Aromatics Global Market Briefing 2018

Aromatics Global Market Briefing 2018

  • April 2018 •
  • 32 pages •
  • Report ID: 5376909 •
  • Format: PDF
Aromatics are organic chemical compounds that are characterized by circular planar conjugated ring structures and are known for their flexible and useful chemical properties. They are derived during the distillation of crude oil in refineries.

Some examples of aromatic compounds include, benzene, toluene, aniline, cumene and others.

Asia-Pacific was the largest region in the aromatics market in 2017, accounting for $75.0 billion or 40.3% share in the market. This was due to high consumption of aromatics in crude oil refining, automotive and pharmaceutical industries.
North America was the second largest region in the aromatics market in 2017, accounting for 19.7% share in the market.
Middle East was the smallest region in the aromatics market in 2017, accounting for 4.0% share in the market.

Increased Aromatics Production From Biomass
Production of aromatic fine chemicals from non-food biomass in bio-refineries linked to the production of biofuels is a trend that is picking up recently.The advances in Metabolic Engineering and Bioprocess Optimization have helped in enhancing the microbial conversion rate of biomass into aromatic compounds, which was expensive in the past.

For instance, Anellotech, a company involved in developing a process to make aromatic chemicals from non-food biomass, has won $9 million in funding from the Japanese beverage maker Suntory.Anellotech has already started a pilot plant for the purpose.

In future, the beverage makers intend to use bio-based raw materials to make polyester beverage containers.

The Aromatics Global Market Briefing 2018 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the global aromatics market.

Reasons to Purchase
• Fully updated for 2018.
• Identify growth segments and opportunities.
• Facilitate decision making on the basis of historic and forecast data and understand the drivers and restraints on the market.
• Develop strategies based on likely future developments.
• Gain a global perspective on the development of the market.

Description
The Aromatics Global Market Briefing 2018 from The Business Research Company covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market.

The market characteristics section of the report defines and explains the market.

The market size section gives the aromatics market revenues, covering both the historic growth of the market and forecasting the future.

Drivers and restraints looks at the external factors supporting and controlling the growth of the market.

Market segmentations break down the key sub sectors which make up the market. The regional breakdowns section gives the size of the market geographically.

Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in the last three years are identified.

The trends and strategies section highlights the likely future developments in the aromatics market and suggests approaches.

Scope
Markets Covered: Xylene; Styrene; Paraxylene; Benzene; Toluene; MDI; Phenol; Acetone; PTA; TDI
Companies Mentioned: China National Petroleum Corporation; BP plc; ExxonMobil Corporation; Alpek S.A.B de C.V; Dow Chemicals Company; Shell Chemicals Ltd.; Indorama Ventures; Reliance Industries Limited
Geographic scope: Asia Pacific, North America, Western Europe, Eastern Europe, South America, Middle East and Africa.
Time series: Five years historic and forecast.
Data: Market value in $ billions
Data segmentations: Regional breakdowns, market share of competitors, key sub segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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