Aromatic Solvents Market Analysis, Development, Growth and Demand Forecast to 2025
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.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1643
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.
Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1643
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.
Get a discount @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=1643
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 researh of the market, we try to bring about game-changing success for our clients.
Head - Internet Marketing
This release was published on openPR.
Permanent link to this press release:
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 Analysis, Development, Growth and Demand Forecast to 2025 here
News-ID: 633904 • Views: 91
More Releases from TMR Research
IoT in Manufacturing Market Present, History, Future and Forecast 2025 | IBM Cor …
Global IoT in Manufacturing Market: Snapshot The global IoT in manufacturing market is driven by an increasing need for centralized monitoring and predictive maintenance of manufacturing infrastructure. The growing demand for operational efficiency, agile production, operational control, and connected logistics will also support the growth of the IoT in manufacturing market. The global IoT in manufacturing market is highly fragmented with the presence of both large and small companies in high
Airport Retailing Market Global Industry Trends Analysis 2025 | World Duty Free …
Global Airport Retailing Market: Snapshot Airport retailing is basically the presence of many retail services of many products inside the airport for providing enhanced convenience to the people travelling. Airport retailing also delivers a broader variety of merchandizes and is a comparatively easy choice for travelers. As many retailers tend to think that airport retailing is just strategy diversification and market expansion. However, this kind of thinking is expected to lead
Incident Response Services Market Overview and Outlook 2017 to 2025 | Dell Secur …
Global Incident Response Services Market: Snapshot Incident response refers to the management and active efforts taken after an attack or a security breach has taken place. Incident response services primarily deal with an organized approach towards the incident and most service providers adhere to the core goal of managing the incident in a way that will reduce damage in terms of time and money. Incident response service providers usually incorporate plans
Telecom Cloud Billing Market Development, Application and Forecast 2025 | Ericss …
Global Telecom Cloud Billing Market: Snapshot The global telecom cloud billing market is projected to be a forward-looking breeding ground of lucrative prospects birthing from the advent of cloud computing as a mainstream IT strategy. Cloud computing is the new in telecom billing that catalyzes important modifications in traditional billing architectures. Anticipated to reshape conventional billing concepts, cloud computing enables the deliverance of highly scalable IT resources directly over the web
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