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
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Tons, Pricing in USD
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Segments Covered
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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)
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Market Players Covered
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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.
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Market Opportunities
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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
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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
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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
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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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