Report Highlights
Including: Xylene, Styrene, Paraxylene, Benzene, Toluene, MDI, Phenol, Acetone, PTA, TDI
Covering: China National Petroleum Corporation, BP plc, ExxonMobil Corporation, Alpek S.A.B de C.V, Dow Chemicals Company
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Referencing
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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.
Asia-Pacific was the largest region in the aromatics market in 2017, accounting for $75.0 billion or 40.3% share in the market. This was due to high consumption of aromatics in crude oil refining, automotive and pharmaceutical industries.
North America was the second largest region in the aromatics market in 2017, accounting for 19.7% share in the market.
Middle East was the smallest region in the aromatics market in 2017, accounting for 4.0% share in the market.
Increased Aromatics Production From Biomass
Production of aromatic fine chemicals from non-food biomass in bio-refineries linked to the production of biofuels is a trend that is picking up recently. The advances in Metabolic Engineering and Bioprocess Optimization have helped in enhancing the microbial conversion rate of biomass into aromatic compounds, which was expensive in the past. For instance, Anellotech, a company involved in developing a process to make aromatic chemicals from non-food biomass, has won $9 million in funding from the Japanese beverage maker Suntory. Anellotech has already started a pilot plant for the purpose. In future, the beverage makers intend to use bio-based raw materials to make polyester beverage containers.
- Table 1 : Global Chemical Markets Peer Analysis
- Table 2 : Global Aromatics Market, Historic Market Size, 2013-2017
- Table 3 : Global Aromatics Market, Forecast Market Size, 2017 – 2021
- Table 4 : Global Aromatics Market, Split By Region, 2017
- Table 5 : Global Aromatics Market, Historic And Forecast Growth Rate, By Region, 2013-2021
- Table 6 : Global Aromatics Market, Split By Country, 2017
- Table 7 : Global Aromatics Market, Historic And Forecast Growth Rate, By Country, 2013-2021
- Figure 1 : Global Chemical Markets Peer Analysis, 2013-2021
- Figure 2 : Global Aromatics Market, Historic Market Size, 2013-2017
- Figure 3 : Global Aromatics Market, Forecast Market Size, 2017 – 2021
- Figure 4 : Global Aromatics Market, Split By Region, 2017
- Figure 5 : Global Aromatics Market, Historic And Forecast Growth Rate, By Region, 2013-2021
- Figure 6 : Global Aromatics Market, Split By Country, 2017
- Figure 7 : Global Aromatics Market, Historic And Forecast Growth Rate, By Country, 2013-2021
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