Published by Persistence MarketResearch
Posted on October 8, 2021
5 min readLast updated: January 30, 2026
India's de-aromatic solvents market is expected to grow at a 7.1% CAGR by 2024, driven by eco-friendly alternatives and high demand in Western India.
Demand for de-aromatic solvents continues to surge in India. According to a new report published by Persistence Market Research, the de-aromatic solvents market in India is set to ride at a CAGR of 7.1% between 2016 and 2024. Increasing concerns over the hazards caused by the use of conventional solvents and a corresponding increase in demand for effective yet safer and eco-friendly alternatives is expected to fuel the demand for de-aromatic solvents in India during the assessment period.
The de-aromatic market in the western part of the country is expected to witness the highest growth, while the Northern and the Southern parts will also continue to account for respectable market shares. On the other hand, growth of the market will be sluggish in the eastern part of India over 2024.
The report titled “De-aromatic Solvents Market: India Industry Analysis and Forecast, 2016-2024” reveals that in 2016, INR 2,925.9 Mn were garnered from the sales of de-aromatic solvents in India, which is projected to reach INR 5,073.4 Mn by 2024-end, reflecting a CAGR of 7.1%.
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The chemicals and materials vertical would be witnessing an eco-friendly transformation in the upcoming period. Plastic waste recycling would be one amongst these green initiatives. This would also be an era of materials informatics, i.e. machine learning would be employed to the materials’ development, which would, apart from improving on the cost of R&D, also provide better agility.
Synthetic biology would be another trend ruling the roost, as it would facilitate more flexible distribution of the chemicals and also help in exploration of novel markets, that too, at lower costs. Persistence Market Research is into tabling of these details of the chemicals and materials vertical through its team of riveting analysts and consultants.
India De-Aromatic Solvents Market: Key Trends
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Persistence Market Research’s study on the India de-aromatic solvents market identified that the medium flash point de-aromatic solvent accounted for more than 76% value share of the market in 2016. However, the market share of medium flash point de-aromatic solvent is likely to decline slightly during the assessment period.
Based on boiling point, type 2 (185–240°C) de-aromatic solvents are expected to remain highly lucrative for manufacturers in India. In 2016, type 2 de-aromatic solvent accounted for around 76.3% share in terms of value and expected to remain dominant throughout the forecast period.
Use of de-aromatic solvents in paints, coatings and inks manufacturing is projected to remain significantly high over the next couple of years. Meanwhile, their use in metal working is expected to grow rapidly due to increasing adoption of less toxic and non-corrosive high flash point de-aromatized solvents in metal working applications. By 2024-end, around INR 1,112.4 Mn worth de-aromatic solvent will be used for metal working.
Exxon Mobil Corporation, Royal Dutch Shell plc., Mehta Petro Refineries Ltd, Raj Petro Specialities Pvt Ltd, Eastern Petroleum Pvt. Ltd., Total S.A., and Avani Petrochem Private Ltd are amongst some of the prominent companies that operating in the India de-aromatic solvents market.
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The post India De-Aromatic Solvents Market To Witness A CAGR Of 7.1% Between 2016-2024 appeared first on Lake Shore Gazette.
The main topic is the growth of India's de-aromatic solvents market, projected to grow at a 7.1% CAGR by 2024.
The market is growing due to increasing demand for eco-friendly and safer solvent alternatives.
The western part of India is expected to witness the highest market growth.
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