logo
logo
Sign in

The rising per capita spending on construction and infrastructure sector expected to boost the growth of India De Aromatic Solvents Market

avatar
Purvaja
The rising per capita spending on construction and infrastructure sector expected to boost the growth of India De Aromatic Solvents Market

Market Overview:

De-aromatic solvents are complex mixtures of hydrocarbons obtained by treating aromatic hydrocarbon streams like benzene and toluene to remove aromatics. They have high flash points and low aromatic content which makes them suitable as thinners and cleaners. They have wide industrial applications as paint thinners, rust preventives, lubricating greases, cleaning fluids and hydraulic fluids, among others. The growing automotive, construction and infrastructure development activities are fueling the demand for de-aromatic solvents in India.


Market key trends:

One of the key trends in the India de-aromatic solvents market is its growing usage as cleaning agents. De-aromatic solvents are primarily used as cleaning fluids to remove oils, greases, waxes and dirt stains from aircrafts, automobiles and metal parts and surfaces. Their non-flammable and non-toxic properties make them ideal for industrial cleaning purposes. The rising outsourcing of industrial cleaning operations from developed nations to India is enhancing the cleaning applications of de-aromatic solvents. Another major trend is the increasing demand from paints & coatings applications. De-aromatic solvents are mixed with paints to improve the flow and leveling properties. The thriving construction activities in India has escalated the consumption of paints & coatings which in turn is fuelling the sales of de-aromatic solvents.

Porter’s Analysis


Threat of new entrants: The threat of new entrants is moderate due to high capital requirement and established distribution channel of existing players.


Bargaining power of buyers: The bargaining power of buyers is high due to presence of many established players providing substitutes.


Bargaining power of suppliers: The bargaining power of suppliers is moderate due to availability of substitutes.


Threat of new substitutes: The threat of new substitutes is high as there are many established alternative products available in the market.


Competitive rivalry: High due to presence of large number of established players.


Key Takeaways


The Global India De Aromatic Solvents Market Demand is expected to witness high growth, exhibiting CAGR of 7.7% over the forecast period, due to increasing demand from paints and coatings industry.


Regional analysis: Regionally, northern and central region are expected to dominate the India De Aromatic Solvents market due to presence of various end use industries. Southern regions are also projected to exhibit significant growth due to increasing industrialization.


Key players analysis: Key players operating in the India De Aromatic Solvents market are Exxon Mobil Corporation, Total S.A., Royal Dutch Shell plc, Isu Exachem, Mehta Petro Refineries, Avani Petrocehm Pvt Ltd., Raj Petro Specialties P. Ltd., and Eastern Petroleum Private Limited. Exxon Mobil Corporation is expected to hold major market share owing to its diversified product portfolio and widespread distribution network across the country.

Read More:

https://www.dailyprbulletin.com/india-de-aromatic-solvents-market-demand-share-analysis/

collect
0
avatar
Purvaja
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more