APAC De-aromatic Solvents Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (APAC)

The de-aromatic solvents market in the Asia Pacific (APAC) region is on a rapid growth trajectory, fueled by increasing environmental regulations, heightened industrial demand, and a shift toward eco-friendly solutions.The de-aromatic solvents market in APAC is set to grow from USD 617.39 million in 2024 to USD 1.01 billion by 2031, at a CAGR of 7.40%, driven by stricter environmental regulations and rising demand for eco-friendly solutions. This positive trend reflects a broader global movement towards sustainability and health-conscious practices across various industries.

Market Overview and Expansion

The APAC de-aromatic solvents market has recently demonstrated notable expansion. This growth is expected to continue robustly, with projections indicating that the market will nearly double in the next decade. This substantial growth is driven by a compound annual growth rate (CAGR) that highlights a strong and steady upward trend. The rise in market valuation underscores the increasing adoption and demand for de-aromatic solvents.

What Are De-aromatic Solvents?

De-aromatic solvents, also referred to as de-aromatized or hydro-treated solvents, are distinguished by their significantly reduced levels of aromatic compounds. Aromatic compounds, such as benzene, toluene, and xylene, are known for their harmful effects on health and the environment. The process of de-aromatization involves hydro-desulfurization, which minimizes these compounds, resulting in solvents that offer improved safety and environmental benefits while maintaining effective solvency properties.

Drivers of Market Growth

Several key factors are driving the surge in demand for de-aromatic solvents. One of the primary drivers is the increasing implementation of environmental regulations aimed at reducing volatile organic compounds (VOCs) and their impact on health and the environment. Governments and industries are adopting greener practices to address these concerns, which is steering the market towards de-aromatic solvents as eco-friendly alternatives to traditional aromatic solvents.

The automotive industry is a significant contributor to this market growth. De-aromatic solvents are extensively used in automotive paints and coatings to enhance pigment dispersion and overall coating performance. The growing demand for high-quality finishes, combined with an increasing focus on eco-friendly solutions and the rising popularity of electric vehicles (EVs), is boosting the need for these solvents. Additionally, de-aromatic solvents are increasingly utilized in battery manufacturing processes, including electrode preparation and electrolyte formulation, where they provide better performance and stability.

Sectoral Applications and Regional Insights

De-aromatic solvents are crucial in various industrial applications, including paints, coatings, adhesives, and sealants. Their role in these applications is essential for achieving desired performance while adhering to environmental regulations. The market for these solvents is particularly strong in East Asia, where rapid industrialization and expanding end-use sectors are driving demand.

In India, the de-aromatic solvents market is experiencing substantial growth due to rapid industrialization and increased production volumes. The country’s expanding industrial base and growing demand in sectors such as consumer products and paints are contributing to its positive market outlook. Similarly, China is a dominant player in the de-aromatic solvents market, driven by its robust chemical industry, strong manufacturing sector, and rising demand for solvents across various applications.

Challenges and Restraints

Despite the favorable growth prospects, the market faces certain challenges. One significant concern is the use of metalworking fluids, which can pose environmental and health risks. Metalworking fluids have been associated with various health issues, including skin rashes, respiratory problems, and even cancer. To mitigate these risks, safety measures and personal protective equipment are essential. However, addressing these challenges remains crucial for the continued growth and acceptance of de-aromatic solvents.

Competitive Analysis

• Idemitsu Kosan Co., Ltd
• Raj Petro Specialities P. Ltd.
• Arham Petrochem Private Limited
• Avant Petrochem Private Limited
• Isu Exachem Co. Ltd
• ExxonMobil Corporation
• Shell Plc
• to tal S.A.
• SK Global Chemical Co, Ltd.
• Mehta Petro-Refineries Limited
• Gandhar Oil Refinery (India) Ltd.
• Bharat Petroleum Corporation Limited
• Jun Yuan Petroleum Group

APAC De-aromatic Solvents Industry Research Segmentation

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 & Sealants
• Drilling Fluids
• Consumer Products
• Others

By Country:

• India
• China
• Japan
• South Korea
• Indonesia
• Malaysia
• Thailand
• Vietnam
• Singapore
• Australia and New Zealand
• Taiwan
• Rest of Asia Pacific

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