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Emea Dearomatic Solvents Market to Extent an Assessed Value of US$ 556.0 Mn by 2024
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Resins and paints segment is expected to account for a market value share of 42.9% by 2024 end. The segment, however, is expected to witness a loss of nearly 160 basis points by end of 2024, owing to the anticipated increase in demand for alternatives such as water based paints and powder coatings over the forecast period. Another major application area of de-aromatic solvents is cleaning and degreasing products. This segment is expected to witness a gain of nearly 10 basis points between 2016 and 2024.
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Mn in 2016. It is projected to account for US$ 119.1 Mn by the end of 2024. Rest of EMEA region accounted for the largest market value share of 40.4% in 2016. Revenue from this segment is expected to increase at CAGRs of 5.6% during the forecast period.
Some of the key players identified in the EMEA de-aromatic solvents market include Royal Dutch Shell plc., Idemitsu Kosan Co., Ltd., Total S.A., Neste, Exxon Mobil Corporation, and DHC Solvent Chemie GmbH.
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