Aromatic Solvents Market Research Poised to Expand at a Robust Pace by 2020
Transparency Market Research (TMR) anticipates that the global aromatic solvents market features fairly fragmented vendor landscape owing to a large number of key players operating in the market. However, few manufacturers are exhibiting a marked degree of integration in the first stage of the industry value chain. Some of the prominent players operating in the global aromatic solvents market research are Celanese Corporation, Eastman Chemical Company, LyondellBasell, Chevron Phillips Chemical Company, BASF SE, Exxon Mobil Corporation, Royal Dutch Shell plc., and Honeywell UOP. According to a report by TMR, the global aromatic solvents market research stood at a value of US$6.18 bn in 2014 and is estimated to expand by exhibiting a CAGR of 4.2% during the forecast period from 2015 to 2023. With this CAGR, the market is estimated to reach a valuation of US$7.76 bn by the end of the forecast period. Based on the solvents, the toluene segment dominated the global aromatic...