Aromatics Market Size – USD 197.27 Billion in 2018, Market Growth - CAGR of 5.6%, Market Trends – High demand from paints and coatings industry.

New York, NY -- (SBWire) -- 04/27/2021 --The global aromatics market is forecast to reach USD 323.88 Billion by 2027, according to a new report by Reports and Data. Aromatics are those hydrocarbons that consists of hydrogen and carbon. They are formed from crude oil and in small quantities from coal. The most significant aromatics are toluene, benzene, and xylene. Aromatics are used in a wide range of consumer product as a starting material. They are durable, comfortable, lightweight, and safe in design. It also offers analysis of the top companies operating in the market such as Exxon Mobile Corporation, SABIC, Shell Chemicals, Reliance Industries Limited, Dow, BP PLC, Canada Colors and Chemicals Limited, LyondellBasell, HCS Group GmbH, and Honeywell International Inc. among others.

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The detail-oriented report consists of n pages and is an extensive database of vital information, statistical data, trends, and competitive analysis of the concerned sector. The data obtained from the study is corroborated by industry experts for the readers. The report on the Aromatics industry sheds lights on the latest growth trends and developments along with special focus on the methodologies. Along with this, the market factors that directly influence the growth of the industry such as market strategies adopted by the key companies, drivers, restraints, and others are also covered in the report.

The report highlights recent mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, corporate and government deals, and product launches and brand promotions among others. Additionally, the report also discusses the expansion tactics, product portfolio, company overview, financial standing, global position, and production and manufacturing capacity. The report employs advanced analytical tools such as SWOT analysis and Porter's Five Forces analysis to offer insights into the competitive landscape.

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Regional analysis covers the spread of market in key geographical regions of the world and provides information about production and consumption rate, supply and demand ratio, trends and demands, market size, market share, technological advancements, product demands, and presence of key players in each region.

Regional Analysis Covers:

- North America (U.S.A., Canada, Mexico)

- Europe (U.K., Italy, Germany, France, Rest of Europe)

- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

- Latin America (Chile, Brazil, Argentina, Rest of Latin America)

- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Along with this, the report also focuses on the macro and micro-economic factors, market trends, and divides the market into key segments and sub-segments. It offers key insights into the segment expected to account for significant revenue share in the global market over the forecast period. It also discusses in detail the key factors influencing the revenue growth of the segment.

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Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Benzene
Toluene
P-Xylene
Toluene Diisocyanate and Methylenediphenyl Diisocyanate
Cumene/Phenol

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Solvent
Additive

End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Paint and Coating
Chemicals
Adhesives
Pharmaceuticals

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