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Aromatic Solvents Market Share
- Report ID: GMI761
- Published Date: Jul 2021
- Report Format: PDF
Aromatic Solvents Market Share
Key participants in the aromatic solvents industry are:
- Exxon Mobil Corporation
- Royal Dutch Shell plc
- UOP LLC
- Eastman Chemical Company
- Lyondellbasell Industries N.V
- BASF SE
- Chevron Phillips Chemical Company LLC.
Frequently Asked Questions (FAQ) :
The industry revenue of aromatic solvents had reached close to USD 5.7 billion in 2020 and will rise at a 4.4% CAGR up to 2027 driven by higher adoption in the paints & coatings sector.
The toluene product segment recorded more than 50% share in 2020 and will expand at a 4.6% growth rate up to 2027 owing to higher usage in adhesive applications.
Market revenue from paints & coatings applications is expected to surpass a valuation of USD 4.2 billion by 2027 due to the increasing need for diluents and thinners across several end-user industries.
The aromatic solvents industry in the Asia Pacific was responsible for a 53% revenue share in 2020 and will cross USD 4 billion by 2027 with the expanding construction sector in the region.
Aromatic Solvents Market Scope
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