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:
- Paints and coatings
- Oilfield chemicals
By Geographical landscapes
- North America
- 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.