Aromatic Solvents Market - Introducing biobased solvents 2025
Global Aromatic Solvents Market: SnapshotAromatic solvents are organic chemicals that are mostly produced by distillation of crude petroleum stock and other chemical conversion processes in the petroleum refining industry. These solvents are also procured from light hydrocarbons such as butane, ethane, and propane. Besides this, catalytic reforming is a commonly used process for the manufacture of aromatic solvents in the oil and gas industry.
Request Sample Copy of the Report @
https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1643
Toluene, xylene, and toluene TDI are some of the classical variants of aromatic solvents whereas solvarex 9 and solvarex 10 are some variants of aromatic fractions. Commonly used aromatic solvents in paints and coatings are toluene, benzene, mixed xylenes, ethylbenzene, and high flash aromatic naphthas. Some other applications of aromatic solvents are printing inks, insecticides, pesticides, and agricultural chemicals. Aromatic solvents also find applications as corrosion inhibitors for protecting pipes internally during fractional distillation in the oil and gas industry. Additionally, aromatic compounds are used in the manufacture of a few chemical intermediates such as ethyl benzene, naphthalene, phthalic anhydride, and maleic anhydride.
Mild exposure to aromatic solvents through inhalation can lead to irritation in the eyes and upper respiratory tract, and may also result in fatigue, dizziness, and headaches. On the other hand, long-term effects may result in blood disorders, unconsciousness, cardiovascular and kidney effects, and dysfunction of the central nervous system. Benzene is considered as human carcinogen.
Despite the strong odor of aromatic solvents over aliphatic solvents, their higher solvency rate account for their preference across industries. Toluene, benzene, mixed xylenes, and ethylbenzene have high solvency rates that help form a better homogenous solution over other compounds.
Request TOC of the Report @
https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1643
Global Aromatic Solvents Market: Overview
An aromatic solvent is one that contains an aromatic hydrocarbon such as xylene, naptha, ethane, propane, or toluene. It is an organic chemical meant to dissolve solid materials to form a homogenous solution. It is produced mainly via distillation of crude petroleum stock in the oil refining industry and primarily finds application as thinners and diluents in coatings, paints, adhesives, and cleaners to speed up the drying process. An aromatic solvent is also used to thwart corrosion in the oil and gas industry. Further, these aromatic solvents are used in the production of other intermediate chemicals such as cumene, ethyl benzene, phthalic anhydride, naphthalene, and maleic anhydride.
Global Aromatic Solvents Market: Key Trends
At the forefront of driving growth in the aromatic solvents market is the booming paints and coatings industry. Aromatic solvents dissolve or disperse various components such as binders, additives, pigments, and extenders that find application in manufacture of paints and coatings. In addition, high solvency rates aid in forming an enhanced homogenous solution in comparison to other solvents.
Another factor driving growth in the market is the continued growth in the automotive industry which has pushed up demand for adhesives and sealants, manufactured from aromatic solvents. These solvents help maintain the right evaporation rate of adhesives, which in turn brings about perfect setting of adhesive polymer on the base surface. Countering the growth in the global aromatic solvents market is the strict environmental regulations imposed on VOC emissions and the preference for non-aromatic and biobased solvents.
Global Aromatic Solvents Market: Market Potential
Depending upon the types of products, toluene presents maximum opportunity to the manufacturers because of its spike in applications in adhesives, paints and coatings, inks, pharmaceuticals, and other chemical formulations. Xylene is another product that spells profits for savvy companies as those solvents are used in the synthesis of active pharmaceutical ingredients and to clean pharmaceutical equipment. They are mostly used in the rubber, artificial leather, glue, and rotogravure printing industry.
Read Comprehensive Overview of Report @
https://www.tmrresearch.com/aromatic-solvents-market.html
Some of the important end-user industry for aromatic solvents are automotive, pharmaceuticals, paints and coatings, and oilfield chemicals. Crude oil and natural gas, for example, carry a lot of impurities and corrosive products such as carbon dioxide, hydrogen sulfide, and free water that deteriorates the inner walls of wells and pipelines. Continued oil and gas extraction can result in the internal surface of pipelines to corrode. Aromatic solvents can thwart it while performing fractional distillation in the oil and gas industry.
Global Aromatic Solvents Market: Regional Outlook
Geographically, the key segments of the global aromatic solvents market are Asia Pacific, Europe, North America, and the Rest of the World. Among them, Asia Pacific dominates the market in terms of volume on account of the high growth in the chemical industry. Latin America too is expected to witness some degree of growth in the aromatic solvents powered by the demand from Venezuela, Brazil, and Argentina.
The markets in North America and Europe are slated to see lackluster growth in the years to come owing to stringent environmental regulations. Middle East and Africa (MEA) is another region that will see slow growth due to the economic transition in the region at present.
Global Aromatic Solvents Market: Competitive Analysis
The global market for aromatic solvents is fragmented in nature. To assess the competition in the market, the report profiles important market participants such as Exxon Mobil Corporation, Royal Dutch Shell plc, LyondellBasell Industries N.V., Chevron Phillips Chemical Company, BASF SE, Celanese Corporation, and Eastman Chemical Company.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aromatic Solvents Market - Introducing biobased solvents 2025 here
News-ID: 1106648 • Views: …
More Releases from TMR Research
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction
A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are…
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot
The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030.
The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute…
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot
The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030.
The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to…
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot
Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation…
More Releases for Aromatic
Aromatic Hydrocarbon Market 2022 | Detailed Report
The study provides an in-depth analysis of the major market players in the Aromatic Hydrocarbon market. It provides a detailed analysis of each segment and driving factors coupled with growth rate analysis. Furthermore, the report also provides regional analysis that offers insights on the market potential across each region to enable market players to leverage market opportunities. The Aromatic Hydrocarbon research report provides region-wise and country-wise market scope to understand…
Aromatic Solvents Market In-depth Analysis Report
Aromatic Solvents Market In-depth Analysis Report
The Aromatic Solvents market research in this report provided by Global Market Monitor includes historical and forecast market data, consumer demand, application segmentation details, and price trends. This report also provides a detailed overview and data analysis of major Aromatic Solvents companies during the forecast period.
Asia Pacific is projected to rise at a spectacular CAGR during the forecast period. The dominance of the regional…
AROMATIC SOLVENTS MARKET to Remain Lucrative During 2023
“Eliminating old aviation authority hardware is along these lines a progressive procedure wherein recently introduced frameworks are worked in parallel with the previous. High wellbeing necessities in flying machine and innovative headways in parts are relied upon to enlarge aviation authority gear showcase request.
High obtainment and support cost of aviation authority gear are relied upon to hamper airport regulation hardware industry development. Absence of aptitude and proficient tasks at pinnacle…
Global De-aromatic Solvents Market: Key Players
In a new report titled “De-aromatic Solvents Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025,” Persistence Market Research presents detailed forecasts of the global de-aromatic solvents market over an eight year assessment period from 2017 to 2025 and throws light on the various factors likely to impact market value and volume growth during this study period. According to Persistence Market Research analysis, the global de-aromatic solvents market is forecasted to…
Aromatic Solvents Market Fragmented by 2025
Global Aromatic Solvents Market: Snapshot
Aromatic solvents are organic chemicals that are mostly produced by distillation of crude petroleum stock and other chemical conversion processes in the petroleum refining industry. These solvents are also procured from light hydrocarbons such as butane, ethane, and propane. Besides this, catalytic reforming is a commonly used process for the manufacture of aromatic solvents in the oil and gas industry.
Toluene, xylene, and toluene TDI are some…
Aromatic Solvents Market to hitt $7.84bn by 2024
Aromatic Solvents Market size is likely to reach USD 7.84 billion by 2024; according to a new research report by Global Market Insights, Inc. Global aromatic solvents market is primarily driven by high product demand in paints, coatings and ink industry. Aromatic solvents such as benzene, ethylbenzene, mixed xylenes and toluene have excellent evaporation and solvency. It also forms a homogenous solution over other solvents. Paints & coatings accounted more…