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Major players in de-aromatic solvents market have channelized efforts towards developing
eco-friendly or green product offerings that employ bio-based raw materials for their
synthesis and, thus, eventually do away with the use of conventional solvents in certain
applications. Owing to the increasing demand for greener alternatives, the bio-based
solvents market is slated to register a steady CAGR of around 67% over the forecast period.
Another major factor that is projected to impede growth of the de-aromatic solvents market,
especially in paints & coatings application segment, is increasing demand for water-based
paints & coatings, powder coatings, among others across the globe. Consumption of dearomatic solvents is expected to increase from 1,718,100 metric tons in 2015 to 2,230,972
kilotons by 2022, increasing at a CAGR of 3.8% during the forecast period.
Asia-Pacific accounted for the largest revenue share of the global de-aromatic solvents
market in 2014, and the market in the region is anticipated to increase at the highest CAGR
over the forecast period. Consumption of de-aromatic solvents in Asia-Pacific is projected to
Exxon Mobil Corporation, Royal Dutch Shell plc., Total S.A., and Idemitsu Kosan Co., Ltd. are
among the leading players in the global de-aromatic solvents market. Other market players
include CEPSA, Gandhar Oil Refinery India Ltd, Neste Oyj, and SK Global Chemical Co., Ltd.
By flash point
By Boiling Point
Type 1 (1500C-2000C)
Type 2 (2000C-2400C)
Type 3 (>2400C)
By Application
Metal working
Industrial cleaning
Drilling fluids
Consumer products
By Regions
Asia Pacific
Europe
North America
Latin America
Market History:
De-aromatic solvents, also called dearomatized hydrocarbon solvents or ultra-low 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 (<2%).
De-aromatic solvents are of three types, namely low flash point, medium flash point, and
high flash point. These dearomatized hydrocarbon solvents find application in various
industries and are used as solvents for printing inks, paints & coatings, metal working fluids,
industrial and institutional cleaning, adhesives and sealants, drilling fluids, and in consumer
products. They are effective alternatives to conventional solvents such as mineral spirits and
mineral turpentine.
Global sales revenue of the global de-aromatic solvents market is expected to increase at a
CAGR of 5.9% over the forecast period, to reach US$ 2,198.5 Mn by 2022.
Major players in the de-aromatic solvents market have been channelizing their efforts
towards developing eco-friendly or green product offerings that employ bio-based raw
materials for their synthesis and thus, eventually do away with the use of conventional
solvents in certain applications. Owing to increasing demand for greener alternatives, the
bio-based solvents market is slated to register a steady CAGR of around 67% over the
forecast period. Another major factor that is projected to impede growth of the de-aromatic
solvents market, especially in paints & coatings applications, is increasing demand for waterbased paints & coatings, powder coatings, among others across the globe
Market Taxonomy
Persistence Market Research, in its report titled, De-aromatic Solvents Market: Global
Industry Analysis and Forecast, 20162022, has segmented the global de-aromatic solvents
market by flash point, boiling point, application, and region. On the basis of flash points, the
global de-aromatic solvents market has been segmented into the low flash point, medium
flash point, and high flash point. On the basis of application, the market is segmented into
paints and coatings, metal working, industrial cleaning, adhesives and sealants, drilling
fluids, consumer products, and others. Others segment includes chemical intermediates and
crop protection. On the basis of boiling point, the market has been segmented into three
types: type1 (1500C2000C), type 2 (2000C2400C), and type 3 (>2400C). Finally, on the
basis of region, the overall de-aromatic solvents market is segmented into North America,
Europe, Asia-Pacific, Middle East & Africa and Latin America.
Analysis, by Region
Asia-Pacific accounted for the largest revenue share of the global de-aromatic solvents
market in 2014, and the market in the region is anticipated to increase at the highest CAGR
over the forecast period. Consumption of de-aromatic solvents in Asia-Pacific is projected to
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