Aromatic Solvents Market – Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 – 2023
152 Page Report
Aromatic Solvents Market Expanding at 4.2% CAGR due to
Widespread Demand from Various Industries : TMR
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Aromatic Solvents Market
Aromatic Solvents Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023
Transparency Market Research has published a new report titled “Aromatic Solvents (Benzene, Toluene,
Xylene, and Others) Market for Pharmaceuticals, Oilfield Chemicals, Automotive, Paints & Coatings,
and Other End-Users – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–
2023.” According to the report, the global aromatic solvents market was valued at US$ 6.18 Bn in 2014 and is
anticipated to reach US$ 7.76 Bn by 2023, expanding at a CAGR of 4.2% between 2015 and 2023.
Browse The Full Report At : http://www.transparencymarketresearch.com/aromatic-solventsmarket.html
Aromatic solvents are organic chemicals primarily used as thinners and diluents in several end-user industries
such as paints & coatings, automotive, textiles, and cleaners. These solvents are manufactured from the
distillation of petroleum stock in the petroleum refining industry. Other chemical conversion processes include
catalytic hydrogenation and alkylation. Aromatic solvents are also obtained from light hydrocarbons such as
ethane, butane, and propane. Steam cracking of straight-chain alkanes and catalytic reforming are widely
accepted manufacturing processes of aromatic solvents in the oil & gas industry. The value chain of the
aromatic solvents market is highly integrated at the first stage, where mostly suppliers of petroleum.