De-Aromatic Solvents Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Exxon Mobil, Royal Dutch Shell, Mehta Petro Refineries, Eastern Petroleum

The global de-aromatic solvents Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.8% during the review period (2022 to 2027)

De-Aromatic Solvents Market Overview

De-aromatic solvents which are also known as de-aromatized hydrocarbon solvents are class of hydrocarbon solvents which are characterized with the presence of iso-paraffinic, paraffinic and naphthenic components with significantly low aromatic content in which case < 400 ppm.De-Aromatic Solvents downstream is wide and recently De-Aromatic Solvents has acquired increasing significance in various fields of Paints & Coatings, Metal Working, Industrial Cleaning, Consumer Products, Drilling Fluids and Adhesives & Sealants. Globally, the De-Aromatic Solvents market is mainly driven by growing demand for Paints & Coatings. Paints & Coatings accounts for nearly 42.53% of total downstream consumption of De-Aromatic Solvents in global.De-aromatics solvents replace traditional solvents such as mineral or white spirits. De-aromatics possess low to extremely low aromatic content (typically less than 1 wt%), as compared to their replacements such as mineral or white spirits, and possess low odor & levels of toxicity.De-aromatics solvents maintain good solvency characteristics without compromising safety, health, and environmental standards. De-aromatics are extensively utilized in paints & coatings, adhesives & sealants, drilling fluids, insecticides, metal working fluids, industrial & institutional cleaning, and in drilling fluids.De-aromatic solvents are effective alternatives to conventional solvents such as mineral or white spirits. These de-aromatized hydrocarbon solvents find application across various industries in paints, coatings and inks, metal working fluids, industrial cleaning, adhesives and sealants, drilling fluids, consumer products such as household insecticides, and some other niche applications.

Who are the Major Players in the De-Aromatic Solvents Market?

Top Key Players in the De-Aromatic Solvents Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global De-Aromatic Solvents Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Exxon Mobil, Royal Dutch Shell, Mehta Petro Refineries, Eastern Petroleum, SK, Cepsa, Gandhar Oil Refinery, Neste Oyj, Sinopec, Petro China, Luoyang Jinda, Maohua Shihua and others.

Recent Developments

• In Gulf of Mexico, Shell Restores Production at Mars and Ursa  - Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully agiain started production at our Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143 (WD-143) “A” facility.


• The largest producer of renewable diesel and jet fuel in the world is Neste. This is possible thanks to our proprietary NEXBTL technology – a unique platform that allows us to turn a wide variety of renewable fats and oils into premium-quality renewable products, such as fuels and feedstock for polymers and chemicals production.

What are the major Applications, Types and Regions for De-Aromatic Solvents Market?

By Type, De-Aromatic Solvents Market has been segmented into 

• Low Flash Point


• Medium Flash Point


• High Flash Point

By Application on De-Aromatic Solvents Market is, 

• Paints & Coatings


• Metal Working


• Industrial Cleaning


• Consumer Products


• Drilling Fluids


• Adhesives & Sealants


• Others

De-Aromatic Solvents Market Regional Analysis

China is likely to be a major user and producer of de aromatic solvents, with the market expanding at the fastest rate during the forecast period. Lower and medium flash point grades are the most popular in the country, accounting for more than three-quarters of the overall market share.The report offers an in-depth assessment of the growth and other aspects of the De-Aromatic Solvents Market in important regions, including the 

North America

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• Europe
  
  
  
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• Asia-Pacific
  
  
  
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  • Australia
  
  
  • South Korea
  
  
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• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

In 2020, the De-Aromatic Solvents market in the U.S. is estimated at USD 425.7 Million. China, the world's second largest economy, is forecast to reach a projected market size of USD 434.4 Million by the year 2027 trailing a CAGR of 6.8% over the analysis period 2020 to 2027. Japan and Canada, each forecast to grow at 1% and 2.8% respectively over the 2020-2027 period.

De-Aromatic Solvents Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global De-Aromatic Solvents Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.

What is our De-Aromatic Solvents Market report scope?

Key Takeaways from this De-Aromatic Solvents Report

• Evaluate De-Aromatic Solvents market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the De-Aromatic Solvents market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The De-Aromatic Solvents Market is studied from 2017 - 2027.

 What is the growth rate of De-Aromatic Solvents Market?

The De-Aromatic Solvents Market is growing at a CAGR of 3.8% over the next 5 years.

What regions does this De-Aromatic Solvents Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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