
North America Aromatic Compounds Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)
Description
The North America aromatic compounds market size reached USD 55.20 Billion in 2024. The market is expected to grow at a CAGR of 4.70% between 2025 and 2034, reaching almost USD 87.38 Billion by 2034.
The North America aromatic compounds market is a thriving segment within the chemical industry while witnessing robust growth and offering lucrative prospects for stakeholders. These compounds, characterised by their distinct fragrance, find extensive use in perfumes, cosmetics, pharmaceuticals, and food additives. Derived from both natural sources like plants and flowers and synthesised through chemical processes, aromatic compounds play a pivotal role in industries relying on sensory appeal.
Key players are investing in R&D to develop innovative aromatic compounds to meet evolving consumer preferences and regulatory standards. The market's growth is fuelled by factors such as increased demand for fragrances and flavours, especially in emerging economies like India and China, and expanding applications in various sectors like packaging, automotive, and electronics.
Aromatic compounds, derived from petroleum sources or coal tar, are witnessing heightened demand from industries such as paints and coatings, pharmaceuticals, and medical devices. Rising investments in R&D, particularly in major companies, and technological advancements are driving the North America aromatic compounds market development.
The U.S. dominates the aromatic compounds market, driven by increased R&D activities and demand for automotive coatings. The market is poised for growth, supported by expanding applications, technological advancements, and rising demand for lighter, fuel-efficient vehicle components made from aromatic compounds.
Opportunities for growth include the use of bio-based aromatics and technological advancements to reduce waste. Overall, the aromatic compounds market is expected to thrive, driven by increasing demand from various industries and advancements in production techniques.
Market Segmentation
North America Aromatic Compounds Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
Others
Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
Others
Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
Others
Others
Market Breakup by Application
Additive
Solvent
Market Breakup by End-Use
Detergent And Dyes
Paint and Coating
Pharmaceuticals
Household Goods
Others
Market Breakup by Country
United States
Canada
Competitive Landscape
Key players are engaged in product development to gain a competitive edge in the market.
Shell Plc
Exxon Mobil Corporation
BASF SE
Chevron Phillips Chemical Company LLC
TotalEnergies SE
Toray Industries Inc.
Thermo Fisher Scientific Inc.
INEOS Capital Limited
Tokyo Chemical Industry Co., Ltd.
Others
The North America aromatic compounds market is a thriving segment within the chemical industry while witnessing robust growth and offering lucrative prospects for stakeholders. These compounds, characterised by their distinct fragrance, find extensive use in perfumes, cosmetics, pharmaceuticals, and food additives. Derived from both natural sources like plants and flowers and synthesised through chemical processes, aromatic compounds play a pivotal role in industries relying on sensory appeal.
Key players are investing in R&D to develop innovative aromatic compounds to meet evolving consumer preferences and regulatory standards. The market's growth is fuelled by factors such as increased demand for fragrances and flavours, especially in emerging economies like India and China, and expanding applications in various sectors like packaging, automotive, and electronics.
Aromatic compounds, derived from petroleum sources or coal tar, are witnessing heightened demand from industries such as paints and coatings, pharmaceuticals, and medical devices. Rising investments in R&D, particularly in major companies, and technological advancements are driving the North America aromatic compounds market development.
The U.S. dominates the aromatic compounds market, driven by increased R&D activities and demand for automotive coatings. The market is poised for growth, supported by expanding applications, technological advancements, and rising demand for lighter, fuel-efficient vehicle components made from aromatic compounds.
Opportunities for growth include the use of bio-based aromatics and technological advancements to reduce waste. Overall, the aromatic compounds market is expected to thrive, driven by increasing demand from various industries and advancements in production techniques.
Market Segmentation
North America Aromatic Compounds Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
Others
Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
Others
Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
Others
Others
Market Breakup by Application
Additive
Solvent
Market Breakup by End-Use
Detergent And Dyes
Paint and Coating
Pharmaceuticals
Household Goods
Others
Market Breakup by Country
United States
Canada
Competitive Landscape
Key players are engaged in product development to gain a competitive edge in the market.
Shell Plc
Exxon Mobil Corporation
BASF SE
Chevron Phillips Chemical Company LLC
TotalEnergies SE
Toray Industries Inc.
Thermo Fisher Scientific Inc.
INEOS Capital Limited
Tokyo Chemical Industry Co., Ltd.
Others
Table of Contents
122 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Aromatic Compounds Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Aromatic Compounds Historical Market (2018-2024)
- 5.3 Global Aromatic Compounds Market Forecast (2025-2034)
- 5.4 Global Aromatic Compounds Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Aromatic Compounds Market Analysis
- 6.1 Key Industry Highlights
- 6.2 North America Aromatic Compounds Historical Market (2018-2024)
- 6.3 North America Aromatic Compounds Market Forecast (2025-2034)
- 7 North America Aromatic Compounds Market by Type
- 7.1 Benzene
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.1.3 Breakup by Type
- 7.1.3.1 Ethylbenzene
- 7.1.3.2 Cumene
- 7.1.3.3 Cyclohexane
- 7.2 Xylene
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.2.3 Breakup by Type
- 7.2.3.1 P-Xylene
- 7.2.3.2 M-Xylene
- 7.2.3.3 O-Xylene
- 7.3 Toluene
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.3.3 Breakup by Type
- 7.3.3.1 Solvents
- 7.3.3.2 Toluene Diisocyanate
- 7.4 Others
- 8 North America Aromatic Compounds Market by Application
- 8.1 Additive
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Solvent
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 North America Aromatic Compounds Market by End Use
- 9.1 Detergent And Dyes
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Paint and Coating
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Pharmaceuticals
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Household Goods
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Others
- 10 North America Aromatic Compounds Market by Country
- 10.1 United States of America
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Canada
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Value Chain Analysis
- 13 Trade Data Analysis
- 13.1 Major Exporting Countries
- 13.1.1 By Value
- 13.1.2 By Volume
- 13.2 Major Importing Countries
- 13.2.1 By Value
- 13.2.2 By Volume
- 14 Price Analysis
- 14.1 Benzene Historical Price Trends (2018-2024) and Forecast (2025-2034)
- 14.2 Xylene Historical Price Trends (2018-2024) and Forecast (2025-2034)
- 14.3 Toluene Historical Price Trends (2018-2024) and Forecast (2025-2034)
- 15 Competitive Landscape
- 15.1 Supplier Selection
- 15.2 Key Global Players
- 15.3 Key Regional Players
- 15.4 Key Player Strategies
- 15.5 Company Profiles
- 15.5.1 Shell Plc
- 15.5.1.1 Company Overview
- 15.5.1.2 Product Portfolio
- 15.5.1.3 Demographic Reach and Achievements
- 15.5.1.4 Certifications
- 15.5.2 Exxon Mobil Corporation
- 15.5.2.1 Company Overview
- 15.5.2.2 Product Portfolio
- 15.5.2.3 Demographic Reach and Achievements
- 15.5.2.4 Certifications
- 15.5.3 BASF SE
- 15.5.3.1 Company Overview
- 15.5.3.2 Product Portfolio
- 15.5.3.3 Demographic Reach and Achievements
- 15.5.3.4 Certifications
- 15.5.4 Chevron Phillips Chemical Company LLC
- 15.5.4.1 Company Overview
- 15.5.4.2 Product Portfolio
- 15.5.4.3 Demographic Reach and Achievements
- 15.5.4.4 Certifications
- 15.5.5 TotalEnergies SE
- 15.5.5.1 Company Overview
- 15.5.5.2 Product Portfolio
- 15.5.5.3 Demographic Reach and Achievements
- 15.5.5.4 Certifications
- 15.5.6 Toray Industries Inc.
- 15.5.6.1 Company Overview
- 15.5.6.2 Product Portfolio
- 15.5.6.3 Demographic Reach and Achievements
- 15.5.6.4 Certifications
- 15.5.7 Thermo Fisher Scientific Inc.
- 15.5.7.1 Company Overview
- 15.5.7.2 Product Portfolio
- 15.5.7.3 Demographic Reach and Achievements
- 15.5.7.4 Certifications
- 15.5.8 INEOS Capital Limited
- 15.5.8.1 Company Overview
- 15.5.8.2 Product Portfolio
- 15.5.8.3 Demographic Reach and Achievements
- 15.5.8.4 Certifications
- 15.5.9 Tokyo Chemical Industry Co., Ltd.
- 15.5.9.1 Company Overview
- 15.5.9.2 Product Portfolio
- 15.5.9.3 Demographic Reach and Achievements
- 15.5.9.4 Certifications
- 15.5.10 Others
Pricing
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