Aromatics Market Size, Share, Trends, Growth, Outlook, and Insights Report, 2023- Industry Forecasts by Type, Application, Segments, Countries, and Companies, 2018- 2030

Aromatics Market Size, Share, Trends, Growth, Outlook, and Insights Report, 2023- Industry Forecasts by Type, Application, Segments, Countries, and Companies, 2018- 2030


The Aromatics market is a large and high-potential growth industry. In 2023, the market is poised to register positive year-on-year growth over 2022. Further, the Aromatics market size maintains a super-linear growth trajectory, registering continuous expansion from 2023 to 2030.

As we enter the late half of 2023, the Aromatics industry is poised for significant growth and transformation. The “Aromatics Market Size, Share, Trends, Growth, Outlook, and Insights Report, 2023- Data Forecasts by Type, Application, Segments, Countries, and Companies, 2018- 2030” report details the definition and advantages of Aromatics .

Overview of the Aromatics Industry in 2023


The accelerating development of the industry is driven by a widening application base, R&D investment in new product development, competitive strategies focusing on expanding into niche segments, and potential growth prospects for Aromatics Companies in developing countries.

The Aromatics Insights Report provides key market size and share outlook, short-term and long-term trends, potential opportunities, analytical models, current market conditions, scenario analysis, post-COVID analysis, competitive landscape, company profiles, and market news and developments.

Aromatics Market Size, Share, and Trend Analysis


The global Aromatics market plays a major role in the global chemicals and materials industry. The report provides a comprehensive and in-depth analysis of different segments across the industry.

Further, potential types, applications, products, and other Aromatics segments are analyzed in the market study.
  • Aromatics Market Statistics- Current status of the Aromatics industry and the key statistics for 2023 are provided in detail.
  • Strategic Analysis of Aromatics Industry- Competitive analysis, vendor landscape, SWOT profiles, and product profiles are included.
  • Market Trends and Insights- The Aromatics Insights report provides a detailed examination of key market trends, drivers, and their impact on demand. Further, the increasing importance of Aromatics across industries is discussed.
  • Market Developments- Mergers, acquisitions, product launches, capacity expansion plans, and other developments announced by leading Aromatics companies are included in the study.
  • Aromatics Market Opportunities- Potential growth opportunities and quantitative comparison of different segments to provide an assessment of diverse opportunities in the industry.
  • Regional analysis- Further, a geographical analysis of the Aromatics industry, highlighting key markets and their growth prospects is included. The market size across six regions including North America, Asia Pacific, Europe, South America, the Middle East, and Africa is forecast to 2030.
Analytical Frameworks

The Aromatics insights report uses multiple analytical frameworks for analyzing the global Aromatics industry. The tools include- Industry SWOT, Porter’s Five Forces Analysis, PESTLE analysis, scenario analysis, and others.

Industry SWOT- The report identifies the key strengths, weaknesses, opportunities, and threats facing the global markets in 2023 and beyond.

Scenario analysis- 4 scenarios for the long-term future based on the global economy are analyzed.

Porter’s Five Forces Analysis- The report quantifies Porter’s five forces analysis to assess the market attractiveness using the weighted average of the Bargaining power of buyers, Bargaining power of suppliers, Threat of substitutes, Threat of new entrants, and intensity of competitive rivalry.

PESTLE Analysis- Six segments of the general environment surrounding the Aromatics industry including political, economic, social, technological, environmental, and legal factors are briefed.

Future Aromatics Growth Outlook and Opportunities

The chapter provides a detailed analysis of market size, growth rate, revenue trends, and volume analysis over the historical period from 2018 up to 2022. Projection of the future growth prospects and opportunities in the Aromatics industry along with insights into each of the potential market segments is included in the study. Further, the evaluation of factors driving market growth across markets is provided. In addition, the latest technological advancements and an analysis of the impact of these advancements on the performance, reliability, and efficiency of products are included.

Market Dynamics- Impact Analysis and Post-COVID Outlook of Aromatics Industry

Optimistic economic conditions are observed in H2-2023 across multiple scenarios. The current edition of the Aromatics Market Study identifies brighter views for 2023 and an increasingly optimistic global outlook over the forecast period.

However, the market is also constrained by challenges of geopolitical instability and conflicts with the Russia-Ukraine war and inflation conditions in the US and other markets, and rising interest rates continue to restrain the market growth prospects.

The four case scenarios considered for countries in the study are -
  • Sluggish economic growth, with emphasis on savings and low expenditure
  • Despite growth fluctuations, consumer confidence remains robust and gains continue for companies
  • Investments in technology deployment and productive investments
  • Stronger consumer demand and higher investments supporting solid growth
Aromatics Market Trends- Emerging markets present strong growth prospects

According to the World Bank, over 85% of the world’s population lives in the Asia Pacific, the Middle East and Africa (MEA), or South America. An increasing volume of companies are expanding their production and marketing bases to these countries as the consumption power of individuals continues to strengthen.

Several new market entrants are targeting niche economically attractive Aromatics segments when expanding into these markets. We anticipate the Aromatics sales growth in developing countries to continue to accelerate rapidly over the forecast period.

North America Aromatics Industry: Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The past few quarters have been encouraging for North American Aromatics market suppliers. A large number of Aromatics companies are reporting profitability after several quarters of margin declines. Focus on increasing operational efficiency, capturing niche market opportunities, and others are widely observed. The North American Aromatics industry research identifies the key market trends, driving forces, and growth opportunities across 3 countries including the United States, Canada, and Mexico markets.

Europe Aromatics Industry: Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Leading European Aromatics companies are focusing on customer orientation, sustainable supply chains, and economic value creation to succeed in long-term market conditions. As Asian manufacturers enter the European markets, the region’s chemicals and materials sector is undergoing a paradigm shift. The European Aromatics industry is also facing the significant impact of the Russia-Ukraine war. The insights report analyzes the Western European Aromatics countries including Germany, France, Spain, the United Kingdom, Italy, and other European countries including Russia, Turkey, and others.

Asia Pacific Aromatics Industry: Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Economic growth and shifting consumer preferences are set to shape the future of the Asia Pacific Aromatics industry. Leading companies in China, India, Japan, South Korea, Australia, Indonesia, South East Asia, and other regions are focusing on rapid business expansion through new product launches. The Aromatics insights report provides the market size outlook across these countries from 2018 to 2030.

South America Aromatics Industry: Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


South American countries including Brazil, Argentina, Chile, and others continue to demonstrate robust value-creation potential through 2030. Both traditional players and new start-ups are spending more on expanding products to niche consumer segments. Increasing urbanization, infrastructure development, and improving disposable incomes are likely to drive the market outlook over the forecast period.

Middle East and Africa Aromatics Industry: Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The Middle East and African regions have a growing population, increasing urbanization, and improving standards of living, all of which contribute to the rising Aromatics demand. Further, Sustainability and environmental concerns are gaining prominence in the GCC region. In Africa, vehicle sales continued an upward trend and the rapid growth in infrastructure in the African region enables Aromatics companies to generate significant business growth in the medium to long-term future.

Competitive Insights

The landscape of the industry is shifting, moving away from traditional competition between peers and embracing new forms of competitive interactions. There is an increasing trend among companies from building products to building businesses. Companies are investing in developing new growth opportunities with market leaders increasingly focused on building and scaling up new businesses.

The Aromatics insights report provides a competitive analysis of the industry in 2023


. The business profiles of the leading 10 companies are profiled in the study along with their SWOT profile, financials, products and services, and market developments. In addition, an evaluation of the competitive landscape, including major players, market share, and strategies adopted by key manufacturers is provided in the research study. The report also identifies the most prominent challenges and potential growth barriers faced by leading companies.
Report scope
  • Data for 13 years: Historic data from 2018 to 2022 and industry forecasts from 2023 to 2030
  • 3 Parameters- Value, Volume, and Pricing Data
  • 6 Regions- Asia Pacific, Europe, North America, South America, Middle East, Africa
  • 27 Countries: United States, Canada, Mexico, Germany, France, Spain, United Kingdom, Italy, Russia, Turkey, Rest of Europe, China, India, Japan, South Korea, Australia, Indonesia, South East Asia, Saudi Arabia, United Arab Emirates, Rest of Middle East, South Africa, Egypt, Rest of Africa, Brazil, Argentina, Other South America
  • 10 Companies- Leading companies with detailed profiles
  • 5 Models- Scenario analysis, Porter’s five forces, Industry SWOT, Pricing analysis, PESTLE
  • 8 Market Dynamics- Trends, Drivers, Growth Restraints, Opportunities
Unique Additions to the current edition-
  • Impact of market developments including the Russia- Ukraine War, inflation across countries, supply-chain conditions, labor-market pressures, recession, trade, and other global factors
  • Pricing Analysis across types, applications, and countries for 2023 and industry Forecasts to 2030
  • chemicals and materials industry trends and market forecasts
  • Driving forces supporting the Aromatics sales in each of the 24 countries
  • Complimentary Excel spreadsheet and print authentication for a single-user license
Key Questions answered in this report-

1. What are the key regions in the global Aromatics industry?

2. Who are the major companies or key players operating in the global Aromatics industry?

3. What has been the impact of COVID-19 on the global Aromatics industry?

4. What is the projected compound annual growth rate (CAGR) of the global Aromatics market size for the period 2023-2028

5. What are the key factors driving the growth of the global Aromatics industry?

6. How is the global Aromatics industry segmented based on product types?

7. What are the emerging trends and opportunities in the global Aromatics industry?

8. What are the challenges and obstacles faced by the global Aromatics market?

9. What are the competitive landscape and strategies of global Aromatics companies?

10. What are the innovations and advancements in product development within the global Aromatics industry?

11. What are the strategies adopted by key players in the global Aromatics market to maintain a competitive edge?

12. How is the global Aromatics industry expected to evolve in terms of demand and market dynamics in the coming years?


1 Foreword
2 Executive Summary
2.1 Key Findings, 2023
2.2 Market Overview
2.3 Market Highlights
3 Report Guide
3.1 Study Scope and Objectives
3.2 Market Segmentation
3.3 Methodology and Sources
3.4 Primary and Secondary Data Sources
3.5 Market Estimation- Data Triangulation
3.6 Forecast Methodology
3.7 Key Assumptions
4 Introduction
4.1 Market Definition and Evolution
4.2 Historical Market Size and Trends, 2018- 2022
4.3 Forecast Market Size, 2023- 2030
4.4 Industry Value Chain Analysis
4.5 Porter's Five Forces Analysis
5 Market Assessment
5.1 Post-COVID-19 Growth Prospects for the Aromatics Industry
5.2 Likely Case – Industry Forecasts
5.3 Optimistic Case- Industry Forecasts
5.4 Pessimistic Case- Industry Forecasts
5.5 Market Dynamics-
5.6 Drivers
5.7 Trends
5.8 Opportunities
5.9 Challenges
6 Aromatics Market Size Forecasts- Types, Products, and Applications
6.1 Global Aromatics Growth Outlook by Type, $ Million, 2018- 2022, 2023- 2030
6.2 Global Aromatics Growth Outlook by Product, $ Million, 2018- 2022, 2023- 2030
6.3 Global Aromatics Growth Outlook by Application, $ Million, 2018- 2022, 2023- 2030
7 North America Aromatics Market Size Forecasts- Types, Products, and Applications
7.1 North America Aromatics Industry Current Market Conditions, 2023
7.2 North America Aromatics Market Trends and Opportunities
7.3 North America Aromatics Growth Outlook by Type
7.4 North America Aromatics Growth Outlook by Product
7.5 North America Aromatics Growth Outlook by Application
7.6 North America Aromatics Market Size Outlook by Country
7.7 United States Aromatics Market Size Outlook, $ Million, 2018 to 2030
7.8 Canada Aromatics Market Size Outlook, $ Million, 2018 to 2030
7.9 Mexico Aromatics Market Size Outlook, $ Million, 2018 to 2030
8 Europe Aromatics Market Size Forecasts- Types, Products, and Applications
8.1 Europe Aromatics Industry Current Market Conditions, 2023
8.2 Europe Aromatics Market Trends and Opportunities
8.3 Europe Aromatics Growth Outlook by Type
8.4 Europe Aromatics Growth Outlook by Product
8.5 Europe Aromatics Growth Outlook by Application
8.6 Europe Aromatics Market Size Outlook by Country
8.7 Germany Aromatics Market Size Outlook, $ Million, 2018 to 2030
8.8 France Aromatics Market Size Outlook, $ Million, 2018 to 2030
8.9 United Kingdom Aromatics Market Size Outlook, $ Million, 2018 to 2030
8.10. Italy Aromatics Market Size Outlook, $ Million, 2018 to 2030
8.11 Spain Aromatics Market Size Outlook, $ Million, 2018 to 2030
8.12 Rest of Europe Aromatics Market Size Outlook, $ Million, 2018 to 2030
9 Asia Pacific Aromatics Market Size Forecasts- Types, Products, and Applications
9.1 Asia Pacific Aromatics Industry Current Market Conditions, 2023
9.2 Asia Pacific Aromatics Market Trends and Opportunities
9.3 Asia Pacific Aromatics Growth Outlook by Type
9.4 Asia Pacific Aromatics Growth Outlook by Product
9.5 Asia Pacific Aromatics Growth Outlook by Application
9.6 Asia Pacific Aromatics Growth Outlook by Country
9.7 China Aromatics Market Size Outlook, $ Million, 2018 to 2030
9.8 Japan Aromatics Market Size Outlook, $ Million, 2018 to 2030
9.9 India Aromatics Market Size Outlook, $ Million, 2018 to 2030
9.10. Australia Aromatics Market Size Outlook, $ Million, 2018 to 2030
9.11 South Korea Aromatics Market Size Outlook, $ Million, 2018 to 2030
9.12 South East Asia Aromatics Market Size Outlook, $ Million, 2018 to 2030
9.13 Rest of Asia Pacific Aromatics Market Size Outlook, $ Million, 2018 to 2030
10 South America Aromatics Market Size Forecasts- Types, Products, and Applications
10.1 South America Aromatics Industry Current Market Conditions, 2023
10.2 South America Aromatics Market Trends and Opportunities
10.3 South America Aromatics Growth Outlook by Type
10.4 South America Aromatics Growth Outlook by Product
10.5 South America Aromatics Growth Outlook by Application
10.6 South America Aromatics Growth Outlook by Country
10.7 Brazil Aromatics Market Size Outlook, $ Million, 2018 to 2030
10.8 Argentina Aromatics Market Size Outlook, $ Million, 2018 to 2030
10.9 Rest of South America Aromatics Market Size Outlook, $ Million, 2018 to 2030
11 Middle East and Africa Aromatics Market Size Forecasts- Types, Products, and Applications
11.1 Middle East and Africa Aromatics Industry Current Market Conditions, 2023
11.2 Middle East and Africa Aromatics Market Trends and Opportunities
11.3 Middle East and Africa Aromatics Growth Outlook by Type
11.4 Middle East and Africa Aromatics Growth Outlook by Product
11.5 Middle East and Africa Aromatics Growth Outlook by Application
11.6 Middle East and Africa Aromatics Growth Outlook by Country
11.7 Saudi Arabia Aromatics Market Size Outlook, $ Million, 2018 to 2030
11.8 United Arab Emirates Aromatics Market Size Outlook, $ Million, 2018 to 2030
11.9 South Africa Aromatics Market Size Outlook, $ Million, 2018 to 2030
11.10. Rest of Middle East Aromatics Market Size Outlook, $ Million, 2018 to 2030
11.11 Rest of Africa Aromatics Market Size Outlook, $ Million, 2018 to 2030
12 Competitive Landscape
12.1 Competitive Scenario
12.2 Key Players
12.3 Company Profiles of Leading 10 Companies
12.4 Company Snapshot
12.5 Business Description of Leading Aromatics Companies
12.6 Aromatics Companies- Products and Services
12.7 Aromatics Companies- SWOT Analysis
12.8 Financial Profile
13 Appendix
13.1 List of Charts and Tables
13.2 Sources and Methodology
13.3 Conclusion and Future Remarks
Tables and Charts
Table 1:Global Aromatics Statistics, 2023
Exhibit 2:Research Methodology
Exhibit 3:Forecast Methodology
Table 4:Global Aromatics Market Size Forecast, 2021- 2030
Exhibit 5:Global Aromatics Outlook, year-on-year, %, 2021- 2030
Table 6:Global Aromatics Outlook by Type, $ Million, 2021- 2030
Table 7:Global Aromatics Outlook by Product, $ Million, 2021- 2030
Table 8:Global Aromatics Outlook by Application, $ Million, 2021- 2030
Exhibit 9:Porter’s Framework
Exhibit 10:SWOT Profile
Exhibit 11:Growth Outlook Scenario Analysis
Table 12:North America Aromatics Outlook by Type, 2021-2030
Table 13:North America Aromatics Outlook by Application, 2021-2030
Table 14:North America Aromatics Outlook by Product, 2021-2030
Table 15:North America Aromatics Outlook by Country, 2021-2030
Table 16:Europe Aromatics Outlook by Type, 2021-2030
Table 17:Europe Aromatics Outlook by Application, 2021-2030
Table 18:Europe Aromatics Outlook by Product, 2021-2030
Table 19:Europe Aromatics Outlook by Country, 2021-2030
Table 20:Asia Pacific Aromatics Outlook by Type, 2021-2030
Table 21:Asia Pacific Aromatics Outlook by Application, 2021-2030
Table 22:Asia Pacific Aromatics Outlook by Product, 2021-2030
Table 23:Asia Pacific Aromatics Outlook by Country, 2021-2030
Table 24:North America Aromatics Outlook by Type, 2021-2030
Table 25:South America Aromatics Outlook by Application, 2021-2030
Table 26:South America Aromatics Outlook by Product, 2021-2030
Table 27:South America Aromatics Outlook by Country, 2021-2030
Table 28:Middle East and Africa Aromatics Outlook by Type, 2021-2030
Table 29:Middle East and Africa Aromatics Outlook by Application, 2021-2030
Table 30:Middle East and Africa Aromatics Outlook by Product, 2021-2030
Table 31:Middle East and Africa Aromatics Outlook by Country, 2021-2030
Table 32:United States Aromatics Outlook, $ Million, 2021- 2030
Exhibit 33:United States Aromatics Outlook, year-on-year, %, 2021- 2030
Table 34:Canada Aromatics Outlook, $ Million, 2021- 2030
Exhibit 35:Canada Aromatics Outlook, year-on-year, %, 2021- 2030
Table 36:Mexico Aromatics Outlook, $ Million, 2021- 2030
Exhibit 37:Mexico Aromatics Outlook, year-on-year, %, 2021- 2030
Table 38:Germany Aromatics Outlook, $ Million, 2021- 2030
Exhibit 39:Germany Aromatics Outlook, year-on-year, %, 2021- 2030
Table 40:France Aromatics Outlook, $ Million, 2021- 2030
Exhibit 41:France Aromatics Outlook, year-on-year, %, 2021- 2030
Table 42:United Kingdom Aromatics Outlook, $ Million, 2021- 2030
Exhibit 43:United Kingdom Aromatics Outlook, year-on-year, %, 2021- 2030
Table 44:Spain Aromatics Outlook, $ Million, 2021- 2030
Exhibit 45:Spain Aromatics Outlook, year-on-year, %, 2021- 2030
Table 46:Italy Aromatics Outlook, $ Million, 2021- 2030
Exhibit 47:Italy Aromatics Outlook, year-on-year, %, 2021- 2030
Table 48:China Aromatics Outlook, $ Million, 2021- 2030
Exhibit 49:China Aromatics Outlook, year-on-year, %, 2021- 2030
Table 50:India Aromatics Outlook, $ Million, 2021- 2030
Exhibit 51:India Aromatics Outlook, year-on-year, %, 2021- 2030
Table 52:Japan Aromatics Outlook, $ Million, 2021- 2030
Exhibit 53:Japan Aromatics Outlook, year-on-year, %, 2021- 2030
Table 54:South Korea Aromatics Outlook, $ Million, 2021- 2030
Exhibit 55:South Korea Aromatics Outlook, year-on-year, %, 2021- 2030
Table 56:South East Asia Aromatics Outlook, $ Million, 2021- 2030
Exhibit 57:South East Asia Aromatics Outlook, year-on-year, %, 2021- 2030
Table 58:Australia Aromatics Outlook, $ Million, 2021- 2030
Exhibit 59:Australia Aromatics Outlook, year-on-year, %, 2021- 2030
Table 60:Brazil Aromatics Outlook, $ Million, 2021- 2030
Exhibit 61:Brazil Aromatics Outlook, year-on-year, %, 2021- 2030
Table 62:Argentina Aromatics Outlook, $ Million, 2021- 2030
Exhibit 63:Argentina Aromatics Outlook, year-on-year, %, 2021- 2030
Table 64:Saudi Arabia Aromatics Outlook, $ Million, 2021- 2030
Exhibit 65:Saudi Arabia Aromatics Outlook, year-on-year, %, 2021- 2030
Table 66:United Arab Emirates Aromatics Outlook, $ Million, 2021- 2030
Exhibit 67:United Arab Emirates Aromatics Outlook, year-on-year, %, 2021- 2030
Table 68:South Africa Aromatics Outlook, $ Million, 2021- 2030
Exhibit 69:South Africa Aromatics Outlook, year-on-year, %, 2021- 2030
Table 70:Market Entropy

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