ExxonMobil Corporation (US) and Royal Dutch Shell Plc (Netherlands) are the Key Players in the Aromatic Solvents Market
The aromatic solvents market is projected to grow from USD 7.27 billion in 2018 to USD 8.29 billion by 2023, at a CAGR of 2.66% during the forecast period. The major driver for the market is the growth in the automotive and construction industries.
The key players in the aromatic solvents market include China Petroleum and Chemical Corporation (China), Royal Dutch Shell Plc (Netherlands), ExxonMobil...
Market Leader – Solvents Market
Solvents Market is projected to grow from USD 21.8 billion in 2020 to USD 30.0 billion by 2025, at a CAGR of 6.6% during the forecast period. The decline in crude oil prices and disruption in the supply chain impacted the market. The major drivers for the market is high demand for conventional solvents from applications such as home care, personal care, and pharmaceuticals amidst COVID-19.
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Latest Trends in the Global Aromatic Solvents Market
The Aromatic Solvents Market is projected to grow from USD 7.27 billion in 2018 to USD 8.29 billion by 2023, at a CAGR of 2.66% from 2018 to 2023. The growth in the construction and automotive industries in most of the developing regions due to the increasing urban population have triggered the demand for paints & coatings in the construction and automotive industries. This acts as a driver for...