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市场调查报告书
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1361349

芳烃市场 - 2018-2028 年全球产业规模、份额、趋势、机会与预测，按类型、按应用、最终用途产业、地区、竞争细分

Aromatics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type, By Application, By End-Use Industry, By Region, Competition
出版日期: | 出版商: TechSci Research | 英文 178 Pages | 商品交期: 2-3个工作天内

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简介目录

2022年全球芳烃市场估值达1,856亿美元，并有望在整个预测期内强劲成长，预计到2028年复合年增长率(CAGR)为5.33%，到2022年预计将达到2,488.1亿美元芳烃市场收入的成长主要是由几个关键因素推动的。这些因素包括各行业对二甲苯、甲苯和苯等芳香族溶剂的需求不断增加。二甲苯被广泛用作溶剂和清洁剂，而甲苯广泛应用于油漆、清漆和黏合剂生产。另一方面，苯在塑胶、合成纤维和树脂製造中起着至关重要的作用。此外，油漆和涂料行业越来越多地将芳香族化合物作为一种成分，以提高油漆和清漆的稠度并加快干燥时间。值得注意的产业参与者也将投资投入研究工作中，以推出先进和创新的芳香产品，为全球收入成长做出贡献。建筑业在推动市场收入成长方面也发挥关键作用。芳烃在该行业的管道、窗框、隔热材料和室内设计中已被广泛应用。例如，苯用于生产聚苯乙烯泡沫，可提供绝缘性并减少能源消耗，有助于创造舒适的生活环境。发泡聚苯乙烯 (EPS) 源自苯乙烯或苯，是一种轻质且永续的绝缘材料，广泛用于建造各种建筑类型的屋顶、墙壁和地板。芳烃也是运动器材生产的重要组成部分，包括尼龙降落伞、轻型跑鞋、足球和聚酯泳衣。环氧树脂、玻璃纤维增强聚酯和聚氨酯在运动器材製造中的使用不断增加，加上运动的日益普及，推动了对芳烃的需求。此外，芳香剂在家庭和厨房用品中具有多种应用。它们有助于生产耐腐蚀且耐用的塑胶材料，例如常用于冰箱内面板的聚苯乙烯或聚碳酸酯。甲苯衍生的聚氨酯应用于模压冰箱面板之间，以提高冷却效率和节能。此外，芳香族材料在製作蛋盒、燃气炉、奶瓶、微波炉、肉盘、锅碗瓢盆和咖啡机方面发挥重要作用，提高了食品安全性和可用性。芳烃也可用作车辆、船舶和桥樑的涂层，以增强美观性、硬度和防水性能。

主要市场驱动因素

市场概况
预测期 2024-2028
2022 年市场规模 1856亿美元
2028F 市场规模 2488.1亿美元
2023-2028 年复合年增长率 5.33%
成长最快的细分市场 苯
最大的市场 亚太地区

在现代油漆和涂料领域，美观与功能之间的关係日益交织在一起。随着对视觉吸引力和高性能解决方案的需求持续增长，全球芳烃市场已成为关键驱动力，为油漆和涂料提供了重要的组成部分。芳烃专注于增强颜色、耐用性和整体性能，正在为该行业充满活力的未来铺平道路。芳香族化合物以其独特的分子结构（包括芳香环）为特征，在製造油漆和涂料领域不可或缺的着色剂、树脂、溶剂和添加剂方面发挥关键作用。这些化合物有助于创造迷人的色彩来装饰我们的周围环境。芳香族化合物是油漆和涂料中使用的着色剂和颜料的基础，提供多种色调和色调。这些化合物不仅提供迷人的色彩，还有助于提高色彩稳定性以及防止阳光和环境因素的褪色。芳香族化合物对于耐久性同样重要。它们构成树脂的核心，形成防腐蚀、磨损和化学暴露的保护涂层。基于芳烃的树脂可形成坚固的保护层，防止表面随着时间的推移而恶化，从而延长结构、车辆和设备的使用寿命。除了美观和保护之外，芳香剂还提供更多功能。它们的化学特性使其成为涂料中有价值的添加剂，可增强附着力、柔韧性和耐极端温度等性能。这些添加剂显着提升了油漆和涂料的整体性能，使其适用于各种应用和环境。对高品质和多功能油漆和涂料的需求激增正在推动全球芳烃市场的发展。全球各行业都在寻求既具有视觉吸引力又满足严格性能要求的产品，从而导致芳香化合物需求的增加。这一趋势在汽车、建筑、航空航天和工业製造等领域尤其明显。芳烃市场与油漆和涂料产业的融合是创新的中心。芳香族化合物製造商不断开发新颖的配方和应用，以满足涂料行业不断变化的需求。低 VOC（挥发性有机化合物）和环保芳香族解决方案的推出符合全球推动永续实践和法规的趋势。

汽车业对芳烃的需求不断增加

近年来，出现了重塑汽车格局并将全球芳烃市场推向新高度的重大趋势。汽车产业对芳烃的需求不断增长，正在推动产业转型，在整个价值链上引发连锁反应。芳烃是生产高性能塑胶和合成材料的重要原料，可提高车辆的安全性、耐用性和燃油效率。轻质塑胶有助于减轻车辆重量，从而提高燃油经济性并减少排放。此外，芳烃在轮胎製造中发挥关键作用，可增强抓地力、耐用性和轮胎整体性能，确保道路上的最佳安全性和稳定性。此外，芳香烃在仪表板、内装和隔热材料等各种内装零件的生产上是不可或缺的。这些组件不仅提高了整体舒适度和美观度，还确保了耐用性和使用寿命。此外，芳香族化合物有助于汽车表面涂料和油漆的配方，提供防腐蚀、防紫外线辐射和环境因素的保护，从而延长车辆的使用寿命。汽车产业对芳烃的需求不断增长与永续发展措施密切相关。汽车製造商面临越来越大的压力，要求减少车辆的碳足迹并采取环保措施。芳烃在这项努力中发挥关键作用，它能够生产可提高燃油效率并减少排放的轻质材料。此外，研究和创新正在推动源自可再生资源的生物基芳烃的开发，这与汽车产业对永续解决方案的追求保持一致。这些生物基替代品有望进一步减少汽车生产对环境的影响。中国和印度等正在经历快速工业化和都市化的国家，由于汽车产业的扩张，正成为芳烃的重要消费者。需求的激增波及整个芳烃价值链。石化公司正在投资扩大产能，以满足汽车产业不断增长的需求。此外，不断探索炼油和生产技术旨在确保可持续的芳烃供应。

製药业对芳烃的需求不断增加

随着全球对医药产品的需求不断增长，芳香族化合物在药物开发和製造中的重要性日益凸显。这现象正在重塑全球芳烃市场的动态。以其严格的科学标准和严格的法规而闻名的製药业越来越认识到芳香族化合物的独特属性。芳香族化合物作为前驱物在开发各种药物化合物（包括活性药物成分 (API)、赋形剂和药物传递系统）中发挥着至关重要的作用。慢性病的日益普及、人口老化和全球健康挑战正在推动对创新药物解决方案的需求，从而导致对芳烃的需求增加。芳香族化合物不仅有助于合成，而且有助于药物配方和递送系统。由于芳香族化合物与这些平台的兼容性，因此经常应用于开发新型药物递送方法，例如基于脂质体和奈米颗粒的系统。透过提高药物溶解度、稳定性和生物利用度，芳香族化合物可提高药品的治疗功效。製药业对芳烃的需求空前激增，正在重塑全球芳烃市场。两个看似截然不同的行业的融合凸显了化学、创新和医疗保健之间错综复杂的相互作用。随着製药业的不断发展，芳烃与药物开发之间的共生关係预计将推动创新，促进跨产业合作，并重塑全球芳烃市场格局。

主要市场挑战

易于获得环烷烃等替代品

全球芳烃市场面临的关键挑战之一是现成替代品的出现，其中环烷烃处于领先地位。环烷烃是由形成闭环结构的碳原子组成的饱和烃，类似芳香环但缺乏交替双键。这些化合物在特定应用中与芳烃具有相似的功能，使其成为有吸引力的替代品。由于生产流程简单或原料丰富，替代品通常以较低的价格进入市场。这可能导致价格竞争，并可能影响传统芳香化合物的利润率。虽然环烷烃等替代品可能在某些应用中提供相似的功能，但它们的性能特征可能与芳烃不同。确保替代品符合相同的品质和性能标准是一项挑战。替代品的采用可能会推动市场需求从传统芳烃转移，可能导致芳烃生产商的市场份额减少，除非他们适应不断变化的偏好。芳烃市场的公司可能需要投资研发，以探索增强其产品性能的方法或发现新的应用以保持竞争优势。

原料价格波动

芳香烃，包括苯、甲苯和二甲苯，在塑胶、合成纤维、药品和农业化学品等多种产品的製造中发挥关键作用。这些化合物是透过各种精炼和石化过程从原油或天然气中提取的。因此，原油、石脑油和天然气等原料的价格显着影响芳烃的生产成本。原料价格波动带来的主要挑战是其为生产成本带来的不确定性。原料价格波动可能会扰乱生产计画和预算，影响芳烃製造商的获利能力。此外，随着製造商适应不断变化的生产成本，这些价格波动可能会扰乱供应链，导致库存失衡、交货延迟和营运效率低下。此外，原料价格波动可能会阻碍企业做出长期投资决策或扩大产能。未来原料成本的不确定性也可能影响大型专案的可行性。

主要市场趋势

越来越多地采用生物基芳烃

生物基芳烃源自再生原料，例如农业废弃物、生物质，甚至藻类。这与化石燃料形成鲜明对比，化石燃料是有限的资源，对环境影响显着。与化石基芳烃相比，生物基芳烃的生产通常排放较少的温室气体，从而减少碳排放并有助于减缓气候变迁。此外，生物基芳烃可以利用废物流和可生物降解材料无缝地融入循环经济模型，使其生命週期与永续性和减少废物的原则保持一致。生物基芳烃的另一个优点是毒性水平较低，使其在从生产到处置的整个生命週期中更加环保。随着消费者的环保意识日益增强，对生态足迹较低的产品的需求不断增长。消费者偏好的这种转变促使各行业重新评估其做法并接受更环保的替代方案。为了因应这种不断变化的需求格局，芳烃市场正在见证生物基生产方法的出现。

细分市场洞察

类型洞察

2022年，二甲苯在芳烃市场占据主导地位，预计未来几年将继续扩张。二甲苯是化学品、黏合剂、农业喷雾剂和涂料生产的通用溶剂。它也可用于汽油、润滑油以及对苯二甲酸二甲酯和邻苯二甲酸酐等聚合物的製造。二甲苯常见于油墨、清漆、油漆稀释剂和杀虫剂等产品。

最终用途行业洞察

2022 年，製药领域引领芳烃市场，预计将维持其成长轨迹。树脂等芳香族化合物广泛应用于药物纯化、抗生素开发以及后天免疫缺乏症候群 (AIDS)、关节炎和癌症等疾病的治疗。此外，由塑胶和树脂製成的矫形器械为受伤人员提供了活动能力，同时与替代材料相比保持了成本效益。芳烃也用于生产一次性注射器、设备以及用于储存药物和疫苗的容器。

区域洞察

北美地区已牢牢确立了其全球芳烃市场领导者的地位。这种突出地位可归因于各种最终用途产业对芳烃的需求不断增长，包括汽车、油漆和涂料、建筑和个人护理产品等。此外，对新车和二手车的需求很大，特别是在美国等国家，预计这将进一步增加对汽车修补涂料的需求。此外，该地区（尤其是美国和加拿大）大公司和政府增加对旨在开发先进、创新和耐用产品的研究活动的投资，正在促进该地区市场的收入成长。

主要市场参与者

  • 杜邦德内穆尔公司
  • 阿尔佩克 SAB de CV
  • 英国石油公司
  • 中国石油天然气集团公司
  • 埃克森美孚公司
  • 因多拉玛创投有限公司
  • 信实工业有限公司
  • 壳牌化学有限公司
  • 沙乌地基础工业公司
  • 利安德巴塞尔工业公司

报告范围：

在本报告中，除了以下详细介绍的产业趋势外，全球芳烃市场也分为以下几类：

  • 芳烃市场，依类型：

苯乙烯

二甲苯

苯

其他的

  • 芳烃市场，按应用：

溶剂

添加剂

  • 芳烃市场，依最终用途产业：

油漆和涂料

黏合剂

药品

化学品

其他的

  • 全球芳烃市场，按地区：

北美洲

  • 美国
  • 加拿大
  • 墨西哥

亚太

  • 中国
  • 印度
  • 韩国
  • 澳洲
  • 日本

欧洲

  • 德国
  • 法国
  • 英国
  • 西班牙
  • 义大利

南美洲

  • 巴西
  • 阿根廷
  • 哥伦比亚

中东和非洲

  • 南非
  • 沙乌地阿拉伯
  • 阿联酋

竞争格局

公司概况：全球芳烃市场主要公司的详细分析。

可用的客製化：

全球芳烃市场报告包含给定的市场资料，科技科学研究可根据公司的具体需求提供客製化服务。该报告可以使用以下自订选项：

公司资讯

  • 其他市场参与者（最多五个）的详细分析和概况分析。

目录

第 1 章：产品概述

  • 市场定义
  • 市场范围
    • 涵盖的市场
    • 考虑学习的年份
    • 主要市场区隔

第 2 章：研究方法

  • 研究目的
  • 基线方法
  • 主要产业伙伴
  • 主要协会和二手资料来源
  • 预测方法
  • 数据三角测量与验证
  • 假设和限制

第 3 章：执行摘要

  • 市场概况
  • 主要市场细分概述
  • 主要市场参与者概述
  • 重点地区/国家概况
  • 市场驱动因素、挑战、趋势概述

第 4 章：客户之声

第 5 章：全球芳烃市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 依类型（苯乙烯、二甲苯、苯、其他）
    • 按应用（溶剂和添加剂）
    • 按最终用途行业（油漆和涂料、黏合剂、药品、化学品及其他）
    • 按公司划分 (2022)
    • 按地区
  • 市场地图

第 6 章：北美芳烃市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 按应用
    • 按最终用途行业
    • 按国家/地区
  • 北美：国家分析
    • 美国
    • 墨西哥
    • 加拿大

第 7 章：欧洲芳烃市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 按应用
    • 按最终用途行业
    • 按国家/地区
  • 欧洲：国家分析
    • 法国
    • 德国
    • 英国
    • 义大利
    • 西班牙

第 8 章：亚太芳烃市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 按应用
    • 按最终用途行业
    • 按国家/地区
  • 亚太地区：国家分析
    • 中国
    • 印度
    • 韩国
    • 日本
    • 澳洲

第 9 章：南美洲芳烃市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 按应用
    • 按最终用途行业
    • 按国家/地区
  • 南美洲：国家分析
    • 巴西
    • 阿根廷
    • 哥伦比亚

第10章：中东和非洲芳烃市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 按应用
    • 按最终用途行业
    • 按国家/地区
  • MEA：国家分析
    • 南非芳烃
    • 沙乌地阿拉伯芳烃
    • 阿联酋芳烃

第 11 章：市场动态

  • 司机
  • 挑战

第 12 章：市场趋势与发展

  • 最近的发展
  • 产品发布
  • 併购

第 13 章：大环境分析

第 14 章：波特的五力分析

  • 产业竞争
  • 新进入者的潜力
  • 供应商的力量
  • 客户的力量
  • 替代产品的威胁

第15章：竞争格局

  • 商业概览
  • 公司概况
  • 产品与服务
  • 财务（上市公司）
  • 最近的发展
  • SWOT分析
    • DuPont de Nemours, Inc.
    • Alpek SAB de CV
    • BP PLC
    • China National Petroleum Corporation
    • Exxon Mobil Corporation
    • Indorama Ventures PLC
    • Reliance Industries Limited
    • Shell Chemicals Limited
    • SABIC
    • Lyondell Basell Industries Inc.

第 16 章：策略建议

简介目录
Product Code: 4398

The Global Aromatics Market achieved a valuation of USD 185.6 billion in 2022 and is poised for robust growth throughout the forecast period, with a projected Compound Annual Growth Rate (CAGR) of 5.33% until 2028 and is expected to reach at USD 248.81 billion by 2022. This growth in the aromatics market's revenue is primarily fueled by several key factors. These factors include the escalating demand for aromatic solvents such as Xylene, Toluene, and Benzene across various industries. Xylene is widely recognized as a solvent and cleaning agent, while Toluene finds extensive application in paint, lacquer, and adhesive production. Benzene, on the other hand, plays a vital role in plastics, synthetic fiber, and resin manufacturing. Moreover, the paints and coatings sector is increasingly incorporating aromatics as a component to enhance paint and varnish consistency and accelerate drying time. Noteworthy industry players are also directing investments into research endeavors to introduce advanced and innovative aromatic products, contributing to global revenue expansion. The construction sector also plays a pivotal role in driving market revenue growth. Aromatics find widespread application in piping, window frames, insulation, and interior design within this industry. For instance, benzene is utilized in producing Polystyrene foam, which provides insulation and reduces energy consumption, contributing to a comfortable living environment. Expanded Polystyrene (EPS), derived from Styrene or benzene, is a lightweight and sustainable insulating material extensively used in constructing roofs, walls, and floors across various building types. Aromatics also serve as a crucial component in the production of sports equipment, including nylon parachutes, lightweight running shoes, footballs, and Polyester swimwear. The rising utilization of epoxy resins, glass-reinforced polyester, and polyurethanes in crafting sports equipment, combined with the surging popularity of sports participation, propels the demand for aromatics. Additionally, aromatics have diverse applications in household and kitchen goods. They contribute to the production of corrosion-resistant and durable plastic materials such as polystyrene or polycarbonate, commonly used in refrigerator interior panels. Toluene-derived polyurethane is applied between molded refrigerator panels to enhance cooling efficiency and energy conservation. Furthermore, aromatics-based materials play a role in crafting egg cartons, gas burners, milk bottles, microwave ovens, meat trays, pots and pans, and coffee machines, enhancing food safety and usability. Aromatics are also employed as coatings on vehicles, ships, and bridges to augment aesthetics, hardness, and water-resistance properties.

Key Market Drivers

Growing Demand of Aromatics in the Paints & Coatings Industry

Market Overview
Forecast Period2024-2028
Market Size 2022USD 185.6 Billion
Market Size 2028FUSD 248.81 Billion
CAGR 2023-20285.33%
Fastest Growing SegmentBenzene
Largest MarketAsia Pacific

The relationship between aesthetics and functionality has become increasingly intertwined in the modern paints and coatings sector. As the demand for visually appealing and high-performance solutions continues to rise, the global aromatics market has emerged as a crucial driver, providing essential building blocks for paints and coatings. Focusing on enhancing color, durability, and overall performance, aromatics are paving the way for a vibrant future in the industry. Aromatics, characterized by their unique molecular structures, including aromatic rings, play a critical role in creating colorants, resins, solvents, and additives integral to the paints and coatings sector. These compounds facilitate the creation of captivating hues that adorn our surroundings. Aromatic compounds form the foundation of colorants and pigments employed in paints and coatings, offering a vast range of shades and tones. These compounds not only provide captivating colors but also contribute to color stability and resistance against fading due to sunlight and environmental elements. Aromatics are equally essential for durability. They constitute the core of resins that establish protective coatings against corrosion, abrasion, and chemical exposure. Resins based on aromatics create a robust shield that safeguards surfaces from deterioration over time, thus extending the lifespan of structures, vehicles, and equipment. Beyond aesthetics and protection, aromatics offer more. Their chemical attributes make them valuable additives in coatings, enhancing properties like adhesion, flexibility, and resistance to extreme temperatures. These additives significantly elevate the overall performance of paints and coatings, making them suitable for various applications and environments. The surging demand for high-quality and versatile paints and coatings is driving the global aromatics market. Industries worldwide seek products that offer visual appeal while fulfilling stringent performance requirements, resulting in an uptick in aromatic compound demand. This trend is especially pronounced in sectors such as automotive, construction, aerospace, and industrial manufacturing. The convergence of the aromatics market with the paints and coatings industry is a hub of innovation. Manufacturers of aromatic compounds continually develop novel formulations and applications that cater to the evolving needs of the coatings sector. The introduction of low-VOC (volatile organic compound) and environmentally friendly aromatic solutions aligns with the global push for sustainable practices and regulations.

Increasing Demand of Aromatics in the Automotive Industry

Recent years have witnessed a significant trend reshaping the automotive landscape and propelling the global aromatics market to new heights. The escalating demand for aromatics in the automotive sector is driving industry transformation, setting off a ripple effect across the entire value chain. Aromatics serve as vital feedstocks for producing high-performance plastics and synthetic materials, enhancing vehicle safety, durability, and fuel efficiency. Lightweight plastics contribute to reduced vehicle weight, resulting in improved fuel economy and decreased emissions. Moreover, aromatics play a critical role in tire manufacturing, enhancing grip, durability, and overall tire performance, ensuring optimal safety and stability on the road. Furthermore, aromatics are indispensable in the production of various interior components, including dashboards, upholstery, and insulation materials. These components not only enhance overall comfort and aesthetics but also ensure durability and longevity. Additionally, aromatics contribute to the formulation of coatings and paints used on automotive surfaces, providing protection against corrosion, UV radiation, and environmental elements, thus prolonging vehicle lifespan. The increasing demand for aromatics in the automotive industry is closely intertwined with sustainability initiatives. Automakers face mounting pressure to reduce the carbon footprint of their vehicles and embrace environmentally friendly practices. Aromatics play a pivotal role in this endeavor by enabling the production of lightweight materials that enhance fuel efficiency and decrease emissions. Furthermore, research and innovation are driving the development of bio-based aromatics derived from renewable sources, aligning with the automotive industry's pursuit of sustainable solutions. These bio-based alternatives hold the promise of further minimizing the environmental impact of vehicle production. Countries like China and India, undergoing rapid industrialization and urbanization, are emerging as significant consumers of aromatics due to the expansion of their automotive sectors. This surge in demand reverberates throughout the aromatics value chain. Petrochemical companies are investing in expanding their production capacities to meet the growing needs of the automotive sector. Additionally, ongoing exploration of refining and production technologies aims to ensure a sustainable aromatic supply.

Increasing Demand of Aromatics in the Pharmaceuticals Industry

With the escalating global demand for pharmaceutical products, the importance of aromatics in drug development and manufacturing is gaining prominence. This phenomenon is reshaping the dynamics of the global aromatics market. The pharmaceuticals industry, renowned for its rigorous scientific standards and stringent regulations, is increasingly recognizing the unique attributes of aromatics. Aromatics play a crucial role as precursors in developing various pharmaceutical compounds, including active pharmaceutical ingredients (APIs), excipients, and drug delivery systems. The growing prevalence of chronic diseases, aging populations, and global health challenges are driving the need for innovative pharmaceutical solutions, contributing to increased demand for aromatics. Aromatics contribute not only to synthesis but also to drug formulation and delivery systems. Aromatics frequently find application in developing novel drug delivery methods, such as liposomal and nanoparticle-based systems, due to their compatibility with these platforms. By enhancing drug solubility, stability, and bioavailability, aromatics enhance the therapeutic efficacy of pharmaceutical products. The unprecedented surge in demand for aromatics in the pharmaceuticals industry is reshaping the global aromatics market. This convergence of two seemingly distinct sectors underscores the intricate interplay between chemistry, innovation, and healthcare. As the pharmaceuticals industry continues to evolve, the symbiotic relationship between aromatics and drug development is expected to drive innovation, foster cross-industry collaborations, and reshape the global aromatics market landscape.

Key Market Challenges

Easy Availability of Substitutes such as Cycloalkanes

One of the pivotal challenges facing the global aromatics market is the emergence of readily available substitutes, with cycloalkanes taking the lead. Cycloalkanes are saturated hydrocarbons comprised of carbon atoms forming a closed ring structure, resembling aromatic rings but lacking the alternating double bonds. These compounds offer functional similarities to aromatics in specific applications, making them attractive alternatives. Substitutes often enter the market at a lower price point due to their straightforward production processes or abundant feedstocks. This can lead to price competition and potentially impact the profit margins of conventional aromatic compounds. While substitutes like cycloalkanes may offer functional parallels in certain applications, their performance characteristics may differ from those of aromatics. Ensuring substitutes meet the same quality and performance standards poses a challenge. The adoption of substitutes can drive a shift in market demand away from traditional aromatics, potentially leading to reduced market share for aromatics producers unless they adapt to evolving preferences. Companies in the aromatics market may need to invest in research and development to explore ways to enhance their products' properties or discover novel applications to maintain a competitive edge.

Volatility in Feedstock Prices

Aromatics, including benzene, toluene, and xylene, play a pivotal role in manufacturing a wide range of products, such as plastics, synthetic fibers, pharmaceuticals, and agrochemicals. These compounds are derived from crude oil or natural gas through various refining and petrochemical processes. Consequently, the prices of feedstocks like crude oil, naphtha, and natural gas significantly impact the production cost of aromatics. The primary challenge posed by feedstock price volatility is the uncertainty it introduces into production costs. Fluctuating feedstock prices can disrupt production planning and budgeting, affecting the profitability of aromatics manufacturers. Moreover, these price fluctuations can disrupt supply chains as manufacturers adjust to changing production costs, leading to inventory imbalances, delivery delays, and operational inefficiencies. Furthermore, volatile feedstock prices can discourage companies from making long-term investment decisions or expanding production capacities. The uncertainty surrounding future feedstock costs may also impact the feasibility of large-scale projects.

Key Market Trends

Growing Adoption of Bio-Based Aromatics

Bio-based aromatics are derived from renewable feedstocks, such as agricultural waste, biomass, and even algae. This contrasts with fossil fuels, which are finite resources with notable environmental impacts. The production of bio-based aromatics generally emits fewer greenhouse gases compared to their fossil-based counterparts, leading to a reduction in carbon emissions and contributing to climate change mitigation. Additionally, bio-based aromatics can seamlessly integrate into a circular economy model by utilizing waste streams and biodegradable materials, aligning their lifecycle with the principles of sustainability and waste reduction. Another advantage of bio-based aromatics is their lower toxicity levels, making them more environmentally friendly across their entire lifecycle, from production to disposal. With consumers becoming increasingly environmentally conscious, there is a growing demand for products with lower ecological footprints. This shift in consumer preferences has prompted industries to reevaluate their practices and embrace greener alternatives. In response to this evolving demand landscape, the aromatics market is witnessing the emergence of bio-based production methods.

Segmental Insights

Type Insights

In 2022, Xylene dominated the Aromatics market and is expected to continue its expansion in the years ahead. Xylene serves as a versatile solvent in the production of chemicals, adhesives, agricultural sprays, and coatings. It also finds application in gasoline, lubricants, and the manufacturing of polymers like Dimethyl Terephthalate and Phthalic Anhydride. Xylene is commonly encountered in products such as ink, varnish, paint thinners, and insecticides.

End-Use Industry Insights

In 2022, the Pharmaceuticals segment led the Aromatics market and is anticipated to sustain its growth trajectory. Aromatics, such as resins, find extensive application in drug purification and the development of antibiotics and therapies for conditions like Acquired Immunodeficiency Syndrome (AIDS), arthritis, and cancer. Furthermore, orthopedic devices made from plastics and resins provide mobility to individuals with injuries while remaining cost-effective compared to alternative materials. Aromatics are also used in producing disposable syringes, apparatus, and containers for storing medications and vaccines.

Regional Insights

The North America region has firmly established itself as the leader in the Global Aromatics Market. This prominence can be attributed to the growing demand for aromatics across various end-use industries, including automotive, paint & coatings, construction, and personal care products, among others. Additionally, there is significant demand for new and used cars, particularly in countries like the US, which is expected to further boost the demand for refinishing automotive coatings. Furthermore, the increased investments by major companies and governments in the region, especially in the US and Canada, for research activities aimed at developing advanced, innovative, and durable products, are contributing to the revenue growth of the market in this region.

Key Market Players

  • DuPont de Nemours, Inc.
  • Alpek S.A.B. de C.V
  • BP PLC
  • China National Petroleum Corporation
  • Exxon Mobil Corporation
  • Indorama Ventures PLC
  • Reliance Industries Limited
  • Shell Chemicals Limited
  • SABIC
  • Lyondell Basell Industries Inc.

Report Scope:

In this report, the Global Aromatics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Aromatics Market, By Type:

Styrene

Xylene

Benzene

Others

  • Aromatics Market, By Application:

Solvent

Additive

  • Aromatics Market, By End-Use Industry:

Paint & Coatings

Adhesives

Pharmaceuticals

Chemicals

Others

  • Global Aromatics Market, By region:

North America

  • United States
  • Canada
  • Mexico

Asia-Pacific

  • China
  • India
  • South Korea
  • Australia
  • Japan

Europe

  • Germany
  • France
  • United Kingdom
  • Spain
  • Italy

South America

  • Brazil
  • Argentina
  • Colombia

Middle East & Africa

  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Aromatics Market.

Available Customizations:

Global Aromatics Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
    • 1.2.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Overview of the Market
  • 3.2. Overview of Key Market Segmentations
  • 3.3. Overview of Key Market Players
  • 3.4. Overview of Key Regions/Countries
  • 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Aromatics Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type (Styrene, Xylene, Benzene, Others)
    • 5.2.2. By Application (Solvent and Additive)
    • 5.2.3. By End-Use Industry (Paint & Coatings, Adhesives, Pharmaceuticals, Chemicals and Others)
    • 5.2.4. By Company (2022)
    • 5.2.5. By Region
  • 5.3. Market Map

6. North America Aromatics Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type
    • 6.2.2. By Application
    • 6.2.3. By End-Use Industry
    • 6.2.4. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Aromatics Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Type
        • 6.3.1.2.2. By Application
        • 6.3.1.2.3. By End-Use Industry
    • 6.3.2. Mexico Aromatics Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Type
        • 6.3.2.2.2. By Application
        • 6.3.2.2.3. By End-Use Industry
    • 6.3.3. Canada Aromatics Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Type
        • 6.3.3.2.2. By Application
        • 6.3.3.2.3. By End-Use Industry

7. Europe Aromatics Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type
    • 7.2.2. By Application
    • 7.2.3. By End-Use Industry
    • 7.2.4. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. France Aromatics Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Type
        • 7.3.1.2.2. By Application
        • 7.3.1.2.3. By End-Use Industry
    • 7.3.2. Germany Aromatics Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Type
        • 7.3.2.2.2. By Application
        • 7.3.2.2.3. By End-Use Industry
    • 7.3.3. United Kingdom Aromatics Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Type
        • 7.3.3.2.2. By Application
        • 7.3.3.2.3. By End-Use Industry
    • 7.3.4. Italy Aromatics Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Type
        • 7.3.4.2.2. By Application
        • 7.3.4.2.3. By End-Use Industry
    • 7.3.5. Spain Aromatics Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Type
        • 7.3.5.2.2. By Application
        • 7.3.5.2.3. By End-Use Industry

8. Asia-Pacific Aromatics Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type
    • 8.2.2. By Application
    • 8.2.3. By End-Use Industry
    • 8.2.4. By Country
  • 8.3. Asia-Pacific: Country Analysis
    • 8.3.1. China Aromatics Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Type
        • 8.3.1.2.2. By Application
        • 8.3.1.2.3. By End-Use Industry
    • 8.3.2. India Aromatics Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Type
        • 8.3.2.2.2. By Application
        • 8.3.2.2.3. By End-Use Industry
    • 8.3.3. South Korea Aromatics Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Type
        • 8.3.3.2.2. By Application
        • 8.3.3.2.3. By End-Use Industry
    • 8.3.4. Japan Aromatics Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Type
        • 8.3.4.2.2. By Application
        • 8.3.4.2.3. By End-Use Industry
    • 8.3.5. Australia Aromatics Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Type
        • 8.3.5.2.2. By Application
        • 8.3.5.2.3. By End-Use Industry

9. South America Aromatics Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type
    • 9.2.2. By Application
    • 9.2.3. By End-Use Industry
    • 9.2.4. By Country
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Aromatics Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Type
        • 9.3.1.2.2. By Application
        • 9.3.1.2.3. By End-Use Industry
    • 9.3.2. Argentina Aromatics Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Type
        • 9.3.2.2.2. By Application
        • 9.3.2.2.3. By End-Use Industry
    • 9.3.3. Colombia Aromatics Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Type
        • 9.3.3.2.2. By Application
        • 9.3.3.2.3. By End-Use Industry

10. Middle East and Africa Aromatics Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type
    • 10.2.2. By Application
    • 10.2.3. By End-Use Industry
    • 10.2.4. By Country
  • 10.3. MEA: Country Analysis
    • 10.3.1. South Africa Aromatics Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Type
        • 10.3.1.2.2. By Application
        • 10.3.1.2.3. By End-Use Industry
    • 10.3.2. Saudi Arabia Aromatics Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Type
        • 10.3.2.2.2. By Application
        • 10.3.2.2.3. By End-Use Industry
    • 10.3.3. UAE Aromatics Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Type
        • 10.3.3.2.2. By Application
        • 10.3.3.2.3. By End-Use Industry

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Market Trends & Developments

  • 12.1. Recent Developments
  • 12.2. Product Launches
  • 12.3. Mergers & Acquisitions

13. PESTLE Analysis

14. Porter's Five Forces Analysis

  • 14.1. Competition in the Industry
  • 14.2. Potential of New Entrants
  • 14.3. Power of Suppliers
  • 14.4. Power of Customers
  • 14.5. Threat of Substitute Product

15. Competitive Landscape

  • 15.1. Business Overview
  • 15.2. Company Snapshot
  • 15.3. Products & Services
  • 15.4. Financials (In case of listed companies)
  • 15.5. Recent Developments
  • 15.6. SWOT Analysis
    • 15.6.1. DuPont de Nemours, Inc.
    • 15.6.2. Alpek S.A.B. de C.V
    • 15.6.3. BP PLC
    • 15.6.4. China National Petroleum Corporation
    • 15.6.5. Exxon Mobil Corporation
    • 15.6.6. Indorama Ventures PLC
    • 15.6.7. Reliance Industries Limited
    • 15.6.8. Shell Chemicals Limited
    • 15.6.9. SABIC
    • 15.6.10. Lyondell Basell Industries Inc.

16. Strategic Recommendations