Aromatic Solvents Market to hitt $7.84bn by 2024
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.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/761
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.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/761
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.
Browse key industry insights spread across 103 pages with 139 market data tables & 11 figures & charts from the report, “Aromatic Solvents Market Size By Product (Benzene, Toluene, Xylene), By Application (Pharmaceuticals, Oilfield Chemicals, Automotive, Paint & Coatings), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Chapter 4. Aromatic Solvents Industry Product Insights
4.1. Global aromatic solvents market share by product, 2015 & 2024
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
Browse Full TOC @ https://www.gminsights.com/toc/detail/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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
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 to hitt $7.84bn by 2024 here
News-ID: 949367 • Views: 192
More Releases from Global Market Insights, Inc.
Nitrile Butadiene Rubber Latex Market 2020: Industry Growth, Competitive Analysi …
Nitrile butadiene rubber latex market size is poised to be driven by escalating demand for medical and industrial gloves. Rising health concerns has fueled the adoption of gloves as a personal protective equipment in various industries including food & beverage, healthcare, automotive and others to maintain the sanitary condition at workplace and ensure workers safety. Advantageous characteristics of NBR latex gloves like high tensile strength and excellent wear ability are the
Titanium Dioxide Market Outlook 2020-2026: Key Players are Tronox Holdings, Vena …
Rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry to suffice noteworthy growth to titanium dioxide market over 2026. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product
Ethoxylates Market (Covid19 Impact) Analysis 2020-2026 | Key Players like Dow, B …
The increasing application scope of the ethoxylates across a number of high-income industries is likely to fuel the global ethoxylates market share over the coming years. Ethoxylates are witnessing a mounting demand from the pharmaceutical, personal care, as well as the oil and gas industry, which is set to drive its growth graph in the forthcoming future. Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1826 Speaking of the product segment, the
Polyalkylene Glycol Market to gain impetus from automobile sector, Key Players a …
Polypropylene glycol (PPG) and polyethylene glycol have emerged as key products of polyalkylene glycol market. PPG had made major contributions towards the total revenue of polyalkylene glycol in the year 2016 and will showcase a positive impact on the market growth rate over the coming years. Polypropylene glycol is broadly used in the production of PU foams which are used in aviation and automobile applications. Get sample copy of this
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 hit $7.84bn by 2024
U.S Aromatic Solvents Market share is projected to expand at over 3% CAGR 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.