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Aromatic Solvents Market, Demand, Growth opportunity Forecast 2028| KACSK Market Research
Why is it called aromatic?
Aromatic, originally called due to their aromatic properties, unsaturated hydrocarbon ring structures that show signs of special properties, including unusual stability. They’re often represented as resonance structures containing single and double bonds.
The global Aromatic Solvents market was valued at USD 7.4 Billion in 2018 and is expected to reach USD XX Billion by the year 2028, at a CAGR of XX%.
What is meant by aromatic compounds?
An aromatic compound is an unsaturated chemical compound characterized by one or more planar rings of atoms joined by covalent bonds of two different kinds. Aromaticity outcome from bonding arrangements that cause certain (π) pi electrons within a molecule.
What are Aromatics used for?
Aromatics provides a number of the essential building blocks of the fashionable petrochemical industry. Paints, adhesives, packaging, computers, compact discs, Clothing, snowboards, and tennis racquets are among the various products that believe in aromatics.
What are some examples of aromatic compounds?
Aromatic compounds contain conjugated planar ring systems amid delocalized pi-electron clouds in situ of individual alternating double and single bonds. They’re also called aromatics or arenes. Examples are toluene and benzene.
The report provides comprehensive knowledge about the vital aspects of driving factors, major Enhancement & challenges which can define the upcoming development of the market. Besides, the Aromatic Solvents Market report major augmentation opportunity for investors to take a position alongside the thorough analysis of the competitive landscape.
The study objectives of this report are:
The report shares detailed information about the key factors that affect the expansion of the market in terms of potential, opportunities, drivers, challenges, and risks.
The report helps in understanding the structure of the Aromatic Solvents Market by identifying its various segments and sub-segments.
Aromatic Solvents marketing research Report gives current competitive analysis and also valuable insights to clients/industries, which can assist them to organize a replacement strategy to expand or penetrate during a global Aromatic Solvents Market.
The report presents in-depth knowledge of the present and future growth dynamics of the Aromatic Solvents Market Stats and Reports Industry with the assistance of wide market data covering all key features and market segments. This report shows a bird’s-eye view during which past and present trends and factors that boost the prospect of market growth in the near future market are forecasts.
An aromatic solvent is a solvent that contains an aromatic hydrocarbon such as naptha, toluene, or xylene.
Aromatic solvents are primarily used as solvents and diluents in various industrial fields.
Aromatic solvents such as toluene are commonly used in paints, varnishes, adhesives, and as chemical intermediates. These solvents are mostly generated through the distillation of crude petroleum stock in the oil refining industry.
Aromatic solvents are mostly used as thinners and diluents in several end-user products, such as paints, coatings, and cleaners. Aromatic solvents are also used as corrosion inhibitors in the oil and gas industry.
The rise of the machinery, appliances, and automotive markets and the simultaneous rise in building and construction activities are predicted to drive the demand during the forecast period. For its high solvency power and increasing capacity expansion, xylene is expected to achieve the highest CAGR in terms of volumes and values.
Additionally, the emerging players have a good opportunity to enter the Aromatic Solvents market, owing to the rapid development and urbanization in various countries across the globe thereby increasing the demand for these solvents. High investment expenditures, licensing of registered technology restrict the entrance of new market which is predicted as the hinder to the growth of the Aromatic Solvents Market.
Key Vendor- Royal Dutch Shell Plc, Lyondell Basell Industries Holdings B.V, China Petroleum and Chemical Corporation, BASF SE, SK Global Chemical Co., Ltd, China National Petroleum Corporation, Reliance Industries Limited, ExxonMobil Corporation, Chinese Petroleum Corporation.Toluene, Xylene, and Ethylbenzene, Benzene, Oilfield chemicals, Pharmaceuticals, Automotive, Paints, and coatings, Others
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Table of Content
Aromatic Solvents Market
Table of Content
1. Research Framework
1.1. Research Objective
1.2. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Industry Participants
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation
3. Executive Summary
4. Market Dynamics
4.1. Industry Value Chain Analysis
4.1.1. Raw Material Provider
4.1.4. End User
4.2. Global Industry Outlook
4.3. Porter’s Five Forces Model
4.4. Market Potential
4.5. COVID-19 Impact Assessment on Market
4.5.1. V Shaped Recovery
4.5.2. U Shaped Recovery
4.5.3. L Shaped Recovery
4.5.4. W Shaped Recovery
4.6. COVID-19 Impact Assessment on Market
4.7. Major Strategies Adopted by Key Players
4.8. Market Positioning of Key Players
5. Global Aromatic Solvents Market Analysis, by Application
5.1. Key Insights
5.2. Market Size and Forecast, 2018-2028 (USD Mn)
5.2.1. Printing Inks
5.2.3. Cleaning & Degreasing
5.2.4. Paints & Coatings
6. Global Aromatic Solvents Market Analysis, by (Product Type)
6.1. Key Insights
6.2. Market Size and Forecast, 2018-2028 (USD Mn)
6.2.1. Xylene Solvents
6.2.2. Ethylbenzene Solvents
6.2.3. Toluene Solvents
7. Global Aromatic Solvents Market Analysis, by (End Use)
7.1. Key Insights
7.1.1. Market Size and Forecast, 2018-2028 (USD Mn)
7.1.2. Building & Construction
7.1.4. Paints & Coatings
7.1.5. Oil & Gas
8. Global Aromatic Solvents Market, by Geography, 2018-2030 (US$ Bn)
8.1. Key Insights
8.2. Market Size and Forecast, 2018-2028 (USD Mn)
8.2.1. North America
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
9. North America Aromatic Solvents Market Analysis
9.1. Key Insights
9.2. Market Size and Forecast, 2018-2028 (USD Mn)
9.2.1. By Application
9.2.2. Printing Inks
9.2.4. Cleaning & Degreasing
9.2.5. Paints & Coatings
9.2.7. By Product Type
9.2.8. Xylene Solvents
9.2.9. Ethylbenzene Solvents
9.2.10. Toluene Solvents
9.2.12. By End Use-
9.2.13. Building & Construction
9.2.15. Paints & Coatings
9.2.16. Oil & Gas
9.2.19. By Country
22.214.171.124. United States (U.S.)
10. Europe Aromatic Solvents Market Analysis
10.1. Key Insights
10.2. Market Size and Forecast, 2018-2028 (USD Mn)
10.2.1. By Application
10.2.2. Printing Inks
10.2.4. Cleaning & Degreasing
10.2.5. Paints & Coatings
10.2.7. By Product Type
10.2.8. Xylene Solvents
10.2.9. Ethylbenzene Solvents
10.2.10. Toluene Solvents
10.2.12. By End Use-
10.2.13. Building & Construction
10.2.15. Paints & Coatings
10.2.16. Oil & Gas
10.2.19. By Country
10.2.19.1. United Kingdom (U.K.)
10.2.19.6. Rest of Europe
11. Asia Pacific Aromatic Solvents Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2018-2028 (USD Mn)
11.2.1. By Application
11.2.2. Printing Inks
11.2.4. Cleaning & Degreasing
11.2.5. Paints & Coatings
11.2.7. By Product Type
11.2.8. Xylene Solvents
11.2.9. Ethylbenzene Solvents
11.2.10. Toluene Solvents
11.2.12. By End Use-
11.2.13. Building & Construction
11.2.15. Paints & Coatings
11.2.16. Oil & Gas
11.2.19. By Country
126.96.36.199. Rest of Asia Pacific
12. Latin America Aromatic Solvents Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2018-2028 (USD Mn)
12.2.1. By Application
12.2.2. Printing Inks
12.2.4. Cleaning & Degreasing
12.2.5. Paints & Coatings
12.2.7. By Product Type
12.2.8. Xylene Solvents
12.2.9. Ethylbenzene Solvents
12.2.10. Toluene Solvents
12.2.12. By End Use-
12.2.13. Building & Construction
12.2.15. Paints & Coatings
12.2.16. Oil & Gas
188.8.131.52. Rest of Latin America
13. Middle East & Africa Aromatic Solvents Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2018-2028 (USD Mn)
13.2.1. By Application
13.2.2. Printing Inks
13.2.4. Cleaning & Degreasing
13.2.5. Paints & Coatings
13.2.7. By Product Type
13.2.8. Xylene Solvents
13.2.9. Ethylbenzene Solvents
13.2.10. Toluene Solvents
13.2.12. By End Use-
13.2.13. Building & Construction
13.2.15. Paints & Coatings
13.2.16. Oil & Gas
13.2.19. By Country
184.108.40.206. GCC Countries
220.127.116.11. Rest of Middle East & Africa
14. Company Profiles
14.1. Company 1- Royal Dutch Shell Plc.
14.1.1. Company Basic Information, Manufacturing Base, Sales Area
14.1.2. Company Sales and Net Income Highlights
14.1.3. Business Overview
14.1.4. Company News
14.2. Company 2- Dupont
14.2.1. Company Basic Information, Manufacturing Base, Sales Area
14.2.2. Company Sales and Net Income Highlights
14.2.3. Business Overview
14.2.4. Company News
14.3. Company 3- Exxon Mobil Corporation
14.3.1. Company Basic Information, Manufacturing Base, Sales Area
14.3.2. Company Sales and Net Income Highlights
14.3.3. Business Overview
14.3.4. Company News
14.4. Company 4- BASF
14.4.1. Company Basic Information, Manufacturing Base, Sales Area
14.4.2. Company Sales and Net Income Highlights
14.4.3. Business Overview
14.4.4. Company News
14.5. Company 5- Gelanese Corporation
14.5.1. Company Basic Information, Manufacturing Base, Sales Area
14.5.2. Company Sales and Net Income Highlights
14.5.3. Business Overview
14.5.4. Company News
14.6. Company 6- Eastman Chemical Company
14.6.1. Company Basic Information, Manufacturing Base, Sales Area
14.6.2. Company Sales and Net Income Highlights
14.6.3. Business Overview
14.6.4. Company News
14.7. Company 7- Ashland Inc
14.7.1. Company Basic Information, Manufacturing Base, Sales Area
14.7.2. Company Sales and Net Income Highlights
14.7.3. Business Overview
14.7.4. Company News
14.8. Company 8- INEOS AG
14.8.1. Company Basic Information, Manufacturing Base, Sales Area
14.8.2. Company Sales and Net Income Highlights
14.8.3. Business Overview
14.8.4. Company News
14.9. Company 9- Haltermann Carless
14.9.1. Company Basic Information, Manufacturing Base, Sales Area
14.9.2. Company Sales and Net Income Highlights
14.9.3. Business Overview
14.9.4. Company News
14.10. Company 10- Huntsman International LLC
14.10.1. Company Basic Information, Manufacturing Base, Sales Area
14.10.2. Company Sales and Net Income Highlights
14.10.3. Business Overview
14.10.4. Company News
14.11. Company – Others Market Players will be Included in the Final Report
14.11.1. Company Basic Information, Manufacturing Base, Sales Area
14.11.2. Company Sales and Net Income Highlights
14.11.3. Business Overview
14.11.4. Company News
Research Findings & Conclusion
The Aromatic Solvents Market Market is segmented into different categories.
Aromatic Solvents Market segment, by Application
- Printing Inks
- Cleaning & Degreasing
- Paints & Coatings
Aromatic Solvents Market segment by Type
- Xylene Solvents
- Ethylbenzene Solvents
- Toluene Solvents
Aromatic Solvents Market Segment by End-Use-
- Building & Construction
- Paints & Coatings
- Oil & Gas
KACSK Market Research is also covering the Global-
The Global Market study evaluates market development across the foremost zonal sections. It’s divided on the idea of the topography. The report embraces the spirited circumstances obtainable within the Aromatic Solvents Market.
• Asia- Pacific: – India, Japan, China, Australia, Singapore, South Korea, and Indonesia
• Europe: – Spain, Russia, Italy, Germany, UK, and France
• South America: – Brazil, Bolivia, Chile, and Argentina.
• North America: – the US, Canada, and Mexico
• The Middle East and Africa: – South Africa, Turkey, Egypt, Saudi Arabia, and the UAE.
Note- Reports can also be available Specific region-wise as per Client requirements
Key Players Covered in the Report-
- Royal Dutch Shell Plc.
- Exxon Mobil Corporation
- Gelanese Corporation
- Eastman Chemical Company
- Ashland Inc
- INEOS AG
- Haltermann Carless
- Huntsman International LLC
- Lyondell Basell Industries Holdings B.V
- SK Global Chemical Co., Ltd.
* Listed companies in this report may vary in the final report subject to Name Change / Merger etc