The global aromatics market is forecast to reach USD 323.88 Billion by 2027, according to a new report by Reports and Data. Aromatics are those hydrocarbons that consists of hydrogen and carbon. They are formed from crude oil and in small quantities from coal. The most significant aromatics are Methylbenzene, benzene, and xylene. Aromatics are used in a wide range of consumer product as a starting material. They are durable, comfortable, lightweight, and safe in design.
Market Overview:
The materials and chemicals industry uses diverse raw materials, from air and minerals to oil to create an immense variety of products (such as petrochemicals, agrochemicals and fragrances). The chemical industry produce basic chemicals (sold within the chemical industry), specialty chemicals (for paints and inks, crop protection), and consumer chemicals (sold directly to public such as detergents). The development of digital technologies (such as advance analytics) and increasing environment concerns has led materials and chemicals industries to explore decarbonization technologies.
The global Aromatics market research report has been formulated with extensive primary and secondary research and also covers SWOT examination and Porter’s Five Forces Analysis to offer detailed analysis of the leading companies. The report also offers a detailed analysis of market share, market size, market volume and value, product portfolio, product development and advancement, technological upgrades, and segmentation based on types, application, end-use, and region.
Request Free Sample: https://www.reportsanddata.com/sample-enquiry-form/2560
Key participants include Exxon Mobile Corporation, SABIC, Shell Chemicals, Reliance Industries Limited, Dow, BP PLC, Canada Colors and Chemicals Limited, LyondellBasell, HCS Group GmbH, and Honeywell International Inc. among others.
Further key findings from the report suggest
• Styrene is a liquid hydrocarbon that is important mainly for its tendency to undergo polymerization. Styrene is produced from industrially produced or naturally extracted ethylbenzene, which is dehydrogenated in the presence of a catalyst to produce styrene. It is a key chemical ingredient in the production of polymers and synthetic rubbers.
• An aromatic solvent comprises of an aromatic hydrocarbon such as Methylbenzene, xylene, or naptha. These solvents are used primarily as diluents and solvents in several industrial fields. They are commonly used in adhesives, paints, varnishes, and as chemical intermediates.
• Aromatic solvents also finds its application as corrosion inhibitors in the oil and gas industry. These solvents are mostly generated through the distillation of crude petroleum stock in the oil refining industry.
• The increased application of aromatics in paints and coatings are also propelling market growth. The paints and coatings end-users held the largest market share. Some of the common aromatic hydrocarbon solvents used in the industry are ethylbenzene, benzene, Methylbenzene, mixed xylenes (BTEX), and high flash aromatic naphtha.
• The major demand for the market product is from Asia as most of the derivative units, such as phenol, styrene, gasoline, and PET, are lined up in that region. The automotive sectors and construction sector are emerging as a major driving sector for the region, which in turn is propelling market demand.
For the purpose of this report, Reports and Data have segmented into the global Aromatics market on the basis of type, application, end-user, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
• Benzene
• Methylbenzene
• P-Xylene
• Methylbenzene Diisocyanate and Methylenediphenyl Diisocyanate
• Cumene/Phenol
Read More: https://www.reportsanddata.com/report-detail/aromatics-market
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
• Solvent
• Additive
End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
• Paint and Coating
• Chemicals
• Adhesives
• Pharmaceuticals
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
• North America
• U.S
• Europe
• U.K
• France
• Asia Pacific
• China
• India
• Japan
• MEA
• Latin America
• Brazil
Ask For Discount: https://www.reportsanddata.com/discount-enquiry-form/2560
Reasons for Buying this Report:
• The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
• The study provides pin-point analysis for changing competitive dynamics.
• The report helps readers in understanding the product segments and their future growth.
• Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
• PEST analysis of the market in the five major regions.
Read More Related Reports:
Aluminum Caps & Closures Market Demands
Epoxy Primer Market Manufacture
Construction Film Market Trends
Cosmetic Antioxidants Market Analysis
Diamond Coatings Market Growth Rate
Thank you for reading your report. We also provide modified reports as per requirement of the customer. Please feel free to contact us for any additional requirements. Our team will provide you personalized report.
About Us:
Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com/
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Read More Related Reports:
Powder Coatings Market
Piling Machine Market
Fragrance Wax Melts Market
Polytetrafluoroethylene (PTFE) Fabrics Market
Surface Mining Market