INDIA DE AROMATIC SOLVENTS MARKET ANALYSIS
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
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.
India De Aromatic Solvents Market Report Snapshots
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