What is the market size for the aromatic solvents market?

The Market is expected to grow by $ 1271.13 mn in 2024-2028. <a href='https://www.technavio.com/report/aromatic-solvents-market-industry-analysis'>Read More</a>

What is the CAGR for the aromatic solvents market?

3.54% CAGR with $ 1271.13 mn Momentum. <a href='https://www.technavio.com/report/aromatic-solvents-market-industry-analysis'>Read More</a>

What is the growth rate of the Aromatic Solvents Market market?

3.54% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/aromatic-solvents-market-industry-analysis'>Read More</a>

Which region held the largest market share in the Aromatic Solvents Market market?

APAC with 50% of the market growth. <a href='https://www.technavio.com/report/aromatic-solvents-market-industry-analysis'>Read More</a>

Who are the prominent players in the Aromatic Solvents Market market?

AGROFERT AS, Arham Petrochem Pvt. Ltd., BASF SE, Chevron Phillips Chemical Co. LLC, Compania Espanola de Petroleos SA, Eastman Chemical Co., Exxon Mobil Corp., HCS .... <a href='https://www.technavio.com/report/aromatic-solvents-market-industry-analysis'>Read More</a>

Aromatic Solvents Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, United Arab Emirates, China, India, Germany - Size and Forecast 2024-2028

Published: Apr 2024
Pages: 188
SKU: IRTNTR43931

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Aromatic Solvents Market Size 2024-2028

The aromatic solvents market size is forecast to increase by USD 1.27 billion at a CAGR of 3.54% between 2023 and 2028. Market growth hinges on several key factors. Firstly, the uptick in building and construction activities fuels demand for various materials and chemicals, including aromatic solvents. Secondly, technological advancements in solvent recovery and recycling processes optimize resource utilization, aligning with sustainability goals. The increased utilization of these chemicals in specialty chemicals further propels market expansion, driven by their unique properties and applications across industries like paints, coatings, and pharmaceuticals. These intertwined factors create a synergistic effect, shaping the market's growth trajectory. As industries emphasize sustainability and efficiency, innovations in recovery processes and the strategic use of these chemicals contribute significantly to meeting evolving market demands while addressing environmental concerns. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2018 - 2022, besides analyzing the current market scenario.

What will be the Market Size During the Forecast Period?

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Market Definition

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global aromatic solvents market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global aromatic solvents market 2018 - 2022 ($ million)

4.2 End-user Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ million)

4.3 Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
- Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)

6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user

6.3 Paints and coatings - Market size and forecast 2023-2028
- Exhibit 34: Chart on Paints and coatings - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Paints and coatings - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Paints and coatings - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Paints and coatings - Year-over-year growth 2023-2028 (%)

6.4 Automotive - Market size and forecast 2023-2028
- Exhibit 38: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Automotive - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Automotive - Year-over-year growth 2023-2028 (%)

6.5 Pharmaceuticals - Market size and forecast 2023-2028
- Exhibit 42: Chart on Pharmaceuticals - Market size and forecast 2023-2028 ($ million)
- Exhibit 43: Data Table on Pharmaceuticals - Market size and forecast 2023-2028 ($ million)
- Exhibit 44: Chart on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Pharmaceuticals - Year-over-year growth 2023-2028 (%)

6.6 Oilfield chemicals - Market size and forecast 2023-2028
- Exhibit 46: Chart on Oilfield chemicals - Market size and forecast 2023-2028 ($ million)
- Exhibit 47: Data Table on Oilfield chemicals - Market size and forecast 2023-2028 ($ million)
- Exhibit 48: Chart on Oilfield chemicals - Year-over-year growth 2023-2028 (%)
- Exhibit 49: Data Table on Oilfield chemicals - Year-over-year growth 2023-2028 (%)

6.7 Others - Market size and forecast 2023-2028
- Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)

6.8 Market opportunity by End-user
- Exhibit 54: Market opportunity by End-user ($ million)
- Exhibit 55: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 56: Chart on Type - Market share 2023-2028 (%)
- Exhibit 57: Data Table on Type - Market share 2023-2028 (%)

7.2 Comparison by Type
- Exhibit 58: Chart on Comparison by Type
- Exhibit 59: Data Table on Comparison by Type

7.3 Toluene - Market size and forecast 2023-2028
- Exhibit 60: Chart on Toluene - Market size and forecast 2023-2028 ($ million)
- Exhibit 61: Data Table on Toluene - Market size and forecast 2023-2028 ($ million)
- Exhibit 62: Chart on Toluene - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Toluene - Year-over-year growth 2023-2028 (%)

7.4 Xylene - Market size and forecast 2023-2028
- Exhibit 64: Chart on Xylene - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Data Table on Xylene - Market size and forecast 2023-2028 ($ million)
- Exhibit 66: Chart on Xylene - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Xylene - Year-over-year growth 2023-2028 (%)

7.5 Ethylbenzene - Market size and forecast 2023-2028
- Exhibit 68: Chart on Ethylbenzene - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Data Table on Ethylbenzene - Market size and forecast 2023-2028 ($ million)
- Exhibit 70: Chart on Ethylbenzene - Year-over-year growth 2023-2028 (%)
- Exhibit 71: Data Table on Ethylbenzene - Year-over-year growth 2023-2028 (%)

7.6 Benzene - Market size and forecast 2023-2028
- Exhibit 72: Chart on Benzene - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Data Table on Benzene - Market size and forecast 2023-2028 ($ million)
- Exhibit 74: Chart on Benzene - Year-over-year growth 2023-2028 (%)
- Exhibit 75: Data Table on Benzene - Year-over-year growth 2023-2028 (%)

7.7 Others - Market size and forecast 2023-2028
- Exhibit 76: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 78: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 79: Data Table on Others - Year-over-year growth 2023-2028 (%)

7.8 Market opportunity by Type
- Exhibit 80: Market opportunity by Type ($ million)
- Exhibit 81: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 83: Chart on Market share by geography 2023-2028 (%)
- Exhibit 84: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 85: Chart on Geographic comparison
- Exhibit 86: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 91: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028
- Exhibit 95: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Exhibit 103: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 104: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 105: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 China - Market size and forecast 2023-2028
- Exhibit 107: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 108: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 109: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on China - Year-over-year growth 2023-2028 (%)

9.9 US - Market size and forecast 2023-2028
- Exhibit 111: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 112: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 113: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on US - Year-over-year growth 2023-2028 (%)

9.10 Germany - Market size and forecast 2023-2028
- Exhibit 115: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 116: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 117: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 118: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.11 United Arab Emirates - Market size and forecast 2023-2028
- Exhibit 119: Chart on United Arab Emirates - Market size and forecast 2023-2028 ($ million)
- Exhibit 120: Data Table on United Arab Emirates - Market size and forecast 2023-2028 ($ million)
- Exhibit 121: Chart on United Arab Emirates - Year-over-year growth 2023-2028 (%)
- Exhibit 122: Data Table on United Arab Emirates - Year-over-year growth 2023-2028 (%)

9.12 India - Market size and forecast 2023-2028
- Exhibit 123: Chart on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 124: Data Table on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 125: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 126: Data Table on India - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 127: Market opportunity by geography ($ million)
- Exhibit 128: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 129: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 130: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 131: Overview on factors of disruption

11.4 Industry risks
- Exhibit 132: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 133: Vendors covered

12.2 Market positioning of vendors
- Exhibit 134: Matrix on vendor position and classification

12.3 AGROFERT AS
- Exhibit 135: AGROFERT AS - Overview
- Exhibit 136: AGROFERT AS - Product / Service
- Exhibit 137: AGROFERT AS - Key offerings

12.4 Arham Petrochem Pvt. Ltd.
- Exhibit 138: Arham Petrochem Pvt. Ltd. - Overview
- Exhibit 139: Arham Petrochem Pvt. Ltd. - Product / Service
- Exhibit 140: Arham Petrochem Pvt. Ltd. - Key offerings

12.5 Chevron Phillips Chemical Co. LLC
- Exhibit 141: Chevron Phillips Chemical Co. LLC - Overview
- Exhibit 142: Chevron Phillips Chemical Co. LLC - Product / Service
- Exhibit 143: Chevron Phillips Chemical Co. LLC - Key news
- Exhibit 144: Chevron Phillips Chemical Co. LLC - Key offerings

12.6 Compania Espanola de Petroleos SA
- Exhibit 145: Compania Espanola de Petroleos SA - Overview
- Exhibit 146: Compania Espanola de Petroleos SA - Business segments
- Exhibit 147: Compania Espanola de Petroleos SA - Key offerings
- Exhibit 148: Compania Espanola de Petroleos SA - Segment focus

12.7 Exxon Mobil Corp.
- Exhibit 149: Exxon Mobil Corp. - Overview
- Exhibit 150: Exxon Mobil Corp. - Business segments
- Exhibit 151: Exxon Mobil Corp. - Key offerings
- Exhibit 152: Exxon Mobil Corp. - Segment focus

12.8 Honeywell International Inc.
- Exhibit 153: Honeywell International Inc. - Overview
- Exhibit 154: Honeywell International Inc. - Business segments
- Exhibit 155: Honeywell International Inc. - Key news
- Exhibit 156: Honeywell International Inc. - Key offerings
- Exhibit 157: Honeywell International Inc. - Segment focus

12.9 Korea Petrochemical Ind. Co. Ltd.
- Exhibit 158: Korea Petrochemical Ind. Co. Ltd. - Overview
- Exhibit 159: Korea Petrochemical Ind. Co. Ltd. - Product / Service
- Exhibit 160: Korea Petrochemical Ind. Co. Ltd. - Key offerings

12.10 ORG CHEM GROUP
- Exhibit 161: ORG CHEM GROUP - Overview
- Exhibit 162: ORG CHEM GROUP - Product / Service
- Exhibit 163: ORG CHEM GROUP - Key offerings

12.11 Pampa Energia SA
- Exhibit 164: Pampa Energia SA - Overview
- Exhibit 165: Pampa Energia SA - Business segments
- Exhibit 166: Pampa Energia SA - Key offerings
- Exhibit 167: Pampa Energia SA - Segment focus

12.12 RB Products Inc.
- Exhibit 168: RB Products Inc. - Overview
- Exhibit 169: RB Products Inc. - Product / Service
- Exhibit 170: RB Products Inc. - Key offerings

12.13 Reliance Industries Ltd.
- Exhibit 171: Reliance Industries Ltd. - Overview
- Exhibit 172: Reliance Industries Ltd. - Business segments
- Exhibit 173: Reliance Industries Ltd. - Key news
- Exhibit 174: Reliance Industries Ltd. - Key offerings
- Exhibit 175: Reliance Industries Ltd. - Segment focus

12.14 Saudi Arabian Oil Co.
- Exhibit 176: Saudi Arabian Oil Co. - Overview
- Exhibit 177: Saudi Arabian Oil Co. - Product / Service
- Exhibit 178: Saudi Arabian Oil Co. - Key offerings

12.15 Shell plc
- Exhibit 179: Shell plc - Overview
- Exhibit 180: Shell plc - Business segments
- Exhibit 181: Shell plc - Key news
- Exhibit 182: Shell plc - Key offerings
- Exhibit 183: Shell plc - Segment focus

12.16 SK Innovation Co. Ltd.
- Exhibit 184: SK Innovation Co. Ltd. - Overview
- Exhibit 185: SK Innovation Co. Ltd. - Business segments
- Exhibit 186: SK Innovation Co. Ltd. - Key offerings
- Exhibit 187: SK Innovation Co. Ltd. - Segment focus

12.17 Vinati Organics Ltd.
- Exhibit 188: Vinati Organics Ltd. - Overview
- Exhibit 189: Vinati Organics Ltd. - Business segments
- Exhibit 190: Vinati Organics Ltd. - Key offerings
- Exhibit 191: Vinati Organics Ltd. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 192: Inclusions checklist
- Exhibit 193: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 194: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 195: Research methodology
- Exhibit 196: Validation techniques employed for market sizing
- Exhibit 197: Information sources