Global De-aromatic Solvents Market, 2016 - 2022
Global De-aromatic Solvents Market, 2016 - 2022 Persistence Market Research Globally, Sales of De-aromatic Solvents is Expected to Reach US$ 2,918 Mn by 2022: Persistence Market Research Persistence Market Research 1 Global De-aromatic Solvents Market, 2016 - 2022 Persistence Market Research Released New Market Report According to a new market report published by Persistence Market Research ‘Global Market Study on De-aromatic Solvents: Increasing Demand for Paints and Coatings, Metal Working Industries to Drive the Growth of Market During the Forecast Period 2016 - 2022’, globally, the revenue generated from sales of de-aromatic solvents has been estimated to be valued at US$ 1.56 Bn by 2016 end, and is expected to increase at a CAGR of 5.9% during 2016 2022. 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 market are of three types, namely low flash point, medium flash point, and high flash point. These dearomatized hydrocarbon solvents find application across 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. 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 6–7% 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. Request Sample Report: http://www.persistencemarketresearch.com/samples/9926 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 Persistence Market Research 2 Global De-aromatic Solvents Market, 2016 - 2022 increase by 1.4X between 2014 and 2022. Mature markets, i.e. North America and Europe, are expected to register relatively slower growth during the forecast period. View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/dearomatic-solvents-market.asp 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. The global de-aromatic solvents market is segmented as follows: By flash point High flash point Medium flash point High flash point By Boiling Point Type 1 (1500C-2000C) Type 2 (2000C-2400C) Type 3 (>2400C) By Application Paints and coatings Metal working Industrial cleaning Drilling fluids Persistence Market Research 3 Global De-aromatic Solvents Market, 2016 - 2022 Adhesives and sealants Consumer products Others (crop protection, chemical intermediates) By Regions Asia Pacific Europe North America Latin America The Middle East & Africa For more Info: http://www.persistencemarketresearch.com/contact-us.asp 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. Drivers and Trends Conventional solvents are composed of the relatively higher level of aromatic content and, hence, are characterized by relatively higher levels of Volatile Organic Components (VOCs). On the other hand, in de-aromatic solvents, the aromatic content is significantly low (<2%). Persistence Market Research 4 Global De-aromatic Solvents Market, 2016 - 2022 This low level of aromatic component results in a solvent that is odorless, with lower VOC content and is relatively less toxic as compared to traditional solvents. These solvents are, thus, relatively safer than traditional solvents such as chlorinated solvents. Growing concerns regarding ill-effects of solvents with high VOC content are leading to the rise in demand for de-aromatic solvents, and this trend is expected to continue during the forecast period as well. 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 6–7% 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, 2016–2022,” 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 (1500C–2000C), type 2 (2000C–2400C), 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 Persistence Market Research 5 Global De-aromatic Solvents Market, 2016 - 2022 increase by 1.4X between 2014 and 2022. Mature markets, i.e. North America and Europe, are expected to register relatively slower growth during the forecast period. 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