INDIA DE-AROMATIC SOLVENTS MARKET ANALYSIS

The India de-aromatic solvents market is projected to reach around INR 6,931.1 million by the end of 2027, in terms of revenue, growing at CAGR of 7.4% during the forecast period (2020-2027).

Drivers:
Increasing demand for de-aromatic solvents for manufacturing of Household Insecticides, Mosquito Repellents, and aerosol is primarily fueling the market growth of the India de-aromatic solvents. In India, there are a number of insecticides and mosquito repellents, such as sprays, coils, and electric mosquito repellent products are available in the market due to strong demand for these products in the country.
Growth in the India paints and coatings industry in the country is expected to augment the
market growth over the forecast period. Rising demand for paints and coatings from residential as well as commercial sectors is expected to fuel the market growth. Moreover, rising demand for paints from industries such as automotive, marine, and railways is further expected to propel the India de-aromatic solvents market growth.
West sub-region dominated the India De-aromatic market in 2019, accounting for 35.5% share in terms of value, followed by north and south sub-region, respectively.

Market Restraints

Rising demand for eco-friendly product bio-based raw materials is expected to restrict the market growth of de-aromatic solvents over the forecast period. Moreover, according to the Coherent Market Insights, demand for greener alternatives, bio-based solvents market is slated to register a steady CAGR of around 6-8% over the forecast period.
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https://www.coherentmarketinsights.com/market-insight/india-de-aromatic-solvents-market-3837