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By Type;
Aliphatic Solvents, Cycloaliphatic Solvents, and Other.By Application;
Paints & Coatings , Metal Working, Industrial Cleaning, Adhesives & Sealants, Drilling Fluids, Consumer Products, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).De-aromatic Solvents Market Overview
De-Aromatic Solvents Market (USD Million)
De-Aromatic Solvents Market was valued at USD 134.75 million in the year 2024. The size of this market is expected to increase to USD 183.38 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.5%.
De-aromatic Solvents Market
*Market size in USD million
CAGR 4.5 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 4.5 % |
| Market Size (2024) | USD 134.75 Million |
| Market Size (2031) | USD 183.38 Million |
| Market Concentration | High |
| Report Pages | 336 |
Major Players
- Exxon Mobil Corporation
- Royal Dutch Shell plc.
- Total S.A.
- Idemitsu Kosan Co., Ltd.
- Neste Oyj
- Calumet Specialty Products Partners, L.P
- Gandhar Oil Refinery India Ltd
- SK Global Chemical Co. Ltd.,
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
De-aromatic Solvents Market
Fragmented - Highly competitive market without dominant players
The De-aromatic Solvents Market is witnessing steady growth, driven by demand in paints, coatings, adhesives, and cleaning products. Nearly 40% of market consumption comes from these applications, as de-aromatic solvents are valued for their purity, low odor, and reduced harmful emissions.
Role in Metalworking and Automotive Operations
A significant portion of demand arises from metalworking fluids and lubricants, where de-aromatic solvents ensure stability and high solvency. Approximately 30% of consumption is linked to machinery and automotive applications, highlighting their contribution to operational efficiency.
Importance in Agrochemical Formulations
The agrochemical industry represents another vital sector, with nearly 25% of usage attributed to pesticides and herbicides. Their ability to act as effective carriers makes them essential for improved dispersion and field performance in agricultural solutions.
Innovations in Production and Refining
Technological progress is advancing the development of eco-friendly and low-sulfur solvents. Around 28% of recent product launches emphasize sustainable and safer formulations, reflecting the industry’s commitment to high-performance chemical solutions.
Strong Growth Prospects
The future outlook for the De-aromatic Solvents Market is highly promising, supported by industrial adoption and sustainability-focused research. More than 40% of ongoing studies are aimed at innovative and environmentally responsible solvents, positioning them as crucial materials in industrial applications.
De-Aromatic Solvents Market Recent Developments
- In 2023, Clariter and TotalEnergies Fluids unveiled a groundbreaking achievement: the production of the world's first ultra-pure solvents derived from plastic waste. This innovative collaboration marks a significant milestone in sustainable chemistry, showcasing the potential to transform plastic waste into high-quality solvents. By leveraging advanced technologies, the partnership aims to address environmental challenges while contributing to a circular economy.
- In August 2023, BASF SE, a global leader in the chemical industry known for its commitment to innovation and sustainability, collaborated with a startup to develop bio-based de-aromatic solvents. This partnership aims to leverage the startup's innovative technologies alongside BASF SE's extensive expertise in chemical production to create sustainable solvent solutions for various applications. The development of these bio-based solvents is significant as they are designed to be less harmful to human health and the environment, aligning with global regulations aimed at reducing volatile organic compounds (VOCs) and promoting safer chemical alternatives. This initiative reflects BASF SE's dedication to advancing sustainable practices while meeting the growing demand for eco-friendly products in the market.
De-Aromatic Solvents Market Segment Analysis
In this report, the De-Aromatic Solvents Market has been segmented by Type, Application, and Geography.
De-Aromatic Solvents Market, Segmentation by Type
The De-Aromatic Solvents Market has been segmented by Type into Aliphatic Solvents, Cycloaliphatic Solvents, and Other.
Aliphatic Solvents
Aliphatic solvents hold the largest share of the De-Aromatic Solvents market, driven by their wide use in paints, coatings, and industrial cleaning. With nearly high single-digit % growth annually, they are preferred for their low toxicity and environmental compliance. Their expanding role in construction and automotive applications further fuels demand.
Cycloaliphatic Solvents
Cycloaliphatic solvents are gaining traction due to their superior solubility and stability, especially in high-performance coatings and adhesives. The segment is experiencing mid-single-digit % annual growth, supported by rising use in pharmaceuticals and chemical formulations. Their adoption is also reinforced by the demand for low-emission alternatives.
Other
The Other solvents category includes specialized blended formulations and niche industrial chemicals. With single-digit % contribution, this segment is smaller but growing steadily due to customized applications in printing inks, lubricants, and specialty coatings. Innovation in eco-friendly solutions is expected to drive further adoption.
De-Aromatic Solvents Market, Segmentation by Application
The De-Aromatic Solvents Market has been segmented by Application into Paints & Coatings , Metal Working, Industrial Cleaning, Adhesives & Sealants, Drilling Fluids, Consumer Products, and Others.
Paints & Coatings
De-aromatic solvents are widely used in the paints & coatings industry for their low odor, high solvency, and environmental compliance. This segment contributes nearly high double-digit % of overall demand, supported by growth in construction and automotive sectors. Increasing use of eco-friendly coatings further accelerates adoption.
Metal Working
In metal working, de-aromatic solvents are applied as degreasing agents and in lubricant formulations. The segment is growing at mid-single-digit % annually, fueled by rising demand in manufacturing and machinery maintenance. Their low toxicity properties make them a preferred alternative to conventional solvents.
Industrial Cleaning
The industrial cleaning sector is a key end user of de-aromatic solvents, valued for their low VOC emissions and high flash points. This segment records high single-digit % growth annually, driven by stricter environmental regulations and rising demand from oil & gas facilities and manufacturing plants.
Adhesives & Sealants
Adhesives & sealants represent a growing application, with de-aromatic solvents ensuring better bonding performance and durability. The market shows mid-single-digit % growth, supported by demand in packaging, construction, and automotive industries. Their role in producing low-emission adhesives is increasingly important.
Drilling Fluids
In the oil & gas sector, de-aromatic solvents are essential for drilling fluids and extraction processes. This segment has shown steady single to mid-single-digit % growth, driven by upstream exploration and demand for efficient drilling operations. Their high thermal stability makes them highly suitable in this application.
Consumer Products
De-aromatic solvents are also used in consumer products such as aerosols, cleaning agents, and household formulations. The segment records high single-digit % growth annually, driven by rising consumer preference for low-odor and safer alternatives in daily-use products.
Others
The others segment includes specialty applications such as printing inks, agrochemicals, and lubricant additives. Although contributing a single-digit % market share, it is expanding steadily with rising demand for customized industrial solutions and eco-friendly innovations.
De-Aromatic Solvents Market, Segmentation by Geography
In this report, the De-Aromatic Solvents Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
De-Aromatic Solvents Market Share (%), by Geographical Region
North America
North America holds a significant share of the De-aromatic solvents market, supported by strong demand from the paints & coatings and industrial cleaning sectors. The region accounts for nearly high double-digit % of total consumption. Growth is further driven by strict environmental regulations and advanced manufacturing industries.
Europe
Europe shows steady market expansion, fueled by demand in automotive coatings, metalworking, and industrial formulations. With mid-single-digit % annual growth, adoption is strengthened by the shift toward eco-friendly solvents. The region’s emphasis on sustainability continues to influence purchasing trends.
Asia Pacific
Asia Pacific is the fastest-growing region, recording nearly double-digit % annual growth. Rapid industrialization, rising infrastructure projects, and expanding automotive and construction industries in countries like China and India drive significant demand. The region also leads in production capacity.
Middle East & Africa
The Middle East & Africa market is growing at low to mid-single-digit %, supported by rising oil & gas exploration and growing industrial applications. Increasing investments in manufacturing and infrastructure development contribute to steady demand. Adoption is expanding with greater focus on environmental compliance.
Latin America
Latin America demonstrates mid-single-digit % growth in the De-aromatic solvents market, driven by automotive, construction, and consumer goods industries. Countries like Brazil and Mexico are key contributors, with rising use in paints, coatings, and industrial cleaning solutions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global De-Aromatic Solvents Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Stringent Environmental Regulations and Safety Standards
- Growing Demand for Low-Toxicity and Sustainable Solvents
-
Expanding Industrial Applications and Technological Advancements:Expanding industrial applications and technological advancements are major drivers for the growth of the de-aromatic solvents market. As industries continue to evolve and innovate, there is a growing demand for solvents that meet the rigorous standards of modern applications. De-aromatic solvents are increasingly being utilized in sectors such as automotive, coatings, and adhesives due to their effective performance and lower environmental impact compared to traditional aromatic solvents. The ability to meet the specific requirements of these diverse applications, such as enhanced safety, reduced toxicity, and improved regulatory compliance, is driving the adoption of de-aromatic solvents across various industries.
Technological advancements in the production and formulation of de-aromatic solvents are also contributing to market growth. Innovations in solvent processing techniques and the development of more efficient, cost-effective production methods are making de-aromatic solvents more competitive with conventional alternatives. These advancements not only improve the performance and versatility of de-aromatic solvents but also enhance their cost-efficiency, making them more attractive to a broader range of industrial applications. As technology continues to advance, the market for de-aromatic solvents is expected to expand, driven by both increased industrial demand and ongoing improvements in production capabilities.
Restraints
- High Production Costs and Complex Manufacturing Processes
- Limited Awareness and Adoption in Emerging Markets
-
Competitive Pressure from Traditional Aromatic Solvents:Competitive pressure from traditional aromatic solvents poses a significant challenge to the growth of the de-aromatic solvents market. Aromatic solvents have long been favored in various industrial applications due to their established performance characteristics, such as high solvency power and effectiveness in dissolving a wide range of substances. Despite the growing demand for de-aromatic solvents, many industries continue to rely on aromatic solvents because of their lower cost and proven efficacy. This entrenched preference creates a competitive hurdle for de-aromatic solvents, which must demonstrate clear advantages in terms of safety, environmental impact, and overall performance to persuade users to switch.
The infrastructure and supply chains for aromatic solvents are well-established, which often results in lower prices and greater availability compared to de-aromatic solvents. The higher production costs associated with de-aromatic solvents, combined with the need for significant investment in new technologies and processes, can make them less attractive from an economic perspective. To overcome this competitive pressure, manufacturers of de-aromatic solvents need to focus on highlighting their benefits, such as reduced toxicity and better environmental compliance, and strive for technological and cost advancements that can enhance their market appeal and competitiveness.
Opportunities
- Expansion into Emerging Markets with Growing Industrial Sectors
- Innovations in Production Technologies and Product Offerings
-
Increasing Demand for Green and Eco-Friendly Products:The increasing demand for green and eco-friendly products is a significant driver for the growth of the de-aromatic solvents market. As environmental awareness and sustainability concerns rise among consumers and businesses, there is a growing preference for products that minimize environmental impact and promote health and safety. De-aromatic solvents, known for their reduced toxicity and lower volatile organic compound (VOC) emissions compared to traditional aromatic solvents, align well with these green and eco-friendly product trends. This shift towards sustainable practices is compelling industries to adopt de-aromatic solvents as part of their commitment to reducing their ecological footprint and improving product safety.
In response to this demand, many manufacturers are investing in the development and promotion of de-aromatic solvents that meet stringent environmental and safety standards. The push for greener products is driving innovation in solvent formulations, resulting in the creation of more effective and sustainable options. This trend is particularly evident in sectors such as automotive coatings, industrial cleaning, and personal care, where companies are increasingly replacing conventional solvents with de-aromatic alternatives to appeal to environmentally conscious consumers and comply with stricter regulations. As the demand for eco-friendly products continues to grow, the market for de-aromatic solvents is expected to expand, offering new opportunities for growth and innovation.
Competitive Landscape Analysis
Key players in Global De-Aromatic Solvents Market include;
- Exxon Mobil Corporation
- Royal Dutch Shell plc.
- Total S.A.
- Idemitsu Kosan Co., Ltd.
- Neste Oyj
- Calumet Specialty Products Partners, L.P
- Gandhar Oil Refinery India Ltd
- SK Global Chemical Co. Ltd.,
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global De-Aromatic Solvents Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Stringent Environmental Regulations and Safety Standards
- Growing Demand for Low-Toxicity and Sustainable Solvents
- Expanding Industrial Applications and Technological Advancements
- Restraints
- High Production Costs and Complex Manufacturing Processes
- Limited Awareness and Adoption in Emerging Markets
- Competitive Pressure from Traditional Aromatic Solvents
- Opportunities
- Expansion into Emerging Markets with Growing Industrial Sectors
- Innovations in Production Technologies and Product Offerings
- Increasing Demand for Green and Eco-Friendly Products
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global De-Aromatic Solvents Market, By Type, 2021 - 2031 (USD Million)
- Aliphatic Solvents
- Cycloaliphatic Solvents
- Other
- Global De-Aromatic Solvents Market, By Application, 2021 - 2031 (USD Million)
- Paints & Coatings
- Metal Working
- Industrial Cleaning
- Adhesives & Sealants
- Drilling Fluids
- Consumer Products
- Others
- Global De-Aromatic Solvents Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia/New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global De-Aromatic Solvents Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Exxon Mobil Corporation
- Royal Dutch Shell plc.
- Total S.A.
- Idemitsu Kosan Co., Ltd.
- Neste Oyj
- Calumet Specialty Products Partners, L.P
- Gandhar Oil Refinery India Ltd
- SK Global Chemical Co. Ltd.,
- Company Profiles
- Analyst Views
- Future Outlook of the Market