Global Aromatics Market Analysis, Size, Share, Development, Growth & Demand Forecast 2018 -2023

1. Aromatics Market Research Report- Forecast to 2023

2. Aromatics Market Research Report- Forecast to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 REQUEST SAMPLE VIEW REPORTS PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

3. Aromatics Market - 2023 Global Aromatics Market Research Report: By Type (Benzene, Toluene, O-Xylene, P-Xylene), Application (Paints & Coating, Automotive, Pharmaceuticals, Oil & Gas, Chemicals) – Forecast Till 2023 Synopsis of Aromatics Market: Aromatics are the organic compound obtained from petroleum sources. It is a hydrocarbon containing sigma bonds and delocalized electrons between carbon atoms. Moreover, its sweet smell, abrasion resistance, and growing consumption of product in major industries are the important trends and factors influencing the market confidently. Therefore, they are used as a part of various applications such as paints & coating, automotive, pharmaceuticals, oil & gas, chemicals, and others. Among the various segments in aromatics market, the toluene segment has witnessed a significant growth due to its extensive use as a solvent in paint thinners, nail polish removers, glues, and correction fluids. It is widely used as an industrial feedstock and solvent in end-use industries. Moreover, toluene is also used as an alternative fuel in heavy engines. It is estimated that the benzene segment is set to grow at a higher CAGR owing to its boundless use as intermediates, solvents, and others in oil & gas industries. The growing production of cyclohexane, ethylbenzene, and others in major industries is set to drive the aromatics market over the assessment period. Additionally, its extensive use in the production of synthetic rubber and plastics in end-use industries is set to drive the market in the coming years. The market by application is segregated into pharmaceuticals, automotive, paints & coating, oil & gas chemicals, and others. The paints & coatings segment is projected to expand at a significant rate due to extensive consumption of product as intermediates and solvent in end-use applications. Moreover, the automotive industry is projected to grow at a higher rate owing to its growing consumption of aromatics in body bumpers, lighting, dashboard, seats, upholstery, fuel systems, and others are projected to drive the aromatics market due to its excellent performance and bio-compatible nature offered by the product. www.marketresearchfuture.com

4. Aromatics Market - 2023 Regional Analysis The aromatics market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market due to the growing consumption of aromatics in automotive, aerospace, aviation, and others. The toluene segment holds a major portion and is anticipated to continue its dominance in the market due to extraordinary features offered by the product such as light weight, superior performance, and other characteristics. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market. The North American region is growing significantly due to growing demand for toluene and benzene products in automotive, paints & coatings, and other industries. It is predicted that growing investments in the end-use industries is likely to drive the market during the forecast period. The growing consumption of products in end-use industries has propelled the growth in countries such as the U.S, Canada, and Mexico to achieve a stunning growth in the market because they provide unique reliable nature, safety, and high performance to the product. The European market has observed a remarkable growth due to stringent rules and regulations implemented by the regional governments to follow lightweight products in end-use industries. The market has been driven by the application of this rule in pharmaceuticals, lubricants, personal care segments. It is estimated that the growing innovation and technological advancement in lithium-ion batteries, and other products are predicted to propel the growth in the countries such as the U.K, Italy, Germany, and France during the forecast period. The Middle East & Africa region is estimated to witness a significant growth in the market due to growing consumption of aromatics in healthcare, automotive, and other sectors. Moreover, Latin America is anticipated to witness a higher growth in the market due to increasing demand for product in the end-use industries. Segmental Analysis The global aromatics market is segmented into the type and application. On the basis of type, the market is segregated into benzene, toluene, o-xylene, p-xylene segments. The market by application is further categorized into paints & coating, automotive, pharmaceuticals, oil & gas chemicals, and others. www.marketresearchfuture.com

5. Aromatics Market - 2023 Key Players: Some of the prominent players operating in the global aromatics market are Eastman Chemical Company (U.S.), Ashland (U.S.), BASF SE (Germany), Huntsman Corporation (U.S.), Celanese Corporation (U.S.), Petrochem Carless Ltd.(U.K.), INEOS (Switzerland), The ExxonMobil Corporation(U.S.), Royal Dutch Shell plc(the Netherlands) and Honeywell International Inc. (U.S.) among others. Geographical Analysis: The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Intended Audience: Aromatics market manufacturers Traders and Distributors of Aromatics market Production Process Industries Potential Investors Raw Material Suppliers Nationalized Laboratory www.marketresearchfuture.com

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