China Petrochemical Corporation and Shell Chemicals are Dominating the Market for Global Aromatic Compounds Market In 2017

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Global Aromatic Compounds Market
Global Aromatic Compounds Market accounted value
of 168,733.35 Thousand Tons by 2025 from
122,012.03 Thousand Tons in 2017, at a CAGR of
4.3
Global Aromatic Compounds Market By Source
(Reformate, Pyrolysis Gasoline, Coke Oven Light
Oil), By Type (BenzeneEthylbenzene, Cumene,
Cyclohexane, XyleneP-xylene, M-xylene,
O-xylene, Others), By End Use (Packaging,
Detergent Dyes, Automobile, Electronic Devices,
PVC Pipes Cables, Others), By Geography (North
America, South America, Europe, Asia-Pacific,
Middle East Africa)- Industry Trends and
Forecast to 2025.
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Report Description
The major factors driving the growth of this
market are the increased demand of aromatic
compounds in gasoline, crude oil or petroleum
industry, increased usage of benzene and toluene
in pharmaceuticals and growth in detergent
industry. On the other hand, imposition of
regulations on aromatic compounds and
alternatives of aromatic compounds may hinder the
growth of the market.
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Market Segmentation

• The global aromatic compounds market is segmented
  based on source into three notable segments
  reformate, pyrolysis gasoline and coke oven light
  oil.
• The aromatic compounds market is dominated by
  reformate with 69.7 market share in 2017,
  growing at the highest CAGR of 4.5 in the
  forecast period.
• The global aromatic compounds market is segmented
  based on type into three notable segments
  benzene, xylene and toluene. The global aromatic
  compounds market is segmented based on end use
  into three notable segments benzene end use,
  xylene end use and toluene end use.

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Key Drivers

• Some of the major factors driving the market for
  global aromatic compounds are increased demand of
  aromatic compounds in gasoline, crude oil or
  petroleum industry, increased usage of benzene
  and toluene in pharmaceuticals and growth in
  detergent industry.
• Imposition of regulations on aromatic compounds
  and alternatives of aromatic compounds are the
  factor which may hinder the growth of this
  market.
• End number of applications will drive the market
  in future.

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Key Points Global Aromatic Compounds Market

• China Petrochemical Corporation is going to
  dominate the aromatic compounds market following
  with Shell Chemicals, Exxon Mobil Corporation and
  Total along with others such as CBI, Honeywell
  International Inc., Lyondell Basell Industries
  Holdings B.V., and Saudi Basic Industries
  Corporation among others.
• Xylene market is growing with the highest CAGR
• Reformate are driving the market with highest
  market share
• p- xylene segment is dominating the aromatic
  compounds market

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atic-compounds-market
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