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Aromatic solvent is a clear colorless liquid, is an aromatic hydrocarbon, which makes them a suitable diluent and solvent in various end-use sectors.Aromatic solvents such as toluene generally find usage in varnishes, adhesives, paints, and as other chemical intermediates. Aromatic solvents offer high solvency rate and resist corrosion, which paves its usage in various end-use sectors such as paints & coatings, automobiles, textiles, adhesive & sealants, oil & gas, etc. Moreover, there ability to modify the viscosity as per the curing rate, improves the aesthetics and functionality of the outer layer painting in various paints & coatings applications. Enhanced chemical & physical properties of the specialty solvent and its extensive application in the paints & coatings segment is projected to swell the aromatic solvents market in the near-term. Furthermore, their usage as corrosion inhibitors in the oil and gas industry in addition to diluents and thinners in various end-use industries will further increase its demand in the coming years.
The growth in demand in end-use industries is a major driver of growth in the global aromatic solvent market. The growth in energy demand has expanded the performance of the oil and gas industry, which in turn has increased market growth due to its use as a corrosion inhibitor in the oil and gas industry. Due to the development of industrialization in developing countries, it is expected that the aromatic solvent market will be promoted in the future. It is expected to grow at a significant CAGR during the forecast period due to the increasing use of aromatic solvents in the paint and coatings industry.
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The Major Players Profiled in This Report Include:
Royal Dutch Shell plc (Netherlands)
BASF SE(Germany)
INEOS AG(Sweden)
LyondellBasell Industries NV(Netherlands)
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
Benzene
Toluene
Xylene
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
Pharmaceuticals
Oilfield Chemicals
Automobile
Paint & Coatings
Other
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Full Table of Content
Aromatics Solvent Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Aromatics Solvent Market by Types
Chapter 4 Segmentation of Aromatics Solvent Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Aromatics Solvent Market in Major Countries
Chapter 7 North America Aromatics Solvent Landscape Analysis
Chapter 8 Europe Aromatics Solvent Landscape Analysis
Chapter 9 Asia Pacific Aromatics Solvent Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Aromatics Solvent Landscape Analysis
Chapter 11 Major Players Profile
11.1 Royal Dutch Shell plc (Netherlands)
11.1.1 Royal Dutch Shell plc (Netherlands) Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 BASF SE(Germany)
11.2.1 BASF SE(Germany) Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 INEOS AG(Sweden)
11.3.1 INEOS AG(Sweden) Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
…
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Aromatics Solvent Report Provide:
Potential opportunities and challenges analysis in Aromatics Solvent market.
Current and future market outlook in the developed and emerging regional markets.
Detailed analysis of the segment that is expected to dominate the market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
Comprehensive & in-depth research and after-sales warranty by Global Market Monitor.
Analysis of Influences of COVID-19 to the present and future Aromatics Solvent market and related industry.
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