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...