The global Aromatic Solvents market was valued at USD 7.3 Billion in 2018 and is expected to reach USD 9.06 Billion by year 2026, at a CAGR of 2.60%. Aromatic solvents are characterized by their solvating ability. This type of product is highly refined and completely lacks aliphatic components.

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Regional Outlook (Revenue in USD Million; 2016–2026)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of the Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
• Middle East & Africa
  • Latin America
• Brazil

Further key findings from the report suggest

• Aromatic Solvents market is growing at a CAGR of 1% in Asia Pacific followed by Middle East & Africa and South America, with 2.3 % and 2.3% CAGR, respectively. Urbanization and industrial developments across the globe is the key factor to accelerate the market growth during forecast period across all regions
• Associated focus on green solvents and the stringent rules and regulations imposed by various governments is likely to hinder the market growth during the forecast period
• Key participants include Royal Dutch Shell Plc, LyondellBasell Industries Holdings B.V, China Petroleum and Chemical Corporation, BASF SE, SK Global Chemical Co., Ltd, China National Petroleum Corporation, Reliance Industries Limited, ExxonMobil Corporation, Chinese Petroleum Corporation.

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For the purpose of this report, Reports and Data has segmented the Aromatic Solvents market on the basis of type, applications, and region:

Type (Revenue, USD Million; 2016–2026)

• Toluene
• Xylene
• Ethylbenzene solvent

Application Type (Revenue, USD Million; 2016–2026)

• Cleaning and Degreasing
• Printing Inks
• Adhesives
• Paints and coatings
• Others

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/aromatic-solvents-market

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