India Solvents Market

India Market Study on Solvents: Printing Ink and Paints & Coatings Application Segments to Collectively Hold More Than 48% of the Total Revenue Generated by 2024 End

India Solvents Market Segmented By Alcohols, Chlorinated Solvents, Ketones, Hydrocarbon Solvents, Glycols, Glycol Ethers, Esters

Report ID: PMRREP16624

Number of Pages: 136

Format: PPT*, PDF, EXCEL

Industry: Chemicals and Materials

Published Date: July-2017

Report Price


Buy Now

Paints & Coatings a major application of the India Solvents Market

The paints & coatings market in India consists of decorative coatings i.e. paints & coatings used in both the domestic and commercial sector such as automotive and marine industry, amongst many others. Paints & coatings are one of the main application areas in the India solvents market. A large chunk of the paints & coatings consumption is mainly because of solvent based variants as the majority of the industrial paints & coatings used in the India solvents market are solvent-based.

The consumption of paints & coatings in decorative and industrial applications is anticipated to record robust growth during the forecast period. The growth is primarily driven by a rising disposable income and consumer spending as well as steady industrial growth, all of which directly benefit the India solvents market. The consumption of solvents for paints & coatings in the India solvents market was pegged at just over 665,000 tons in 2016.

Sample Report

Report Sample is Available

In-depth report coverage is now just a few seconds away

Download PDF Get Report Sample

Bio-based alternatives consumption a challenge to the India Solvents Market

Countries in the strategically important APAC region such as China and India are large consumers of petroleum feedstock derived solvents. The continued growth of industries combined with comparatively less stringent regulations than developed nations has led to a robust growth of the APAC solvents market in the last few years.

However, increasing health hazard concerns along with those of volatile organic compound emissions that are linked to the use of some conventional solvents have resulted in a steady rise in demand for eco-friendly and bio-based alternative solvents. The bio-based solvent consumption in India is expected to show a single digit CAGR of 6% during the forecast period.

The potential for alternative solutions is larger though, particularly in cleaning applications. For e.g. – Cold cleaners, industrial degreasers, and automotive cleaners that use fatty acid monoesters derived from plant oil should witness faster growth as opposed to conventional products such as white spirits. Bio-solvents are environmentally friendly alternatives to traditional solvents and they clean without any sort of hazardous after-effects that are typically linked to the latter.

Bio-solvents are biodegradable and non-toxic and can be reused through simple filtering or distillation methods. Bio-solvents are less volatile and have higher solvency than petroleum-derived solvents. This poses a large challenge for the India Solvents Market that key stakeholders will need to overcome.

Custom Report Cover

Make This Report Your Own

Take Advantage of Intelligence Tailored to your Business Objective

> Get a Customized Version

Greater adoption of water-based paints & coatings and powder coatings

The conventional paints & coatings consumed in the country are usually solvent based. In addition, a substantial share of overall consumption of decorative paints & coatings is taken up by solvent-based variants. Recently, it has been seen that the industry is slowly shifting towards alternatives such as powder coatings and water-based paints & coatings. These substitutes substantially decrease volatile organic compound emissions and are effective, eco-friendly, and efficacious.

Even government regulations have led to greater adoption of water-based solvents, reducing the size and scope of the India Solvents Market. Furthermore, volatile crude oil prices have a direct impact on the price of petroleum-based solvents. As solvents are a vital component in paints & coatings formulations, any price fluctuations could hamper the growth of the India Solvents Market in the study period.

india solvents market

Market Research Methodology

Market Research Methodology

-Perfect through Years of Diligence

Check Research Methodology

Printing Ink and Paints & Coatings application segments dominate the India Solvents Market

Paints & Coatings and Printing ink are predicted to account for a market value share of almost 36% and 13% respectively by the end of 2024. While the Printing Ink segment was valued at nearly INR 13.3 Bn in 2016, it is forecast to grow to almost INR 20 Bn by 2024, registering a CAGR of 5.1%. The Paints & Coatings segment was valued at INR 34 Bn in 2016 and should rise to about INR 55.4 Bn by end 2024. Paints & Coatings will record the highest CAGR of 6.3% for the eight-year period, and key stakeholders are advised to take notice.

India Solvents Market Taxonomy

Attribute Details


  • Alcohols
  • Chlorinated Solvents
  • Ketones
  • Hydrocarbon Solvents
    • Aliphatic Solvents
    • Aromatic Solvents
  • Glycols
  • Glycol Ethers
  • Esters
  • Others


  • Printing Ink
  • Paints & Coatings
  • Metal Working
  • Industrial Cleaning
  • Adhesive & Sealant
  • Pharmaceuticals
  • Rubber & Plastics
  • Agrochemicals
  • Personal Care & Cosmetics
  • Others


  • North
  • South
  • East
  • West

For report customisation and delivery information contact our sales representative.

Companies Covered in This Report

  • Exxon Mobil Corporation
  • Royal Dutch Shell plc.
  • Total S.A.
  • Idemitsu Kosan Co., Ltd.
  • The Dow Chemical Company
  • Solvay S.A.
  • Ashland Inc.
  • Bharat Petroleum Corporation Limited
  • India Glycols Limited.
  • Hindustan Petroleum Corporation Limited
  • Eastman Chemical Company
  • Others

This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy
Google translate