INDIA DE AROMATIC SOLVENTS MARKET ANALYSIS

India De Aromatic Solvents Market, By Grade (Low Flash Point (<500C), Medium Flash Point (510C – 900C) and High Flash Point (>900C)), By Application (Paints, coatings, and Inks, Metal Working, Industrial Cleaning, Adhesives and Sealants, Drilling Fluids, Consumer Products and Others), By Boiling Point (Type 1 (<1850C), Type 2(1850C – 2400C) and Type 3(>2400C))

Published In : Jun 2023
Code : CMI3837
Pages :90
Formats :
Excel and PDF
Industry : Specialty and Fine Chemicals

India De Aromatic Solvents MarketSize and Trends

India De Aromatic Solvents market accounted for INR 4,868.9 Bn in 2022, exhibiting a CAGR of 7.7% in terms of revenue, over the forecast period (2023-2030) to reach INR 8,820.1 Bn 2030.

Market Trends

Growing steel industry in India

The growing steel industry in India is expected to foster the market growth of the de-aromatic solvents. According to the India Brand Equity Foundation, India was accounted as a world’s second-largest steel producer with production standing at 106.5 MT in 2018. The growth in the Indian steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labor. Hence, growth in the steel industry is expected to fuel market growth.