Chemicals Industry Today
Aromatics Market Booming Due to Automotive, Pharmaceuticals, Oil & Gas, Chemicals & Paints & Coating Application by 2023
Global aromatics market is segmented into type and application. On the basis of product, the market is segregated into benzene, toluene, o-xylene, p-xylene, and rubber segments. The market by application is further categorized into paints & coating, automotive, pharmaceuticals, oil & gas, chemicals, and others.
Published 23 April 2018
Aromatics are used in a wide variety of applications, which is capable of offering versatile nature, safety, and high performance to the product. Thus, they are used in various applications such as pharmaceuticals, automotive, paints & coating, oil & gas, chemicals, and others. The global aromatics market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the increasing consumption of aromatics in automotive, pharmaceuticals, paints & coatings, chemical, and others.
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Some of the well-known players operating in the global aromatics market are Eastman Chemical Company (U.S.), Ashland (U.S.), BASF SE (Germany), Huntsman Corporation (U.S.), Celanese Corporation (U.S.), Petrochem Carless Ltd.(U.K.), INEOS (Switzerland), The ExxonMobil Corporation (U.S.), Royal Dutch Shell plc(the Netherlands) and Honeywell International Inc. (U.S.) among others.
Study Objective
Aromatics are used in a wide variety of applications, which is capable of offering versatile nature, safety, and high performance to the product. Thus, they are used in various applications such as pharmaceuticals, automotive, paints & coating, oil & gas, chemicals, and others. The global aromatics market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the increasing consumption of aromatics in automotive, pharmaceuticals, paints & coatings, chemical, and others.
11. Company Profiles
11.1 Eastman Chemical Company
11.1.1 Company Overview
11.1.2 Type/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 Ashland
11.2.1 Company Overview
11.2.2 Type/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 BASF SE
11.3.1 Company Overview
11.3.2 Type/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Huntsman Corporation
to be continue.....
Competitive Analysis
The market by application is segregated into pharmaceuticals, automotive, paints & coating, oil & gas chemicals, and others. The paints & coatings segment is projected to expand at a significant rate due to extensive consumption of product as intermediates and solvent in end-use applications. Moreover, the automotive industry is projected to grow at a higher rate owing to its growing consumption of aromatics in body bumpers, lighting, dashboard, seats, upholstery, fuel systems, and others are projected to drive the aromatics market due to its excellent performance and bio-compatible nature offered by the product.
Segmentation Analysis
The global aromatics market is segmented into type and application. On the basis of product, the market is segregated into benzene, toluene, o-xylene, p-xylene, and rubber segments. The market by application is further categorized into paints & coating, automotive, pharmaceuticals, oil & gas, chemicals, and others.
Regional Analysis
The North American region is growing significantly due to growing demand for toluene and benzene products in automotive, paints & coatings, and other industries. It is predicted that growing investments in the end-use industries is likely to drive the market during the forecast period. The growing consumption of products in end-use industries has propelled the growth in countries such as the U.S, Canada, and Mexico to achieve a stunning growth in the market because they provide unique reliable nature, safety, and high performance to the product.
Access complete Report @ https://www.marketresearchfuture.com/reports/aromatics-market-930
The European market has observed a remarkable growth due to stringent rules and regulations implemented by the regional governments to follow lightweight products in end-use industries. The market has been driven by the application of this rule in pharmaceuticals, lubricants, personal care segments. It is estimated that the growing innovation and technological advancement in lithium-ion batteries, and other products are predicted to propel the growth in the countries such as the U.K, Italy, Germany, and France during the forecast period.
Get Informative Sample now @ https://www.marketresearchfuture.com/sample_request/930
Some of the well-known players operating in the global aromatics market are Eastman Chemical Company (U.S.), Ashland (U.S.), BASF SE (Germany), Huntsman Corporation (U.S.), Celanese Corporation (U.S.), Petrochem Carless Ltd.(U.K.), INEOS (Switzerland), The ExxonMobil Corporation (U.S.), Royal Dutch Shell plc(the Netherlands) and Honeywell International Inc. (U.S.) among others.
Study Objective
Aromatics are used in a wide variety of applications, which is capable of offering versatile nature, safety, and high performance to the product. Thus, they are used in various applications such as pharmaceuticals, automotive, paints & coating, oil & gas, chemicals, and others. The global aromatics market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the increasing consumption of aromatics in automotive, pharmaceuticals, paints & coatings, chemical, and others.
11. Company Profiles
11.1 Eastman Chemical Company
11.1.1 Company Overview
11.1.2 Type/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 Ashland
11.2.1 Company Overview
11.2.2 Type/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 BASF SE
11.3.1 Company Overview
11.3.2 Type/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Huntsman Corporation
to be continue.....
Competitive Analysis
The market by application is segregated into pharmaceuticals, automotive, paints & coating, oil & gas chemicals, and others. The paints & coatings segment is projected to expand at a significant rate due to extensive consumption of product as intermediates and solvent in end-use applications. Moreover, the automotive industry is projected to grow at a higher rate owing to its growing consumption of aromatics in body bumpers, lighting, dashboard, seats, upholstery, fuel systems, and others are projected to drive the aromatics market due to its excellent performance and bio-compatible nature offered by the product.
Segmentation Analysis
The global aromatics market is segmented into type and application. On the basis of product, the market is segregated into benzene, toluene, o-xylene, p-xylene, and rubber segments. The market by application is further categorized into paints & coating, automotive, pharmaceuticals, oil & gas, chemicals, and others.
Regional Analysis
The North American region is growing significantly due to growing demand for toluene and benzene products in automotive, paints & coatings, and other industries. It is predicted that growing investments in the end-use industries is likely to drive the market during the forecast period. The growing consumption of products in end-use industries has propelled the growth in countries such as the U.S, Canada, and Mexico to achieve a stunning growth in the market because they provide unique reliable nature, safety, and high performance to the product.
Access complete Report @ https://www.marketresearchfuture.com/reports/aromatics-market-930
The European market has observed a remarkable growth due to stringent rules and regulations implemented by the regional governments to follow lightweight products in end-use industries. The market has been driven by the application of this rule in pharmaceuticals, lubricants, personal care segments. It is estimated that the growing innovation and technological advancement in lithium-ion batteries, and other products are predicted to propel the growth in the countries such as the U.K, Italy, Germany, and France during the forecast period.
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