| Product Code: ETC7554271 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s solvent import shipments in 2024 show a significant increase in concentration, with key exporting countries being Singapore, China, Germany, Japan, and South Korea. The market saw a high growth rate of 33.46% from 2023 to 2024, contributing to an impressive compound annual growth rate of 8.35% over the period 2020-2024. This shift in concentration levels indicates evolving market dynamics and potential opportunities for stakeholders to capitalize on the growing demand for solvents in India.

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 Solvent Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Solvent Market Revenues & Volume, 2021 & 2031F |
3.3 India Solvent Market - Industry Life Cycle |
3.4 India Solvent Market - Porter's Five Forces |
3.5 India Solvent Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Solvent Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 India Solvent Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Solvent Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in end-use industries such as automotive, construction, and pharmaceuticals leading to increased demand for solvents |
4.2.2 Government initiatives promoting the use of eco-friendly solvents to meet environmental regulations |
4.2.3 Technological advancements in solvent production processes improving efficiency and quality |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of solvents |
4.3.2 Stringent regulations on volatile organic compounds (VOCs) emissions limiting the use of certain solvent types |
4.3.3 Competition from alternative products such as bio-based solvents affecting market share |
5 India Solvent Market Trends |
6 India Solvent Market, By Types |
6.1 India Solvent Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Solvent Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 India Solvent Market Revenues & Volume, By Alcohols, 2021- 2031F |
6.1.4 India Solvent Market Revenues & Volume, By Hydrocarbons, 2021- 2031F |
6.1.5 India Solvent Market Revenues & Volume, By Ketones, 2021- 2031F |
6.1.6 India Solvent Market Revenues & Volume, By Esters, 2021- 2031F |
6.1.7 India Solvent Market Revenues & Volume, By Chlorinated, 2021- 2031F |
6.1.8 India Solvent Market Revenues & Volume, By Others, 2021- 2031F |
6.2 India Solvent Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 India Solvent Market Revenues & Volume, By Petrochemical-based, 2021- 2031F |
6.2.3 India Solvent Market Revenues & Volume, By Bio and Green, 2021- 2031F |
6.3 India Solvent Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Solvent Market Revenues & Volume, By Paints and Coatings, 2021- 2031F |
6.3.3 India Solvent Market Revenues & Volume, By Printing Inks, 2021- 2031F |
6.3.4 India Solvent Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.3.5 India Solvent Market Revenues & Volume, By Cosmetics and Adhesives, 2021- 2031F |
6.3.6 India Solvent Market Revenues & Volume, By Others, 2021- 2031F |
7 India Solvent Market Import-Export Trade Statistics |
7.1 India Solvent Market Export to Major Countries |
7.2 India Solvent Market Imports from Major Countries |
8 India Solvent Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly solvents in the market |
8.2 Investment in research and development for solvent innovation |
8.3 Percentage of solvent manufacturers complying with environmental regulations |
9 India Solvent Market - Opportunity Assessment |
9.1 India Solvent Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Solvent Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 India Solvent Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Solvent Market - Competitive Landscape |
10.1 India Solvent Market Revenue Share, By Companies, 2024 |
10.2 India Solvent Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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