Global Aromatics Market Size, Share, Outlook & Forecast 2018-2023

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Aromatics Market Trends, Size, Top 10 Key
Players Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Aromatics Market Research Report Global
Forecast to 2023
Market Overview / Study Objective / Synopsis
Aromatics are used in a wide variety of
applications, which is capable of offering
versatile nature, safety, and high performance to
the product. Thus, they are used in various
applications such as pharmaceuticals, automotive,
paints coating, oil gas, chemicals, and
others. The global aromatics market is spanned
across five regions of the world namely Asia
Pacific, Europe, North America, Latin America,
and the Middle East Africa. Among these, Asia
Pacific holds a major share of the global market
and is projected to continue leading, owing to
the increasing consumption of aromatics in
automotive, pharmaceuticals, paints coatings,
chemical, and others.
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Aromatics Market Research Report Global
Forecast to 2023
Competitive Analysis
The market by application is segregated into
pharmaceuticals, automotive, paints coating,
oil gas chemicals, and others. The paints
coatings segment is projected to expand at a
significant rate due to extensive consumption of
product as intermediates and solvent in end-use
applications. Moreover, the automotive industry
is projected to grow at a higher rate owing to
its growing consumption of aromatics in body
bumpers, lighting, dashboard, seats, upholstery,
fuel systems, and others are projected to drive
the aromatics market due to its excellent
performance and bio-compatible nature offered by
the product.
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Aromatics Market Research Report Global
Forecast to 2023
Top 10 Global key Players Their Strategy

• Eastman Chemical Company (U.S.)
• Ashland (U.S.),
• BASF SE (Germany),
• Huntsman Corporation (U.S.),
• Celanese Corporation (U.S.),
• Petrochem Carless Ltd.(U.K.),
• INEOS (Switzerland),
• The ExxonMobil Corporation (U.S.),
• Royal Dutch Shell plc(the Netherlands)
• Honeywell International Inc. (U.S.) among others.

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Aromatics Market Research Report Global
Forecast to 2023
Segmentation Analysis
The global aromatics market is segmented into
type and application. On the basis of product,
the market is segregated into benzene, toluene,
o-xylene, p-xylene, and rubber segments. The
market by application is further categorized into
paints coating, automotive, pharmaceuticals,
oil gas, chemicals, and others.
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Aromatics Market Research Report Global
Forecast to 2023
Regional Analysis
The North American region is growing
significantly due to growing demand for toluene
and benzene products in automotive, paints
coatings, and other industries. It is predicted
that growing investments in the end-use
industries is likely to drive the market during
the forecast period. The growing consumption of
products in end-use industries has propelled the
growth in countries such as the U.S, Canada, and
Mexico to achieve a stunning growth in the market
because they provide unique reliable nature,
safety, and high performance to the product.
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