Global Aromatic Solvents Market 2020-2024

Global Aromatic Solvents Market 2020-2024

Technavio has been monitoring the aromatic solvents market and it is poised to grow by USD 1.09 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on aromatic solvents market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the demand and exports from APAC and increasing demand for toluene. In addition, demand and exports from APAC is anticipated to boost the growth of the market as well.

The aromatic solvents market analysis includes end-user segment, type segment, and geographical landscapes

Technavio's aromatic solvents market is segmented as below:

By End-user

  • Paints and coatings
  • Automotive
  • Pharmaceuticals
  • Oilfield chemicals
  • Others
By Type
  • Toluene
  • Xylene
  • Ethylbenzene
  • Benzene
  • Others
By Geographical landscapes
  • APAC
  • North America
  • Europe
  • MEA
  • South America
This study identifies extensive use in the paints and coatings industry as one of the prime reasons driving the aromatic solvents market growth during the next few years. extensive use in the paints and coatings industry will lead to sizable demand in the market.

"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our aromatic solvents market covers the following areas:
  • Aromatic solvents market sizing
  • Aromatic solvents market forecast
  • Aromatic solvents market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aromatic solvents market vendors that include Chevron Phillips Chemical Co. LLC, Dongsung Corp., Exxon Mobil Corp., Hanwha Total Petrochemical Co. Ltd., Jiangsu Hualun Chemical Co. Ltd., Korea Petrochemical Ind. Co. Ltd., Pampa Energia SA, Reliance Industries Ltd., Royal Dutch Shell Plc, and SK global chemical Co. Ltd.. Also, the aromatic solvents market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
      • Table Value Chain Analysis: Specialty Chemicals
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • Support activities
      • Innovations
  • Market Sizing
    • Market definition
      • Parent market
      • Market in focus
      • Segmentation
        • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global aromatic solvents market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by End user
    • Market segments
      • Table End user - Market share 2019-2024 (%)
    • Comparison by End user
      • Table Comparison by End user
    • Paints and coatings - Market size and forecast 2019-2024
      • Table Paints and coatings - Market size and forecast 2019-2024 ($ million)
      • Table Paints and coatings market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Paints and coatings - Year-over-year growth 2019-2024 (%)
    • Automotive - Market size and forecast 2019-2024
      • Table Automotive - Market size and forecast 2019-2024 ($ million)
      • Table Automotive market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Automotive - Year-over-year growth 2019-2024 (%)
    • Pharmaceuticals - Market size and forecast 2019- 2024
      • Table Pharmaceuticals - Market size and forecast 2019-2024 ($ million)
      • Table Pharmaceuticals market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Pharmaceuticals - Year-over-year growth 2019-2024 (%)
    • Oilfield chemicals - Market size and forecast 2019-2024
      • Table Oilfield chemicals - Market size and forecast 2019-2024 ($ million)
      • Table Oilfield chemicals market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Oilfield chemicals - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ million)
      • Table Others market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by End user
      • Table Market opportunity by End user
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2019-2024 (%)
    • Comparison by Type
      • Table Comparison by Type
    • Toluene - Market size and forecast 2019-2024
      • Table Toluene - Market size and forecast 2019-2024 ($ million)
      • Table Toluene market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Toluene - Year-over-year growth 2019-2024 (%)
    • Xylene - Market size and forecast 2019-2024
      • Table Xylene - Market size and forecast 2019-2024 ($ million)
      • Table Xylene market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Xylene - Year-over-year growth 2019-2024 (%)
    • Ethylbenzene - Market size and forecast 2019- 2024
      • Table Ethylbenzene - Market size and forecast 2019-2024 ($ million)
      • Table Ethylbenzene market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Ethylbenzene - Year-over-year growth 2019-2024 (%)
    • Benzene - Market size and forecast 2019-2024
      • Table Benzene - Market size and forecast 2019-2024 ($ million)
      • Table Benzene market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Benzene - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ million)
      • Table Others market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America market 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography
  • Drivers, Challenges, and Trends
    • Volume driver-Demand led growth
      • Demand and exports from APAC
        • Table South Korean vendors
      • Extensive use in the paints and coatings industry
      • Increasing demand for toluene
    • Market challenges
      • Fluctuation in crude oil price
        • Table Aromatic solvents and their sources
      • Impact on health
        • Table Health effects of some aromatic solvents
      • VOC and HAP regulations
        • Table Impact of drivers and challenges
    • Market trends
      • Environment-friendly solvents
      • Expansion in PX production capacities in China
        • Table New PX plants in China
      • Introduction of new solvent extraction plants with electric double layer technology
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Chevron Phillips Chemical Co. LLC
      • Table Chevron Phillips Chemical Co. LLC - Overview
      • Table Chevron Phillips Chemical Co. LLC - Product and service
      • Table Chevron Phillips Chemical Co. LLC - Key news
      • Table Chevron Phillips Chemical Co. LLC - Key offerings
    • Dongsung Corp.
      • Table Dongsung Corp. - Overview
      • Table Dongsung Corp. - Product and service
      • Table Dongsung Corp. - Key offerings
    • Exxon Mobil Corp.
      • Table Exxon Mobil Corp. - Overview
      • Table Exxon Mobil Corp. - Business segments
      • Table Exxon Mobil Corp. - Key news
      • Table Exxon Mobil Corp. - Key offerings
      • Table Exxon Mobil Corp. - Segment focus
    • Hanwha Total Petrochemical Co. Ltd.
      • Table Hanwha Total Petrochemical Co. Ltd. - Overview
      • Table Hanwha Total Petrochemical Co. Ltd. - Product and service
      • Table Hanwha Total Petrochemical Co. Ltd. - Key offerings
    • Jiangsu Hualun Chemical Co. Ltd.
      • Table Jiangsu Hualun Chemical Co. Ltd. - Overview
      • Table Jiangsu Hualun Chemical Co. Ltd. - Product and service
      • Table Jiangsu Hualun Chemical Co. Ltd. - Key offerings
    • Korea Petrochemical Ind. Co. Ltd.
      • Table Korea Petrochemical Ind. Co. Ltd. - Overview
      • Table Korea Petrochemical Ind. Co. Ltd. - Product and service
      • Table Korea Petrochemical Ind. Co. Ltd. - Key offerings
    • Pampa Energia SA
      • Table Pampa Energia SA - Overview
      • Table Pampa Energia SA - Business segments
      • Table Pampa Energia SA - Key offerings
      • Table Pampa Energia SA - Segment focus
    • Reliance Industries Ltd.
      • Table Reliance Industries Ltd. - Overview
      • Table Reliance Industries Ltd. - Product and service
      • Table Reliance Industries Ltd. - Key news
      • Table Reliance Industries Ltd. - Key offerings
      • Table Reliance Industries Ltd. - Segment focus
    • Royal Dutch Shell Plc
      • Table Royal Dutch Shell Plc - Overview
      • Table Royal Dutch Shell Plc - Business segments
      • Table Royal Dutch Shell Plc - Key news
      • Table Royal Dutch Shell Plc - Key offerings
      • Table Royal Dutch Shell Plc - Segment focus
    • SK global chemical Co. Ltd.
      • Table SK global chemical Co. Ltd. - Overview
      • Table SK global chemical Co. Ltd. - Product and service
      • Table SK global chemical Co. Ltd. - Key news
      • Table SK global chemical Co. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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