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Global Aromatic Solvents Market 2017-2021

Global Aromatic Solvents Market 2017-2021

About Aromatic Solvents

Solvents are used to dissolve the solute, to form a solution. Water is the most common example of a solvent. The solvents bring out the properties of certain substances. Aromatic solvents are cyclic hydrocarbons containing an aromatic hydrocarbon. These are generally obtained by the distillation of crude petroleum stock in oil refining industries. They have strict regulations because of their impact on health and environment.

Technavio’s analysts forecast the global aromatic solvents market to grow at a CAGR of 3.03% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global aromatic solvents market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Aromatic Solvents Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Exxon Mobil
  • Pampa Energía
  • Reliance Industries
  • Shell International
  • SK global chemical
  • Total
Other prominent vendors
  • Arham Petrochem
  • Chevron Phillips Chemicals Company
  • DEZA
  • Eastman Chemical Company
  • Galp Energia
  • Ganga Rasayanie
  • Hanwha Group
  • Jiangsu Hualun
  • Kandla Energy & Chemicals
  • Korea Petrochemical Ind
  • Monument Chemical
  • S-OIL CORPORATION
  • VIRENT
Market driver
  • Demand and exports from APAC
  • For a full, detailed list, view our report
Market challenge
  • VOC and HAP regulations
  • For a full, detailed list, view our report
Market trend
  • Environment-friendly solvents
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Aromatic Solvents Market 2017-2021

Technavio recognizes the following companies as the key players in the global aromatic solvents market: Exxon Mobil, Pampa Energía, Reliance Industries, Shell International, SK global chemical, and Total.

Other Prominent Vendors in the market are: Arham Petrochem, Chevron Phillips Chemicals Company, DEZA, Eastman Chemical Company, Galp Energia, Ganga Rasayanie, Hanwha Group, Jiangsu Hualun, Kandla Energy & Chemicals, Korea Petrochemical Ind, Monument Chemical, S-OIL CORPORATION, and VIRENT

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is environment-friendly solvents. With the ongoing developments across the globe, in various industries, the demand for chemicals and solvents is increasing. Solvents have various applications in industries, and hence they are in demand.”

According to the report, one driver in the market is demand and exports from APAC. APAC held the largest share in the global aromatic solvents market both in terms of volume and revenue. This can be attributed to the demand and the exports made by this region. The production capacities of APAC, especially for benzene and its derivatives, are increasing. Therefore, the status of APAC in terms of export of benzene is increasing. In APAC, South Korea is the major exporter of benzene and its derivatives globally.

Further, the report states that one challenge in the market is VOC and HAP regulations. There are many regulations that may impact the market for solvents, especially for those that are used in paints and coatings. Many solvents are classified as VOCs or hazardous air pollutants (HAPs). As per regulations in different regions, the use of solvents classified as VOC or HAPs are restricted. VOCs are restricted because they undergo photochemical reaction with nitrogen oxides (NOx), resulting in ozone production in the troposphere.

Companies Mentioned

Exxon Mobil, Pampa Energía, Reliance Industries, Shell International, SK global chemical, and Total, Arham Petrochem, Chevron Phillips Chemicals Company, DEZA, Eastman Chemical Company, Galp Energia, Ganga Rasayanie, Hanwha Group, Jiangsu Hualun, Kandla Energy & Chemicals, Korea Petrochemical Ind, Monument Chemical, S-OIL CORPORATION, and VIRENT

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Applications of solvents
      • Table Classification of solvents based on chemical composition
      • Table Classification of hydrocarbons
  • Market landscape
    • Global aromatic solvents market
      • Table Global aromatic solvents market 2016 and 2021
      • Table Market forecast: Global aromatic solvents market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Overview: Global aromatic solvents market by product
      • Table Global aromatic solvents market by product 2016 (% share of revenue)
      • Table Global aromatic solvents market by product 2021 (% share of revenue)
    • Global toluene market
      • Table Global aromatic solvents market for toluene 2016 and 2021 ($ millions)
      • Table Market forecast: Global aromatic solvents market for toluene 2016-2021
    • Global xylene market
      • Table Global aromatic solvents market for xylene 2016 and 2021 ($ millions)
      • Table Market forecast: Global aromatic solvents market for xylene 2016-2021
      • Table Forms of xylene
    • Global ethylbenzene market
      • Table Global aromatic solvents market for ethylbenzene 2016 and 2021 ($ millions)
      • Table Market forecast: Global aromatic solvents market for ethylbenzene 2016-2021
    • Global benzene market
      • Table Global aromatic solvents market for benzene 2016 and 2021 ($ millions)
      • Table Market forecast: Global aromatic solvents market for benzene 2016-2021
    • Global market for other aromatic solvents
      • Table Global market for other aromatic solvents 2016 and 2021 ($ millions)
      • Table Market forecast: Global market for other aromatic solvents 2016-2021
      • Table Other aromatic solvents and their applications
  • Market segmentation by end-user
    • Overview: Global aromatic solvents market by end-user
      • Table Global aromatic market by end-user 2016 (% share of revenue)
      • Table Global aromatic market by end-user 20121 (% share of revenue)
    • Global aromatic solvents market for paints and coatings
      • Table Global aromatic solvents market for paints and coatings 2016 and 2021 ($ millions)
      • Table Market forecast: Global aromatic solvents market for paints and coatings 2016-2021
    • Global aromatic solvents market for automotive
      • Table Global aromatic solvents market for automotive 2016 and 2021 ($ millions)
      • Table Market forecast: Global aromatic solvents market for automotive 2016-2021
    • Global aromatic solvents market for pharmaceutical
      • Table Global aromatic solvents market for pharmaceutical 2016 and 2021 ($ millions)
      • Table Market forecast: Global aromatic solvents market for pharmaceutical 2016-2021
    • Global aromatic solvents market for oilfield chemical
      • Table Global aromatic solvents market for oilfield chemical 2016 and 2021 ($ millions)
      • Table Market forecast: Global aromatic solvents market for oilfield chemical 2016-2021
    • Global aromatic solvents market for other enduser industries
      • Table Global aromatic solvents market for other end-user industries 2016 and 2021 ($millions)
      • Table Market forecast: Global aromatic solvents market for other end-user industries2016-2021
  • Geographical segmentation
    • Overview: Global aromatic solvents market by geography
      • Table Global aromatic solvents market by geography 2016 (% share of revenue)
      • Table Global aromatic solvents market by geography 2021 (% share of revenue)
    • Aromatic solvents market in APAC
      • Table Aromatic solvents market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Aromatic solvents market in APAC 2016-2021
    • Aromatic solvents market in North America
      • Table Aromatic solvents market in North America 2016 and 2021 ($ millions)
      • Table Market forecast: Aromatic solvents market in North America 2016-2021
      • Table Some of the US air quality regulations
    • Aromatic solvents market in Europe
      • Table Aromatic solvents market in Europe 2016 and 2021 ($ millions)
      • Table Market Forecast: Aromatic solvents market in Europe 2016-2021
    • Aromatic solvents market in ROW
      • Table Aromatic solvents market in ROW 2016 and 2021 ($ millions)
      • Table Market forecast: Aromatic solvents market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table South Korean vendors
    • Market challenges
      • Table Aromatic solvents and their sources
      • Table Crude oil prices 2012-2017 ($ per barrel)
      • Table Health effects of some aromatic solvents
      • Table Companies providing alternatives of aromatic solvents
  • Market trends
    • Environment-friendly solvents
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Exxon Mobil
      • Table Exxon Mobil: Products and services
      • Table Exxon Mobil: Business segmentation
      • Table Exxon Mobil: Business segmentation by revenue 2016
      • Table Exxon Mobil: Geographical segmentation by revenue 2016
      • Table Exxon Mobil: Products for hydrocarbon fluids
      • Table Exxon Mobil: Applications of Solvesso aromatic fluids
      • Table Key recent developments
    • Pampa Energía
      • Table Pampa Energía: Business segmentation by sales 2016
      • Table Pampa Energía: Business segmentation by revenue 2016
      • Table Key recent developments
    • Reliance Industries
      • Table Reliance Industries: Business segmentation by revenue 2016
      • Table Reliance Industries: Geographic segmentation by revenue 2016
      • Table Reliance Industries: Sub-segments of petroleum product segment
    • Shell International
      • Table Shell International: Business segmentation by revenue 2016
      • Table Shell International: Business customers
      • Table Shell International: Geographic segmentation by revenue 2016
      • Table Shell International: Solvents: Hydrocarbons
      • Table Shell International: Solvents: Hydrocarbons- Aromatic solvents
    • SK global chemical
      • Table SK global chemical: Business segments
      • Table SK global chemical: Products and their applications
      • Table Key recent developments
    • Total
      • Table Total: Business segmentation by revenue 2016
      • Table Total: Geographic segmentation by revenue 2016
      • Table Total: Expertise segments
      • Table Total Special Fluids: Products
      • Table Total: Pure products and their applications
  • Appendix
    • List of abbreviations
  • Explore Technavio

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