Market Overview:
The Global Aromatic Solvents Market is expected to witness slow growth during the forecast period (2018 – 2023). Among all the regions the Asia Pacific is expected to grow the fastest.
Recent Developments:
Aromatic Solvents Market value & expected growth:
The Global Aromatic Solvents Market was $7.31 billion in 2018. It is expected to be around $8.36 billion in 2023 with a current CAGR of 2.84%.
Aromatic Solvents Market Drivers & Restraints:
The increase in demand from automotive OEMs, machinery, electrical appliances market & rapid growth in construction activities is likely to boost the aromatic solvents markets. Aromatic solvents are required for several purposes such as paints & coatings, cleaning & degreasing, adhesives, inks, cosmetics, & many more chemical solutions. Aromatic solvents are strong solvents & are corrosion resistant. Toluene, benzene, xylene, & solvent naphtha are four principal solvents in aromatic solvents markets. The paint & coatings sector in the aromatic solvents market accounts the largest within the aromatic solvents market segments. Due to the increasing demand from the oil & gas industries, these solvents serve as corrosion inhibitors which are also a reason for the growth of aromatic solvents market. End-user industrial sectors such as automobiles, electrical, & construction are some of the significant factors driving the market.
Market Taxonomy:
By geography, the market is segmented into Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. Among the Asia Pacific is the fastest growing market. India, China, Japan are some of the fastest growing countries in the Asia Pacific region. Asia Pacific is growing at a high pace due to the availability of raw materials, cheap labor, LG & area for industrial setup. The Middle East & Africa region is also expected to grow fast due to it being the major producer of raw materials required to manufacture aromatic solvents.
Key Market Players:
Some of the key market players are LyondellBasell Industries Holdings B.V. (Netherlands), BASF SE (Germany), SK Global Chemical Co., Ltd. (South Korea), China National Petroleum Corporation (China), Total S.A. (France), China Petroleum and Chemical Corporation (China), Royal Dutch Shell Plc (Netherlands), ExxonMobil Corporation (United States of America), Reliance Industries Limited (India), & Chinese Petroleum Corporation (Taiwan).
Product Description:
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market demand for the Extensive future segmentation.
Addresses the key market recent developments, growth analysis, drivers, restraints, & product description.
The report extensively offers a comprehensive analysis of the global aromatic solvents market along with the report even provides details about market trends, drivers, as well as the latest restraints of the aromatic solvents market.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Toluene Solvents
5.1.3 Xylene Solvents
5.1.4 Ethylbenzene Solvents
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Paints & Coatings
5.2.3 Printing Inks
5.2.4 Adhesives
5.2.5 Cleaning & Degreasing
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Share Analysis, By Type
5.2.8 Market Attractiveness Analysis, By Application
5.2.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 LyondellBasell Industries Holdings B.V.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 BASF SE
8.3 SK Global Chemical Co., Ltd.
8.4 China National Petroleum Corporation
8.5 Total S.A
8.6 China Petroleum and Chemical Corporation
8.7 Royal Dutch Shell Plc
8.8 ExxonMobil Corporation
8.9 ), Reliance Industries Limited
8.10 Chinese Petroleum Corporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
