Global Aromatic Solvents Market Growth 2023-2029

Global Aromatic Solvents Market Growth 2023-2029

Aromatic solvent is a type of hydrocarbon that has alternating double and single bonds between carbon atoms, which form rings. Aromatic solvents are powerful solvents for organic liquids. They are widely used in a variety of industries such as paints, petrochemicals, cleaners, adhesives, dyes, and varnishes.

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

This Insight Report provides a comprehensive analysis of the global Aromatic Solvents 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 Solvents portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aromatic Solvents market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aromatic Solvents 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 Solvents.

The global Aromatic Solvents market size is projected to grow from US$ 4886.7 million in 2022 to US$ 5682.3 million in 2029; it is expected to grow at a CAGR of 5682.3 from 2023 to 2029.

United States market for Aromatic Solvents is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Aromatic Solvents is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Aromatic Solvents is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Aromatic Solvents players cover China Petroleum & Chemical Corportaion, Exxonmobil, Total, BASF, Shell, Chevron Phillips Chemical, Formosa Chemicals & Fibre Corporation, Lyondellbasell Industries Holdings and China National Petroleum Corporation (CNPC), etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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

Market Segmentation:

Segmentation by type
Toluene
Xylene
Ethylbenzene

Segmentation by application
Paints & Coatings
Printing Inks
Adhesives
Metal Cleaning
Others

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.
China Petroleum & Chemical Corportaion
Exxonmobil
Total
BASF
Shell
Chevron Phillips Chemical
Formosa Chemicals & Fibre Corporation
Lyondellbasell Industries Holdings
China National Petroleum Corporation (CNPC)
Reliance Industries
Chinese Petroleum Corporation (CPC)
Bharat Petroleum Corporation
Gotham Industries
Haltermann Carless
Indian Oil Corporation
Pon Pure Chemicals Group
Recochem
W.M. Barr & Company

Key Questions Addressed in this Report

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

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

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

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

How does Aromatic Solvents 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.