Aromatic Solvents Market Business Opportunity And Future Growth Analysis Report 2026: Reports and Data
Aromatic Solvents Market Description
Reports and Data’s latest industry analysis report titled ‘Global Aromatic Solvents Market’ provides the reader with an exhaustive overview of the Aromatic Solvents industry. The report is inclusive of a concise market summary and contains market projections based on the present market situation, current market size, and revenue growth rate. The report elaborates on the key market dynamics including market growth drivers, opportunities, threats, and challenges. In this report, market analysts at Reports and Data have emphasized the ever-changing market growth patterns and the dynamic environment of the industry. Key attractions of the report include a List of Tables and Figures, Research Methodology, Competitive Landscape, Regional Analysis, Technological Breakthroughs, and Future Market Developments. The report’s ‘COVID-19 Impact Study’ section focuses on the profound impact of the global pandemic on the materials & chemicals market, throwing light on the key challenges the industry players are currently facing. The report further analyzes other crucial aspects of the market, such as product pricing structure, product portfolios, end-use industries, sales statistics, distribution channels, and upcoming industry trends. Moreover, the report provides actionable insights into the industry’s highly competitive scenario and profiles the top companies operating in the industry, along with their extensive product portfolios. According to the Aromatic Solvents market report, the global Aromatic Solvents markets are expected to register a steady CAGR of 2.6% over the forecast period and reach a staggering market size of USD 9.06 Billion by 2026.
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The rising demand from the end-use industries is a major factor driving the growth of the global aromatic solvents market. The rise in the energy demand has amplified the oil & gas sector’s performance which in turn is adding to the growth of the market due to its applications as a corrosion inhibitor in the oil & gas sector. Owing to the evolving industrialization in the developing countries it is expected that the Aromatic solvents market will receive a push in the future. The aromatic solvents market is a money-spinning market. It is predicted to grow at a decent CAGR during the forecast period which is due to the increasing application of aromatic solvents in the paints and coatings industry among others.
Major Factors Driving the Global Aromatic Solvents Market Revenue Growth
Revenue growth of the global materials & chemicals industry is primarily driven by factors such as rapid industrialization and substantially growing demand for chemicals & materials in various industries including pharmaceutical, food & beverage, oil & gas, personal care & cosmetics, pulp & paper, textile, and manufacturing industries. Growing environmental awareness, increasing use of environmentally sustainable chemicals and raw materials, technological advances in manufacturing techniques, growing use of organic industrial chemicals, and rising need for high-performance specialty chemicals are other factors driving market revenue growth.
Top Companies Profiled in the Report:
Royal Dutch Shell Plc, LyondellBasell Industries Holdings B.V, China Petroleum and Chemical Corporation, BASF SE, SK Global Chemical Co., Ltd, China National Petroleum Corporation, Reliance Industries Limited, ExxonMobil Corporation, Chinese Petroleum Corporation.
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Regional Outlook
The key regions covered in the report are as follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Frequently Asked Questions Addressed in the Report:
What are the forecast revenue growth rate and size of the global Aromatic Solvents markets?
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What are the imminent risks and challenges expected to restrain the Aromatic Solvents industry growth in the near future?
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Type (Revenue, USD Million; 2016–2026)
Toluene
Xylene
Ethylbenzene solvent
Application Type (Revenue, USD Million; 2016–2026)
Cleaning and Degreasing
Printing Inks
Adhesives
Paints and coatings
Others
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