Aromatic Solvents Market Report|Industry Trends|Market Insights|Market Forecast to 2026
Aromatic Solvents Market is segmented by type, application and geography. By type market is segmented into toluene solvents, xylene solvents and ethyl benzene solvents. By application the market is further segmented by paints & coatings, printing inks, ad
(EMAILWIRE.COM, October 22, 2019 ) Market Overview:
Aromatic solvents, also known as Aromatic solvent C10, Solvesso 150, aromatic 150, A150, and kocosol 15 is a colourless, transparent liquid with a mild aromatic odour. It is a member of the petroleum hydrocarbon family consists of C9-C11 aromatic hydrocarbons.
Aromatics are widely used in paints, adhesives and printing inks. Other applications include rare earth elements extraction, degreasing, as components in Pest control products that includes insecticides, pesticides, and as chemical intermediates.
Market Dynamics:
The Aromatic Solvents Market is anticipated to witness significant growth with the range of building constructions, renovation and refurbishing activities in fast growing economies such as China, India, and Southeast Asia.
Construction industry in India is in full swing, some of the projects includes development of palava industrial township worth USD 4.18 bn, Construction of EWS, LIG and MIG houses and development of infrastructure work under PMAY Package C in Jabalpur worth USD 1.78 bn, Construction of EWS, LIG and MIG houses and development of infrastructure work under PMAY package worth USD 1.76 bn are a few projects.
Aromatic solvents are volatile organic compounds, there are strictly regulations in developed countries for use of VOC compounds in paints and coatings, owing to their potential impacts on health and environment. As VOC they contribute to ozone production in the troposphere by photochemical reaction with NOx. This factor act as a potential barrier the aromatic solvents market growth.
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Market Segmentation:
Based on type, Aromatic Solvents Market is classified into Honeycomb, Balsa, and Foam. Currently, construction films is the dominant by foam segment and it accounts for approximately XX% of the market.
Based on application, Aromatic Solvents market is classified into paints & coatings, printing inks, adhesives, cleaning & degreasing. currently paints & coatings application is the dominant segment and it accounts for approximately XX% of the market.
Download Free Sample Report: https://www.datamintelligence.com/download-sample/aromatic-solvents-market
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
Asia Pacific region is expected to grow with high CAGR during the forecast period owing to the strong growth in the end user industry in this region.
Due to the rapid urbanization in the region and this trend is projected to continue in coming years and thereby to bring unprecedented demographic, economic and social shifts.
Urban development in the region will have an important positive impact on the aromatic end user sectors such as paints and coatings, adhesives and chemical intermediates sectors. Currently, the construction sector in the region is showcasing decent growth on the globe during the last decade.
Competitive Analysis:
Some of the major players in the Aromatic Solvents Market includes Royal Dutch Shell Plc, SK Global Chemical Co., Ltd, ExxonMobil Corporation, Celanese Corporation, Eastman Chemical Company, LyondellBasell, Chevron Phillips Chemical Company, BASF SE, Total S.A., Pon Pure Chemicals
View Full Report Sample: https://www.datamintelligence.com/research-report/aromatic-solvents-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Aromatic solvents, also known as Aromatic solvent C10, Solvesso 150, aromatic 150, A150, and kocosol 15 is a colourless, transparent liquid with a mild aromatic odour. It is a member of the petroleum hydrocarbon family consists of C9-C11 aromatic hydrocarbons.
Aromatics are widely used in paints, adhesives and printing inks. Other applications include rare earth elements extraction, degreasing, as components in Pest control products that includes insecticides, pesticides, and as chemical intermediates.
Market Dynamics:
The Aromatic Solvents Market is anticipated to witness significant growth with the range of building constructions, renovation and refurbishing activities in fast growing economies such as China, India, and Southeast Asia.
Construction industry in India is in full swing, some of the projects includes development of palava industrial township worth USD 4.18 bn, Construction of EWS, LIG and MIG houses and development of infrastructure work under PMAY Package C in Jabalpur worth USD 1.78 bn, Construction of EWS, LIG and MIG houses and development of infrastructure work under PMAY package worth USD 1.76 bn are a few projects.
Aromatic solvents are volatile organic compounds, there are strictly regulations in developed countries for use of VOC compounds in paints and coatings, owing to their potential impacts on health and environment. As VOC they contribute to ozone production in the troposphere by photochemical reaction with NOx. This factor act as a potential barrier the aromatic solvents market growth.
Download free Report Sample:
Market Segmentation:
Based on type, Aromatic Solvents Market is classified into Honeycomb, Balsa, and Foam. Currently, construction films is the dominant by foam segment and it accounts for approximately XX% of the market.
Based on application, Aromatic Solvents market is classified into paints & coatings, printing inks, adhesives, cleaning & degreasing. currently paints & coatings application is the dominant segment and it accounts for approximately XX% of the market.
Download Free Sample Report: https://www.datamintelligence.com/download-sample/aromatic-solvents-market
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
Asia Pacific region is expected to grow with high CAGR during the forecast period owing to the strong growth in the end user industry in this region.
Due to the rapid urbanization in the region and this trend is projected to continue in coming years and thereby to bring unprecedented demographic, economic and social shifts.
Urban development in the region will have an important positive impact on the aromatic end user sectors such as paints and coatings, adhesives and chemical intermediates sectors. Currently, the construction sector in the region is showcasing decent growth on the globe during the last decade.
Competitive Analysis:
Some of the major players in the Aromatic Solvents Market includes Royal Dutch Shell Plc, SK Global Chemical Co., Ltd, ExxonMobil Corporation, Celanese Corporation, Eastman Chemical Company, LyondellBasell, Chevron Phillips Chemical Company, BASF SE, Total S.A., Pon Pure Chemicals
View Full Report Sample: https://www.datamintelligence.com/research-report/aromatic-solvents-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results