Aromatic Solvents Market

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Aromatic Solvents MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Aromatic Solvents MARKET 2020
Aromatic Solvents Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
Aromatic solvents are used in various
applications such as paints and coatings,
automobile, electronics, adhesives sealants,
and textiles among others. The growing demand
from the developing region throughout the globe
are the major factors driving the global market
of aromatic solvents. The growing government
investments in the infrastructural development
coupled with the augmenting demand from the
automobile sector are other factors contributing
to the growth of the market. Among the various
application sector paints and coatings is the
dominant segment and expected to show the same
trend during the forecast years. Aromatic
solvents are extensively used as diluents and
thinner in the paints and coatings industry.
Furthermore, they are used to dissolve resins,
pigments, and binding agents for efficient drying
and curing of paints and coatings.
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Aromatic Solvents MARKET 2020
Market Segmentation The global aromatic
solvents market is segmented into product, type,
and application. On the basis of the material,
the market is segmented into benzene, toluene,
xylene, and solvent naptha. On the basis of the
application, the global aromatic solvents market
is segmented into pharmaceuticals, oilfield
chemicals, automotive, paints and coatings,
pesticides, textiles, electronics, adhesives and
sealants, cosmetics, and others. Enquiry of
the Report https//www.marketresearchfuture.com/e
nquiry/5412
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Aromatic Solvents MARKET 2020
Regional Analysis
The global aromatic solvents market is spanned
across five key regions Asia Pacific, North
America, Europe, Latin America, and the Middle
East Africa. Among these, Asia Pacific holds a
major portion of the global market and is
anticipated to continue its dominance during the
forecast period. The developing end-user
industries in the region such as construction and
automotive is expected to fuel the market growth.
Moreover, the favorable government regulation has
resulted in the shifting of the manufacturing
base in the Asia Pacific region which has further
propelled the market growth. The major counties
attributing to the growth of aromatic solvents in
this region are India, China, and Japan. North
America is the dominant region for the market of
aromatic solvents. The developed end-user
industries coupled with the growing adoption of
aromatic solvents are the major factors
contributing to the growth of the market. In
addition to this, the shale gas boom has
augmented the oil and gas activities in the
region which in turn is fuelling the growth of
the aromatic solvents market owing to its use in
wells and pipelines. The major countries
attributing to this growth are the U.S. and
Canada. European market of aromatic solvents is
mainly driven by the developed automobile and
electronics industry. Moreover, the increasing
use of aromatic solvents in the construction
sector is also substantially adding to the growth
of the market. The major countries attributing to
this growth are Germany, Spain, France, and Italy
among others.
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om/reports/aromatic-solvents-market-5412
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Aromatic Solvents MARKET 2020
Application Major Players in this Research
Aromatic Solvents Market Prominent Players Some
of the prominent players operating in the Global
aromatic solvents market are Exxon Mobil
Corporation (U.S.), Celanese Corporation (U.S.),
Royal Dutch Shell plc (U.K) , Eastman Chemical
Company (U.S.), BASF SE (Germany), LyondellBasell
Industries Holdings B.V (Netherland), Chevron
Phillips Chemical Company LLC (U.S), Honeywell
International Inc (U.S.), Sasol Ltd and Ineos AG
among others.
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chfuture.com/sample_request/5412
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