Aromatic Solvents

Aromatic Solvents Market Size Valuation Will Reach to US$ 8.10 Bn by 2030 Aromatic Solvents Market Size, Share and Growth Analysis (By Product: Benzene, Xylene, Toluene, and Others; By Application: Pharmaceuticals, Automotive, Oilfield Chemicals, Paints & Coatings, and Others) - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 - 2030

Share This Article

[150+ Pages Report] The aromatic solvents market size in terms of value is projected to reach US$ 8.10 billion by 2030, at a CAGR of 4.8% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global aromatic solvents market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global aromatic solvents market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the aromatic solvents industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

We customize your report according to your research need. REQUEST SAMPLE OR CUSTOMIZED COPY OF THIS REPORT (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/customization/1267

Growth Factors

Strong bonding and dissolving property of aromatic solvents escalates their application in various end-use industries such as nail polish remover, paints, cleaners, varnishes, dyes, and many others, hence significantly drives the market growth for aromatic solvents. The trend for apparel customization is prominently boosting the demand for aromatic solvents in textile industries particularly in China and India.

Other than textile, packaging industry also plays a significant role in driving the market growth of aromatic solvents owing to rapid escalation in demand for food & beverage packaging. Hence, enhanced physical and chemical properties of specialty solvents and its increased application in food & beverage industry are likely to propel the market growth for aromatic solvents in the coming years. As per Smithers Pira, the global packaging industry was valued at US$ 839 billion in the year 2015 and anticipated to be approach trillion-dollar threshold by 2020.

Moreover, their application as corrosion inhibitor mainly in the oil & gas industry as well as thinner and diluents in various other industry verticals expected to escalate the market growth in the forthcoming years. Further, increasing application of chemicals and solvents in oil & gas, construction, and packaging industry is the other major factor that boosts the market for aromatic solvents.

Because of rapid urbanization especially in developing nations flourishes the growth of construction sector. As per a study conducted by PwC, the construction sector witnessed an annual growth rate of 4.5% between 2015 to 2020 in the Asia Pacific region. Further, the construction industry of China expected to overtake the USA market that is one of the most important construction markets globally.

Report Highlights

  • The Asia Pacific is the largest revenue share holder in the global aromatic solvent market and also exhibits the fastest growth rate in the coming years
  • By Product, toluene leads the global aromatic solvent market in the year 2020 owing to its significant application in adhesives sector
  • Based on application, paints & coatings industry captured nearly half of the revenue share in the global aromatic solvent market in 2020 and estimated to continue same trend over the forecast timeframeRegional Snapshots

Among all geographic regions, the Asia Pacific emerged as the front-runner in the global aromatic solvents market both in terms of revenue share as well as growth rate. The prime factors attributed to the prominent growth of the region are rapid growth in urbanization and industrialization. This has significantly escalated various sectors such as construction, packaging, oil & gas, paints & coatings, and many other industries.

Packaging industry is one of the significant revenue contributors to the Asian aromatic solvents market as the Asia Pacific accounted to hold 40% of global share in packaging industry. As per Canadian Research Institute, Asian Packaging industry holds significant potential for future growth owing to largest consumer base across the world. In emerging nations, such as Brazil, India, and China, the affluent middle-class population is growing rapidly, and thus consumption is also growing along with prosperity. As per statistics, population in the Asia Pacific was accounted for only 28.46% of world in the year 2013 that was less compared to Europe, whereas the regions jumped to a share of 53.55% in 2020 that is more than half of the overall world’s population.

Related Reports

  • Recycled Polyethylene Terephthalate Market – The global market size accounted at US$ 7.71 bn in 2019 and to reach at US$ 13.45 bn by 2027 with a CAGR of 7.31% from 2020 to 2027.
  • Specialty Chemicals Market – The global market size reached at USD 721.06 billion in 2019 and projected to hit USD 957.30 billion by 2027, with a CAGR of 4.9% from 2020 to 2027.
  • Industrial Coatings Market – The global market size is predicted to hit over US$ 107.32 billion by 2027 with a impressive CAGR of 3.02% during forecast period 2020 to 2027.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global aromatic solvents market are as follows:

  • Exxon Mobil Corporation
  • China Petroleum & Chemical Corporation
  • SK Global Chemical Co., Ltd.
  • BASF SE
  • Royal Dutch Shell PLC
  • Lyondellbasell Industries Holdings B.V.
  • Reliance Industries Limited (RIL)
  • China National Petroleum Corporation (CNPC)
  • Chinese Petroleum Corporation (CPC)
  • Total S.A.

Market Segmentation

By Product Type

  • Benzene
  • Xylene
  • Toluene
  • Others

By Application Type

  • Pharmaceuticals
  • Automotive
  • Oilfield Chemicals
  • Paints & Coatings
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the aromatic solvents market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global aromatic solvents market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for aromatic solvents are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Aromatic Solvents Market, By Product

7.1. Aromatic Solvents Market, by Product Type, 2021-2030

7.1.1. Benzene

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Xylene

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Toluene

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Others

7.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Aromatic Solvents Market, By Application

8.1. Aromatic Solvents Market, by Application, 2021-2030

8.1.1. Pharmaceuticals

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Automotive

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Oilfield Chemicals

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Paints & Coatings

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Aromatic Solvents Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.2. Market Revenue and Forecast, by Application (2017-2030)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

Chapter 10. Company Profiles

10.1. Exxon Mobil Corporation

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. China Petroleum & Chemical Corporation

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. SK Global Chemical Co., Ltd.

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. BASF SE

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Royal Dutch Shell PLC

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Lyondellbasell Industries Holdings B.V.

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Reliance Industries Limited (RIL)

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. China National Petroleum Corporation (CNPC)

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Chinese Petroleum Corporation (CPC)

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. Total S.A.

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Purchase This Premium Research Report @ https://www.precedenceresearch.com/checkout/1267

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defence, among different ventures, present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://precedenceresearchnews.wordpress.com

Follow us on LinkedIn | Twitter | Facebook

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

View all posts by Precedence Research →