全球芳香族溶剂市场 - 行业趋势及 2030 年预测

芳香族溶剂市场分析及规模

由于这些溶剂具有高溶解性，油漆和涂料行业对这些溶剂的需求增加，以及它们越来越受欢迎，这是推动芳香溶剂市场发展的主要驱动力。这些溶剂可溶解或分散各种成分，以生产高质量的颜料、增量剂、添加剂和粘合剂，从而增加它们的需求。另一方面，由于担心挥发性有机化合物 (VOC) 的排放，以及向非芳香溶剂的趋势，出台了严格的监管规则，促进了对替代品的研究，这些因素预计将阻碍芳香溶剂市场的发展。

Data Bridge Market Research 分析，芳香族溶剂市场规模在 2022 年为 83.2 亿美元，预计到 2030 年将达到 108.8 亿美元，预计在 2023 年至 2030 年的预测期内复合年增长率为 3.42%。“甲苯”因其快速的蒸发速度而在芳香族溶剂市场的产品领域占据主导地位，它可以提高胶粘膜的粘度，并广泛应用于胶粘剂应用。

除了对市场价值、增长率、细分、地理覆盖范围和主要参与者等市场情景的见解之外，Data Bridge Market Research 策划的市场报告还包括深入的专家分析、按地理位置表示的公司生产和产能、分销商和合作伙伴的网络布局、详细和更新的价格趋势分析以及供应链和需求的赤字分析。

芳香族溶剂市场范围和细分

Market Definition

Aromatic solvents are a class of organic solvents primarily composed of aromatic hydrocarbons, such as benzene, toluene, and xylene. These solvents are characterized by the presence of benzene ring structures in their chemical composition. Aromatic solvents are commonly used in various industrial applications, including paint and coatings manufacturing, chemical synthesis, and as diluents in adhesives and sealants.

Aromatic Solvents Market Dynamics

Drivers

• Aromatic Solvents are Essential in the Chemical Industry for Various Processes

The chemical industry relies heavily on various solvents, including aromatic solvents, for a wide range of applications, including synthesis, formulation, extraction, and as reaction media. The global chemical industry is experiencing steady growth, driven by factors such as population expansion, urbanization, and industrialization. As chemical production rises, the demand for solvents, including aromatic solvents, also increases. Many chemical products are solvent-based, and aromatic solvents play a crucial role in their formulation. These products include printing inks, varnishes, and specialty chemicals used in diverse applications.

The growth in the chemical industry is a key driver for the aromatic solvents market due to the versatile and essential role these solvents play in various chemical processes. As chemical production expands to meet the demands of multiple sectors, the demand for aromatic solvents continues to rise, making them a fundamental component of the global chemical industry supply chain.

• Growing Paints and Coatings Industry

Aromatic solvents play a crucial role in the formulation of paints, coatings, and related products due to their unique properties. The construction industry is a major consumer of paints and coatings for architectural applications. As urbanization and infrastructure development continue worldwide, the demand for architectural coatings rises. Aromatic solvents are used as carriers and diluents in these formulations. Aromatic solvents are utilized in specialty coatings, such as wood finishes, marine coatings, and protective coatings for infrastructure. The development of these specialty coatings drives demand for solvents.

The growing paints and coatings industry serves as a key driver for the aromatic solvents market due to the essential role of these solvents in formulation. The industry's diverse applications, including architectural coatings, automotive coatings, and industrial coatings, along with a focus on environmental compliance and product innovation, contribute to the increasing demand for aromatic solvents in this sector.

Opportunity

• Development and Adoption of Green and Bio-Based Solvents

This shift is driven by environmental concerns, regulatory pressures, and a growing emphasis on sustainability. Environmental regulations aimed at reducing the emission of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs) are becoming increasingly stringent. Aromatic solvents are often associated with VOC emissions. The development and adoption of environmentally friendly solvents that are low in VOCs provide a means for compliance with these regulations. The development of new solvent technologies, including bio-based and renewable solvents, offers opportunities for creating environmentally friendly alternatives to traditional aromatic solvents.

The shift to environmentally friendly solvents presents a compelling opportunity for the aromatic solvents market. It aligns with environmental regulations, consumer preferences, and sustainability initiatives, driving the development and adoption of solvents that offer reduced environmental impact and improved health and safety profiles. Companies that invest in the production and promotion of these solvents can position themselves to meet the growing demand for environmentally responsible products.

Restraint/Challenge

• The Availability and Use of Alternative Solvents, Including Non-Aromatic and Bio-Based Solvents

Substitute solvents are alternative chemicals or solvent formulations that can replace traditional aromatic solvents in various applications. Aromatic solvents, such as benzene, toluene, and xylene, are associated with health and environmental risks. As awareness of these risks grows, there is a push to replace them with less hazardous or non-toxic substitutes that pose fewer health and environmental concerns. Green and bio-based solvents derived from renewable sources are gaining popularity due to their lower environmental impact and reduced toxicity. These substitutes are being developed to meet the demand for more sustainable and eco-friendly alternatives.

The shift to substitute solvents presents opportunities for safer, more sustainable, and compliant solutions, it can also pose challenges for traditional aromatic solvent manufacturers. These manufacturers may need to adapt to changing market dynamics, invest in research and development to innovate their product offerings, and potentially face increased competition from substitute solvent producers. In addition, companies may incur costs associated with transitioning to new formulations or processes that use alternative solvents.

This aromatic solvents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aromatic solvents market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In April 2022, Solvay developed Rhodiasolv IRIS, a next generation solvent with considerable eco-friendly properties. This solvent, which was formerly manufactured in China, will now be manufactured in the solvay site in Melle, France, beginning in 2023
• In February 2021, Hengyi Industries, according to Honeywell International Inc, provided cutting-edge aromatics advanced from the Honeywell UOP at the petrochemical complex in Pulau Muara Besar, Brunei. The production facility can handle about 200,000 barrels per day. The rising demand for paraxylene in Asia is compelling businesses to invest heavily in innovative technologies that transform basic petroleum into petrochemicals

Global Aromatic Solvents Market Scope

The aromatic solvents market is segmented on the basis of product, application, and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Benzene
• Toluene
• Xylene
• Solvent Naphtha

Application

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

End-Users

• Pharmaceuticals
• Oilfield Chemicals
• Automotive
• Paints and Coatings
• Pesticides
• Textiles
• Cleaners
• Chemical Intermediates
• Electronics
• Adhesive and Sealants
• Perfumes
• Cosmetics

Aromatic Solvents Market Regional Analysis/Insights

The aromatic solvents market is analysed and market size insights and trends are provided by product, application, and end-users are referenced above. The countries covered in the Aromatic solvents market report are U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E., Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the aromatic solvents market due to the rise in the use of aromatic solvents in the automotive and construction industries in the region. Europe is expected to witness significant growth in CAGR in the forecast period because of the expansion of chemical sector in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Aromatic Solvents Market Share Analysis

The aromatic solvents market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the aromatic solvents market.

Some of the major players operating in the aromatic solvents market are:

• China Petrochemical Corporation (China)
• 埃克森美孚公司（美国）
• SK环球化学有限公司（韩国）
• 壳牌（荷兰）
• 巴斯夫公司（德国）
• 利安德巴塞尔 (美国)
• 中国石油天然气集团公司 (中国)
• 信实工业有限公司 (印度)
• TotalEnergies（法国）
• 台湾中油股份有限公司
• 印度巴拉特石油有限公司 (印度)
• 雪佛龙菲利普斯化学公司（美国）
• 台塑集团 (台湾)
• HCS集团（德国）
• 印度石油有限公司 (印度)
• Pon Pure Chemicals Group（印度）
• Recochem 公司 (加拿大)
• TOP SOLVENT 株式会社（日本）
• WM Barr & Co., Inc.（美国）

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