The North America aromatic compounds market is expected to reach 32,640.70 Thousand Tons by 2025 from 23,792.35 Thousand Tons in 2017, at a CAGR of 4.2% in the forecast period 2018 to 2025.
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. The aromatic compounds market in the North America region is leading in U.S.
The key market players for North America aromatic compounds Market are listed below;
Exxon Mobil Corporation
Shell Chemicals
China Petrochemical Corporation
Total
The market is further segmented into;
Source
Type
End Use
Geography
The North America aromatic compounds market is segmented on the basis of source, type, end use and geography. The report provides data for 2016 to 2025, 2017 being the current year while 2018 to 2025 is the forecast period for the report.
The North America 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 68.3% market share in 2017, growing at the highest CAGR of 4.4% in the forecast period.
The North America aromatic compounds market is segmented based on type into three notable segments; benzene, xylene and toluene. Benzene is further segmented into its derivative as ethylbenzene, cumene, cyclohexane, chlorobenzene and alkyl benzene. Xylene is further segmented into its derivative as p-xylene, m-xylene and o-xylene. Toluene is further segmented into its derivative as solvents, toluene di isocyanate and others. The aromatic compounds market is dominated by benzene with 56.74% market share in 2017, growing at the highest CAGR of 4.5% in the forecast period.
The North America aromatic compounds market is segmented based on end use into three notable segments; benzene end use, xylene end use and toluene end use. Benzene end use is sub segmented into detergent and dyes, automobile, packaging, pharmaceuticals and cosmetics, medical devices electronic and household goods and others. Xylene end use is sub segmented into packaging, clothing, paint and coatings, tyres, PVC pipes and cables and others. Toluene end use is sub segmented into gasoline, tyres, pharmaceuticals and cosmetics, household goods, paint and coatings and others.
Based on geography, the North America aromatic compounds market is segmented into geographical regions, such as
U.S.
Canada
Mexico
Covered in this report
The report covers the present scenario and the growth prospects of the North America aromatic compounds market for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
You can request one free hour of our analyst?s time when you purchase this market report. Details are provided within the report.
