Aromatic Solvents Market : Development Insight and Manufacturers Challenge Competitors by 2023
The aromatic solvents market is fairly fragmented with few manufacturers exhibiting a marked degree of integration in the first stage of the industry value chain, observes Transparency Market Research (TMR). Key players operating in the aromatic solvents market include Eastman Chemical Company, Celanese Corporation, LyondellBasell, BASF SE, Chevron Phillips Chemical Company, Exxon Mobil Corporation, Honeywell UOP, and Royal Dutch Shell plc. The global aromatic solvents market was valued at US$6.18 billion in 2014 and is projected to expand at a 4.2% CAGR from 2015 to 2023. Growing at this pace, the valuation of the market is anticipated to reach US$7.76 billion by the end of the forecast period Asia Pacific to Offer Abundant Opportunities for Manufacturers to Capitalize on Geographically, the aromatic solvents market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Of these, Asia Pacific accounted ...