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Global Aromatic Solvents Market to Grow by 2030 Due to Demand From End-Use Industries

Global Aromatic Solvents Market - Overview

Aromatic solvents are defined as a class of solvents that contains an aromatic hydrocarbon such as naphtha, toluene, or xylene. A new report on the global aromatic solvents market, published by Market Research Future (MRFR), predicts that this market can see growth during the forecast period (2021-2030).

The most important market driver for the global aromatic solvents market growth is demand from the end-use industries. The surging industrialization and urbanization in developing countries can enhance the market growth. Other factors aiding the global aromatic solvents market growth include increasing infrastructural development, subsequent increase in the construction sector, growing energy demand, subsequent increase in the oil & gas activities, favorable regulations from governments in many countries, increasing investment from market players, increasing use of corrosion inhibitors in the oil & gas industry, and lastly, increasing application of aromatic solvents in the paints & coatings industry.


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Global Aromatic Solvents Market – Prominent Players
Exxon Mobil Corporation (U.S.), Celanese Corporation (U.S.), Royal Dutch Shell plc (U.K) , Eastman Chemical Company (U.S.), BASF SE (Germany), LyondellBasell Industries Holdings B.V (Netherland), Chevron Phillips Chemical Company LLC (U.S), Honeywell International Inc (U.S.), Sasol Ltd and Ineos AG among others. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Aromatic Solvents Market.

Market Dynamics -

The North America market is expected to grow at a stable CAGR due to extensive consumption of acrylic and epoxy based adhesives in automotive, marine, and aerospace. Owing to stringent Corporate Average Fuel Economy (CAFE) regulations, pertinent to fuel efficiency of the vehicle, North American automotive producers are more inclined to lightweight vehicles.

Country markets in Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of epoxy, polyurethanes and acrylic resins in automotive & transportation, industrial, equipment and energy sectors. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for alkyd, polyurethanes and epoxy resins in major industries.

The growth of the Aromatic Solvents Industry has been negatively impacted by the recent global outbreak of COVID-19. Lockdowns and other restrictions have led to the disruption of numerous construction sector activities, hampering the growth of the market for Aromatic Solvents. However, it is expected that the ease of lockdown restrictions, together with the increased emphasis on effective restoration of the construction industry, will support the rapid recovery of the Aromatic Solvents size during the post-lockdown period.


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Aromatic Solvents Market - Segments:


The global aromatic solvents market segmentation encompasses application and product type. MRFR’s research on the market highlights many factors of the market in-depth.

The application-based segmentation of this market can cover adhesives & sealants, automotive, cosmetics, electronics, oilfield chemicals, paints & coatings, pesticides, pharmaceuticals, textiles, and others. The paints & coatings segment occupies the maximum market share among all segments.

Based on product type, the market can be segmented into benzene, solvent naphtha, toluene, and xylene. Benzene is the leading market segment among all segments.

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Aromatic Solvents Market - Regional Analysis:

A geographical outlining of the global aromatic solvents market covers Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa (MEA).
Global Aromatic Solvents Market to Grow by 2030 Due to Demand From End-Use Industries Global Aromatic Solvents Market - Overview Aromatic solvents are defined as a class of solvents that contains an aromatic hydrocarbon such as naphtha, toluene, or xylene. A new report on the global aromatic solvents market, published by Market Research Future (MRFR), predicts that this market can see growth during the forecast period (2021-2030). The most important market driver for the global aromatic solvents market growth is demand from the end-use industries. The surging industrialization and urbanization in developing countries can enhance the market growth. Other factors aiding the global aromatic solvents market growth include increasing infrastructural development, subsequent increase in the construction sector, growing energy demand, subsequent increase in the oil & gas activities, favorable regulations from governments in many countries, increasing investment from market players, increasing use of corrosion inhibitors in the oil & gas industry, and lastly, increasing application of aromatic solvents in the paints & coatings industry. Obtain Brochure For Latest Technology Advancements @ https://www.marketresearchfuture.com/sample_request/5412 Global Aromatic Solvents Market – Prominent Players Exxon Mobil Corporation (U.S.), Celanese Corporation (U.S.), Royal Dutch Shell plc (U.K) , Eastman Chemical Company (U.S.), BASF SE (Germany), LyondellBasell Industries Holdings B.V (Netherland), Chevron Phillips Chemical Company LLC (U.S), Honeywell International Inc (U.S.), Sasol Ltd and Ineos AG among others. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Aromatic Solvents Market. Market Dynamics - The North America market is expected to grow at a stable CAGR due to extensive consumption of acrylic and epoxy based adhesives in automotive, marine, and aerospace. Owing to stringent Corporate Average Fuel Economy (CAFE) regulations, pertinent to fuel efficiency of the vehicle, North American automotive producers are more inclined to lightweight vehicles. Country markets in Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of epoxy, polyurethanes and acrylic resins in automotive & transportation, industrial, equipment and energy sectors. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for alkyd, polyurethanes and epoxy resins in major industries. The growth of the Aromatic Solvents Industry has been negatively impacted by the recent global outbreak of COVID-19. Lockdowns and other restrictions have led to the disruption of numerous construction sector activities, hampering the growth of the market for Aromatic Solvents. However, it is expected that the ease of lockdown restrictions, together with the increased emphasis on effective restoration of the construction industry, will support the rapid recovery of the Aromatic Solvents size during the post-lockdown period. Access Complete Report @ https://www.marketresearchfuture.com/reports/aromatic-solvents-market-5412 Aromatic Solvents Market - Segments: The global aromatic solvents market segmentation encompasses application and product type. MRFR’s research on the market highlights many factors of the market in-depth. The application-based segmentation of this market can cover adhesives & sealants, automotive, cosmetics, electronics, oilfield chemicals, paints & coatings, pesticides, pharmaceuticals, textiles, and others. The paints & coatings segment occupies the maximum market share among all segments. Based on product type, the market can be segmented into benzene, solvent naphtha, toluene, and xylene. Benzene is the leading market segment among all segments. Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=5412 Aromatic Solvents Market - Regional Analysis: A geographical outlining of the global aromatic solvents market covers Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa (MEA).
Aromatic Solvents Market Size, Share, Growth | Report, 2030
Aromatic Solvents Market in the European market is a lucrative market mainly driven by the developed electrical & electronics, construction, and automobile sector | Aromatic Solvents Market in North America developed end-user industries such as construction, transportation, and electronics among others are significantly driving the market growth
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