The aromatic solvents are generally in the industries such as petrochemicals, paints, cleaners, dyes, and others. This is because of its application such as degreasers in aforementioned industries. The aromatic solvents are used in oil and gas industry, owing to their corrosion resistance property. The growing construction sector is expected to offer lucrative opportunities to the aromatic solvent market.
In addition, automotive industries are expected to witness growth during the forecast period, which is also expected to offer opportunities to the industrial participants. However, aliphatic solvents have better solvency as compared to aromatic solvents, which is hindering the aromatic solvent market growth.
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Aromatic solvents are basically used as corrosion inhibitor for protection of pipes at the time of fractional distillation process. The demand for aromatic solvents is increasing for paints and coatings application. This is attributed to growing industrialization and urbanization.
The report presents in-depth insights into each of the leading aromatic solvent market end user verticals along with annual forecasts to 2030. The report provides a revenue forecast with sales and sales growth rate of the global aromatic solvent market. The forecasts are also provided with respect to the market’s product, application, and regional segments. The forecasts are issued to understand the future outlook and prospects of the industry.
The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (the United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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The top 10 leading companies in the global aromatic solvent market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and products and services. The key players operating in the global aromatic solvent industry include LyondellBasell Industries Holdings B.V., BASF SE, SK Global Chemical Co., Ltd., China National Petroleum Corporation, Total S.A., China Petroleum and Chemical Corporation, Royal Dutch Shell Plc., ExxonMobil Corporation, Reliance Industries Limited, Chinese Petroleum Corporation.
The latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
Key Benefits
· The report provides a qualitative and quantitative analysis of the current aromatic solvent market trends, forecasts, and market size from 2021 to 2030 to determine the prevailing opportunities.
· Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
· Top impacting factors & major investment pockets are highlighted in the research.
· The major countries in each region are analyzed and their revenue contribution is mentioned.
· The market report also provides an understanding of the current position of the market players active in the aromatic solvent industry.
Highlights of the Report
– Competitive landscape of the aromatic solvent market.
– Revenue generated by each segment of the aromatic solvent market by 2030.
– Factors expected to drive and create new opportunities in the aromatic solvent industry.
– Strategies to gain sustainable growth of the market.
– Region that would create lucrative business opportunities during the forecast period.
– Top impacting factors of the aromatic solvent market.
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