India High Purity Solvents Market is expected to grow with the CAGR of 7.2% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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India high purity solvents market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in India high purity solvents market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in March 2020, BASF SE had launched new polyphenylsulfone Ultrason that provides the consumers new variety of dishes as well as bowls which are especially used for the Japanese schools. The product launch helps in maximising the employers’ dedication of the company which generates revenue of the business.
BASF SE is the dominating player in India high purity solvents market. The other key players existing in the market includes Exxon Mobil Corporation, Asahi Kasei Corporation, Linde, Thermo Fisher Scientific Inc., High Purity Laboratory Chemicals Pvt. Ltd., Dow, Apchem Pvt. Ltd., Evonik Industries AG, Merck KGaA, Spectrum Chemical Manufacturing Corp., Central Drug House, Tedia, Mitsubishi Chemical Corporation (a subsidiary of Mitsubishi Chemical Holdings Corporation), Akzo Nobel N.V. among others.
BASF SE headquartered in Ludwigshafen, Germany was established in 1865. The company is engaged in providing chemicals, plastics, performance products and crop protection products to oil and gas. The company deals in various business segments such as materials, industrial solutions, chemicals, surface technologies, nutrition & care, agricultural solutions and others among which chemicals is the market focused segment. The company offers various products under categories such as automotive & transportation, agriculture, plastics & rubber, electronics & electric, construction, energy & resources, pharmaceuticals, textile, leather & footwear, furniture & wood, packaging & print, pulp & paper, home care and I&I cleaning, paints & coatings, personal care & hygiene, chemicals and nutrition and the market focused product lies under chemicals category in high purity solvents market.
The company has wide presence across the globe such as in Americas, Asia-Pacific, Middle East and Africa and Europe. The company generates its revenue through subsidiaries such as BASF Coatings GmbH (Germany), Wintershall, BASF Japan (Japan), Engelhard (U.S.), PCI Augsburg GmbH (Germany), Cognis (Germany) among others.
Central Drug House:
Central Drug House headquartered in New Delhi, India was founded in 1981. The company is engaged in the manufacturing of wide range of dehydrated culture media as well as laboratory fine chemicals. The company offers various products under categories such as chemicals, microbiology and the market focused product lies under chemicals category in high purity solvents market.
The company has wide global presence in North America, South America, Europe, Asia-Pacific, Middle and Africa.
Exxon Mobil Corporation:
Exxon Mobil Corporation headquartered in Texas, U.S. was incorporated in 1882. The company is engaged in manufacturing of high quality of chemical products that has wide range of industrial applications. The company deals in various business segments such as upstream, downstream, and chemical among which chemical is the market focused segment. The company offers various products under categories such as branched alcohols, branched higher olefins, butyl, EPDM rubber, linear alpha olefins, neo acids, plasticizers, polyethylene, polymer modifiers, polyolefin plastomers and elastomers, polypropylene, solvents & fluids, synthetic base stocks, tackifiers, and TPV and the market focused product lies under solvents & fluids category in high purity solvents market.
The company has wide global presence in North America, Asia-Pacific, Middle East and Africa, Europe, South America. The company generates its revenue through subsidiaries such as Esso (U.S.), Mobil (U.S.), XTO Energy (U.S.), ExxonMobil Chemical Company (U.S.), Mobil Producing Nigeria (Nigeria) among others.
India High Purity Solvents Market – Industry Trends and Forecast to 2027