Aromatic Solvents Market - Industry
Trends and Forecast to 2030
The Global aromatic solvents market, By Product (Benzene, Toluene,
Xylene, Solvent Naphtha), Application (Paints and Coatings,
Adhesives, Printing Inks, Cleaning and Degreasing, Others), EndUsers (Pharmaceuticals, Oilfield Chemicals, Automotive, Paints and
Coatings, Pesticides, Textiles, Cleaners, Chemical Intermediates,
Electronics, Adhesive and Sealants, Perfumes, Cosmetics) - Industry
Trends and Forecast to 2030.
The increase in demand for these solvents from the paint and
coating industries due to their high solvency property, as well as their
growing popularity, are the primary drivers driving the aromatic
solvents market.
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Report Description
The aromatic solvents market which was USD 8.32 billion in
2022, is expected to reach upto USD 10.88 billion by 2030, and
is expected to undergo a CAGR of 3.42% during the forecast
period of 2023 to 2030.
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Major Key Players
Major Key Players
 China Petrochemical Corporation (China)
 Exxon Mobil Corporation (U.S.)
Some of the major players operating in
this market are :
 SK global chemical Co., Ltd. (South Korea)
 Shell (Netherlands)
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 BASF SE (Germany)
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 LyondellBasell (U.S.)
 China National Petroleum Corporation
(China)
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Market Segmentation
• By Product (Benzene, Toluene, Xylene, Solvent Naphtha)
• By Application (Paints and Coatings, Adhesives, Printing Inks, Cleaning and
Degreasing, Others)
• By End-Users (Pharmaceuticals, Oilfield Chemicals, Automotive, Paints and Coatings,
Pesticides, Textiles, Cleaners, Chemical Intermediates, Electronics, Adhesive and
Sealants, Perfumes, Cosmetics)
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Regional Analysis
Based on
geography, the
market is
segmented into five
geographical
regions.
Europe
North America
Middle East & Africa
Asia-Pacific
South America
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