Aromatic Solvents Market to touch USD 29.12 Billion by 2026, at a CAGR of 18.6% | Global Key Vendors - BASF SE, Exxonmobil, Total SA, Reliance Industries Limited (RIL), China Sinopec, Royal Dutch Shell, China National Petroleum Corporation (CNPC)

Marketprognosis.com Publish a New Market Research Report On “Global Aromatic Solvents Market 2019 - 2026” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Aromatic Solvents Market:

The Global Aromatic Solvents Market is accounted for $6.24 Billion in 2017 and is expected to reach $29.12 Billion by 2026 growing at a CAGR of 18.6% during the forecast period.

Some of the key factors propelling the market growth are increasing demand for automobiles and increasing construction activities. However, stringent environmental regulations due to volatile organic compound (VOC) emissions from aromatic solvents are hampering the market growth.

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Solvent is a substance which is dissolved in any other solute which can be solid, gas or liquid. Solvent is usually a liquid but can also be a solid or gas. Solvents are generally used to dissolve, carry or suspend particles for forming solution. Aromatic solvents are organic chemicals which are made from fractional distillation of petroleum. In addition, they are also produced through other methods such as steam cracking, catalytic refining and coal carbonization among others. Among these, catalytic refining and steam cracking methods are preferably used on a large scale in the oil & gas industry.

Depending on the application, pharmaceutical segment is estimated to be the significant growing segment because the aromatic solvents are used in the synthesis of various active pharmaceutical ingredients and in the cleaning of pharmaceutical equipment. Moreover, these solvents are also used in various drug formulation processes

On the basis of geography, Asia Pacific provides potential growth opportunities owing to the increased manufacturing base of aromatic solvents in the economies such as China, India, and South Korea. In addition, rapid industrialization and urbanization accompanied by the rising demand for automobiles.

A complete analysis of the competitive landscape of the Global Aromatic Solvents Market is provided in the report. This section includes company profiles of market key players. The profiles include contact information, gross, capacity, product details of each firm, price, and cost. This report investigates new project feasibility with a purpose of enlightening new entrants about the possibilities in this market. In this report, thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the Aromatic Solvents Market players.

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Major Key Players:

1 BASF SE

2 Exxonmobil Corporation

3 Total S.A.

4 Reliance Industries Limited (RIL)

5 China Sinopec

6 Royal Dutch Shell PLC

7 SK Global Chemical Co., Ltd.

8 Lyondellbasell Industries Holdings B.V.

9 China National Petroleum Corporation (CNPC)

10 Chinese Petroleum Corporation (CPC) and More……………..

Market Segment by Types:

1 Xylene

2 Benzene

3 Ethylbenzene

4 Toluene

5 Heavy Aromatic Residue

Market Segment by Applications:

1 Printing Inks

2 Paints & Coatings

3 Adhesives

4 Automotive

5 Pharmaceuticals

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This study answers to the below key questions:

1 What are the key market trends?

2 What will the market size be in 2026 and what will the growth rate be?

3 What are the strengths and weaknesses of the key vendors?

4 Who are the key vendors in this market space?

5 What is driving this market?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the challenges to market growth?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Aromatic Solvents Market.

Table of Contents:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Aromatic Solvents Market, By Type

6 Global Aromatic Solvents Market, By Application

7 Global Aromatic Solvents Market, By Geography

8 Key Developments

9 Company Profiling

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