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  Aromatics Market Size   is expected to be valued at a global figure of USD 323.88 billion by the end of the forecast period in 2030. The rate of growth at which the market is expected to reach such a valuation stands at 5.6%. The aromatic chemical is a cyclic organic compound, which is a sweet-smelling derived petroleum source. Aromatic solvents and additives are used for a number of purposes in end-use industries. It is used as a solvent for oil or grease removal in the paint industry; it is used as a thinner and as an aromatic additive to eliminate knocking engines. Key Players Some of the leading participants in the  Aromatics Market Size  are Exxon Mobil Corporation (US), LyondellBasell (Netherlands), SABIC (Saudi Arabia), Reliance Industries Ltd (India), Dow (US), Shell Chemicals (US), BP PLC (UK), Canada Colors and Chemicals Limited (Canada). Market Dynamics The strong demand for aromatic chemicals in a variety of end-use industries has expanded its productio...

The aromatic chemical is a cyclic organic compound, which is a sweet-smelling derived petroleum source. Aromatic solvents and additives are used for a number of purposes in end-use industries. It is used as a solvent for oil or grease removal in the paint industry; it is used as a thinner and as aromatic additive to eliminate knocking engines. Key Players Some of the leading participants in the global Aromatics Market Size  are Exxon Mobil Corporation (US), LyondellBasell (Netherlands), SABIC (Saudi Arabia), Reliance Industries Ltd (India), Dow (US), Shell Chemicals (US), BP PLC (UK), Canada Colors and Chemicals Limited (Canada). Market Dynamics The strong demand for aromatic chemicals in a variety of end-use industries has expanded its production efficiency. For example, in July 2019, Hyundai Oilbank invested USD 220 million to increase the production capacity of petrochemical products to 1.4 million tons by June 2020. In addition, in April 2019, Fortrec, a Singapore-based chemica...

  Global Aromatics Market Aromatics Market Share is expected to be valued at a global figure of USD 323.88 billion by the end of the forecast period in 2028. The rate of growth at which the market is expected to reach such a valuation stands at 5.6%. Competitive Analysis: Leading players in the Aromatics Market Size include Canada Colors and Chemicals Limited, BP plc, Dow, Reliance Industries Ltd., LyondellBasell, Shell Chemicals, SABIC, and ExxonMobil. Segmentation: The global aromatics market is segmented based on type, application, end use, and region. By type, the global aromatics market is segmented into benzene, toluene, o-xylene, p-xylene, and others. Toluene is likely to exhibit the fastest growth rate over the forecast period due to the growing demand for toluene in paints and coatings. By application, the global aromatics market is segmented into solvents and additives. By end use, the market is segmented into paints and coatings, adhesives, chemicals, pharmaceuticals, a...