SWOT Analysis 

Strength: The India De Aromatic Solvents market is expected to witness significant growth over the forecast period due to the highly favorable government regulations supporting the increasing use of bio-based and environment-friendly solvents in various end-use industries. The growing infrastructure development activities in the country is further positively impacting the India De Aromatic Solvents market. Additionally, the market is driven by the presence of numerous small and medium-sized paints and coatings manufacturing companies catering to the local requirements.
Weakness: High dependency on imports from other countries for raw materials required for manufacturing De Aromatic Solvents poses significant threat to the market. Furthermore, the presence of toxic elements in certain solvents can negatively impact both human health and environment.
Opportunity: Development of bio-based and eco-friendly solvent alternatives through dedicated R&D efforts presents lucrative growth opportunities. Expanding automotive production and rapid urbanization rate creating demand for various paints, coatings, and cleaning products also provides opportunities for market growth.
Threats: Strong competition from alternative solvents hampers the demand growth. Strict environment regulations pertaining to VOC emissions during the production process acts as a major threat.

Key Takeaways

The India De Aromatic Solvents Market Size  is expected to witness high growth driven by robust demand from end-use industries such as paints & coatings, printing inks, industrial & domestic cleaning, and adhesives. The paints & coatings segment dominates the market and is projected to continue its dominance during the forecast period owing to increasing automotive production and exponential infrastructure growth.

Western region dominates the India De Aromatic Solvents market and is expected to continue dominating over the forecast period. This is attributed to significant presence of key petrochemical production facilities and end-use industries in states like Gujarat and Maharashtra. Southern region is anticipated to register fastest growth on account of rapid urbanization and expansion of manufacturing sector in states of Telangana, Karnataka and Tamil Nadu.

Key players operating in the India De Aromatic Solvents market are Novo Nordisk A/S, Eli Lilly and Company, AstraZeneca PLC, Sanofi S.A., Merck & Co., Inc., Boehringer Ingelheim International GmbH, Takeda Pharmaceutical Company Limited, Johnson & Johnson, Bristol-Myers Squibb Company, AbbVie Inc., Pfizer Inc., Mylan N.V., Novartis International AG, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd.

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