| Product Code: ETC4489285 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
India`s import of oxygenated solvents in 2024 saw significant growth, with top exporters being Singapore, China, Germany, Japan, and South Korea. The market showed a transition from low to moderate concentration, indicating increased competition among suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a strong 8.35%, with a notable growth rate of 33.46% from 2023 to 2024. This suggests a growing demand for oxygenated solvents in India, with diverse sources contributing to the market`s expansion.

Oxygenated solvents are widely used in paints, coatings, and chemical processes. The market is driven by the paint and coating industry, as well as the chemical sector. As these industries advance and adhere to environmental regulations, the demand for eco-friendly oxygenated solvents is expected to rise.
The India oxygenated solvents market is influenced by several sectors, including paints and coatings, pharmaceuticals, and chemicals. Oxygenated solvents are essential in these industries due to their low toxicity and environmentally friendly properties. As awareness of health and environmental issues grows, there is a shift towards using solvents with lower emissions and improved safety profiles. This transition drives the demand for oxygenated solvents in India.
The oxygenated solvents market in India grapples with challenges such as the need to develop safer and environmentally friendly solvents due to regulatory pressure and consumer demand. The market must invest in research and development to create alternative solvents that meet industry standards while minimizing environmental impact. Additionally, educating end-users about the advantages of oxygenated solvents in various applications is vital.
The India oxygenated solvents market was impacted by the COVID-19 pandemic due to disruptions in industrial activities. These solvents are used in coatings, paints, and chemical processes. Market dynamics shifted as some industries scaled back production or modified their processes.
Key players in the India oxygenated solvents market include BASF India, INEOS Group, and Shell India. These companies lead the production and supply of oxygenated solvents that find extensive use in coatings, paints, and cleaning agents.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Oxygenated Solvents Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Oxygenated Solvents Market Revenues & Volume, 2021 & 2031F |
3.3 India Oxygenated Solvents Market - Industry Life Cycle |
3.4 India Oxygenated Solvents Market - Porter's Five Forces |
3.5 India Oxygenated Solvents Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 India Oxygenated Solvents Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 India Oxygenated Solvents Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Oxygenated Solvents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from end-use industries such as paints and coatings, pharmaceuticals, and agrochemicals |
4.2.2 Growing awareness about the benefits of using oxygenated solvents over conventional solvents |
4.2.3 Favorable government regulations promoting the use of eco-friendly solvents |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from alternative solvents or technologies |
4.3.3 Volatility in the global market affecting import/export dynamics |
5 India Oxygenated Solvents Market Trends |
6 India Oxygenated Solvents Market, By Types |
6.1 India Oxygenated Solvents Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 India Oxygenated Solvents Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 India Oxygenated Solvents Market Revenues & Volume, By Conventional , 2021-2031F |
6.1.4 India Oxygenated Solvents Market Revenues & Volume, By Bio & Green, 2021-2031F |
6.2 India Oxygenated Solvents Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Oxygenated Solvents Market Revenues & Volume, By Alcohols, 2021-2031F |
6.2.3 India Oxygenated Solvents Market Revenues & Volume, By Esters, 2021-2031F |
6.2.4 India Oxygenated Solvents Market Revenues & Volume, By Glycols, 2021-2031F |
6.2.5 India Oxygenated Solvents Market Revenues & Volume, By Glycol Ethers, 2021-2031F |
6.2.6 India Oxygenated Solvents Market Revenues & Volume, By Ketones, 2021-2031F |
6.3 India Oxygenated Solvents Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Oxygenated Solvents Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.3.3 India Oxygenated Solvents Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.4 India Oxygenated Solvents Market Revenues & Volume, By Cleaners, 2021-2031F |
6.3.5 India Oxygenated Solvents Market Revenues & Volume, By Crop Protection, 2021-2031F |
7 India Oxygenated Solvents Market Import-Export Trade Statistics |
7.1 India Oxygenated Solvents Market Export to Major Countries |
7.2 India Oxygenated Solvents Market Imports from Major Countries |
8 India Oxygenated Solvents Market Key Performance Indicators |
8.1 Adoption rate of oxygenated solvents in key industries |
8.2 Investment in research and development for new solvent formulations |
8.3 Regulatory compliance and certifications obtained by manufacturers |
8.4 Innovation in sustainable production processes |
8.5 Market penetration in tier 2 and tier 3 cities in India |
9 India Oxygenated Solvents Market - Opportunity Assessment |
9.1 India Oxygenated Solvents Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 India Oxygenated Solvents Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 India Oxygenated Solvents Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Oxygenated Solvents Market - Competitive Landscape |
10.1 India Oxygenated Solvents Market Revenue Share, By Companies, 2024 |
10.2 India Oxygenated Solvents Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |