Global Aromatic Solvents Market to reach USD XX billion by 2027.Global Aromatic Solvents Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Aromatic solvent is a sort of hydrocarbon which comprises of single bonds and alternating double bonds between carbon atoms, which develops rings. Aromatic solvents act as powerful solvents for organic liquids. Increasing demand from the construction and automotive sectors and rising demand for aromatic solvents from the paints & coatings are the factors which are driving the growth of Aromatic Solvents market. Furthermore, rising opportunities from the developing economies will be anticipating the growth of market in forecasted period. For instance: In August 2021, Brenntag acquired US-based solvents distributor Matrix Chemical. This strategy will increase market opportunities for the company and company will deliver a variety of core products to customers more efficiently, economically and with sustainable processing. However, adverse health effects of Aromatic Solvents may impede market growth over the forecast period of 2021-2027.

Global Aromatic Solvents market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a significant region across the world in terms of market share due to the presence of key market players of automobile manufacturers in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing research and development in the industrial sector in the region.
Major market player included in this report are:
China Petroleum and Chemical Corporation
Royal Dutch Shell Plc
ExxonMobil Corporation
LyondellBasell Industries Holdings B.V.
BASF SE
SK Global Chemical Co., Ltd.
China National Petroleum Corporation
Reliance Industries Limited
Chinese Petroleum Corporation
Total S.A.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Toluene Solvents
Xylene Solvents
Ethylbenzene Solvents
By Applications
Paints & Coatings
Adhesives
Printing Inks
Cleaning & Degreasing
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Aromatic Solvents Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors