EMEA Dearomatic Solvents Market

Introduction

De-aromatic solvents, also called de-aromatized hydrocarbon solvents or de-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 (<400 ppm). On the basis of flash points, de-aromatic solvents have been classified in to three product segments, namely low flash point, medium flash point, and high flash point products.

These de-aromatized hydrocarbon solvents with extremely low aromatic content find application across a diverse set of industries including resins and paints, metal working fluids, cleaning and degreasing products, pest control products and other applications.

Consumption of de-aromatic solvents market was pegged at around 380,000 tons in 2015. In terms of value, the EMEA de-aromatic solvents market is expected to register a CAGR of 5.0% over the forecast period (2016 – 2024), to reach US$ 556.0 Mn by 2024.

EMEA De-aromatic Solvents Market Dynamics

Over the past few years, regulatory authorities and organizations especially in EMEA region have framed stringent policies that govern the production and use of solvents in order to curb the menace of hazardous Volatile Organic Compounds (VOCs) that are released into the atmosphere. Such regulations have encouraged the usage of alternatives such as de-aromatic solvents having relatively lower VOC content.

Moreover, demand for de-aromatic solvents, particularly with higher flash points, is expected to witness steady growth in applications such as metal working that necessitates the use of solvents that are relatively less corrosive, less toxic and exhibit low odor.

Furthermore, increasing demand for paints, resins and coatings especially from countries in Eastern Europe and Africa is expected to fuel the growth of the EMEA de-aromatic solvents market during the forecast period. However, demand for bio-based solvents is expected to witness steady growth in the region.

This, coupled with increasing consumption of water based coatings and powder coatings as against solvent based coatings is expected to act as an impediment to the growth of the de-aromatic solvents market in the EMEA region during the forecast period. Key players in the EMEA de-aromatic solvents market offer solvents that are tailored as per client-specific end-use requirements.

EMEA De-aromatic Solvents Market Segmentation and Forecast

Persistence Market Research, in its report titled, “De-aromatic Solvents (<400 ppm aromatics) Market: EMEA Industry Analysis and Forecast, 2016-2024,” has segmented the EMEA de-aromatic solvents market by flash point, application, and region. On the basis of flash points, the EMEA de-aromatic solvents market has been segmented into the low flash point (<500C), medium flash point (500C - 800C), and high flash point (>800C) segments. On the basis of application, the market is segmented into resins & paints, metal working, cleaning & degreasing products, pest control products and others.

Others segment includes use of such solvents in applications including drilling fluids, chemical intermediates and crop protection, among others. Various factors are expected to moderately impact demand for de-aromatic solvents. Consumption is expected to reach 510,954 Tons by 2024. The drivers are expected to result in a relatively low impact on demand for de-aromatic solvents during the forecast period, wherein the CAGR is to be 2.9% in terms of volume. Consumption is expected to reach 486,752 Tons by 2024.

EMEA De-aromatic Solvents Market Forecast by Region

Germany, Italy, France and U.K, collectively are estimated to account for nearly half of the overall EMEA de-aromatic solvents market value in 2016. Consumption of de-aromatic solvents in North African countries is expected to register relatively faster growth during the forecast period. On the other hand, mature markets namely Germany, France and U.K. are expected to register relatively slower growth during the forecast period, partly due to growing adoption and use of alternatives such as bio-based solvents and that of water based alternatives for certain applications.

Key Players Operating in EMEA De-aromatic Solvents Market

Some of the key players identified in the EMEA de-aromatic solvents market include Idemitsu Kosan Co., Ltd., Exxon Mobil Corporation, DHC Solvent Chemie GmbH., Royal Dutch Shell plc., and Total S.A., Neste.

Segmentation

Segments by grade assessed in the report are:	Low flash point (<500C) Medium flash point (500C - 800C) High flash point (>800C)
Applications assessed in the report are:	Resins and paints Metal working Cleaning and degreasing products Pest Control Products Others (drilling fluids, water treatment, etc.)
Regions/Countries assessed in the report are:	EMEA Germany Italy France U.K. North Africa and Spain Rest of EMEA

In the final section of the report, the de-aromatic solvents market competitive landscape is included to provide a dashboard view of companies that manufacture and supply de-aromatic solvents.

The report contains company profiles of some of the players operating in the EMEA de-aromatic solvents market. Some of the market participants identified in the EMEA de-aromatic solvents market include Exxon Mobil Corporation, Royal Dutch Shell plc., Total S.A., Neste, Idemitsu Kosan Co., Ltd. and DHC Solvent Chemie GmbH.

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