Aromatic solvents are those solvents that usually involve the inclusion of an aromatic hydrocarbon like toluene, xylene, or even naphtha. These solvents are used as diluents, and solvents, in various industries. They also have corrosion inhibiting capabilities which make it more beneficial.
The Global Aromatic Solvents Market is expected to rise from an initial estimated value of USD 5.97 billion in 2018 to an estimated value of USD 7.24 billion by 2026 while registering a CAGR of 2.45% in the forecast period of 2019-2026. These solvents are a powerful bonding and dissolving agent for organic liquids which has increased their applications to a number of industries, thus driving the market growth.
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Market Drivers and Restraints:
Increase in demand by the paints market is driving the growth higher, because these solvents are used to dissolve and bind a number of chemicals in the paint
High solvency capabilities of these solvents is also one of the major factors for the market growth
Due to the emissions of volatile organic compounds in the manufacturing of these solvents, the market is expected to be restrained
The awareness regarding the harmful effects in usage of these aromatic solvents is growing and hence, the consumers are inclined on shifting to environmentally safe solvents. This factor is expected to restrain the market growth
The major players covered in the Isobutene market
Few of the major market competitors currently working in the Aromatic Solvents Market are Royal Dutch Shell, SK Innovation Co. Ltd., Exxon Mobil Corporation, China Petrochemical Corporation, BASF SE, LyondellBasell Industries Holdings B.V., Reliance Industries Limited, Total, CPC Corporation, Pampa Energía S.A., Bharat Petroleum Corporation Limited, Chevron Phillips Chemical Company, FCFA, HCS Group, Indian Oil Corporation Ltd, Pon Pure Chemicals, Recochem Corporation, THAI OIL, W.M. Barr & Co., ARHAM PETROCHEM PRIVATE LIMITED (APPL), Agrofert, Eastman Chemical Company, Galp, Ganga Rasayanie (P) Ltd., Hanwha Group, Jiangsu Hualun Chemical Co. Ltd., Korea Petrochemical Ind. Co., LTD., Monument Chemical, S-OIL CORPORATION, Marathon Petroleum Corporation, Celanese Corporation, Honeywell International Inc., Ashland, and Huntsman International LLC.
MAJOR TOC OF THE REPORT
Chapter One: Aromatic Solvents Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Aromatic Solvents MarketCompetition, by Players
Chapter Four: Global Aromatic Solvents Market Size by Regions
Chapter Five: North America Aromatic Solvents Market Revenue by Countries
Chapter Six: Europe Aromatic Solvents Market Revenue by Countries
Chapter Seven: Asia-Pacific Aromatic Solvents Market Revenue by Countries
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Aromatic Solvents Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Aromatic Solvents Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Aromatic Solvents Market
A roadmap of growth opportunities available in the global Aromatic Solvents Marketwith the identification of key factors
The exhaustive analysis of various trends of the global Aromatic Solvents Marketto help identify market developments
Key Questions Answered in Report:
What is the key to the Aromatic Solvents Market?
What will the Aromatic Solvents MarketDemand and what will be Growth?
What are the latest opportunities for Aromatic Solvents Marketin the future?
What are the strengths of the key players?
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