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Aromatic Solvents Market by Type (Toluene, Xylene, Ethylbenzene), Application (Paints & Coatings, Printing Inks, Adhesives, Metal Cleaning) and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2023

Aromatic Solvents Market by Type (Toluene, Xylene, Ethylbenzene), Application (Paints & Coatings, Printing Inks, Adhesives, Metal Cleaning) and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2023
The aromatic solvents market is projected to register a CAGR of 2.66%
The aromatic solvents market is projected to grow from USD 7.27 billion in 2018 to USD 8.29 billion by 2023, at a CAGR of 2.66% during the forecast period. The growth in the automotive and construction industries is expected to drive the demand for aromatic solvents during the forecast period. The harmful effects of aromatic solvents act as a challenge for the market growth.

The paints & coatings application is expected to lead the aromatic solvents market during the forecast period, in terms of both value and volume
By application, the paints & coatings segment is expected to lead the aromatic solvents market during the forecast period. This is due to the demand for construction chemicals in the paints & coatings application. In addition, the rapid growth in population and the growing automotive industry in the region are expected to boost the aromatic solvents market in the paints & coatings application. In addition, the growth of the automotive, OEM, machinery, and appliances markets, globally are expected to drive demand for aromatic solvents in this application during the forecast period.

Asia Pacific is projected to lead the aromatic solvents market between 2018 and 2023, in terms of both value and volume
The aromatic solvents market has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is expected to lead the aromatic solvents market during the forecast period, owing to the increased manufacturing base of aromatic solvents in the economies such as China, India, and South Korea. In addition, rapid industrialization and urbanization accompanied by the rising demand for automobiles are expected to contribute to the growth of the aromatic solvents market in the region. The rapid growth in building & construction activities is also expected to drive the demand for aromatic solvents in the paints & coatings application.

Breakdown of Primaries:
Primary interviews have been conducted with a number of industry experts to obtain information related to the aromatic solvents market. The breakdown of primary interviews has been depicted below:
By Company Type: Tier 1 - 31%, Tier 2 - 46%, and Tier 3 - 23%
By Designation: C-Level Executives - 11%, Directors - 22%, and Others - 67%
By Region: Asia Pacific - 56%, North America - 22%, Europe - 11%, and RoW - 11%

Key companies supplying aromatic solvents are:
China Petroleum and Chemical Corporation (China),
Royal Dutch Shell Plc. (Netherlands)
BASF SE (Germany)
ExxonMobil Corporation (US)
LyondellBasell Industries Holdings B.V. (Netherlands)
SK Global Chemical Co., Ltd. (South Korea)
China National Petroleum Corporation (China)
Reliance Industries Limited (India)
Chinese Petroleum Corporation (Taiwan)
Total S.A. (France)

Research Coverage
This report segments the aromatic solvents market on the basis of product type, application, and region. It provides estimations for the overall value of the aromatic solvents market and its subsegments across various regions. A detailed analysis of the key players in the aromatic solvents market has been conducted to provide insights into their businesses, products & services offered, key growth strategies adopted, and recent developments undertaken by them, such as expansions, acquisitions, and agreements.

Reasons to Buy the Report:
This report is expected to help leaders/new entrants in the aromatic solvents market in the following ways:
Provide a better understanding of the aromatic solvents market
Provide information on the drivers, restraints, challenges, and opportunities influencing the growth of the aromatic solvents market
Gain insights regarding competitors and their positions in the aromatic solvents market


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
      • CURRENCY
      • UNIT CONSIDERED
      • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE AROMATIC SOLVENTS MARKET
    • AROMATIC SOLVENTS MARKET, BY REGION, 2018–2023
    • AROMATIC SOLVENTS MARKET, BY REGION
    • AROMATIC SOLVENTS MARKET, BY PRODUCT TYPE
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
        • Table TOP 10 ECONOMIES BY GDP IN PPP TERMS, 2017
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS: AROMATIC SOLVENTS MARKET
      • THREAT 0F NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • MACROECONOMIC INDICATORS
      • GDP OF MAJOR ECONOMIES IN TERMS OF PPP
        • Table GDP OF MAJOR ECONOMIES, IN TERMS OF PPP, 2016-2023 (USD BILLION)
      • TRENDS AND FORECAST OF AUTOMOTIVE INDUSTRY AND ITS IMPACT ON SOLVENTS MARKET
  • AROMATIC SOLVENTS MARKET, BY TYPE
    • INTRODUCTION
      • Table AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (KILOTON)
      • Table AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (USD MILLION)
      • AROMATIC SOLVENTS
        • Table TOLUENE : GENERAL PROPERTIES
        • Table TOLUENE SOLVENTS MARKET SIZE, BY REGION, 2016–2023 (KILOTON)
        • Table TOLUENE SOLVENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
        • Table XYLENE SOLVENTS MARKET SIZE, BY REGION, 2016–2023 (KILOTON)
        • Table XYLENE SOLVENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
        • Table PARA-XYLENE : GENERAL PROPERTIES
        • Table MIXED-XYLENE : GENERAL PROPERTIES
        • Table ETHYLBENZENE : GENERAL PROPERTIES
        • Table ETHYLBENZENE SOLVENTS MARKET SIZE, BY REGION, 2016–2023 (KILOTON)
        • Table ETHYLBENZENE SOLVENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • AROMATIC SOLVENTS MARKET, BY APPLICATION
    • INTRODUCTION
    • APPLICATIONS OF TOLUENE
      • Table TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • PAINTS & COATINGS
        • Table TOLUENE SOLVENTS MARKET SIZE IN PAINTS & COATINGS APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table TOLUENE SOLVENTS MARKET SIZE IN PAINTS & COATINGS APPLICATION, BY REGION, 2016–2023 (USD MILLION)
      • ADHESIVES
        • Table TOLUENE SOLVENTS MARKET SIZE IN ADHESIVES APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table TOLUENE SOLVENTS MARKET SIZE IN ADHESIVES APPLICATION, BY REGION, 2016–2023 (USD MILLION)
      • PRINTING INKS
        • Table TOLUENE SOLVENTS MARKET SIZE IN PRINTING INKS APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table TOLUENE SOLVENTS MARKET SIZE IN PRINTING INKS APPLICATION, BY REGION, 2016–2023 (USD MILLION)
      • OTHERS
        • Table TOLUENE SOLVENTS MARKET SIZE IN OTHERS APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table TOLUENE SOLVENTS MARKET SIZE IN OTHERS APPLICATION, BY REGION, 2016–2023 (USD MILLION)
    • APPLICATIONS OF XYLENE
      • Table XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • PAINTS & COATINGS
        • Table XYLENE SOLVENTS MARKET SIZE IN PAINTS & COATINGS APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table XYLENE SOLVENTS MARKET SIZE IN PAINTS & COATINGS APPLICATION, BY REGION, 2016–2023 (USD MILLION)
      • ADHESIVES
        • Table XYLENE SOLVENTS MARKET SIZE IN ADHESIVES APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table XYLENE SOLVENTS MARKET SIZE IN ADHESIVES APPLICATION, BY REGION, 2016–2023 (USD MILLION)
      • METAL CLEANING
        • Table XYLENE SOLVENTS MARKET SIZE IN METAL CLEANING APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table XYLENE SOLVENTS MARKET SIZE IN METAL CLEANING APPLICATION, BY REGION, 2016–2023 (USD MILLION)
      • OTHERS
        • Table XYLENE SOLVENTS MARKET SIZE IN OTHERS APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table XYLENE SOLVENTS MARKET SIZE IN OTHERS APPLICATION, BY REGION, 2016–2023 (USD MILLION)
    • APPLICATION OF ETHYLBENZENE
      • Table ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • PAINTS & COATINGS
        • Table ETHYLBENZENE SOLVENTS MARKET SIZE IN PAINTS & COATINGS APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table ETHYLBENZENE SOLVENTS MARKET SIZE IN PAINTS & COATINGS APPLICATION, BY REGION, 2016–2023 (USD MILLION)
      • METAL CLEANING
        • Table ETHYLBENZENE SOLVENTS MARKET SIZE IN METAL CLEANING APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table ETHYLBENZENE SOLVENTS MARKET SIZE IN METAL CLEANING APPLICATION, BY REGION, 2016–2023 (USD MILLION)
      • OTHERS
        • Table ETHYLBENZENE SOLVENTS MARKET SIZE IN OTHERS APPLICATION, BY REGION, 2016–2023 (KILOTON)
        • Table ETHYLBENZENE SOLVENTS MARKET SIZE IN OTHERS APPLICATION, BY REGION, 2016–2023 (USD MILLION)
  • AROMATIC SOLVENTS MARKET, BY REGION
    • INTRODUCTION
      • Table AROMATIC SOLVENTS MARKET SIZE, BY REGION, 2016–2023 (KILOTON)
      • Table AROMATIC SOLVENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • APAC
      • Table APAC: AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (KILOTON)
      • Table APAC: AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (USD MILLION)
      • Table APAC: TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table APAC: TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table APAC: XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table APAC: XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table APAC: ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table APAC: ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (KILOTON)
      • Table EUROPE: AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (USD MILLION)
      • Table EUROPE: TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table EUROPE: TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table EUROPE: XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table EUROPE: XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table EUROPE: ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table EUROPE: ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (KILOTON)
      • Table NORTH AMERICA: AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table NORTH AMERICA: TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table NORTH AMERICA: XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table NORTH AMERICA: ETHYLBENENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (KILOTON)
      • Table MIDDLE EAST & AFRICA: AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT YPE, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table MIDDLE EAST & AFRICA: TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table MIDDLE EAST & AFRICA: XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table MIDDLE EAST & AFRICA: ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (KILOTON)
      • Table SOUTH AMERICA: AROMATIC SOLVENTS MARKET SIZE, BY PRODUCT TYPE, 2016–2023 (USD MILLION)
      • Table SOUTH AMERICA: TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table SOUTH AMERICA: TOLUENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table SOUTH AMERICA: XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table SOUTH AMERICA: XYLENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table SOUTH AMERICA: ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016–2023 (KILOTON)
      • Table SOUTH AMERICA: ETHYLBENZENE SOLVENTS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING
      • CHINA PETROLEUM & CHEMICAL CORPORATION
      • EXXONMOBIL CORPORATION
      • SK GLOBAL CHEMICAL CO., LTD.
    • COMPETITIVE SITUATIONS & TRENDS
      • EXPANSIONS
        • Table EXPANSIONS, 2013–2018
      • AGREEMENTS
        • Table AGREEMENTS, 2013–2018
      • ACQUISITIONS
        • Table ACQUISITIONS, 2013–2018
  • COMPANY PROFILES
    • CHINA PETROLEUM & CHEMICAL CORPORTAION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • EXXONMOBIL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SK GLOBAL CHEMICAL CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ROYAL DUTCH SHELL PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BASF SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • CHINA NATIONAL PETROLEUM CORPORATION (CNPC)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • RELIANCE INDUSTRIES LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • TOTAL S.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • CHINESE PETROLEUM CORPORATION (CPC)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • OTHER MARKET PLAYERS
      • BHARAT PETROLEUM CORPORATION LIMITED
      • CHEVRON PHILLIPS CHEMICAL CO.
      • FORMOSA CHEMICALS & FIBRE CORPORATION
      • GOTHAM INDUSTRIES
      • HALTERMANN CARLESS
      • INDIAN OIL CORPORATION LIMITED
      • PON PURE CHEMICALS GROUP
      • RECOCHEM INC.
      • TOP SOLVENT CO., LTD.
      • W.M. BARR & COMPANY INC.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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