De-aromatic solvents are categorized under hydrocarbon solvents or ultra-low aromatic solvents that have iso-paraffinic, paraffinic, and naphthenic components attached to them. They have very low aromatic content around (<2%) and are widely used across printing ink applications. Most of the industrial paints and coatings used around the globe are solvent-based as they have low VOC content and faster drying properties. De-aromatic solvents are also used in the production of De-aromatic insecticides and mosquitoes repellents. Automotive, marine, and railways are some of the major application areas of De-aromatic solvents.

Market Dynamics

Rising demand for flexographic inks from the packaging industry used in the printing of packaging material such as labels, cardboard, and paper bags is expected to be a major trend in the market. The growth of the de-aromatized market in India can also be attributed to growth in the packaging industry due to rising demand for packaged product.

Rising disposable income of the consumer due to economic development has increased their purchasing which has further raised the demand for consumer goods. According to the Ministry of Statistics and Programme Implementation, India's per-capita income at current prices during 2018 to 2019 was estimated to have attained a level of Rs 1,26,406 ( Rs. 10,533.83 monthly) as compared to the estimated for the year 2017-2018 of 1,14,958 ( 9,579.83 a month), showing a rise of 10%.

Growing adoption of water-based paints & coatings and powder coatings is projected to curb the growth of India de-aromatic solvents market. According to the Coherent Market Insights analysis, the decorative paints sector holds about 70% in 2022, of the overall Indian paints and coatings market is shifting towards water-based paints as they are less hazardous to the environment and human health.

Key features of the study:

• This report provides in-depth analysis of India de-aromatic solvents market and provides market size (INR Billion & Tons) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the India de-aromatic solvents market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study includes Exxon Mobil Corporation, Total S.A., Royal Dutch Shell plc, Isu Exachem, Mehta Petro Refineries, Avani Petrocehm Pvt Ltd., Raj Petro Specialties P. Ltd., and Eastern Petroleum Private Limited
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
• The India de-aromatic solvents market report caters to various stakeholders in this industry including investors, suppliers, de-aromatic solvents manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the India de-aromatic solvents market

Detailed Segmentation:

• India De-aromatic Solvents Market, By Grade:
  • Low Flash Point (<500C)
  • Medium Flash Point (510C – 900C)
  • High Flash Point (>900C)
• India De-aromatic Solvents Market, By Application:
  • Paints, coatings, and Inks
  • Metal Working
  • Industrial Cleaning
  • Adhesives and Sealants
  • Drilling Fluids
  • Consumer Products
  • Others
• India De-aromatic Solvents Market, By Boiling Point:
  • Type 1 (<1850C)
  • Type 2(1850C – 2400C)
  • Type 3(>2400C)
• India De-aromatic Solvents Market, By Sub-Region:
  • India
    • South Zone
    • North Zone
    • East Zone
    • West Zone
• Company Profiles
  • Exxon Mobil Corporation
  • Total S.A.
  • Royal Dutch Shell plc
  • Isu Exachem
  • Mehta Petro Refineries
  • Avani Petrocehm Pvt Ltd.
  • Raj Petro Specialties P. Ltd.
  • Eastern Petroleum Private Limited