Global Aromatic Solvents Market

May 2020| VMR2133A| Verified Market Research

Report Highlights

Aromatic Solvents Market Size And Forecast

According to Verified Market Research, Global Aromatic Solvents Market was valued at USD 5.6 Billion in 2018 and is projected to reach USD 6.9 Billion by 2026, growing at a CAGR of 2.5% from 2019 to 2026.

Global Aromatic Solvents Market Outlook

The aromatic solvents are used to dissolve and bind a number of chemicals in the paint. The surging demand by the paints industry is expected to fuel the growth of the global aromatic solvents market. Moreover, the high solvency capabilities of these solvents and growing automotive industry, has further propel the demand for adhesives and sealants which are manufactured using aromatic solvents. On the other hand, the rising shifting trend of industries towards bio-based and water-based solvents is the major factor expected to limit the growth of the market. 

Global Aromatic Solvents Market Competitive Landscape 

The Global Aromatic Solvents Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Lyondellbasell Industries Holdings B.V., Exxonmobil Corporation, Chinese Petroleum Corporation (CPC), BASF SE, China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation, Reliance Industries Limited (RIL), Royal Dutch Shell PLC, SK Global Chemical Co., Ltd., and Total S.A.

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