List of Contents

Aromatic Solvents Market Size, Share, and Trends 2024 to 2034

Aromatic Solvents Market Size, Share and Growth Analysis (By Product: Benzene, Xylene, Toluene, and Others; By Application: Pharmaceuticals, Automotive, Oilfield Chemicals, Paints & Coatings, and Others) - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2024 - 2034

  • Last Updated : August 2024
  • Report Code : 1267
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Aromatic Solvents Market, By Product

7.1. Aromatic Solvents Market, by Product Type, 2024-2034

7.1.1. Benzene

7.1.1.1. Market Revenue and Forecast (2021-2034)

7.1.2. Xylene

7.1.2.1. Market Revenue and Forecast (2021-2034)

7.1.3. Toluene

7.1.3.1. Market Revenue and Forecast (2021-2034)

7.1.4. Others

7.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 8. Global Aromatic Solvents Market, By Application

8.1. Aromatic Solvents Market, by Application, 2024-2034

8.1.1. Pharmaceuticals

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Automotive

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Oilfield Chemicals

8.1.3.1. Market Revenue and Forecast (2021-2034)

8.1.4. Paints & Coatings

8.1.4.1. Market Revenue and Forecast (2021-2034)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Aromatic Solvents Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2021-2034)

9.1.2. Market Revenue and Forecast, by Application (2021-2034)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.1.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.1.4.2. Market Revenue and Forecast, by Application (2021-2034)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2021-2034)

9.2.2. Market Revenue and Forecast, by Application (2021-2034)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.2.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.2.4.2. Market Revenue and Forecast, by Application (2021-2034)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2021-2034)

9.2.5.2. Market Revenue and Forecast, by Application (2021-2034)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2021-2034)

9.2.6.2. Market Revenue and Forecast, by Application (2021-2034)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.3.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.3.4.2. Market Revenue and Forecast, by Application (2021-2034)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2021-2034)

9.3.5.2. Market Revenue and Forecast, by Application (2021-2034)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2021-2034)

9.3.6.2. Market Revenue and Forecast, by Application (2021-2034)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.4.2. Market Revenue and Forecast, by Application (2021-2034)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.4.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.4.4.2. Market Revenue and Forecast, by Application (2021-2034)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2021-2034)

9.4.5.2. Market Revenue and Forecast, by Application (2021-2034)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2021-2034)

9.4.6.2. Market Revenue and Forecast, by Application (2021-2034)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2021-2034)

9.5.2. Market Revenue and Forecast, by Application (2021-2034)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2021-2034)

9.5.3.2. Market Revenue and Forecast, by Application (2021-2034)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2021-2034)

9.5.4.2. Market Revenue and Forecast, by Application (2021-2034)

Chapter 10. Company Profiles

10.1. Exxon Mobil Corporation

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. China Petroleum & Chemical Corporation

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. SK Global Chemical Co., Ltd.

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. BASF SE

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Royal Dutch Shell PLC

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Lyondellbasell Industries Holdings B.V.

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Reliance Industries Limited (RIL)

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. China National Petroleum Corporation (CNPC)

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Chinese Petroleum Corporation (CPC)

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. Total S.A.

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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Frequently Asked Questions

The aromatic solvents market was valued at USD 7.56 billion in 2023 and is projected to hit around USD 12.66 billion by 2034.

The aromatic solvents market is growing at a CAGR of 4.8% from 2024 to 2034.

The spontaneous growth in the automotive sector further aids in the profound growth of the aromatic solvents market. Rising demand for electric vehicles along with autonomous vehicles expected to further boost the sales in automotive sector that spurs the demand for aromatic solvents consequently. The automotive industry is on the verse of massive transformation that is shaping the future of automotive sales such as shared mobility, alternative drivetrains, connectivity, and many others. As per International Energy Agency (IEA), automotive sales were 80 million units in the year 2017 and the figure expected to reach billions of units in the coming years. Hence, the prominent growth in the automotive industry results in the market growth of aromatic solvents market.

Toluene accounted to hold majority of the revenue share of approximately 50% in the year 2023 and expected to seek significant growth over the forecast period.

The regions are included in the aromatic solvent market includes north america, europe, asia pacific, latin america, and middle east & africa (MEA).

Some of the key players in the global aromatic solvents market are Exxon Mobil Corporation, China Petroleum & Chemical Corporation, SK Global Chemical Co., Ltd., BASF SE, Royal Dutch Shell PLC, Lyondellbasell Industries Holdings B.V., Reliance Industries Limited (RIL), China National Petroleum Corporation (CNPC), Chinese Petroleum Corporation (CPC), and Total S.A.among others.

The application segments in the aromatic solvents market are pharmaceuticals, automotive, oilfield chemicals paints & coatings and others.

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