Global Aromatic Compounds Market Growth 2023-2029

Global Aromatic Compounds Market Growth 2023-2029

Aromatic compounds, also known as arenes or aromatics, are chemicalcompounds that contain conjugated planar ring systems with delocalizedpi electron clouds instead of discrete alternating single and double bonds. Typical aromatic compounds are benzene and toluene. An aromatic compound is any compound that contains a benzene ring or has certain benzene-like properties (but not necessarily a strong aroma).

LPI (LP Information)' newest research report, the “Aromatic Compounds Industry Forecast” looks at past sales and reviews total world Aromatic Compounds sales in 2022, providing a comprehensive analysis by region and market sector of projected Aromatic Compounds sales for 2023 through 2029. With Aromatic Compounds sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aromatic Compounds industry.

This Insight Report provides a comprehensive analysis of the global Aromatic Compounds landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aromatic Compounds portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aromatic Compounds market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aromatic Compounds and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aromatic Compounds.

The global Aromatic Compounds market size is projected to grow from US$ 174.1 million in 2022 to US$ 296.2 million in 2029; it is expected to grow at a CAGR of 296.2 from 2023 to 2029.

Global Aromatic Compounds key players include Sinopec, ExxonMobile, Total S.A., China National Petroleum, etc. Global top four manufacturers hold a share nearly 25%.

Asia Pacific (Ex. China) is the largest market, with a share about 40%, followed by China, and North America, both have a share over 30 percent.

In terms of product, Xylenes is the largest segment, with a share over 40%. And in terms of application, the largest application is Organic Chemical, followed by Solvent, Additive, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Aromatic Compounds market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Benzene

Toluene

Xylenes

PAH

Others

Segmentation by application

Solvent

Additive

Organic Chemical

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Sinopec

ExxonMobile

Total S.A.

China National Petroleum

BP Chemicals

Shell

Reliance Industries

SK

Koch

Formosa Plastics

JX Nippon Oil&Energy

INEOS Group

ConocoPhillips

SABIC

LyondellBasell

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aromatic Compounds market?

What factors are driving Aromatic Compounds market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Aromatic Compounds market opportunities vary by end market size?

How does Aromatic Compounds break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.