Aromatic Solvent Market, By Product Type (Xylene, Toluene and Ethylbenzene), By Application (Printing Inks, Paints & Coatings and Adhesives), By Nature and Geography (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) Analysis, Share, Trends, Size, & Forecast from 2014 2025
REPORT HIGHLIGHT
The Aromatic Solvent market was valued at USD 7.12 billion by 2018, growing with 2.9% CAGR during the forecast period, 2019-2025.
Market Dynamics
A solvent that contains an aromatic hydrocarbon such as toluene or naphtha is called an aromatic solvent. Such organic chemicals are generated through the distillation of crude petroleum in the oil refining factories. The major factors which benefit the global aromatic solvents market include increasing prices of crude oil and strong growth in the oil & gas industry. Since the automotive industry is growing all over the world, it is also increasing the demand for sealants and adhesives, which in turn is giving rise to the product demand.
Aromatic solvents are most extensively used in the ink and paints & coatings industry as constituents. They liquefy the pigments and binding agents and make them homogeneous so as to create a solution. Hence, the rising utilization of this chemical in the paints & coatings industry is projected to drive the growth of the market over the next few years. Additionally, these aromatic solvents are also utilized in the pharmaceuticals industry in the course of drug formulation and the synthesis of active substances and excipients, and also in the automotive industry. This offers huge opportunities for the worldwide aromatic solvents market. However, owing to the toxicity issue, the key industries are changing their preferences towards non-aromatic, bio-based, and water-based solvents creating limitations in the industry growth to a little extent. Severe environmental regulations due to volatile organic compound (VOC) emissions from aromatic solvents are also a key factor in creating obstructions for growth.
Product Type Takeaway
Depending upon product types, the industry is divided into xylene, toluene, and benzene. Of these, toluene product is estimated to be growing at the highest growth rate as opposed to the other product segments. Toluene segment leads for more than 40% of the overall aromatic solvents market in terms of volume. In contrast, the growth of benzene product segments is expected to be declining on account of its toxicity and subsequent health-related concerns.
Application Takeaway
On the basis of applications, the market is segmented into pharmaceuticals, perfumes, adhesives & sealants, electronics, oilfield chemicals, paints & coatings, automotive, cosmetics textiles, and pesticides. The paints & coatings industry witnessed huge demand in 2018. This segment gave rise to more than 50% of the overall aromatic solvents market by volume. Aromatic solvents also find huge applications in sealants and adhesives. Even though these solvents aid in the maintenance of best evaporation rates of adhesives, they similarly aid in maintaining the ideal background of the adhesive polymers on the base surfaces. However, the advancement of light aromatic fluids is anticipated to diminish the potential dangers caused by aromatic solvents. This, in turn, results in abundant prospects for industry development.
Nature Segment Takeaway
Based on nature, the industry is characterized by polar and non-polar. Their polarity is measured by the use of dielectric constant. The solvents having the dielectric constant less than 15 are called non-polar, while the others are called polar types. A few examples of non-polar products include chloroform, hexane, pentane, and toluene, whereas, examples of polar solvents include acetone, ethyl acetate, ethanol, acetic acid, water, formic acid, propylene carbonate, and methanol. A significant property of these solvents is the boiling point that decides their evaporation speed.
Key Vendors Takeaway
The global aromatic solvents are moderately fragmented in nature. The major industry participants include BASF, Haltermann Carless UK Limited, LyondellBasell Industries N.V., Honeywell International, Ashland Incorporated, Eastman Chemical Company, Oil Refineries Limited, Royal Dutch Shell, INEOS, Exxon Mobil Corporation, Celanese Corporation, Huntsman International, and DEZA.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 to 2017
- Base Year – 2018
- Estimated Year – 2019
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT TYPES
- Xylene
- Toluene
- Ethylbenzene
MARKET, BY APPLICATION
- Printing Inks
- Paints & Coatings
- Adhesives
- Others
MARKET, BY NATURE
- Polar
- Non-Polar
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. AROMATIC SOLVENT MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product Type
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Nature
2.1.4. Market Snippet by Region
2.2. Competitive Insights
3. AROMATIC SOLVENT KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. AROMATIC SOLVENT INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. AROMATIC SOLVENT MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. AROMATIC SOLVENT MARKET – BY PRODUCT TYPE
6.1. Overview
6.1.1. Segment Share Analysis, By Product Type, 2018 & 2025 (%)
6.2. Xylene
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Toluene
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Ethylbenzene
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. AROMATIC SOLVENT MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2018 & 2025 (%)
7.2. Printing Inks
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Paints & Coatings
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Adhesives
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Others
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. AROMATIC SOLVENT MARKET – BY NATURE
8.1. Overview
8.1.1. Segment Share Analysis, By Nature, 2018 & 2025 (%)
8.2. Polar
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Non-Polar
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. AROMATIC SOLVENT MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Region, 2018 & 2025 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.2.4. North America Market Size and Forecast, By Product Type, 2014 – 2025 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.2.6. North America Market Size and Forecast, By Nature, 2014 – 2025 (US$ Million)
9.2.7. U.S.
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.2.8. Canada
9.2.8.1. Overview
9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Product Type, 2014 – 2025 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.3.6. Europe Market Size and Forecast, By Nature, 2014 – 2025 (US$ Million)
9.3.7. Germany
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.8. Italy
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.9. United Kingdom
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.10. France
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.11. Rest of Europe
9.3.11.1. Overview
9.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Product Type, 2014 – 2025 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.4.6. Asia Pacific Market Size and Forecast, By Nature, 2014 – 2025 (US$ Million)
9.4.7. India
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.8. China
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.9. Japan
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.10. South Korea
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.11. Rest of APAC
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Product Type, 2014 – 2025 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.5.6. Latin America Market Size and Forecast, By Nature, 2014 – 2025 (US$ Million)
9.5.7. Brazil
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.8. Mexico
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.9. Argentina
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Product Type, 2014 – 2025 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.6.6. Middle East and Africa Market Size and Forecast, By Nature, 2014 – 2025 (US$ Million)
9.6.7. Saudi Arabia
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.6.8. United Arab Emirates
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. BASF SE
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Haltermann Carless UK Limited
10.3. LyondellBasell Industries N.V.
10.4. Honeywell International
10.5. Ashland Incorporated
10.6. Eastman Chemical Company
10.7. Oil Refineries Limited
10.8. Royal Dutch Shell
10.9. INEOS
10.10. Exxon Mobil Corporation
10.11. Celanese Corporation
10.12. Huntsman International
10.13. DEZA
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Aromatic Solvent market: Product Type snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Product Type
TABLE Global Aromatic Solvent market, by Product Type 2014-2025 (USD Million)
TABLE Aromatic Solvent market: Application Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Aromatic Solvent market, by Application 2014-2025 (USD Million)
TABLE Aromatic Solvent market: Nature snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Nature
TABLE Global Aromatic Solvent market, by Nature 2014-2025 (USD Million)
TABLE Aromatic Solvent market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Aromatic Solvent market, by Region 2014-2025 (USD Million)
TABLE North America Aromatic Solvent market, by Country, 2014-2025 (USD Million)
TABLE North America Aromatic Solvent market, by Product Type, 2014-2025 (USD Million)
TABLE North America Aromatic Solvent market, by Application, 2014-2025 (USD Million)
TABLE North America Aromatic Solvent market, by Nature, 2014-2025 (USD Million)
TABLE Europe Aromatic Solvent market, by country, 2014-2025 (USD Million)
TABLE Europe Aromatic Solvent market, by Product Type, 2014-2025 (USD Million)
TABLE Europe Aromatic Solvent market, by Application, 2014-2025 (USD Million)
TABLE Europe Aromatic Solvent market, by Nature, 2014-2025 (USD Million)
TABLE Asia Pacific Aromatic Solvent market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Aromatic Solvent market, by Product Type, 2014-2025 (USD Million)
TABLE Asia Pacific Aromatic Solvent market, by Application, 2014-2025 (USD Million)
TABLE Asia Pacific Aromatic Solvent market, by Nature, 2014-2025 (USD Million)
TABLE Latin America Aromatic Solvent market, by country, 2014-2025 (USD Million)
TABLE Latin America Aromatic Solvent market, by Product Type, 2014-2025 (USD Million)
TABLE Latin America Aromatic Solvent market, by Application, 2014-2025 (USD Million)
TABLE Latin America Aromatic Solvent market, by Nature, 2014-2025 (USD Million)
TABLE Middle East and Africa Aromatic Solvent market, by country, 2014-2025 (USD Million)
TABLE Middle East and Africa Aromatic Solvent market, by Product Type, 2014-2025 (USD Million)
TABLE Middle East and Africa Aromatic Solvent market, by Application, 2014-2025 (USD Million)
TABLE Middle East and Africa Aromatic Solvent market, by Nature, 2014-2025 (USD Million)
List of Figures
FIGURE Aromatic Solvent market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Product Type segment market share analysis, 2018 & 2025
FIGURE Product Type segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Xylene market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Toluene market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Ethylbenzene market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2018 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Printing Inks market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Paints & Coatings market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Adhesives market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Nature segment market share analysis, 2018 & 2025
FIGURE Nature segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Polar market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Non-polar market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2018 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Aromatic Solvent market share and leading players, 2018
FIGURE Europe Aromatic Solvent market share and leading players, 2018
FIGURE Asia Pacific Aromatic Solvent market share and leading players, 2018
FIGURE Latin America Aromatic Solvent market share and leading players, 2018
FIGURE Middle East and Africa Aromatic Solvent market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Spain market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Italy market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE UK market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE France market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Japan market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE South Korea market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Singapore market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of APAC market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market share analysis by country, 2018
FIGURE Brazil market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Mexico market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Argentina market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of LATAM market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market share analysis by country, 2018
FIGURE Saudi Arabia market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE United Arab Emirates market size, forecast and trend analysis, 2014 to 2025 (USD Million)
