleasure-boat-industry-ybmte
https://www.linkedin.com/pulse/field-service-management-industry-booming-news-qjote
https://www.linkedin.com/pulse/specialties-lube-oil-refinery-industry-y4rwe
Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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 De-aromatic Solvents Market to Hit $2.4 Bn by 2032 with 5.6% CAGR | Persistence Market Research here
News-ID: 3884909 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
