According to the current analysis of Reports and Data, the global Aromatic Solvents market was valued at USD 7.3 Billion in 2018 and is expected to reach USD 9.06 Billion by year 2026, at a CAGR of 2.60%. Aromatic solvents are characterized by their solvating ability. This type of product is highly refined and completely lacks aliphatic components. Aromatic products generally are manufactured from feedstock rich in aromatics such as the reformate. Extractive distillation and the Udex process are both procedures involving fractional distillation in the presence of a solvent as means of removing aromatic compounds. Aromatic solvents such as toluene are commonly used in paints, varnishes, adhesives and as chemical intermediates.
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The comprehensive analysis of the Aromatic Solvents market assists businesses in gaining a competitive advantage and helps them reach their business goals and objectives. The global Aromatic Solvents market research report is formulated with the descriptive profiles of the leading companies of the market along with their pricing analysis, gross revenue, financial standing, sales network and distribution channel, profit margins, and market position. This offers the readers a complete understanding of the competitive landscape of the Aromatic Solvents industry.
The Aromatic Solvents research report draws focus on the strengths and weaknesses of the key players of the market through a comprehensive SWOT analysis and Porter’s Five Forces analysis to project the growth rate.
Top Companies Profiled in this Report are:
Royal Dutch Shell Plc, LyondellBasell Industries Holdings B.V, China Petroleum and Chemical Corporation, BASF SE, SK Global Chemical Co., Ltd, China National Petroleum Corporation, Reliance Industries Limited, ExxonMobil Corporation, Chinese Petroleum Corporation.
Segmentation Analysis
The global Aromatic Solvents market report further segments the market based on product types offered by the market, applications, and key geographies of the market. The research study assesses the market in terms of market size, volume, revenue, and share.
Furthermore, the report also offers an accurate assessment of the market share and customer base of the Aromatic Solvents market in the major geographical regions of the world. The report also analyzes the growth of the individual segments of the Aromatic Solvents industry throughout the forecast period.
Aromatic Solvents market segmentation by types of, the report covers-
- Toluene
- Xylene
- Ethylbenzene solvent
Aromatic Solvents market segmentation by applications of the, the report covers the following uses-
- Cleaning and Degreasing
- Printing Inks
- Adhesives
- Paints and coatings
- Others
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Aromatic Solvents market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Objectives of the Aromatic Solvents Market Report:
- Analysis and forecast of the Global Aromatic Solvents Market by segmentation of the market
- Analysis of various macro and micro-economic factors influencing the growth of the Aromatic Solvents market
- Extensive SWOT analysis and Porter’s Five Forces analysis to offer a detailed view of the competitive landscape
- Insights into drivers, restraints, opportunities, limitations, threats, and challenges
- Analysis of the key players operating in the industry
- Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans
In conclusion, the report offers an extensive panoramic view of the Aromatic Solvents industry, backed by key statistical data and figures garnered from authentic sources and thorough primary and secondary research. The report offers a thorough examination of the size, shape, and volume of the market to offer an accurate forecast estimation of the Aromatic Solvents industry till 2027. The report also strives to offer strategic recommendations to the new players entering the Aromatic Solvents industry and guide them for overcoming entry-level barriers. It also offers recommendations to the established companies to fortify their presence in the Aromatic Solvents market and capitalize on the emerging opportunities in the industry.
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