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Global Aromatic Compounds Market is expected to reach 168,733.35 Thousand Tons by 2025 from 122,012.03 Thousand Tons in 2017, at a CAGR of 4.3% in the forecast period 2018 to 2025.
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Global Aromatic Compounds Market Global Aromatic Compounds Marketaccounted value of 168,733.35 Thousand Tons by 2025 from 122,012.03 Thousand Tons in 2017, at a CAGR of 4.3% “Global Aromatic Compounds Market By Source (Reformate, Pyrolysis Gasoline, Coke Oven Light Oil), By Type (Benzene{Ethylbenzene, Cumene, Cyclohexane}, Xylene{P-xylene, M-xylene, O-xylene}, Others}), By End Use (Packaging, Detergent & Dyes, Automobile, Electronic Devices, PVC Pipes & Cables, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)- Industry Trends and Forecast to 2025. Browse Full Report and Details TOC: https://databridgemarketresearch.com/reports/global-aromatic-compounds-market/
Report Description 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. Request For Free Sample Report: https://databridgemarketresearch.com/request-a-sample/?dbmr=global-aromatic-compounds-market
Market Segmentation • The global 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 69.7% market share in 2017, growing at the highest CAGR of 4.5% in the forecast period. • The global aromatic compounds market is segmented based on type into three notable segments; benzene, xylene and toluene. The global aromatic compounds market is segmented based on end use into three notable segments; benzene end use, xylene end use and toluene end use. Request for Customization @ sopan.gedam@databridgemarketresearch.com
Key Drivers • Some of the major factors driving the market for global 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. Speak to Expert: https://databridgemarketresearch.com/speak-to-analyst/?dbmr=global-aromatic-compounds-market
Key Points: Global Aromatic Compounds Market • China Petrochemical Corporation is going to dominate the aromatic compounds market following with Shell Chemicals, Exxon Mobil Corporation and Total along with others such as CB&I, Honeywell International Inc., Lyondell BasellIndustries Holdings B.V., and Saudi Basic Industries Corporation among others. • Xylene 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 inquiry Before Buying: https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-aromatic-compounds-market
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