APAC De-aromatic Solvents Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (APAC)

The de-aromatic solvents market in the Asia Pacific (APAC) region is experiencing significant growth, thanks to stricter environmental regulations, increased industrial demand, and a shift towards more sustainable solutions. This trend mirrors a global movement towards more eco-friendly and health-conscious practices across various sectors.The de-aromatic solvents market in APAC is set to grow from USD 617.39 million in 2024 to USD 1,016 million by 2031, at a CAGR of 7.40%, driven by stricter environmental regulations and rising demand for eco-friendly solutions.

Market Overview and Growth Trajectory

The APAC de-aromatic solvents market has shown impressive expansion recently, with expectations that it will almost double in size over the next decade. This anticipated growth is supported by a strong compound annual growth rate (CAGR), reflecting a steady and robust upward trend. The increasing market valuation highlights the rising adoption and demand for de-aromatic solvents.

Understanding De-aromatic Solvents

De-aromatic solvents, also known as de-aromatized or hydro-treated solvents, are characterized by their significantly lower levels of aromatic compounds. Aromatic compounds such as benzene, toluene, and xylene are known for their negative health and environmental impacts. The de-aromatization process, which includes hydro-desulfurization, reduces these compounds, resulting in solvents that are safer and more environmentally friendly while still maintaining effective solvency properties.

Factors Driving Market Growth

Several factors are contributing to the growing demand for de-aromatic solvents. A primary driver is the implementation of stricter environmental regulations aimed at reducing volatile organic compounds (VOCs) and their adverse effects. As governments and industries adopt greener practices, de-aromatic solvents are increasingly seen as eco-friendly alternatives to traditional aromatic solvents.

The automotive industry is a key player in this market expansion. De-aromatic solvents are widely used in automotive paints and coatings to improve pigment dispersion and overall performance. The growing need for high-quality finishes, combined with a rising focus on sustainable solutions and the increasing popularity of electric vehicles (EVs), is driving up the demand for these solvents. Additionally, de-aromatic solvents are gaining traction in battery manufacturing, including electrode preparation and electrolyte formulation, where they offer enhanced performance and stability.

Sectoral Applications and Regional Insights

De-aromatic solvents are vital across various industrial applications such as paints, coatings, adhesives, and sealants. Their importance in achieving high performance while complying with environmental regulations is significant. The demand for these solvents is particularly strong in East Asia, driven by rapid industrialization and expanding end-use sectors.

In India, the market for de-aromatic solvents is seeing substantial growth due to rapid industrialization and increased production volumes. The expanding industrial base and rising demand in sectors like consumer products and paints contribute to a positive market outlook. Similarly, China remains a major player in the de-aromatic solvents market, supported by its robust chemical industry, strong manufacturing sector, and growing demand across various applications.

Challenges and Restraints

Despite the favorable growth prospects, the market faces some challenges. A notable issue is the environmental and health risks associated with metalworking fluids, which can cause skin rashes, respiratory problems, and even cancer. To address these concerns, safety measures and personal protective equipment are necessary. Overcoming these challenges is essential for the continued growth and acceptance of de-aromatic solvents.

Competitive Analysis

• Idemitsu Kosan Co., Ltd
• Raj Petro Specialities P. Ltd.
• Arham Petrochem Private Limited
• Avant Petrochem Private Limited
• Isu Exachem Co. Ltd
• ExxonMobil Corporation
• Shell Plc
• to tal S.A.
• SK Global Chemical Co, Ltd.
• Mehta Petro-Refineries Limited
• Gandhar Oil Refinery (India) Ltd.
• Bharat Petroleum Corporation Limited
• Jun Yuan Petroleum Group

APAC De-aromatic Solvents Industry Research Segmentation

By Flash Point:

• Low Flash Point
• Medium Flash Point
• High Flash Point

By Boiling Point:

• Type 1
• Type 2
• Type 3

By Application:

• Paints, Coatings, and Inks
• Metalworking
• Industrial Cleaning
• Adhesives & Sealants
• Drilling Fluids
• Consumer Products
• Others

By Country:

• India
• China
• Japan
• South Korea
• Indonesia
• Malaysia
• Thailand
• Vietnam
• Singapore
• Australia and New Zealand
• Taiwan
• Rest of Asia Pacific