$8.2 Billion Aromatic Solvents (Toluene, Xylene, Ethylbenzene) Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 10, 2018--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 an obstacle to market growth.
By application, the paints and 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. Further, the growth around the world of the automotive, OEM, machinery, and appliances markets are expected to drive demand for aromatic solvents in this application during the forecast period.
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 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 demand for aromatic solvents in the paints and coatings application.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Aromatic Solvents Market, By Type
7 Aromatic Solvents Market, By Application
8 Aromatic Solvents Market, By Region
9 Competitive Landscape
10 Company ProfilesBASF SE Bharat Petroleum Corporation Limited Chevron Phillips Chemical Co. China National Petroleum Corporation (CNPC) China Petroleum & Chemical Corportaion Chinese Petroleum Corporation (CPC) Exxonmobil Corporation Formosa Chemicals & Fibre Corporation Global Chemical Co., Ltd. Gotham Industries Haltermann Carless Indian Oil Corporation Limited Lyondellbasell Industries Holdings B.V. Pon Pure Chemicals Group Recochem Inc. Reliance Industries Limited Royal Dutch Shell Plc Top Solvent Co., Ltd. Total S.A. W.M. Barr & Company Inc.
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 10/10/2018 07:02 AM/DISC: 10/10/2018 07:02 AM