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Aromatic Solvents Market Comprehensive Analysis By 2018 - 2025: Shell, Total, Pampa Energia, SK innovation, LyondellBasell, ExxonMobil, BASF, Reliance Industries Limited, Chevron Phillips Chemical Company, China Petrochemical Corporation, CPC Corporation
Aromatic Solvents
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Aromatic solvents are those solvents that usually involve the inclusion of an aromatic hydrocarbon like toluene, xylene, or even naphtha. These solvents are used as diluents, and solvents, in various industries. They also have corrosion inhibiting capabilities which make it more beneficial. Few of the major market competitors currently working in the Aromatic Solvents Market are
· Royal Dutch Shell
· SK Innovation Co. Ltd.
· Exxon Mobil Corporation
· China Petrochemical Corporation
· BASF SE
· LyondellBasell Industries Holdings B.V.
· Reliance Industries Limited
· Total
· CPC Corporation
· Pampa Energía S.A.
· Bharat Petroleum Corporation Limited
· Chevron Phillips Chemical Company
· FCFA
· HCS Group
Others: Indian Oil Corporation Ltd, Pon Pure Chemicals, Recochem Corporation, THAI OIL, W.M. Barr & Co., ARHAM PETROCHEM PRIVATE LIMITED (APPL), Agrofert, Eastman Chemical Company, Galp, Ganga Rasayanie (P) Ltd., Hanwha Group, Jiangsu Hualun Chemical Co. Ltd., Korea Petrochemical Ind. Co., LTD., Monument Chemical, S-OIL CORPORATION, Marathon Petroleum Corporation, Celanese Corporation, Honeywell International Inc., Ashland, and Huntsman International LLC.
The Global Aromatic Solvents Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Aromatic Solvents market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Segmentation: Global Aromatic Solvents Market
· By Type
o Toluene Solvents
o Xylene Solvents
§ Para-Xylene
§ Mixed Xylene
o Ethylbenzene Solvents
· By Application
o Paints & Coatings
o Adhesives
o Printing Inks
o Cleaning & Degreasing
o Others
· By End-User
o Pharmaceuticals
o Oilfield Chemicals
o Automotive
o Others
· By Geography
o North America
1. US
2. Canada
3. Mexico
o South America
1. Brazil
2. Argentina
3. Rest of South America
o Europe
1. Germany
2. France
3. United Kingdom
4. Italy
5. Spain
6. Russia
7. Turkey
8. Belgium
9. Netherlands
10. Switzerland
11. Rest of Europe
o Asia-Pacific
1. Japan
2. China
3. South Korea
4. India
5. Australia
6. Singapore
7. Malaysia
8. Indonesia
9. Thailand
10. Philippines
11. Rest of Asia-Pacific
o Middle East and Africa
1. South Africa
2. Egypt
3. Saudi Arabia
4. United Arab Emirates
5. Israel
6. Rest of Middle East and Africa
Market Drivers:
· Increase in demand by the paints market is driving the growth higher, because these solvents are used to dissolve and bind a number of chemicals in the paint
· High solvency capabilities of these solvents is also one of the major factors for the market growth
Market Restraints:
· Due to the emissions of volatile organic compounds in the manufacturing of these solvents, the market is expected to be restrained
· The awareness regarding the harmful effects in usage of these aromatic solvents is growing and hence, the consumers are inclined on shifting to environmentally safe solvents. This factor is expected to restrain the market growth
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