openPR Logo
Press release

Global Aromatic Solvents Market to grow at 3% CAGR till 2024 | Global Players Are ExxonMobil, Shell, BASF, Eastman Chemical Company, LyondellBasell, INEOS, Chevron Phillips Chemical Company, Celanese, Huntsman Corporation

Aromatic Solvents Market

Aromatic Solvents Market

Aromatic Solvents Market forecast to experience gains exceeding 3% CAGR and to cross 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 than 50% of the 2015 global aromatic solvents market share, where these are largely used as diluents and thinners.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/761

As these solvents have high evaporation rate, products containing these solvents exhibit lower drying and curing times. Hence, these solvents are popularly used in lacquer paints which need stronger solvents to speed the drying process.

Robust automotive indicators present significant growth opportunities to adhesive & sealants, which are a prominent aromatic solvents market application. Automotive adhesives & sealants are mainly used for bonding, sealing, and gasketing the vehicle parts together while providing the structural strength. In 2015, global adhesives demand in automotive was more than 375 kilo tons, set to grow in the near future with increased automobiles sales, thus driving aromatic solvents market size.

Volatile organic compound (VOC) content is one of the most commonly used terms in the solvent industry and poses a threat to many products due to rising health concerns. This organic chemical has high vapor pressure at room temperature and easily evaporates into the air. As a result, it causes indoor and outdoor pollution of the environment. BTX is classified as an artificial VOC source, which have harmful health disorder and are strictly directed by stringent government regulations. This may negatively impact on aromatic solvent market share by 2024. However, enduring trend towards environmental friendly chemicals, for example light aromatic fluids will boost aromatic solvents market size by 2024.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. ExxonMobil
2. Shell
3. BASF
4. Eastman Chemical Company
5. UOP LIMITED
6. LyondellBasell
7. Chevron Phillips Chemical Company
8. Celanese
9. Huntsman Corporation
10. BAZAN Group Oil Refineries Ltd
11. Petrochem
12. INEOS

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/761

Key insights from the report include:

• In 2015, oilfield chemical applications were valued at over USD 400 million. Aromatic solvents are widely used as corrosion and rust inhibitors in the pipe internal protection and also performs fractional distillation in the oil & gas industry. Continuous oil & gas extraction will drive industry growth for oilfield chemicals.

• Pharmaceutical applications are forecast to grow at over 2% by 2024. These solvents are usually employed during the drug formulation process and the synthesis of active excipients and substances. However, the aromatic solvents use in pharmaceuticals is limited due to toxicity, poor odor and taste.

• Xylene aromatic solvents market generated revenue over USD 2 billion in 2015. It is a colorless and sweet-smelling liquid, which finds widespread application in leather, paint, rubber, printing industries.

• U.S aromatic solvents market share is projected to expand at over 3% CAGR by 2024.

• Asia Pacific, particularly led by China, India and Japan, aromatic solvents market size was dominant and was valued at over 2.5 billion in 2015. Robust growth in construction and automotive industry will boost regional growth.

• Aromatic solvents market is fragmented. UOP LLC, Exxon Mobil, Eastman Chemical, Shell, BASF SE and Lyondellbasell are some significant industry share contributors.

• Aromatic Solvents Product Analysis (Volume, Kilo Tons & Revenue, USD Million; 2013 - 2024)
o Benzene
o Toluene
o Xylene
o Others

• Aromatic Solvents Application Analysis (Volume, Kilo Tons & Revenue, USD Million; 2013 - 2024)
o Pharmaceuticals
o Oilfield Chemicals
o Automotive
o Paints & coatings
o Others

Browse key industry insights spread across 103 pages with 139 market data tables & 11 figures & charts from the report, “Aromatic Solvents Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/aromatic-solvents-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org/

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 Global Aromatic Solvents Market to grow at 3% CAGR till 2024 | Global Players Are ExxonMobil, Shell, BASF, Eastman Chemical Company, LyondellBasell, INEOS, Chevron Phillips Chemical Company, Celanese, Huntsman Corporation here

News-ID: 1505989 • Views: 179

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Aromatic

Aromatic Ketone Polymers Market Growth with Worldwide Industry Analysis
Aromatic ketone polymers belong to the family of aromatic hydrocarbons and are also known as Poly Aryl Ether Ketones; abbreviated as PAEKs. PAEKs are thermoplastics that are crystalline in nature and are characterized by good mechanical properties, thermal stability, chemical and solvent resistance, temperature and fire resistance and excellent electrical performance. PAEKsare a group of three aromatic polymers that include – Poly Ether Ether Ketone (PEEK), Poly Ether Ketone (PEK)
Crystalline Aromatic Polyester Market 2018 Research Report & Forecast By 2025
Crystalline Aromatic Polyester Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/12357 UpMarketResearch offers a latest published report on “Global Crystalline Aromatic Polyester Market Analysis and Forecast 2018- 2025” delivering key insights and providing a competitive
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 - Introducing biobased solvents 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. Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1643
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