The Aromatic Compounds Market Globally at a rate of 5.72% in the forecast period 2022 to 2029.
Aromatic Compounds: Introduction
- Aromatic compounds consist of one or more rings and contain alternating single and double bonds in their chemical structure. These are cyclic and conjugated compounds, wherein all ring atoms are in a network of bonds, resulting in unusual stability.
- Aromatic compounds are produced from petroleum and coal tar. These compounds are less reactive than alkenes, making them useful industrial solvents for nonpolar compounds.
- Aromatic compounds are named so because of their fragrant properties and unsaturated hydrocarbon ring structures that exhibit special properties, including unusual stability
- Aromatic compounds are used to make plastics, synthetic fabrics such as nylon, packaging materials such as styrene, and explosives
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What are the Market Scope and Size of the Aromatic Compounds Market?
On the basis of type, the aromatic compounds market is segmented into benzene, xylene, and toluene. Benzene is further segmented into ethylbenzene, cumene and cyclohexane; xylene is further segmented into p-xylene, m-xylene, and o-xylene. Toluene is further segmented into solvents, toluene diisocyanate and others.
On the basis of application, the aromatic compounds market is segmented into solvent and additive.
Based on end-use, the aromatic compounds market is segmented into packaging, detergent and dyes, automobile, electronic devices, medical devices, pharmaceuticals, gasoline, tire, household goods, paints and coatings, PVC pipes and cables and others.
What is the Market Analysis and Insights of the Aromatic Compounds Market?
Data Bridge Market Research analyses that the aromatic compounds market will witness a CAGR of 5.72% for the forecast period of 2022-2029. Growth in the demand for aromatic compounds especially in the developing economies, growing use of aromatic compounds for a wide range of end user applications such as packaging, detergent and dyes, automobile, electronic devices, household goods, PVC pipes and cables and other applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the aromatic compounds market.
What are the Key Players in the of the Aromatic Compounds Market?
Some of the major players operating in the aromatic compounds market report are Shell group of companies, Exxon Mobil Corporation, Total, McDermott., JX Nippon Oil Gas Exploration Corporation, bp p.l.c., Canada Colors and Chemicals Limited., China National Petroleum Corporation, Honeywell International Inc., Reliance Industries Limited, INEOS, Chevron Phillips Chemical Company, Toray Industries, Inc., Dow, GS Caltex Corporation., LyondellBasell Industries Holdings B.V., DuPont, Koch Industries, Inc., Formosa Plastics Corporation, ENEOS Corporation and SABIC among others.
An international Aromatic Compounds Market is prepared with a detailed market analysis performed by a team of industry experts, skilful analysts, dynamic forecasters, and knowledgeable researchers. It is a professional and in-depth market report that focuses on primary and secondary drivers, market share, possible sales volume, leading segments, and geographical analysis. The major areas covered in the report include market definition, market segmentation, competitive analysis, and research methodology. The wide-ranging Aromatic Compounds Market also puts light on the various inhibitors as well as motivators of the product market in both quantitative and qualitative approaches so that users get accurate information.
Competitor analysis is a vital aspect of any market research report which focuses on the strong and weak points of the competitors and also analyses their strategies with respect to product and market. Excellent practice models and methods of research applied in the process of creating the Aromatic Compounds Market report unearths the best opportunities to succeed in the market. This persuasive report provides a CAGR value of 5.72% fluctuation during the forecast period of 2021-2028 for the market. The world-class Aromatic Compounds Market research report has wide-ranging and comprehensive market insights which are based on business intelligence.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Aromatic Compounds Market
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