Aromatic solvent is a variety of organic compound that has alternating double and single bonds between carbon atoms, which form rings. Aromatic solvents are powerful solvents for organic liquids. Hence, they’re wide employed in a variety of industries like paints, petrochemicals, enamel removers, cleaners, adhesives, dyes, and varnishes. Due to low product differentiation, the product quality doesn’t have an impact on the market. Thus, the intensity of competition within the aromatic solvents market is low. The unsteady costs of raw materials adversely impact the value of production incurred by the manufacturers of solvents. High capital prices in addition to the licensing of proprietary technology limit the entry of new players into the market.
Market Insights
The global Aromatics Manufacturing market is expected to be around US$ 8.20 Billion by 2027 at a CAGR of 3% in the given forecast period.
The global Aromatics Manufacturing market is segregated on the basis of Product Type as Benzene, Toluene, Xylene, and Others. Based on End-User Industry the global Aromatics Manufacturing market is segmented in Pharmaceuticals, Oilfield chemicals, Automotive, Paint & Coatings, and Others.
The global Aromatics Manufacturing market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Aromatics Manufacturing market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Exxon Mobil Corporation, UOP LLC, Royal Dutch Shell plc, Eastman Chemical Company, BASF SE, Chevron Phillips Chemical Company LLC, Celanese Corporation, Huntsman Corporation, Oil Refineries Ltd., Petrochem Carless, and others are among the major players in the global Aromatics Manufacturing market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Aromatics Manufacturing Market has been segmented as below:
Aromatics Manufacturing Market, By Product Type
Aromatics Manufacturing Market, By End-User Industry
Aromatics Manufacturing Market, By Region
Aromatics Manufacturing Market, By Company
The report covers:
Report Scope:
The global Aromatics Manufacturing market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Aromatics Manufacturing market share. Major industry players with significant revenue share include Exxon Mobil Corporation, UOP LLC, Royal Dutch Shell plc, Eastman Chemical Company, BASF SE, Chevron Phillips Chemical Company LLC, Celanese, Huntsman, Oil Corporation Refineries Ltd., Petrochem Carless, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Aromatics Manufacturing Market, By Product Type
5.1 Introduction
5.2 Benzene
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Toluene
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Xylene
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Others
5.5.1 Market Overview
5.5.2 Market Size and Forecast
6. Aromatics Manufacturing Market, By End-User Industry
6.1 Introduction
6.2 Pharmaceuticals
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Oilfield chemicals
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Automotive
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 Paint & Coatings
6.5.1 Market Overview
6.5.2 Market Size and Forecast
6.6 Others
6.6.1 Market Overview
6.6.2 Market Size and Forecast
7. Aromatics Manufacturing Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America Aromatics Manufacturing, By Product Type
7.2.2 North America Aromatics Manufacturing, By End-User Industry
7.3 Europe
7.3.1 Europe Aromatics Manufacturing, By Product Type
7.3.2 Europe Aromatics Manufacturing, By End-User Industry
7.4 Asia-Pacific
7.4.1 Asia-Pacific Aromatics Manufacturing, By Product Type
7.4.2 Asia-Pacific Aromatics Manufacturing, By End-User Industry
7.5 Rest of the World
7.5.1 Rest of the World Aromatics Manufacturing, By Product Type
7.5.2 Rest of the World Aromatics Manufacturing, By End-User Industry
8. Competitive Insights
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
9. Company Profiles
9.1 Exxon Mobil Corporation
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 UOP LLC
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Royal Dutch Shell plc
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 Eastman Chemical Company
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 BASF SE
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 Chevron Phillips Chemical Company LLC
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Celanese Corporation
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Huntsman Corporation
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 Oil Refineries Ltd.
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Petrochem Carless
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
The Aromatics Manufacturing Market has been segmented as below:
Aromatics Manufacturing Market, By Product Type
Aromatics Manufacturing Market, By End-User Industry
Aromatics Manufacturing Market, By Region
Aromatics Manufacturing Market, By Company
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