Global Aromatic Solvents Market Forecast to 2023: High Demand From the Construction and Automotive Industries Driving Growth

Dublin, Dec. 14, 2018 (GLOBE NEWSWIRE) -- The "Aromatic Solvents Market by Type (Toluene, Xylene, Ethylbenzene), Application (Paints & Coatings, Printing Inks, Adhesives, Metal Cleaning) and Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The aromatic solvents market is projected to grow from USD 7.27 billion in 2018 to USD 8.29 billion by 2023, at a CAGR of 2.66% during the forecast period.

The growth in the automotive and construction industries is expected to drive the demand for aromatic solvents during the forecast period. The harmful effects of aromatic solvents act as a challenge for the market growth.

The paints & coatings application is expected to lead the aromatic solvents market during the forecast period, in terms of both value and volume

By application, the paints & coatings segment is expected to lead the aromatic solvents market during the forecast period. This is due to the demand for construction chemicals in the paints & coatings application. In addition, the rapid growth in population and the growing automotive industry in the region are expected to boost the aromatic solvents market in the paints & coatings application. In addition, the growth of the automotive, OEM, machinery, and appliances markets, globally are expected to drive demand for aromatic solvents in this application during the forecast period.

Asia Pacific is projected to lead the aromatic solvents market between 2018 and 2023, in terms of both value and volume

The aromatic solvents market has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is expected to lead the aromatic solvents market during the forecast period, owing to the increased manufacturing base of aromatic solvents in the economies such as China, India, and South Korea. In addition, rapid industrialization and urbanization accompanied by the rising demand for automobiles are expected to contribute to the growth of the aromatic solvents market in the region. The rapid growth in building & construction activities is also expected to drive the demand for aromatic solvents in the paints & coatings application.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Aromatic Solvents Market
4.2 Aromatic Solvents Market, By Region
4.3 Aromatic Solvents Market Overview
4.4 Aromatic Solvents Market, By Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Demand From the Construction and Automotive Industries
5.2.2 Restraints
5.2.2.1 Industries Shifting Focus on Green Solvents
5.2.3 Opportunities
5.2.3.1 Growing Opportunities From the Emerging Economies
5.2.4 Challenges
5.2.4.1 Harmful Effects of Aromatic Solvents
5.3 Porter's Five Forces Analysis: Aromatic Solvents Market
5.4 Macroeconomic Indicators
5.4.1 GDP of Major Economies in Terms of PPP
5.4.2 Trends and Forecast of Automotive Industry and Its Impact on the Aromatic Solvents Market

6 Aromatic Solvents Market, By Type
6.1 Introduction
6.2 Toluene
6.3 Xylene
6.3.1 Para-Xylene
6.3.2 Mixed Xylene
6.4 Ethylbenzene

7 Aromatic Solvents Market, By Application
7.1 Introduction
7.2 Applications of Toluene Solvents
7.2.1 Paints & Coatings
7.2.2 Adhesives
7.2.3 Printing Inks
7.2.4 Others
7.3 Applications of Xylene Solvents
7.3.1 Paints & Coatings
7.3.2 Adhesives
7.3.3 Cleaning & Degreasing
7.3.4 Others
7.4 Applications of Ethylbenzene Solvents
7.4.1 Paints & Coatings
7.4.2 Cleaning & Degreasing
7.4.3 Others

8 Aromatic Solvents Market, By Region
8.1 Introduction
8.2 APAC
8.3 Europe
8.4 North America
8.5 Middle East & Africa
8.6 South America

9 Competitive Landscape
9.1 Overview
9.2 Market Ranking Analysis
9.2.1 China Petroleum & Chemical Corporation
9.2.2 Exxonmobil Corporation
9.2.3 SK Global Chemical Co., Ltd.
9.3 Competitive Situations and Trends
9.3.1 Expansions
9.3.2 Agreements
9.3.3 Acquisitions

10 Company Profiles
10.1 China Petroleum & Chemical Corporation
10.2 Exxonmobil Corporation
10.3 SK Global Chemical Co., Ltd.
10.4 Royal Dutch Shell PLC
10.5 BASF SE
10.6 Lyondellbasell Industries Holdings B.V.
10.7 China National Petroleum Corporation (CNPC)
10.8 Reliance Industries Limited (RIL)
10.9 Total S.A.
10.10 Chinese Petroleum Corporation (CPC)
10.11 Other Market Players
10.11.1 Bharat Petroleum Corporation Limited
10.11.2 Chevron Phillips Chemical Co.
10.11.3 Formosa Chemicals & Fibre Corporation
10.11.4 Gotham Industries
10.11.5 Haltermann Carless
10.11.6 Indian Oil Corporation Limited
10.11.7 Pon Pure Chemicals Group
10.11.8 Recochem Inc.
10.11.9 Top Solvent Co., Ltd.
10.11.10 W.M. Barr & Company Inc.

For more information about this report visit https://www.researchandmarkets.com/research/5x9nkc/global_aromatic?w=12

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                    Related Topics: Solvents