Aromatic Solvent Market Overview
The MMR report for the Aromatic Solvent Market provides the all business scope for the market along with market dynamics, competitive analysis, PESTLE analysis, PORTER analysis, and market forecast region-wise as well as economy-wise also.
Market Scope
For maximum efficiency, a variety of customers across the Aromatic Solvent market are searching for new market mapping tools to add to their armoury. Moreover, during the projected period, the opportunity for vertical integration is expected to broaden the product breadth. MMR is delivering the report with the highest emphasis given to the concerned organizations and enterprises working in the automation industry.
By examining market segments and estimating market size, the MMR research also supports the understanding of the Aromatic Solvent Market dynamics and structure. Because it clearly illustrates competitive analyses of significant companies in the industry, the research is an investor's guide.
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Segmentation:
Toluene is used as a raw material for toluene diisocyanate, cement for polystyrene kits, and fullerene indicator and is also used in leather tanning and printing processes. The xylene solvents segment of the aromatic solvents market is projected to register the highest CAGR from 2021 to 2023, in terms of value and volume. This is due to its high solvency power and increasing capacity expansion of xylene, globally.
The paints & coatings segment accounted for the largest market share, in terms of value, in 2021. The growth of the automotive OEM, machinery, and appliances markets, globally accompanied by the rise in building and construction activities are expected to drive the demand in this application during the forecast period.
Asia Pacific is estimated to be the largest market for aromatic solvents in 2021, and the region is also expected to continue to lead the market till 2023, owing to the growing industries in the region's emerging economies such China, South Korea, and India. The rising per capita disposable incomes, rapid urbanization, and growing demand for automobiles are projected to fuel the aromatic solvents market.
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Key Players:
• Exxon Mobil Corporation
• LyondellBasell Industries N.V.
• BASF SE
• Eastman Chemical Company
• Royal Dutch Shell Plc.
• Chevron Phillips Chemical Company
• Celanese Corporation
• W.M. Barr & Company Inc.
• Total S.A.
• Top Solvent Co. ltd
• Reliance Industries Limited
• Recochem Inc.
• Pon Pure Chemicals Group.
• Indian Oil Corporation Limited
• Haltermann Carless
• Gotham Industries
• Global Chemical Co. Ltd
• Formosa Chemicals & Fibre Corporation
• China National Petroleum Corporation
• Bharat Petroleum Corporation Limited
• SK global chemical Co., Ltd.
• CPC Corporation
• HCS Group
Regional Analysis
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Aromatic Solvent market. The regional analysis provided in our report helps you understand the Aromatic Solvent market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the Aromatic Solvent market. Local and regional development plans are often affected by the performance of Aromatic Solvent market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
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Key Questions answered in the Aromatic Solvent Market Report are:
- What is Aromatic Solvent Market?
- What is the forecast period of the Aromatic Solvent Market?
- What is the competitive scenario of the Aromatic Solvent market?
- Which region held the largest market share in the Aromatic Solvent Market?
- What are the opportunities for the Aromatic Solvent Market?
- What factors are affecting the Aromatic Solvent market growth?
- Who are the key players of the Aromatic Solvent market?
- Which company held the largest share in the Aromatic Solvent market?
- What will be the CAGR of the Aromatic Solvent market during the forecast period?
- What key trends are likely to emerge in the Aromatic Solvent market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Aromatic Solvent #
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
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