Aromatic Solvents Market to hit US$ 6.2 billion by 2031 | Top Companies 2025 - Royal Dutch Shell Plc, SK Chemical Co., Ltd, Exxon Mobil Corporation

"The global aromatic solvents market reached USD 5.1 billion in 2022 and is expected to reach USD 6.2 billion by 2031, exhibiting a CAGR of 2.4% during the forecast period (2024-2031)." As per DataM intelligence research report

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United States: Recent Industry Developments

✅ In July 2025, TotalEnergies announced a $0.05 per pound price increase on all aromatic solvents (Atosol) products, effective July 1, 2025. This adjustment reflects ongoing market dynamics and production costs in the solvent sector.

✅ In June 2025, ExxonMobil expanded its high-purity toluene production capabilities in Texas to meet the growing demand from the paints and coatings industry. This expansion aligns with new EPA regulations promoting low-VOC blends, driving innovation and sustainability in solvent formulations.

Japan: Recent Industry Developments

✅ In May 2025, Mitsubishi Chemical Corporation launched a new line of de-aromatic solvents aimed at reducing environmental impact while maintaining performance in industrial applications. This initiative supports the company's commitment to sustainability and regulatory compliance

Aromatic Solvents Market: Drivers

The aromatic solvents market is growing steadily, driven by their widespread use in paints, coatings, adhesives, and printing inks. Their excellent solvency power, quick drying properties, and ability to dissolve a wide range of resins make them indispensable in industrial applications. Expanding construction and automotive industries are fueling demand for coatings and adhesives, directly boosting consumption of aromatic solvents. Rising industrialization in emerging economies is further creating strong growth opportunities. With their versatility and performance benefits, aromatic solvents remain vital to several end-use sectors.

Technological advancements in solvent formulation and increased focus on high-performance coatings are supporting market expansion. The pharmaceutical and agrochemical industries also utilize aromatic solvents for manufacturing processes, widening their application scope. However, environmental and health concerns are encouraging innovation in low-VOC and bio-based solvent alternatives. Growing regulatory pressures are driving manufacturers toward sustainable solutions while maintaining efficiency. With expanding applications and ongoing product development, the aromatic solvents market is set for steady long-term growth.

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Segment Covered in the Aromatic Solvents Market:

➥ By Type: Toluene Solvents, Xylene Solvents, Ethylbenzene Solvents
➥ By Application: Paints & Coatings, Printing Inks, Adhesives, Transportation, Cleaning & Degreasing

Aromatic Solvents Market: Major Players

Royal Dutch Shell Plc, SK Chemical Co., Ltd, Exxon Mobil Corporation, Celanese Corporation, Eastman Chemical Company, LyondellBasell, Chevron Phillips Chemical Company, BASF SE, Total S.A. and Pon Pure Chemicals.

Most Frequently Asked Questions in the Aromatic Solvents Market Research Industry:

➠ Who leads the Aromatic Solvents industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do Aromatic Solvents market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting Aromatic Solvents market growth?
➠ What are the dominant sales and distribution strategies in the Aromatic Solvents industry?

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Regional Analysis:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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