Aromatic Solvents Market_PPT
                     Aromatic Solvents MARKET 2020
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Aromatic Solvents MARKET 2020
Aromatic Solvents Market 2020: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Aromatic solvents are used in various applications such as paints and coatings, automobile, electronics, adhesives & sealants, and 
textiles among others. The growing demand from the developing region throughout the globe are the major factors driving the 
global market of aromatic solvents. The growing government investments in the infrastructural development coupled with the 
augmenting demand from the automobile sector are other factors contributing to the growth of the market. Among the various 
application sector paints and coatings is the dominant segment and expected to show the same trend during the forecast years. 
Aromatic solvents are extensively used as diluents and thinner in the paints and coatings industry. Furthermore, they are used to 
dissolve resins, pigments, and binding agents for efficient drying and curing of paints and coatings.
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Aromatic Solvents MARKET 2020
Market Segmentation:
The global aromatic solvents market is segmented into product, type, and application. On the basis of the material, the market is 
segmented into benzene, toluene, xylene, and solvent naptha. On the basis of the application, the global aromatic solvents market 
is segmented into pharmaceuticals, oilfield chemicals, automotive, paints and coatings, pesticides, textiles, electronics, adhesives 
and sealants, cosmetics, and others.
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Aromatic Solvents MARKET 2020
Regional Analysis
The global aromatic solvents market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and 
the Middle East & Africa. Among these, Asia Pacific holds a major portion of the global market and is anticipated to continue its 
dominance during the forecast period. The developing end-user industries in the region such as construction and automotive is 
expected to fuel the market growth. Moreover, the favorable government regulation has resulted in the shifting of the 
manufacturing base in the Asia Pacific region which has further propelled the market growth. The major counties attributing to the 
growth of aromatic solvents in this region are India, China, and Japan.  North America is the dominant region for the market of 
aromatic solvents. The developed end-user industries coupled with the growing adoption of aromatic solvents are the major 
factors contributing to the growth of the market. In addition to this, the shale gas boom has augmented the oil and gas activities in 
the region which in turn is fuelling the growth of the aromatic solvents market owing to its use in wells and pipelines. The major 
countries attributing to this growth are the U.S. and Canada. European market of aromatic solvents is mainly driven by the 
developed automobile and electronics industry. Moreover, the increasing use of aromatic solvents in the construction sector is also 
substantially adding to the growth of the market. The major countries attributing to this growth are Germany, Spain, France, and 
Italy among others.
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Aromatic Solvents MARKET 2020
Application & Major Players in this Research:
Aromatic Solvents Market Prominent Players:
Some of the prominent players operating in the Global aromatic solvents market are Exxon Mobil Corporation (U.S.), Celanese 
Corporation (U.S.), Royal Dutch Shell plc (U.K) , Eastman Chemical Company (U.S.), BASF SE (Germany), LyondellBasell Industries 
Holdings B.V (Netherland), Chevron Phillips Chemical Company LLC (U.S), Honeywell International Inc (U.S.), Sasol Ltd and Ineos 
AG among others.
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