The De-Aromatic Solvents Market Is Expected To Grow By $1.6 billion during 2020-2027

De-aromatic solvents, also known as dearomatized hydrocarbon solvents or ultra-low aromatic solvents, are hydrocarbon solvents that contain paraffinic, iso-paraffinic, and naphthenic components but have a very low aromatic concentration (less than 1%). De-aromatic solvents are a good substitute for traditional solvents like minerals or white spirits. Paints, coatings, inks, metalworking fluids, industrial cleaning, adhesives and sealants, drilling fluids, consumer items such as home pesticides, and other specialist applications use these dearomatized hydrocarbon solvents.


De-Aromatic Solvents Market is expected to increase at a CAGR of 3.7 percent from 2020 to 2027, from a market size of US$1.6 billion in 2020 to a revised market value of US$2 billion in 2027. The growing need for de-aromatic solvents for the manufacture of household insecticides, mosquito repellents, and aerosols is propelling the India de-aromatic solvents market forward. In addition, because of the high demand for pesticides and mosquito repellents in India, many sprays, coils, and electric mosquito repellent products are available on the market.


Over the projection period, India's paints and coatings sector is predicted to increase at a faster rate than the market. The market is predicted to develop due to the rising demand for paints and coatings from the residential and commercial sectors. Furthermore, increased paint demand from automotive, marine, and railways is likely to drive the India de-aromatic solvents market forward.


Manufacturing and supply chain operations have taken a hit as a result of the ongoing COVID-19 outbreak. As the economy improves and the pandemic situation stabilizes, demand is expected to rise. The COVID-19 epidemic has had a substantial influence on the world economy at various periods, and demand for de-aromatic solvents has also been affected. De-aromatic solvents are used extensively in paints, coatings, and inks, which have already witnessed a decline in 2020 due to reduced building and industrial activity. COVID-19 harmed the metal industry's expansion by depleting the De-Aromatic Solvents Market during the pandemic.


Exxon Mobil Corporation, Royal Dutch Shell plc., Total S.A., Idemitsu Kosan Co., Ltd., Neste Oyj, Calumet Specialty Products Partners, L.P., CEPSA, Gandhar Oil Refinery India Ltd., and S.K. Global Chemical Co., Ltd are the major key players in the De-Aromatic Solvents Market.

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