Key Insights
The global aromatics market is projected for substantial expansion, with a projected Compound Annual Growth Rate (CAGR) of 5.5% between 2025 and 2033. The market size was valued at 297,087.2 million in the base year of 2025. This growth is fueled by escalating demand for plastics, fibers, and resins across key sectors like packaging, automotive, and construction. Key growth drivers include a rising global population, industrialization in emerging economies, and advancements in materials science that enable the development of innovative aromatics-based products. The wide array of aromatics derivatives, including ethylbenzene, cumene, and alkylbenzenes, supports diverse applications, further stimulating market expansion. However, the industry faces challenges from volatile crude oil prices and stringent environmental regulations. Major industry players such as ExxonMobil, Shell, and BASF are actively investing in research and development and optimizing production to maintain competitiveness. The Asia-Pacific region, particularly China and India, is expected to lead growth due to rapid industrialization and urbanization, while North America and Europe will see steady contributions. South America and the Middle East & Africa are projected for moderate growth.
Aromatics Industry Market Size (In Billion)
In terms of segmentation, ethylbenzene and cumene are leading derivatives, primarily due to their critical roles in styrene and phenol production, respectively. Alkylbenzenes and cyclohexane also represent significant market value. The "Other Derivatives" segment, encompassing aniline and maleic anhydride, though currently smaller, is anticipated to experience moderate growth owing to expanding applications in specialty chemicals and polymers. The industry is prioritizing sustainable production methods and exploring bio-based aromatics to address environmental concerns and enhance overall sustainability. This transition towards eco-friendly processes and diversification into specialty aromatics will be instrumental in shaping the future trajectory of the aromatics industry. The forecast period (2025-2033) indicates a considerable increase in market size, signaling a promising outlook for investors and stakeholders.
Aromatics Industry Company Market Share
Aromatics Industry Market Report: 2019-2033
This comprehensive report provides an in-depth analysis of the global aromatics industry, offering crucial insights for strategic decision-making from 2019 to 2033. The study covers market size, segmentation, competitive landscape, and future growth projections, focusing on key players and emerging trends. The base year for this report is 2025, with the forecast period spanning from 2025 to 2033 and a historical period covering 2019-2024. Key segments analyzed include Ethylbenzene, Cumene, Alkylbenzene, Cyclohexane, Nitrobenzene, and Other Derivatives (Aniline, Maleic Anhydride, etc.). The report features analysis of over xx Million tons of production capacity and explores M&A activity with a total deal value exceeding xx Million USD.
Aromatics Industry Market Structure & Competitive Dynamics
The global aromatics market is characterized by a moderately concentrated structure with several multinational corporations holding significant market share. Key players, including Marathon Petroleum Company, Shell PLC, Exxon Mobil Corporation, BASF SE, and SABIC, compete intensely through product innovation, cost optimization, and strategic partnerships. Market share fluctuates based on global demand, feedstock prices, and technological advancements.
- Market Concentration: The top 5 players control approximately xx% of the global market share.
- Innovation Ecosystems: Significant investments are made in R&D to develop more efficient production processes and create new aromatics derivatives for diverse applications.
- Regulatory Frameworks: Stringent environmental regulations influence production processes and require companies to invest in emission reduction technologies. Compliance costs impact profitability and drive innovation in sustainable aromatics production.
- Product Substitutes: Bio-based aromatics are emerging as potential substitutes, presenting both opportunities and challenges for established players.
- End-User Trends: Growing demand from downstream sectors like plastics, fibers, and specialty chemicals drives market growth. Shifting consumer preferences towards sustainable materials impact product demand.
- M&A Activities: Recent years have witnessed significant mergers and acquisitions, such as INEOS’ acquisition of a 50% stake in Shanghai SECCO Petrochemical, signifying strategic expansion into high-growth markets and consolidation within the industry. The total value of M&A deals within the study period exceeded xx Million USD.
Aromatics Industry Trends & Insights
The aromatics industry is experiencing robust growth driven by increasing demand from various downstream sectors. The compound annual growth rate (CAGR) during the forecast period (2025-2033) is estimated to be xx%, driven primarily by increasing consumption in Asia-Pacific. Technological advancements in production processes, leading to increased efficiency and reduced costs, are also significant growth drivers. Growing consumer preference for lightweight and durable materials is further boosting demand for aromatics-based products. However, fluctuating crude oil prices and environmental regulations pose challenges to sustained growth. Market penetration in emerging economies continues to increase, with a projected penetration rate of xx% by 2033. Competitive dynamics remain intense with companies focusing on diversification, vertical integration, and strategic partnerships to gain a competitive edge.
Dominant Markets & Segments in Aromatics Industry
The Asia-Pacific region dominates the global aromatics market, driven by strong economic growth, expanding downstream industries, and rising disposable incomes. China, in particular, presents a significant market opportunity due to its robust petrochemical industry and substantial construction activity.
- Key Drivers of Dominance in Asia-Pacific:
- Rapid industrialization and urbanization
- Expanding automotive and packaging sectors
- Favorable government policies supporting infrastructure development
- Growing demand for consumer goods
Ethylbenzene: The ethylbenzene segment exhibits strong growth due to its extensive use in styrene production, a key raw material for polystyrene.
Cumene: The cumene segment is witnessing steady growth driven by its pivotal role in phenol and acetone production.
Alkylbenzene: This segment benefits from diverse applications across detergents, solvents, and other specialty chemicals.
Cyclohexane: Growing demand from the nylon industry drives the cyclohexane market.
Nitrobenzene: Applications in the production of aniline and other intermediates fuel steady growth within this segment.
Other Derivatives (Aniline, Maleic Anhydride, etc.): This segment exhibits a diverse growth trajectory reflecting the varied end-use applications of these chemicals. The overall growth is positively impacted by increasing demand for these chemicals in different downstream industries.
Aromatics Industry Product Innovations
Recent innovations focus on enhancing production efficiency, reducing environmental impact, and developing specialized aromatics derivatives for niche applications. Companies are increasingly adopting advanced technologies such as process intensification and catalysis to optimize production processes and improve yields. Bio-based aromatics are also gaining traction, driven by sustainability concerns. These advancements offer improved product performance and cost-effectiveness, providing competitive advantages in the marketplace.
Report Segmentation & Scope
This report segments the aromatics market based on derivative type (Ethylbenzene, Cumene, Alkylbenzene, Cyclohexane, Nitrobenzene, Other Derivatives), region (North America, Europe, Asia-Pacific, Middle East & Africa, South America), and application. Growth projections vary across segments, with some exhibiting faster growth than others due to factors like demand from specific end-use industries and the availability of alternative materials. Market size and competitive dynamics are detailed for each segment, offering a comprehensive overview of the market landscape.
Key Drivers of Aromatics Industry Growth
Several factors are driving the growth of the aromatics industry, including:
- Increasing demand from downstream sectors: The robust growth of the plastics, fibers, and specialty chemicals industries fuels the demand for aromatics.
- Technological advancements: Innovation in production processes leads to enhanced efficiency, reduced costs, and the development of new products.
- Economic growth in emerging economies: Rapid economic development in Asia and other regions is boosting the demand for aromatics-based products.
- Government policies: Favorable government policies supporting infrastructure development and industrial growth promote the expansion of the aromatics industry.
Challenges in the Aromatics Industry Sector
The aromatics industry faces various challenges:
- Fluctuating crude oil prices: Crude oil price volatility impacts the profitability of aromatics production.
- Stringent environmental regulations: Compliance with stricter environmental standards necessitates significant investments in emission control technologies.
- Supply chain disruptions: Geopolitical events and natural disasters can cause disruptions in the supply chain, impacting production and prices.
- Intense competition: The competitive landscape is highly fragmented, requiring companies to constantly innovate and improve efficiency to maintain a competitive edge. Price wars can impact profitability.
Leading Players in the Aromatics Industry Market
- Marathon Petroleum Company
- Shell PLC
- Exxon Mobil Corporation
- Braskem
- Chevron Phillips Chemical Company LLC
- INEOS
- Mitsubishi Chemical Corporation
- Reliance Industries Limited
- China Petroleum & Chemical Corporation
- BASF SE
- SABIC
- LG Chem
- Eastman Chemical Company
- Maruzen Petrochemical
- LyondellBasell Industries Holdings BV
- Flint Hills Resources
- SIBUR
- Hengyi Industries Sdn Bhd
Key Developments in Aromatics Industry Sector
- July 2022: INEOS acquired a 50% stake in Shanghai SECCO Petrochemical Company Limited, expanding its presence in the rapidly growing Chinese market and gaining access to a significant production capacity of 4.2 MMT of petrochemicals. This strategic move strengthens INEOS's position in the Asian aromatics market.
Strategic Aromatics Industry Market Outlook
The aromatics industry is poised for continued growth, driven by long-term trends in industrialization, urbanization, and increasing consumer demand. Strategic opportunities exist in developing sustainable production processes, expanding into emerging markets, and investing in innovative product applications. Companies that can effectively navigate the challenges of fluctuating raw material prices, environmental regulations, and intense competition will be best positioned for success in the years to come. Focus on sustainable production and diversification into high-growth segments will be crucial for long-term profitability and market share growth.
Aromatics Industry Segmentation
-
1. Derivative
- 1.1. Ethylbenzene
- 1.2. Cumene
- 1.3. Alkylbenzene
- 1.4. Cyclohexane
- 1.5. Nitrobenzene
- 1.6. Other De
Aromatics Industry Segmentation By Geography
-
1. Asia Pacific
- 1.1. China
- 1.2. India
- 1.3. Japan
- 1.4. South Korea
- 1.5. Rest of Asia Pacific
-
2. North America
- 2.1. United States
- 2.2. Canada
- 2.3. Mexico
-
3. Europe
- 3.1. Germany
- 3.2. United Kingdom
- 3.3. Italy
- 3.4. France
- 3.5. Russia
- 3.6. Rest of Europe
-
4. South America
- 4.1. Brazil
- 4.2. Argentina
- 4.3. Rest of South America
-
5. Middle East and Africa
- 5.1. Saudi Arabia
- 5.2. South Africa
- 5.3. Rest of Middle East and Africa
Aromatics Industry Regional Market Share
Geographic Coverage of Aromatics Industry
Aromatics Industry REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.5% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Demand for Styrene Polymers from Various End-user Industries; Other Drivers
- 3.3. Market Restrains
- 3.3.1. Detrimental Effects of Benzene Exposure; Other Restraints
- 3.4. Market Trends
- 3.4.1. Increasing Demand for Ethylbenzene
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Aromatics Industry Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Derivative
- 5.1.1. Ethylbenzene
- 5.1.2. Cumene
- 5.1.3. Alkylbenzene
- 5.1.4. Cyclohexane
- 5.1.5. Nitrobenzene
- 5.1.6. Other De
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. Asia Pacific
- 5.2.2. North America
- 5.2.3. Europe
- 5.2.4. South America
- 5.2.5. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Derivative
- 6. Asia Pacific Aromatics Industry Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Derivative
- 6.1.1. Ethylbenzene
- 6.1.2. Cumene
- 6.1.3. Alkylbenzene
- 6.1.4. Cyclohexane
- 6.1.5. Nitrobenzene
- 6.1.6. Other De
- 6.1. Market Analysis, Insights and Forecast - by Derivative
- 7. North America Aromatics Industry Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Derivative
- 7.1.1. Ethylbenzene
- 7.1.2. Cumene
- 7.1.3. Alkylbenzene
- 7.1.4. Cyclohexane
- 7.1.5. Nitrobenzene
- 7.1.6. Other De
- 7.1. Market Analysis, Insights and Forecast - by Derivative
- 8. Europe Aromatics Industry Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Derivative
- 8.1.1. Ethylbenzene
- 8.1.2. Cumene
- 8.1.3. Alkylbenzene
- 8.1.4. Cyclohexane
- 8.1.5. Nitrobenzene
- 8.1.6. Other De
- 8.1. Market Analysis, Insights and Forecast - by Derivative
- 9. South America Aromatics Industry Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Derivative
- 9.1.1. Ethylbenzene
- 9.1.2. Cumene
- 9.1.3. Alkylbenzene
- 9.1.4. Cyclohexane
- 9.1.5. Nitrobenzene
- 9.1.6. Other De
- 9.1. Market Analysis, Insights and Forecast - by Derivative
- 10. Middle East and Africa Aromatics Industry Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Derivative
- 10.1.1. Ethylbenzene
- 10.1.2. Cumene
- 10.1.3. Alkylbenzene
- 10.1.4. Cyclohexane
- 10.1.5. Nitrobenzene
- 10.1.6. Other De
- 10.1. Market Analysis, Insights and Forecast - by Derivative
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Marathon Petroleum Company
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Shell PLC
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Exxon Mobil Corporation
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Braskem
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Chevron Phillips Chemical Company LLC
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 INEOS
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Mitsubishi Chemical Corporation
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Reliance Industries Limited
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 China Petroleum & Chemical Corporation
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 BASF SE
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 SABIC
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 LG Chem
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.13 Eastman Chemical Company
- 11.2.13.1. Overview
- 11.2.13.2. Products
- 11.2.13.3. SWOT Analysis
- 11.2.13.4. Recent Developments
- 11.2.13.5. Financials (Based on Availability)
- 11.2.14 Maruzen Petrochemical
- 11.2.14.1. Overview
- 11.2.14.2. Products
- 11.2.14.3. SWOT Analysis
- 11.2.14.4. Recent Developments
- 11.2.14.5. Financials (Based on Availability)
- 11.2.15 LyondellBasell Industries Holdings BV
- 11.2.15.1. Overview
- 11.2.15.2. Products
- 11.2.15.3. SWOT Analysis
- 11.2.15.4. Recent Developments
- 11.2.15.5. Financials (Based on Availability)
- 11.2.16 Flint Hills Resources
- 11.2.16.1. Overview
- 11.2.16.2. Products
- 11.2.16.3. SWOT Analysis
- 11.2.16.4. Recent Developments
- 11.2.16.5. Financials (Based on Availability)
- 11.2.17 SIBUR*List Not Exhaustive
- 11.2.17.1. Overview
- 11.2.17.2. Products
- 11.2.17.3. SWOT Analysis
- 11.2.17.4. Recent Developments
- 11.2.17.5. Financials (Based on Availability)
- 11.2.18 Hengyi Industries Sdn Bhd
- 11.2.18.1. Overview
- 11.2.18.2. Products
- 11.2.18.3. SWOT Analysis
- 11.2.18.4. Recent Developments
- 11.2.18.5. Financials (Based on Availability)
- 11.2.1 Marathon Petroleum Company
List of Figures
- Figure 1: Global Aromatics Industry Revenue Breakdown (million, %) by Region 2025 & 2033
- Figure 2: Asia Pacific Aromatics Industry Revenue (million), by Derivative 2025 & 2033
- Figure 3: Asia Pacific Aromatics Industry Revenue Share (%), by Derivative 2025 & 2033
- Figure 4: Asia Pacific Aromatics Industry Revenue (million), by Country 2025 & 2033
- Figure 5: Asia Pacific Aromatics Industry Revenue Share (%), by Country 2025 & 2033
- Figure 6: North America Aromatics Industry Revenue (million), by Derivative 2025 & 2033
- Figure 7: North America Aromatics Industry Revenue Share (%), by Derivative 2025 & 2033
- Figure 8: North America Aromatics Industry Revenue (million), by Country 2025 & 2033
- Figure 9: North America Aromatics Industry Revenue Share (%), by Country 2025 & 2033
- Figure 10: Europe Aromatics Industry Revenue (million), by Derivative 2025 & 2033
- Figure 11: Europe Aromatics Industry Revenue Share (%), by Derivative 2025 & 2033
- Figure 12: Europe Aromatics Industry Revenue (million), by Country 2025 & 2033
- Figure 13: Europe Aromatics Industry Revenue Share (%), by Country 2025 & 2033
- Figure 14: South America Aromatics Industry Revenue (million), by Derivative 2025 & 2033
- Figure 15: South America Aromatics Industry Revenue Share (%), by Derivative 2025 & 2033
- Figure 16: South America Aromatics Industry Revenue (million), by Country 2025 & 2033
- Figure 17: South America Aromatics Industry Revenue Share (%), by Country 2025 & 2033
- Figure 18: Middle East and Africa Aromatics Industry Revenue (million), by Derivative 2025 & 2033
- Figure 19: Middle East and Africa Aromatics Industry Revenue Share (%), by Derivative 2025 & 2033
- Figure 20: Middle East and Africa Aromatics Industry Revenue (million), by Country 2025 & 2033
- Figure 21: Middle East and Africa Aromatics Industry Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Aromatics Industry Revenue million Forecast, by Derivative 2020 & 2033
- Table 2: Global Aromatics Industry Revenue million Forecast, by Region 2020 & 2033
- Table 3: Global Aromatics Industry Revenue million Forecast, by Derivative 2020 & 2033
- Table 4: Global Aromatics Industry Revenue million Forecast, by Country 2020 & 2033
- Table 5: China Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 6: India Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 7: Japan Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 8: South Korea Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 9: Rest of Asia Pacific Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 10: Global Aromatics Industry Revenue million Forecast, by Derivative 2020 & 2033
- Table 11: Global Aromatics Industry Revenue million Forecast, by Country 2020 & 2033
- Table 12: United States Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 13: Canada Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 14: Mexico Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 15: Global Aromatics Industry Revenue million Forecast, by Derivative 2020 & 2033
- Table 16: Global Aromatics Industry Revenue million Forecast, by Country 2020 & 2033
- Table 17: Germany Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 18: United Kingdom Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 19: Italy Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 20: France Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 21: Russia Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 22: Rest of Europe Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 23: Global Aromatics Industry Revenue million Forecast, by Derivative 2020 & 2033
- Table 24: Global Aromatics Industry Revenue million Forecast, by Country 2020 & 2033
- Table 25: Brazil Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 26: Argentina Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 27: Rest of South America Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 28: Global Aromatics Industry Revenue million Forecast, by Derivative 2020 & 2033
- Table 29: Global Aromatics Industry Revenue million Forecast, by Country 2020 & 2033
- Table 30: Saudi Arabia Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 31: South Africa Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
- Table 32: Rest of Middle East and Africa Aromatics Industry Revenue (million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Aromatics Industry?
The projected CAGR is approximately 5.5%.
2. Which companies are prominent players in the Aromatics Industry?
Key companies in the market include Marathon Petroleum Company, Shell PLC, Exxon Mobil Corporation, Braskem, Chevron Phillips Chemical Company LLC, INEOS, Mitsubishi Chemical Corporation, Reliance Industries Limited, China Petroleum & Chemical Corporation, BASF SE, SABIC, LG Chem, Eastman Chemical Company, Maruzen Petrochemical, LyondellBasell Industries Holdings BV, Flint Hills Resources, SIBUR*List Not Exhaustive, Hengyi Industries Sdn Bhd.
3. What are the main segments of the Aromatics Industry?
The market segments include Derivative.
4. Can you provide details about the market size?
The market size is estimated to be USD 297087.2 million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Demand for Styrene Polymers from Various End-user Industries; Other Drivers.
6. What are the notable trends driving market growth?
Increasing Demand for Ethylbenzene.
7. Are there any restraints impacting market growth?
Detrimental Effects of Benzene Exposure; Other Restraints.
8. Can you provide examples of recent developments in the market?
July 2022: INEOS agreed to acquire a 50% stake in Shanghai SECCO Petrochemical Company Limited, a subsidiary of China Petroleum & Chemical Corporation (SINOPEC). SECCO currently has a production capacity of 4.2 MMT of petrochemicals - including ethylene, propylene, polyethylene, polypropylene, styrene, polystyrene, acrylonitrile, butadiene, benzene, and toluene. It is a 200-hectare facility, located inside the Shanghai Chemical Industry Park. This will help the company to strengthen the company's hold in China.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Aromatics Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Aromatics Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Aromatics Industry?
To stay informed about further developments, trends, and reports in the Aromatics Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence