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India High Purity Solvents Market – Industry Trends and Forecast to 2030

Chemical and Materials

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India High Purity Solvents Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • Country Level
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

India High Purity Solvents Market, By Type (Spectrophotometric Solvents, UHPLC and LC/MS Solvents, HPLC Solvents, GC Solvents, and Others), Grade (ACS, Biosolv, Gcsolv, HPLC Grade, Omnisolv, Pestisolv, Purge & Trap, Spectrosolv, Tracegrade, USP, Ultratrace, Unisolv and Others), Category (Polar Solvent and Non-Polar Solvent), Application (Liquid Crystals, Lithium Ion Batteries, Electroplating, Resins, Catalysts and Others), End-User (Pharmaceutical and Biopharmaceutical, Chemical Laboratories, Cosmetics, Food & Beverage, Agriculture, Paints & Coatings, Biotechnology, Electrical & Electronics and Others) - Industry Trends and Forecast to 2030.

India High Purity Solvents Market Analysis and Size  

High-purity solvents are the synthetically-distilled nature of organic chemicals, which are colorless and available with a pungent odor. They are manufactured with the highly distilled property of purity of a minimum of 99.3%, which has widened the application in the pharmaceutical industry. They are available in various categories, such as polar and non-polar solvents. It helps improve the life shelf of food products, which has widened its usage in the food industry. High-purity solvents are used in chemical laboratories, cosmetics, food & beverage, agriculture, paints & coatings, biotechnology, electrical & electronics, and at several other places, increasing the preferences among manufacturers in industrial activities.

Data Bridge Market Research analyses that the India high purity solvents market which was USD 630.16 million in 2022, would rocket up to USD 999.99 million by 2030 and is expected to undergo a CAGR of 8% during the forecast period.

Growing demand for high purity solvents for lab consumables by the life sciences segment is driving the market growth. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

India High Purity Solvents Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Tons, Pricing in USD

Segments Covered

Type (Spectrophotometric Solvents, UHPLC and LC/MS Solvents, HPLC Solvents, GC Solvents, and Others), Grade (ACS, Biosolv, Gcsolv, HPLC Grade, Omnisolv, Pestisolv, Purge & Trap, Spectrosolv, Tracegrade, USP, Ultratrace, Unisolv, and Others), Category (Polar Solvent and Non-Polar Solvent), Application (Liquid Crystals, Lithium Ion Batteries, Electroplating, Resins, Catalysts, and Others), End-User (Pharmaceutical and Biopharmaceutical, Chemical Laboratories, Cosmetics, Food & Beverage, Agriculture, Paints & Coatings, Biotechnology, Electrical & Electronics, and Others)

Market Players Covered

Exxon Mobil Corporation (U.S.), BASF SE (U.S.), Asahi Kasei Corporation (Tokyo), The Linde Group (Ireland), Thermo Fisher Scientific Inc., (U.S.) High Purity Laboratory Chemicals Pvt. Ltd. (India), Dow (U.S.), Apchem Pvt. Ltd. (U.S.), Evonik Industries AG (Germany), Merck KGaA (U.S.), Spectrum Chemical Manufacturing Corp. (U.S.), Central Drug House, Tedia (India), Mitsubishi Chemical Corporation (Subsidiary of Mitsubishi Chemical Holdings Corporation.) (Japan), and Akzo Nobel N.V. c. (Netherlands) among others.

Market Opportunities

  • Growing use of high purity solvents in perfumes
  • Use of high-purity solvents in cannabis extraction

Market Definition

High-purity solvents are synthetically-distilled organic chemicals with broad industrial applications. High purity solvents refer to solvents that have extremely low levels of impurities, contaminants, and residual substances. These solvents are widely used in various industries, including pharmaceuticals, electronics, analytical laboratories, and specialty chemicals. They are crucial for the synthesis of complex Grignard reactions in laboratory conditions and are fundamentally important for improving agrochemical and pharmaceutical manufacture.

India High Purity Solvents Market Dynamics

Drivers

  • GROWING demand of high purity solvents for lab consumables by the life sciences segment

Lab consumables refer to the components used in various experiments that take place in laboratories for the results. The consumables are intended to be used daily, discarded, and later disposed of after the common practices of the laboratories. The lab consumables mainly include beakers, test tubes, disposable pipettes, and funnels for precise laboratory measurements. A wide range of the high purity solvents is used in the lab consumables such as Acrylamide-d5, Acid Blue-9, (1-Acetoxy-2,2,5,5-tetramethyl-Delta-3-pyrroline-3-methyl) Methanesulfonate, Bis(dithiarsolanyl)-bis(sulfobutyl) Cyanine 3 and several others that are used in the day to day testing and other workings of the laboratories.

For instance,

  • Under the Drug Development & Delivery, Honeywell International Inc is also launching the new business of Honeywell Research Chemicals to provide a variety of organic solvents and several other chemicals to fulfill the uprising demand of the consumers.
  • Use of n-heptane solvent as a test fuel component in anti-knock engine testing

N-heptane refers to the straight-chain alkane formed from hydrocarbon solvent used in the laboratories' anti-knock test engines as a test fuel component. The 100% heptane fuel helps provide the zero point on the octane rating scale. In short, the equation of octane number and anti-knock qualities compared to the mixture of isooctane and heptane can be expressed as the percentage of the isooctane about heptane as n-heptane is considered the non-polar solvent that is ideally easy to store and convenient to move at any place. In addition, the n-heptane helps act as the isomer which has widened the area of application in paints and coatings. The octane rating is an important parameter for gasoline fuels, indicating their resistance to knocking. Higher-octane fuels are more resistant to knocking and allow engines to operate at higher compression ratios without experiencing detrimental knocking. Therefore, using n-heptane in knock engine testing allows for assessing a fuel's performance and its suitability for different engine types and conditions.

  • The growing use of chemicals such as high-purity solvents in the construction industry in India

The increasing construction activities are a sign that the economy is developing. For the development of the economy, the government is incurring massive funds to maximize the economy's scale. Nowadays, the cities of the states are changing to smart cities. The smart cities are linked to the infrastructure in which people use innovative technology to deploy measures to deal with coming-up situations rapidly. The Growing construction industry positively impacts economic growth, employment, and infrastructure development.

Opportunities

  • The growing use of high-purity solvents in perfumes

Perfumes refer to the mixture of various fragrant essential oils and aroma solvents or compounds that helps maintain the level of freshness and activeness in the consumers. In youngsters, perfumes and deodorants became a major part of daily usage. Along with this, the perfumes help maintain confidence as if the person smells good in the gatherings. Instead of this, individuals nowadays prefer organic products, which may not cause any harm to their health. Organic products suit all kinds of sensitive skin by not causing any reaction, such as skin irritation or redness. Due to this, the manufacturers prefer manufacturing organic products through organic materials.

  • USE OF HIGH-PURITY SOLVENTS IN CANNABIS EXTRACTION

Cannabis is the kind of drug extracted from the family of plants with psychoactive properties known as marijuana, including hemp. Cannabis helps produce a mild sense of euphoria and several other things. It can be eaten or even smoked. They are potentially extracted for usage in the medical sector as the palliative for glaucoma as well as mainly in curing diseases related to the loss of appetite, cancer, AIDS as well as various other illnesses. Cannabis is used for several kinds of recreational and medical purposes. The incredible medicinal values help greatly enhance the recovery rate of disease sufferers. High purity solvents are critical to ensure the extracted cannabinoids are free from contaminants, residual solvents, and other impurities. Good manufacturing practices, proper solvent handling, and appropriate purification processes are essential to achieve high-quality cannabinoid extracts.

Restraints/Challenges

  • The use of high-purity solvents causes health hazards

Health hazards occur in humans due to acute exposure to poor working conditions or intense exposure to a toxic environment. The usage of organic solvents such as heptane and several other solvents leads to wide health effects reflected on the central nervous system such as light‐headedness, dizziness, headache, and unconsciousness, irritation of body parts, and, even worse case leads to death. Youngsters nowadays use a large amount of the items such as lighter fuel, food products, glues, cosmetics, and several others, which involve the usage of a high amount of a variety of high purity of solvents.

For instance,

  • As per the National Center for Biotechnology Information, U.S. National Library of Medicine, due to the solvent impact on health on daily usage items, around 65 children die every year.
  • Growing environmental concerns due to the use of high-purity solvents

One of the major challenges faced by the users of high-purity solvents is the growing environmental concerns due to the usage of high-purity solvents. The solvents are considered a great environmental concern in the economy, which has decreased the usage in the final products, which is the new aim of green chemistry. The solvent is used in both commercial and industrial sectors as the media for various kinds of chemical reactions. Using the high purity of the solvent in various mixtures leads to the formation of various harmful gases that affect the environment and lead to the depletion of the ozone layer.

Recent Developments

  • In March 2021, Braskem and Dutch-based NXTLEVVEL Biochem collaborated to study the renewable solvent market. This partnership encompasses solutions for segments such as paints and coatings, agrochemicals, personal care, home care, industrial and institutional cleaning

  • In February 2020, Tedia. presented at PittCon Conference & Expo, which attracts various industries and academics held in Chicago. The conference helps increase the business's revenue and increase the company's customer base.

India High Purity Solvents Market Scope

The India high purity solvents market is segmented based on type, grade, category, application, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Spectrophotometric Solvents
  • UHPLC And LC/MS Solvents
  • HPLC Solvents
  • GC Solvents
  • Others

Grade

  •  ACS
  • Biosolv
  • Gcsolv
  • HPLC Grade
  •  Omnisolv
  • Pestisolv
  • Purge & Trap
  • Spectrosolv
  • Tracegrade
  •  USP
  • Ultratrace
  • Unisolv
  • Others

Category

  • Polar Solvent
  • Non-Polar Solvent

Application

  • Liquid Crystals
  • Lithium Ion Batteries
  •  Electroplating
  •  Resins
  •  Catalysts
  • Others

End-User

  • Pharmaceutical and Biopharmaceutical
  • Chemical Laboratories
  • Cosmetics
  • Food & beverage
  •  Agriculture
  • Paints & Coatings
  • Biotechnology
  • Electrical & Electronics
  • Others

India High Purity Solvents Market growth and New Technology Penetration

The India high purity solvents market also provides you with detailed market analysis for every country growth in expenditure for capital equipment, installed base of different kind of products , impact of technology using life line curves and changes in regulatory scenarios and their impact on the India High Purity Solvents Market . The data is available for historic period 2015-2020.

Competitive Landscape and India High Purity Solvents Market Share Analysis

The India high purity solvents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus on the market .

Some of the major players operating in the India high purity solvents market are:

  • Exxon Mobil Corporation(U.S.)
  • BASF SE (U.S.)
  •  Asahi Kasei Corporation (Tokyo)
  • The Linde Group (Ireland)
  • Thermo Fisher Scientific Inc.,(U.S.)
  • High Purity Laboratory Chemicals Pvt. Ltd. (India)
  •  Dow (U.S.)
  • Apchem Pvt. Ltd. (U.S.)
  •  Evonik Industries AG (Germany)
  • Merck KGaA (U.S.)
  •  Spectrum Chemical Manufacturing Corp. (U.S.)
  • Central Drug House, Tedia (India)
  •  Mitsubishi Chemical Corporation (Subsidiary of Mitsubishi Chemical Holdings Corporation.) (Japan)
  • Akzo Nobel N.V. c. (Netherlands)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The India High Purity Solvents Market is known to be worth USD 999.99 million by 2030
The Growth Rate of the India High Purity Solvents Market is 8% by 2030.
The GROWING demand of high purity solvents for lab consumables by the life sciences segment and the growing use of chemicals such as high-purity solvents in the construction industry in India are growth drivers of the India High Purity Solvents Market.
The major companies in the India high purity solvents market are Exxon Mobil Corporation, BASF SE , Asahi Kasei Corporation, The Linde Group ,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 (Subsidiary of Mitsubishi Chemical Holdings Corporation.), Akzo Nobel N.V. c.
The type, grade, category, application, and end-user are the factors on which the India High Purity Solvents Market research is based on.
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