According to Data Bridge Market Research the market for aromatic compound market is developing due to emergence in the utilization of toluene in the production of medicines and the mixing of petrol contributes to the most business potential in the aromatic compounds market, owing to accelerated industrialization and augmentation of petroleum & gasoline enterprises. Enhanced need for toluene as an octane supporter in propellant has commenced to the germination for aromatic compound market.
The major factors driving the growth of this market are the increased demand of aromatic compounds in gasoline, crude oil or petroleum industry, increased usage of benzene and toluene in pharmaceuticals and growth in detergent industry. On the other hand, imposition of regulations on aromatic compounds and alternatives of aromatic compounds may hinder the growth of the market.
Europe Aromatic Compounds Market is expected to reach 22,012.73 Thousand Tons by 2025 from 16,837.66 Thousand Tons in 2017, at a CAGR of 3.6% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Key Drivers: Europe Aromatic Compounds Market
Some of the major factors driving the market for Europe aromatic compounds are increased demand of aromatic compounds in gasoline, crude oil or petroleum industry, increased usage of benzene and toluene in pharmaceuticals and growth in detergent industry.
- Imposition of regulations on aromatic compounds and alternatives of aromatic compounds are the factor which may hinder the growth of this market.
- End number of applications will drive the market in future.
Market Segmentation: Europe Aromatic Compounds Market
- The Europe aromatic compounds market is segmented based on source into three notable segments; reformate, pyrolysis gasoline and coke oven light oil. The aromatic compounds market is dominated by reformate with 70.7% market share in 2017, growing at the highest CAGR of 3.7% in the forecast period.
- The Europe aromatic compounds market is segmented based on type into three notable segments; benzene, xylene and toluene. Benzene is further segmented into its derivative as ethylbenzene, cumene, cyclohexane, chlorobenzene and alkyl benzene. Xylene is further segmented into its derivative as p-xylene, m-xylene and o-xylene. Toluene is further segmented into its derivative as solvents, toluene di isocyanate and others.
- The Europe aromatic compounds market is segmented based on end use into three notable segments; benzene end use, xylene end use and toluene end use. Benzene end use is sub segmented into detergent and dyes, automobile, packaging, pharmaceuticals and cosmetics, medical devices electronic and household goods and others. Xylene end use is sub segmented into packaging, clothing, paint and coatings, tyres, PVC pipes and cables and others. Toluene end use is sub segmented into gasoline, tyres, pharmaceuticals and cosmetics, household goods, paint and coatings and others.
Key Points: Europe Aromatic Compounds Market
Total is going to dominate the aromatic compounds market following with Shell Chemicals, China Petrochemical Corporation and Exxon Mobil Corporation along with others such as CB&I, Honeywell International Inc., Reliance Industries Limited, INEOS, Chevron Phillips Chemical Company, Toray Industries, Inc., The Dow Chemical Company, Caltex Corporation, LyondellBasell Industries Holdings B.V., and Saudi Basic Industries Corporation among others.
- Benzene market is growing with the highest CAGR
- Reformate are driving the market with highest market share
- p- xylene segment is dominating the aromatic compounds market
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
"aromatic" - Google News
May 29, 2020 at 12:31PM
https://ift.tt/2AnvYSw
Europe Aromatic Compounds Market is Expected to Reach 22012.73 Thousand Tons by 2025 - Bulletin Line
"aromatic" - Google News
https://ift.tt/2A2dLdj
https://ift.tt/3b8aPsv
Bagikan Berita Ini
0 Response to "Europe Aromatic Compounds Market is Expected to Reach 22012.73 Thousand Tons by 2025 - Bulletin Line"
Post a Comment