Basic Aromatics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
Basic aromatics are cyclic hydrocarbon compounds with benzene rings. Benzene, xylene, and toluene are few of the most commonly used basic aromatic compounds. They are usually non-polar and immiscible with water. Since they are mostly unreactive, they are used as solvents for other non-polar compounds. Basic aromatics are produced from crude oils, coal tar, and petroleum.
MARKET DYNAMICS
The rapidly growing demand for PETs and phenols used in various applications has generated significant demand for basic aromatics around the globe. The widespread uses of phenols and their derivatives in manufacturing disinfectants, household cleaners, detergents, polycarbonates, pharmaceutical drugs, herbicides, epoxy resins, phenolic resins, etc. are expected to lead to higher consumption of basic aromatics. While the prolific uses of styrene in paints and coatings and foam and film industry have also augmented the demand for global basic aromatics. The crucial role played by basic aromatic compounds such as toluene, benzene, and xylene in the production of chemicals and polymers such as paint and coating thickeners, dyes, model glues, nylon, polyester, aniline, phenol, and styrene is anticipated to create significant opportunities for basic aromatic manufacturers in the forecast period.
MARKET SCOPE
The "Global Basic Aromatics Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the basic aromatics market with detailed market segmentation by type, applications, and geography. The global basic aromatics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading basic aromatics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global basic aromatics market is segmented on the basis of type and applications. On the basis of type, the basic aromatics market is segmented into benzene, toluene, xylene, and others. The basic aromatics market on the basis of applications is classified into terephthalic acid, ethylbenzene, cyclohexane, cumene, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global basic aromatics market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The basic aromatics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the basic aromatics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the basic aromatics market in these regions.
By Type
By Applications
MARKET PLAYERS
The reports cover key developments in the basic aromatics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the basic aromatics market are anticipated to lucrative growth opportunities in the future with the rising demand for basic aromatics in the global market. Below mentioned is the list of few companies engaged in the basic aromatics market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the basic aromatics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
Basic aromatics are cyclic hydrocarbon compounds with benzene rings. Benzene, xylene, and toluene are few of the most commonly used basic aromatic compounds. They are usually non-polar and immiscible with water. Since they are mostly unreactive, they are used as solvents for other non-polar compounds. Basic aromatics are produced from crude oils, coal tar, and petroleum.
MARKET DYNAMICS
The rapidly growing demand for PETs and phenols used in various applications has generated significant demand for basic aromatics around the globe. The widespread uses of phenols and their derivatives in manufacturing disinfectants, household cleaners, detergents, polycarbonates, pharmaceutical drugs, herbicides, epoxy resins, phenolic resins, etc. are expected to lead to higher consumption of basic aromatics. While the prolific uses of styrene in paints and coatings and foam and film industry have also augmented the demand for global basic aromatics. The crucial role played by basic aromatic compounds such as toluene, benzene, and xylene in the production of chemicals and polymers such as paint and coating thickeners, dyes, model glues, nylon, polyester, aniline, phenol, and styrene is anticipated to create significant opportunities for basic aromatic manufacturers in the forecast period.
MARKET SCOPE
The "Global Basic Aromatics Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the basic aromatics market with detailed market segmentation by type, applications, and geography. The global basic aromatics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading basic aromatics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global basic aromatics market is segmented on the basis of type and applications. On the basis of type, the basic aromatics market is segmented into benzene, toluene, xylene, and others. The basic aromatics market on the basis of applications is classified into terephthalic acid, ethylbenzene, cyclohexane, cumene, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global basic aromatics market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The basic aromatics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the basic aromatics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the basic aromatics market in these regions.
Basic Aromatics Market Report Analysis
Basic Aromatics Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- BASF SE
- BP plc
- Chevron Phillips Chemical Company
- China National Petroleum Corporation 5 .China Petroleum and Chemical Corporation
- Exxon Mobil Corporation
- JX Holdings
- LG Chem
- Royal Dutch Shell PLC
- Saudi Basic Industries Corporation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Type
- Benzene
- Toluene
- Xylene
- Others
By Applications
- Terephthalic acid
- Ethylbenzene
- Cyclohexane
- Cumene
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The reports cover key developments in the basic aromatics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the basic aromatics market are anticipated to lucrative growth opportunities in the future with the rising demand for basic aromatics in the global market. Below mentioned is the list of few companies engaged in the basic aromatics market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the basic aromatics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- BASF SE
- BP plc
- Chevron Phillips Chemical Company
- China National Petroleum Corporation
- China Petroleum & Chemical Corporation
- Exxon Mobil Corporation
- JX Holdings
- LG Chem
- Royal Dutch Shell PLC
- Saudi Basic Industries Corporation
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
Basic Aromatics Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. BASF SE
2. BP plc
3. Chevron Phillips Chemical Company
4. China National Petroleum Corporation
5 .China Petroleum and Chemical Corporation
6. Exxon Mobil Corporation
7. JX Holdings
8. LG Chem
9. Royal Dutch Shell PLC
10. Saudi Basic Industries Corporation
1. BASF SE
2. BP plc
3. Chevron Phillips Chemical Company
4. China National Petroleum Corporation
5 .China Petroleum and Chemical Corporation
6. Exxon Mobil Corporation
7. JX Holdings
8. LG Chem
9. Royal Dutch Shell PLC
10. Saudi Basic Industries Corporation
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