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<strong>Aromatics</strong> <strong>Market</strong> |Trends, Size, Top 10 Key<br />
Players & Forecast to 2023<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
<strong>Aromatics</strong> <strong>Market</strong> Research Report – Global Forecast to 2023<br />
<strong>Market</strong> Overview / Study Objective / Synopsis<br />
<strong>Aromatics</strong> are used in a wide variety of applications, which is capable of offering<br />
versatile nature, safety, and high performance to the product. Thus, they are used in<br />
various applications such as pharmaceuticals, automotive, paints & coating, oil & gas,<br />
chemicals, and others. The global aromatics market is spanned across five regions of<br />
the world namely Asia Pacific, Europe, North America, Latin America, and the Middle<br />
East & Africa. Among these, Asia Pacific holds a major share of the global market and is<br />
projected to continue leading, owing to the increasing consumption of aromatics in<br />
automotive, pharmaceuticals, paints & coatings, chemical, and others.<br />
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<strong>Aromatics</strong> <strong>Market</strong> Research Report – Global Forecast to 2023<br />
Competitive Analysis<br />
The market by application is segregated into pharmaceuticals, automotive, paints<br />
& coating, oil & gas chemicals, and others. The paints & coatings segment is<br />
projected to expand at a significant rate due to extensive consumption of product<br />
as intermediates and solvent in end-use applications.<br />
Moreover, the automotive industry is projected to grow at a higher rate owing to<br />
its growing consumption of aromatics in body bumpers, lighting, dashboard, seats,<br />
upholstery, fuel systems, and others are projected to drive the aromatics market<br />
due to its excellent performance and bio-compatible nature offered by the<br />
product.<br />
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<strong>Aromatics</strong> <strong>Market</strong> Research Report – Global Forecast to 2023<br />
Top 10 Global key Players & Their Strategy<br />
Eastman Chemical Company (U.S.)<br />
Ashland (U.S.),<br />
BASF SE (Germany),<br />
Huntsman Corporation (U.S.),<br />
Celanese Corporation (U.S.),<br />
Petrochem Carless Ltd.(U.K.),<br />
INEOS (Switzerland),<br />
The ExxonMobil Corporation (U.S.),<br />
Royal Dutch Shell plc(the Netherlands)<br />
Honeywell International Inc. (U.S.) among others.<br />
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<strong>Aromatics</strong> <strong>Market</strong> Research Report – Global Forecast to 2023<br />
Segmentation Analysis<br />
The global aromatics market is segmented into type and application. On the basis of<br />
product, the market is segregated into benzene, toluene, o-xylene, p-xylene, and<br />
rubber segments. The market by application is further categorized into paints &<br />
coating, automotive, pharmaceuticals, oil & gas, chemicals, and others.<br />
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<strong>Aromatics</strong> <strong>Market</strong> Research Report – Global Forecast to 2023<br />
Regional Analysis<br />
The North American region is growing significantly due to growing demand for<br />
toluene and benzene products in automotive, paints & coatings, and other<br />
industries. It is predicted that growing investments in the end-use industries is<br />
likely to drive the market during the forecast period. The growing consumption of<br />
products in end-use industries has propelled the growth in countries such as the<br />
U.S, Canada, and Mexico to achieve a stunning growth in the market because they<br />
provide unique reliable nature, safety, and high performance to the product.<br />
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