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De-aromatic Solvents Market Forecasted to Grow at a 5.6% CAGR, Surpassing US$ 2.4 Bn by 2032 | Persistence Market Research
De-aromatic Solvents Market
De-aromatic solvents, known for their low odor, reduced toxicity, and environmental compatibility, are gaining popularity in applications such as paints & coatings, industrial cleaning, adhesives, sealants, and agrochemicals. Asia-Pacific is expected to lead the market due to rapid industrialization, infrastructure growth, and rising environmental awareness, particularly in China and India. The paints & coatings segment is currently the largest end-use category, benefiting from growth in the construction and automotive industries.
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✅Key Highlights from the Report:
➤ The de-aromatic solvents market will reach US$ 2.4 Bn by 2032 from US$ 1.6 Bn in 2025.
➤ Asia-Pacific is the leading regional market, supported by high consumption in construction and automotive sectors.
➤ Bio-based de-aromatic solvents to account for 10% to 15% market share by 2032.
➤ Paints & coatings remain the largest application segment globally.
➤ The CAGR is estimated at 5.6% during the forecast period from 2025 to 2032.
➤ Environmental regulations and sustainable practices are fueling demand for low-VOC and bio-based alternatives.
✅Market Segmentation:
The de-aromatic solvents market is segmented by product type, including low flash point, medium flash point, and high flash point solvents. Among these, medium flash point solvents dominate due to their balanced evaporation rate, safety, and effectiveness across diverse applications. High flash point solvents are gaining traction in safety-critical industries like aerospace and heavy manufacturing, while low flash point variants are primarily used where quick drying is necessary.
By end-use industry, the market is categorized into paints & coatings, industrial cleaning, adhesives & sealants, metalworking, agrochemicals, and others. The paints & coatings segment holds the largest market share, driven by global construction and infrastructure projects. Industrial cleaning is another key area, particularly with the rise of sustainable and effective cleaning solutions in manufacturing and maintenance environments.
✅Regional Insights:
In Asia-Pacific, rapid industrial development, urbanization, and growing automotive and construction sectors are propelling demand for de-aromatic solvents. China and India are witnessing major infrastructure projects, pushing the need for paints, coatings, and industrial chemicals that align with environmental standards.
North America and Europe are focusing on sustainable solutions. With tightening environmental norms, especially regarding VOC emissions, companies are shifting to bio-based solvents. Europe is also a hub for innovation in green chemistry, which supports market expansion in that region.
✅Market Drivers:
The market is largely driven by regulatory pressure on VOC emissions and toxic substances, which favors the adoption of de-aromatic solvents over traditional aromatics. Industries are increasingly turning to low-odor, low-toxicity alternatives to meet worker safety standards and sustainability goals. Moreover, the global rise in construction and automotive production has boosted demand for paints, coatings, and adhesives, indirectly fueling the solvents market.
✅Market Restraints:
Despite strong growth potential, the market faces restraints such as fluctuating prices of crude oil, from which most de-aromatic solvents are derived. This volatility affects production costs and pricing strategies. Additionally, limited awareness and availability of bio-based alternatives in emerging economies may slow their adoption. Concerns around the performance trade-offs of replacing conventional solvents also remain a hurdle.
✅Market Opportunities:
Growing emphasis on corporate sustainability and the circular economy presents vast opportunities for bio-based de-aromatic solvents. Technological advancements in green chemistry and renewable feedstock processing are reducing costs and improving product efficiency. Partnerships between chemical manufacturers and biotech firms could accelerate product innovation and market penetration in both developed and emerging regions.
✅Reasons to Buy the Report:
☑️ Gain detailed insight into the growth trends and future outlook of the de-aromatic solvents market.
☑️ Understand the market segmentation and which product categories will lead growth through 2032.
☑️ Identify key regions driving demand and the underlying reasons for their dominance.
☑️ Evaluate how regulatory and environmental factors are shaping the competitive landscape.
☑️ Discover opportunities in bio-based solvents and how your business can capitalize on them.
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✅ Key Players
✦ ExxonMobil Corporation
✦ Royal Dutch Shell Plc
✦ TotalEnergies SE
✦ Idemitsu Kosan Co., Ltd.
✦ CEPSA (Compania Espanola de Petroleos S.A.U.)
✦ Neste Oyj
✦ HCS Group GmbH (Haltermann Carless)
✦ DHC Solvent Chemie GmbH
✦ Mehta Petro Refineries Limited
✦ Ganga Rasayanie (P) Ltd.
■ In 2023, ExxonMobil launched a new series of low-aromatic hydrocarbon fluids targeting industrial and automotive sectors with improved biodegradability.
■ Neste announced a partnership in 2024 with biotech firm Clariant to co-develop bio-based de-aromatic solvents, expanding their green chemistry portfolio.
This detailed analysis of the de-aromatic solvents market presents a clear roadmap of how this industry is evolving in response to regulatory, technological, and environmental shifts. For manufacturers and investors alike, staying ahead of these changes will be key to capturing value in this dynamic market.
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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.
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