De-Aromatic Solvents Market is expected to reach 1410 million US$ by 2025 – QY Research

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This report studies the De-Aromatic Solvents market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

De-aromatic solvents, also called de-aromatized hydrocarbon solvents or de-aromatic solvents, are a class of hydrocarbon solvents that are characterized by the presence of paraffinic, iso-paraffinic, and naphthenic components with very low aromatic content.

The global De-Aromatic Solvents industry has a rather high concentration. The major manufacturers are concentrated in North America, Europe and Asia-Pacific, such as Exxon Mobil, Royal Dutch Shell, Sinopec Group and Petro China. At present, Exxon Mobil is the world leader, holding 22.72% production market share in 2017.

The global consumption of De-Aromatic Solvents increases from 880 K MT in 2013 to 999 K MT in 2017, at a CAGR of more than 3.23%. In 2017, the global De-Aromatic Solvents consumption market is led by China and China is the largest region consumption market, accounting for about 39.04% of global consumption of De-Aromatic Solvents.

De-Aromatic Solvents downstream is wide and recently De-Aromatic Solvents has acquired increasing significance in various fields of Paints & Coatings, Metal Working, Industrial Cleaning, Consumer Products, Drilling Fluids and Adhesives & Sealants. Globally, the De-Aromatic Solvents market is mainly driven by growing demand for Paints & Coatings. Paints & Coatings accounts for nearly 42.53% of total downstream consumption of De-Aromatic Solvents in global.

De-Aromatic Solvents can be mainly divided into Low Flash Point, Medium Flash Point and High Flash Point which Medium Flash Point captures about 58.73% of De-Aromatic Solvents market in 2017. According to our research and analysis, manufacturers from North America are the major leaders in the international market of De-Aromatic Solvents.

Global market is expected to witness significant growth on account of rising applications, so in the next few years, De-Aromatic Solvents consumption will show a trend of steady growth. In 2024 the consumption of De-Aromatic Solvents is estimated to be 1257 K MT. On product prices, the slow downward trend in recent years will maintain in the future.

The global De-Aromatic Solvents market was 1130 million US$ in 2017 and is expected to 1410 million US$ by the end of 2025, growing at a CAGR of 2.8% between 2018 and 2025.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of De-Aromatic Solvents in these regions, from 2013 to 2025, covering

    North America (United States, Canada and Mexico)

    Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

    Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

    South America (Brazil etc.)

    Middle East and Africa (Egypt and GCC Countries)

 

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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

    Exxon Mobil

    Royal Dutch Shell

    Mehta Petro Refineries

    Eastern Petroleum

    SK

    Cepsa

    Gandhar Oil Refinery

    Neste Oyj

    Sinopec Group

    Petro China

    Luoyang Jinda

    Maohua Shihua

By the product type, the market is primarily split into

    Low Flash Point

    Medium Flash Point

    High Flash Point

By the end users/application, this report covers the following segments

    Paints & Coatings

    Metal Working

    Industrial Cleaning

    Consumer Products

    Drilling Fluids

    Adhesives & Sealants

    Others

 

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