Aromatic Compounds Market Rising at 4.3% CAGR Due to Surging Demand from Detergent Industry

Posted June 14, 2021 by leonfrancis

Aromatic compounds market is estimated to grow at growth rate of 5.67% for the forecast period of 2020 to 2027.

Aromatic compounds market is estimated to grow at growth rate of 5.67% for the forecast period of 2020 to 2027. High demand for aromatic chemical in several end-use industries has increased the production capacity and drives the growth of the market. Aromatic chemical are obtained from petroleum sources, it is a cyclic organic compound which is sweet smelling and is used in various end-use industries, such as solvent in paint industry as a thinner, helps to remove oil and grease and as an aromatic additive. Aromatic solvent are majorly used in coating and paints, chemicals and pharmaceuticals. As the market is growing due to paints and coatings demand around 51.23% demand is generated from paints and coatings and thus drives the market growth. Due to rise in population and construction industry the use of paints and coating is also increasing and thus aromatic chemicals demand is also witnessing growth and will also create growth opportunities for aromatic compounds market in the forecast period of 2020-2027.
Alternatives available in the market for aromatic compounds and imposition of regulations on aromatic compounds will act as a restrain and further challenge the growth of aromatic compounds market in the forecast period mentioned above. The aromatic compounds market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market contact us metal biocides market for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aromatic Compounds Market, By Type (Benzene, Xylene, Toluene and Others), Application (Solvent and Additive), End Use (Packaging, Detergent & Dyes, Automobile, Electronic Devices, Medical Devices, Pharmaceuticals, Gasoline, Tyre, Household Goods, Paints & Coatings, PVC Pipes & Cables, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027. Aromatic compounds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related aromatic compounds market.
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Global Aromatic Compounds Market Scope and Market Size:
Aromatic compounds market is segmented on the type, application and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. On the basis of type, the aromatic compounds market is segmented into benzene, xylene, and toluene. Benzene is further segmented into ethyl benzene, cumene and cyclohexane; xylene is further segmented into p-xylene, m-xylene, and o-xylene. Toluene is further segmented into solvents, toluene diisocyanate and others. On the basis of application, the aromatic compounds market is segmented into solvent and additive. Based on end-use, the aromatic compounds market is segmented into packaging, detergent & dyes, automobile, electronic devices, medical devices, pharmaceuticals, gasoline, tyre, household goods, paints & coatings, PVC pipes & cables and others.
Key Market Competitors:
The major players covered in the aromatic compounds market report are Shell Chemicals, Exxon Mobil Corporation, Total, CB&I, Honeywell International Inc., Reliance Industries Limited, INEOS, Chevron Phillips Chemical Company, Toray Industries, Inc., The Dow Chemical Company, Caltex Corporation, LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation, Koch Industries, Inc, Formosa Plastics Corporation, ENEOS Corporation and SABIC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Chapter One: Global Aromatic Compounds Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Aromatic Compounds Market Competition, by Players
Chapter Four: Global Aromatic Compounds Market Size by Regions
Chapter Five: Global Aromatic Compounds Market Revenue by Countries
Chapter Six: Global Aromatic Compounds Market Revenue by Type
Chapter Seven: Global Aromatic Compounds Market Revenue by Application
Chapter Eight: Global Aromatic Compounds Market Revenue by Industries
Chapter Nine: Global Aromatic Compounds Market Revenue by Deployment Model
Chapter Ten: Global Aromatic Compounds Market Revenue by End User
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Capture Global Aromatic Compounds Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Global Aromatic Compounds Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model.
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Browse Related Report:
North America Aromatic Compounds Market
Europe Aromatic Compounds Market
Asia-Pacific Aromatic Compounds Market
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Last Updated June 14, 2021