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Aromatics Market

Aromatics - Global Market Outlook (2019-2027)

4.1 (81 reviews)
Published: June 2020 ID: SMRC19379
4.1 (81 reviews)
Published: June 2020 ID: SMRC19379

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Aromatics Market is accounted for $187.99 billion in 2019 and is expected to reach $335.27 billion by 2027 growing at a CAGR of 7.5% during the forecast period. Some of the key factors propelling the market growth include high demand for residential and commercial infrastructure, increased use in paint and coatings, and rise in demand from polyester manufacturers. However, rise in awareness among people for using plastic-free products and stringent government regulations are likely to hamper the market. Moreover, use of bio-based aromatics and advancements in technologies to reduce aromatics waste are expected to provide lucrative growth opportunities for the aromatics market.

Aromatics are organic chemical compounds that are characterized by circular planar conjugated ring structures and are known for their flexible and useful chemical properties. They are derived during the distillation of crude oil in refineries. Some examples of aromatic compounds include, benzene, toluene, aniline, cumene and others. It is used as a solvent for removing oil or grease, in paint industry; it used as thinner, and as an aromatic additive, it helps in reducing engines knocking.

By end user, the paint & coating segment is estimated to witness a significant growth owing to increasing building and infrastructure activities across the globe, thus demanding greater proportion of Aromatic in the industry. On the basis of geography, Asia-Pacific is the significant growing market, increase in a number of the construction projects have positively influenced the  paint & coatings industry, thus favouring aromatic market growth. In addition, increasing government funding and investment in the pharmaceutical industry is supporting the market growth of aromatic solvents. Further, the rise in the application of aromatic additive in adhesive and sealants for packaging is fueling market growth in this region.

Some of the key players in aromatics market include Сеlаnеѕе, Реtrосhеm Саrlеѕѕ, Canada Colors and Chemicals Limited, DuPont de Nemours, Inc., Еаѕtmаn Сhеmісаl, Аѕhlаnd, HCS Group GmbH, ІNЕОЅ, Exxon Mobil Corporation, ВАЅF, Нuntѕmаn, SABIC, Shell Chemicals, Honeywell International Inc, PetroChina Company Limited, LyondellBasell , Reliance Industries Ltd, China National Petroleum Corporation, Alpek S.A.B de C.V, and BP PLC.

Types Covered:
• Toluene
• Para-Xylene
• Benzene
• Styrene
• Ortho-Xylene
• Methylenediphenyl Diisocyanate (MDI)
• Xylene
• Phenol
• Purified Terephthalic Acid
• Acetone
• Toluene Diisocyanate (TDI)

Applications Covered:
• Chemical Processing
• Textile Industry
• Intermediates
• Plastic Industry

End Users Covered:
• Pharmaceuticals
• Adhesive
• Automotive
• Paints & Coating
• Oil & Gas

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia        
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary   
    
2 Preface   

 2.1 Abstract  
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology  
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions 
    
3 Market Trend Analysis   

 3.1 Introduction  
 3.2 Drivers  
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats  
 3.6 Application Analysis  
 3.7 End User Analysis  
 3.8 Emerging Markets  
 3.9 Impact of Covid-19  
    
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry  
    
5 Global Aromatics Market, By Type   
 5.1 Introduction  
 5.2 Toluene  
 5.3 Para-Xylene  
 5.4 Benzene  
 5.5 Styrene  
 5.6 Ortho-Xylene  
 5.7 Methylenediphenyl Diisocyanate (MDI)  
 5.8 Xylene  
 5.9 Phenol  
 5.10 Purified Terephthalic Acid  
 5.11 Acetone  
 5.12 Toluene Diisocyanate (TDI)  
    
6 Global Aromatics Market, By Application   

 6.1 Introduction  
 6.2 Chemical Processing  
 6.3 Textile Industry  
 6.4 Intermediates  
 6.5 Plastic Industry   
    
7 Global Aromatics Market, By End User   
 7.1 Introduction  
 7.2 Pharmaceuticals  
 7.3 Adhesive  
 7.4 Automotive  
 7.5 Paints & Coating  
 7.6 Oil & Gas  
    
8 Global Aromatics Market, By Geography   

 8.1 Introduction  
 8.2 North America  
  8.2.1 US 
  8.2.2 Canada 
  8.2.3 Mexico 
 8.3 Europe  
  8.3.1 Germany 
  8.3.2 UK 
  8.3.3 Italy 
  8.3.4 France 
  8.3.5 Spain 
  8.3.6 Rest of Europe 
 8.4 Asia Pacific  
  8.4.1 Japan 
  8.4.2 China 
  8.4.3 India 
  8.4.4 Australia 
  8.4.5 New Zealand 
  8.4.6 South Korea 
  8.4.7 Rest of Asia Pacific 
 8.5 South America  
  8.5.1 Argentina 
  8.5.2 Brazil 
  8.5.3 Chile 
  8.5.4 Rest of South America 
 8.6 Middle East & Africa  
  8.6.1 Saudi Arabia 
  8.6.2 UAE 
  8.6.3 Qatar 
  8.6.4 South Africa 
  8.6.5 Rest of Middle East & Africa 
    
9 Key Developments 
  
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 9.2 Acquisitions & Mergers  
 9.3 New Product Launch  
 9.4 Expansions  
 9.5 Other Key Strategies  
    
10 Company Profiling   
 10.1 Сеlаnеѕе  
 10.2 Реtrосhеm Саrlеѕѕ  
 10.3 Canada Colors and Chemicals Limited   
 10.4 DuPont de Nemours, Inc.  
 10.5 Еаѕtmаn Сhеmісаl  
 10.6 Аѕhlаnd  
 10.7 HCS Group GmbH  
 10.8 ІNЕОЅ  
 10.9 Exxon Mobil Corporation  
 10.10 ВАЅF  
 10.11 Нuntѕmаn  
 10.12 SABIC  
 10.13 Shell Chemicals  
 10.14 Honeywell International Inc  
 10.15 PetroChina Company Limited  
 10.16 LyondellBasell   
 10.17 Reliance Industries Ltd  
 10.18 China National Petroleum Corporation  
 10.19 Alpek S.A.B de C.V  
 10.20 BP PLC 


List of Tables    
1 Global Aromatics Market Outlook, By Region (2018-2027) ($MN)   
2 Global Aromatics Market Outlook, By Type (2018-2027) ($MN)   
3 Global Aromatics Market Outlook, By Toluene (2018-2027) ($MN)   
4 Global Aromatics Market Outlook, By Para-Xylene (2018-2027) ($MN)   
5 Global Aromatics Market Outlook, By Benzene (2018-2027) ($MN)   
6 Global Aromatics Market Outlook, By Styrene (2018-2027) ($MN)   
7 Global Aromatics Market Outlook, By Ortho-Xylene (2018-2027) ($MN)   
8 Global Aromatics Market Outlook, By Methylenediphenyl Diisocyanate (MDI) (2018-2027) ($MN)   
9 Global Aromatics Market Outlook, By Xylene (2018-2027) ($MN)   
10 Global Aromatics Market Outlook, By Phenol (2018-2027) ($MN)   
11 Global Aromatics Market Outlook, By Purified Terephthalic Acid (2018-2027) ($MN)   
12 Global Aromatics Market Outlook, By Acetone (2018-2027) ($MN)   
13 Global Aromatics Market Outlook, By Toluene Diisocyanate (TDI) (2018-2027) ($MN)   
14 Global Aromatics Market Outlook, By Application (2018-2027) ($MN)   
15 Global Aromatics Market Outlook, By Chemical Processing (2018-2027) ($MN)   
16 Global Aromatics Market Outlook, By Textile Industry (2018-2027) ($MN)   
17 Global Aromatics Market Outlook, By Intermediates (2018-2027) ($MN)   
18 Global Aromatics Market Outlook, By Plastic Industry (2018-2027) ($MN)   
19 Global Aromatics Market Outlook, By End User (2018-2027) ($MN)   
20 Global Aromatics Market Outlook, By Pharmaceuticals (2018-2027) ($MN)   
21 Global Aromatics Market Outlook, By Adhesive (2018-2027) ($MN)   
22 Global Aromatics Market Outlook, By Automotive (2018-2027) ($MN)   
23 Global Aromatics Market Outlook, By Paints & Coating (2018-2027) ($MN)   
24 Global Aromatics Market Outlook, By Oil & Gas (2018-2027) ($MN)   
25 North America Aromatics Market Outlook, By Country (2018-2027) ($MN)   
26 North America Aromatics Market Outlook, By Type (2018-2027) ($MN)   
27 North America Aromatics Market Outlook, By Toluene (2018-2027) ($MN)   
28 North America Aromatics Market Outlook, By Para-Xylene (2018-2027) ($MN)   
29 North America Aromatics Market Outlook, By Benzene (2018-2027) ($MN)   
30 North America Aromatics Market Outlook, By Styrene (2018-2027) ($MN)   
31 North America Aromatics Market Outlook, By Ortho-Xylene (2018-2027) ($MN)   
32 North America Aromatics Market Outlook, By Methylenediphenyl Diisocyanate (MDI) (2018-2027) ($MN)   
33 North America Aromatics Market Outlook, By Xylene (2018-2027) ($MN)   
34 North America Aromatics Market Outlook, By Phenol (2018-2027) ($MN)   
35 North America Aromatics Market Outlook, By Purified Terephthalic Acid (2018-2027) ($MN)   
36 North America Aromatics Market Outlook, By Acetone (2018-2027) ($MN)   
37 North America Aromatics Market Outlook, By Toluene Diisocyanate (TDI) (2018-2027) ($MN)   
38 North America Aromatics Market Outlook, By Application (2018-2027) ($MN)   
39 North America Aromatics Market Outlook, By Chemical Processing (2018-2027) ($MN)   
40 North America Aromatics Market Outlook, By Textile Industry (2018-2027) ($MN)   
41 North America Aromatics Market Outlook, By Intermediates (2018-2027) ($MN)   
42 North America Aromatics Market Outlook, By Plastic Industry (2018-2027) ($MN)   
43 North America Aromatics Market Outlook, By End User (2018-2027) ($MN)   
44 North America Aromatics Market Outlook, By Pharmaceuticals (2018-2027) ($MN)   
45 North America Aromatics Market Outlook, By Adhesive (2018-2027) ($MN)   
46 North America Aromatics Market Outlook, By Automotive (2018-2027) ($MN)   
47 North America Aromatics Market Outlook, By Paints & Coating (2018-2027) ($MN)   
48 North America Aromatics Market Outlook, By Oil & Gas (2018-2027) ($MN)   
49 Europe Aromatics Market Outlook, By Country (2018-2027) ($MN)   
50 Europe Aromatics Market Outlook, By Type (2018-2027) ($MN)   
51 Europe Aromatics Market Outlook, By Toluene (2018-2027) ($MN)   
52 Europe Aromatics Market Outlook, By Para-Xylene (2018-2027) ($MN)   
53 Europe Aromatics Market Outlook, By Benzene (2018-2027) ($MN)   
54 Europe Aromatics Market Outlook, By Styrene (2018-2027) ($MN)   
55 Europe Aromatics Market Outlook, By Ortho-Xylene (2018-2027) ($MN)   
56 Europe Aromatics Market Outlook, By Methylenediphenyl Diisocyanate (MDI) (2018-2027) ($MN)   
57 Europe Aromatics Market Outlook, By Xylene (2018-2027) ($MN)   
58 Europe Aromatics Market Outlook, By Phenol (2018-2027) ($MN)   
59 Europe Aromatics Market Outlook, By Purified Terephthalic Acid (2018-2027) ($MN)   
60 Europe Aromatics Market Outlook, By Acetone (2018-2027) ($MN)   
61 Europe Aromatics Market Outlook, By Toluene Diisocyanate (TDI) (2018-2027) ($MN)   
62 Europe Aromatics Market Outlook, By Application (2018-2027) ($MN)   
63 Europe Aromatics Market Outlook, By Chemical Processing (2018-2027) ($MN)   
64 Europe Aromatics Market Outlook, By Textile Industry (2018-2027) ($MN)   
65 Europe Aromatics Market Outlook, By Intermediates (2018-2027) ($MN)   
66 Europe Aromatics Market Outlook, By Plastic Industry (2018-2027) ($MN)   
67 Europe Aromatics Market Outlook, By End User (2018-2027) ($MN)   
68 Europe Aromatics Market Outlook, By Pharmaceuticals (2018-2027) ($MN)   
69 Europe Aromatics Market Outlook, By Adhesive (2018-2027) ($MN)   
70 Europe Aromatics Market Outlook, By Automotive (2018-2027) ($MN)   
71 Europe Aromatics Market Outlook, By Paints & Coating (2018-2027) ($MN)   
72 Europe Aromatics Market Outlook, By Oil & Gas (2018-2027) ($MN)   
73 Asia Pacific Aromatics Market Outlook, By Country (2018-2027) ($MN)   
74 Asia Pacific Aromatics Market Outlook, By Type (2018-2027) ($MN)   
75 Asia Pacific Aromatics Market Outlook, By Toluene (2018-2027) ($MN)   
76 Asia Pacific Aromatics Market Outlook, By Para-Xylene (2018-2027) ($MN)   
77 Asia Pacific Aromatics Market Outlook, By Benzene (2018-2027) ($MN)   
78 Asia Pacific Aromatics Market Outlook, By Styrene (2018-2027) ($MN)   
79 Asia Pacific Aromatics Market Outlook, By Ortho-Xylene (2018-2027) ($MN)   
80 Asia Pacific Aromatics Market Outlook, By Methylenediphenyl Diisocyanate (MDI) (2018-2027) ($MN)   
81 Asia Pacific Aromatics Market Outlook, By Xylene (2018-2027) ($MN)   
82 Asia Pacific Aromatics Market Outlook, By Phenol (2018-2027) ($MN)   
83 Asia Pacific Aromatics Market Outlook, By Purified Terephthalic Acid (2018-2027) ($MN)   
84 Asia Pacific Aromatics Market Outlook, By Acetone (2018-2027) ($MN)   
85 Asia Pacific Aromatics Market Outlook, By Toluene Diisocyanate (TDI) (2018-2027) ($MN)   
86 Asia Pacific Aromatics Market Outlook, By Application (2018-2027) ($MN)   
87 Asia Pacific Aromatics Market Outlook, By Chemical Processing (2018-2027) ($MN)   
88 Asia Pacific Aromatics Market Outlook, By Textile Industry (2018-2027) ($MN)   
89 Asia Pacific Aromatics Market Outlook, By Intermediates (2018-2027) ($MN)   
90 Asia Pacific Aromatics Market Outlook, By Plastic Industry (2018-2027) ($MN)   
91 Asia Pacific Aromatics Market Outlook, By End User (2018-2027) ($MN)   
92 Asia Pacific Aromatics Market Outlook, By Pharmaceuticals (2018-2027) ($MN)   
93 Asia Pacific Aromatics Market Outlook, By Adhesive (2018-2027) ($MN)   
94 Asia Pacific Aromatics Market Outlook, By Automotive (2018-2027) ($MN)   
95 Asia Pacific Aromatics Market Outlook, By Paints & Coating (2018-2027) ($MN)   
96 Asia Pacific Aromatics Market Outlook, By Oil & Gas (2018-2027) ($MN)   
97 South America Aromatics Market Outlook, By Country (2018-2027) ($MN)   
98 South America Aromatics Market Outlook, By Type (2018-2027) ($MN)   
99 South America Aromatics Market Outlook, By Toluene (2018-2027) ($MN)   
100 South America Aromatics Market Outlook, By Para-Xylene (2018-2027) ($MN)   
101 South America Aromatics Market Outlook, By Benzene (2018-2027) ($MN)   
102 South America Aromatics Market Outlook, By Styrene (2018-2027) ($MN)   
103 South America Aromatics Market Outlook, By Ortho-Xylene (2018-2027) ($MN)   
104 South America Aromatics Market Outlook, By Methylenediphenyl Diisocyanate (MDI) (2018-2027) ($MN)   
105 South America Aromatics Market Outlook, By Xylene (2018-2027) ($MN)   
106 South America Aromatics Market Outlook, By Phenol (2018-2027) ($MN)   
107 South America Aromatics Market Outlook, By Purified Terephthalic Acid (2018-2027) ($MN)   
108 South America Aromatics Market Outlook, By Acetone (2018-2027) ($MN)   
109 South America Aromatics Market Outlook, By Toluene Diisocyanate (TDI) (2018-2027) ($MN)   
110 South America Aromatics Market Outlook, By Application (2018-2027) ($MN)   
111 South America Aromatics Market Outlook, By Chemical Processing (2018-2027) ($MN)   
112 South America Aromatics Market Outlook, By Textile Industry (2018-2027) ($MN)   
113 South America Aromatics Market Outlook, By Intermediates (2018-2027) ($MN)   
114 South America Aromatics Market Outlook, By Plastic Industry (2018-2027) ($MN)   
115 South America Aromatics Market Outlook, By End User (2018-2027) ($MN)   
116 South America Aromatics Market Outlook, By Pharmaceuticals (2018-2027) ($MN)   
117 South America Aromatics Market Outlook, By Adhesive (2018-2027) ($MN)   
118 South America Aromatics Market Outlook, By Automotive (2018-2027) ($MN)   
119 South America Aromatics Market Outlook, By Paints & Coating (2018-2027) ($MN)   
120 South America Aromatics Market Outlook, By Oil & Gas (2018-2027) ($MN)   
121 Middle East & Africa Aromatics Market Outlook, By Country (2018-2027) ($MN)   
122 Middle East & Africa Aromatics Market Outlook, By Type (2018-2027) ($MN)   
123 Middle East & Africa Aromatics Market Outlook, By Toluene (2018-2027) ($MN)   
124 Middle East & Africa Aromatics Market Outlook, By Para-Xylene (2018-2027) ($MN)   
125 Middle East & Africa Aromatics Market Outlook, By Benzene (2018-2027) ($MN)   
126 Middle East & Africa Aromatics Market Outlook, By Styrene (2018-2027) ($MN)   
127 Middle East & Africa Aromatics Market Outlook, By Ortho-Xylene (2018-2027) ($MN)   
128 Middle East & Africa Aromatics Market Outlook, By Methylenediphenyl Diisocyanate (MDI) (2018-2027) ($MN)   
129 Middle East & Africa Aromatics Market Outlook, By Xylene (2018-2027) ($MN)   
130 Middle East & Africa Aromatics Market Outlook, By Phenol (2018-2027) ($MN)   
131 Middle East & Africa Aromatics Market Outlook, By Purified Terephthalic Acid (2018-2027) ($MN)   
132 Middle East & Africa Aromatics Market Outlook, By Acetone (2018-2027) ($MN)   
133 Middle East & Africa Aromatics Market Outlook, By Toluene Diisocyanate (TDI) (2018-2027) ($MN)   
134 Middle East & Africa Aromatics Market Outlook, By Application (2018-2027) ($MN)   
135 Middle East & Africa Aromatics Market Outlook, By Chemical Processing (2018-2027) ($MN)   
136 Middle East & Africa Aromatics Market Outlook, By Textile Industry (2018-2027) ($MN)   
137 Middle East & Africa Aromatics Market Outlook, By Intermediates (2018-2027) ($MN)   
138 Middle East & Africa Aromatics Market Outlook, By Plastic Industry (2018-2027) ($MN)   
139 Middle East & Africa Aromatics Market Outlook, By End User (2018-2027) ($MN)   
140 Middle East & Africa Aromatics Market Outlook, By Pharmaceuticals (2018-2027) ($MN)   
141 Middle East & Africa Aromatics Market Outlook, By Adhesive (2018-2027) ($MN)   
142 Middle East & Africa Aromatics Market Outlook, By Automotive (2018-2027) ($MN)   
143 Middle East & Africa Aromatics Market Outlook, By Paints & Coating (2018-2027) ($MN)   
144 Middle East & Africa Aromatics Market Outlook, By Oil & Gas (2018-2027) ($MN)   

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