Aromatics Market Demand, Growth Factors, Latest Rising Trend & Forecast to 2027 | Top Key Players – Exxon Mobile Corporation, SABIC, Shell Chemicals, etc
Research Reports
Jan 14, 2021
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Aromatics are an essential element in the blending of gasoline as it is the crucial source of octane. It is a hydrocarbon element which has delocalised electrons and sigma bonds between carbon atoms. It is an organic compound which is obtained from petroleum sources. It gives rise to smog when released in the atmosphere and is toxic to human beings. The global aromatics market size is forecast to reach USD 323.88 Billion from USD 197.27 Billion in 2018, delivering a CAGR of 5.6% through 2027.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Aromatics market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Aromatics business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of aromatics in the coatings and paints are driving the market. The increasing usage of bio-based aromatics will also supplement aromatics market revenue share through 2027
Regional Analysis:
North America had the largest share in the aromatics market in the base year because of the rising demand in the end-user industries such as coatings & paints, automotive, personal care, and construction. The growing product demand from the automotive industry in the U.S. will boost regional industry growth in the coming years.
Competitive Terrain:
The global Aromatics market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Aromatics market are listed below:
Exxon Mobile Corporation, SABIC, Shell Chemicals, Reliance Industries Limited, Dow, BP PLC, Canada Colors and Chemicals Limited, LyondellBasell, HCS Group GmbH, and Honeywell International Inc. among others.
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Benzene, Toluene, P-Xylene, Toluene Diisocyanate and Methylenediphenyl Diisocyanate, Cumene/Phenol
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Solvent, Additive
End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Paint and Coating, Chemicals, Adhesives, Pharmaceuticals
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Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Aromatics Market Segmentation & Impact Analysis
Chapter 5. Aromatics Market, By Type Insights & Trends
Chapter 6. Aromatics Market, By Application Insights & Trends
Chapter 7. Aromatics Market, By End Use Insights & Trends
Chapter 8. Aromatics Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
10.1. Exxon Mobile Corporation
10.2. SABIC
10.3. Shell Chemicals
10.4. Reliance Industries Limited
10.5. Dow
10.6. BP PLC
10.7. Canada Colors and Chemicals Limited
10.8. LyondellBasell
10.9. HCS Group GmbH
10.10. Honeywell International Inc.
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