Global Aromatic Compounds Market is Growing At a Significant Rate in the Forecast Period 2018-2025
Global Aromatic Compounds Market is expected to reach 168,733.35 Thousand Tons by 2025 from 122,012.03 Thousand Tons in 2017, at a CAGR of 4.3% in the forecast period 2018 to 2025.
(EMAILWIRE.COM, September 28, 2018 ) Global Aromatic Compounds Market is expected to reach 168,733.35 Thousand Tons by 2025 from 122,012.03 Thousand Tons in 2017, at a CAGR of 4.3% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Segmentation: Global Aromatic Compounds Market
Global Aromatic Compounds Market By Source (Reformate, Pyrolysis Gasoline, Coke Oven Light Oil), By Type (Benzene{Ethylbenzene, Cumene, Cyclohexane}, Xylene{P-xylene, M-xylene, O-xylene}, Toluene{Solvents, Toluene Diisocyanate, Others}), By End Use (Packaging, Detergent & Dyes, Automobile, Electronic Devices, Medical Devices, Pharmaceuticals, Gasoline, Tyre, Household Goods, Paints & Coatings, PVC Pipes & Cables, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecast to 2025
Drivers: Global Aromatic Compounds Market
One of the major factor driving the market for aromatic compounds market is increased demand of aromatic compounds in gasoline, crude oil or petroleum industry. This factor led to the increase the demand for aromatic compounds products. Increased usage of benzene and toluene in pharmaceuticals and growth in detergent industry are the other factor driving the growth of the aromatic compounds market.
INCREASED DEMAND OF AROMATIC COMPOUNDS IN GASOLINE, CRUDE OIL OR PETROLEUM INDUSTRY
Toluene is one of the aromatic compounds which is added to gasoline in order to produce benzene, and is used as a solvent. For instance according to Shell, it has been observed that the toluene produced is majorly used in gasoline. Toluene when mixed with gasoline results in higher-octane rating. Benzene is also one the simplest aromatic compound that is present in crude oil (petroleum) and trace amounts may be present in gasoline. Major petroleum companies are large benzene producers because of their integration with refineries for the production of gasoline and other refined products. The aromatic compound such as benzene, toluene and xylene are also mononuclear aromatic compounds found in variable amounts in crude oils. Aromatic hydrocarbons are an important constituent of various petroleum products.
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INCREASED USAGE OF BENZENE AND TOULENE IN PHARMACEUTICALS
There exists a strong potential of solvents such as benzene in pharamceuticals industry when mixed with other related compounds such as benzenesulfonamide, methoxybenzo, these compounds when mixed with benzene holds a strong inhibitory effect. For instance, According to Multidisciplinary Digital Publishing Institute, it has been observed that benzenesulfonamide, methoxybenzo are noted to be approximately three times stronger than that of other solvents such as doxorubicin, and due to this, benzene is a potential drug in future against human breast cancer. Compound such as, methyl-benzene has been evaluated for its potential as a component in pharmaceutical for cancer treatment and was capable of inhibiting cell growth of human lung and esophageal cancer cell lines.
Major Players: Global Aromatic Compounds Market
Some of the major players operating in this market are
• CB&I,
• Honeywell International Inc.,
• Shell chemicals,
• Reliance Industries Limited,
• INEOS,
• Chevron Phillips Chemical Company,
• Toray Industries, Inc.,
• The Dow Chemical Company,
• Caltex Corporation,
• LyondellBasell Industries Holdings B.V.,
• Exxon Mobil Corporation,
• Total S.A.,
• China National Petroleum Corporation
• Saudi Basic Industries Corporation among others.
Access Full Report: http://databridgemarketresearch.com/reports/global-aromatic-compounds-market/
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
Get free sample @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-aromatic-compounds-market
Segmentation: Global Aromatic Compounds Market
Global Aromatic Compounds Market By Source (Reformate, Pyrolysis Gasoline, Coke Oven Light Oil), By Type (Benzene{Ethylbenzene, Cumene, Cyclohexane}, Xylene{P-xylene, M-xylene, O-xylene}, Toluene{Solvents, Toluene Diisocyanate, Others}), By End Use (Packaging, Detergent & Dyes, Automobile, Electronic Devices, Medical Devices, Pharmaceuticals, Gasoline, Tyre, Household Goods, Paints & Coatings, PVC Pipes & Cables, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecast to 2025
Drivers: Global Aromatic Compounds Market
One of the major factor driving the market for aromatic compounds market is increased demand of aromatic compounds in gasoline, crude oil or petroleum industry. This factor led to the increase the demand for aromatic compounds products. Increased usage of benzene and toluene in pharmaceuticals and growth in detergent industry are the other factor driving the growth of the aromatic compounds market.
INCREASED DEMAND OF AROMATIC COMPOUNDS IN GASOLINE, CRUDE OIL OR PETROLEUM INDUSTRY
Toluene is one of the aromatic compounds which is added to gasoline in order to produce benzene, and is used as a solvent. For instance according to Shell, it has been observed that the toluene produced is majorly used in gasoline. Toluene when mixed with gasoline results in higher-octane rating. Benzene is also one the simplest aromatic compound that is present in crude oil (petroleum) and trace amounts may be present in gasoline. Major petroleum companies are large benzene producers because of their integration with refineries for the production of gasoline and other refined products. The aromatic compound such as benzene, toluene and xylene are also mononuclear aromatic compounds found in variable amounts in crude oils. Aromatic hydrocarbons are an important constituent of various petroleum products.
Inquire before buying @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-aromatic-compounds-market
INCREASED USAGE OF BENZENE AND TOULENE IN PHARMACEUTICALS
There exists a strong potential of solvents such as benzene in pharamceuticals industry when mixed with other related compounds such as benzenesulfonamide, methoxybenzo, these compounds when mixed with benzene holds a strong inhibitory effect. For instance, According to Multidisciplinary Digital Publishing Institute, it has been observed that benzenesulfonamide, methoxybenzo are noted to be approximately three times stronger than that of other solvents such as doxorubicin, and due to this, benzene is a potential drug in future against human breast cancer. Compound such as, methyl-benzene has been evaluated for its potential as a component in pharmaceutical for cancer treatment and was capable of inhibiting cell growth of human lung and esophageal cancer cell lines.
Major Players: Global Aromatic Compounds Market
Some of the major players operating in this market are
• CB&I,
• Honeywell International Inc.,
• Shell chemicals,
• Reliance Industries Limited,
• INEOS,
• Chevron Phillips Chemical Company,
• Toray Industries, Inc.,
• The Dow Chemical Company,
• Caltex Corporation,
• LyondellBasell Industries Holdings B.V.,
• Exxon Mobil Corporation,
• Total S.A.,
• China National Petroleum Corporation
• Saudi Basic Industries Corporation among others.
Access Full Report: http://databridgemarketresearch.com/reports/global-aromatic-compounds-market/
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
Contact Information:
Data Bridge Market Research
Data Bridge Market Resea
Tel: +1-888-387-2818
Email us
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Data Bridge Market Research
Data Bridge Market Resea
Tel: +1-888-387-2818
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results