Aromatics Global Market Briefing 2018
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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Our datasets are created using a wide range of proprietary and public sources including leading government bodies, associations, trade journals, market intelligence reports and trade magazines. Data is modelled based on hard data, extrapolation, regression analysis based on known macro data inputs, interpolation between hard figures, comparisons with other geographies and markets, price estimations, and qualitative inputs. Data is triangulated within our unique market data model covering an exhaustive list of 200+ markets across 12 countries and 5 regions. Comparable data is used for sanity check and trend analysis. For example our global market value data is compared to unit sales and price data for the relevant market as well as relevant macro-economic datasets in order to establish validity.
Market value is defined as the revenues earned by organizations for products and services within the specified market. The break down by geography is revenue generated within the specific industry by organizations in the specified geography, irrespective of where they are produced.
Competitor Market Share Data
The competitor market share data is intended to represent the companies that gain the most revenues from the given market and the percentage share of the market that they hold. If a company derives most of its revenues from the market, its revenues are given in full. If a large part of the company's revenues come from other markets, only the division of the company which operates in this market is included. Where accurate information is not available on the revenues a company generates from the market its market share is not included, however a profile of the company may still be included if it is a significant competitor in the market.
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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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