Aromatic Solvents Market was $9.31 billion in 2021 and is expected to be around $11.36 billion in 2026 with a current CAGR of 5.11%. The Global Aromatic Solvents Market is expected to witness slow growth during the forecast period (2022– 2027).

Aromatic solvents is a solvent that contains an aromatic hydrocarbon such as naptha, toluene or xylene. Aromatic solvents are primarily used as solvents and diluents in various industrial fields. Aromatic solvents such as toluene are commonly used in paints, varnishes, adhesives and as chemical intermediates; these are the main factors that have considerably increased the demand for the Aromatic solvents in the market, thereby driving the huge growth of the Aromatic solvents market in the upcoming years

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Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Aromatic solvents in the market is mainly due to the rise in demand for these solvents from the paints and coating industry due to their high solvency property and their gaining popularity are the major factors driving the aromatic solvents market. These solvents dissolve or disperse variety of components to bring excellent pigments, extenders, additives and binders which increase their demand. The increase of their use in various end user industries especially oilfield chemical, pharmaceuticals and automotive also influence the aromatic solvents market; these are the main factors that have considerably increased the demand for the Aromatic solvents in the market, thereby driving the huge growth of the Aromatic solvents market in the upcoming years

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Report is segmented as:

Aromatic solvents Market is segmented on the basis of by :

By Type (Toluene Solvents, Xylene Solvents And Ethylbenzene Solvents),
By Application (Paints & Coatings, Printing Inks, Adhesives, Cleaning & Degreasing)
Geographical Segmentation:

Aromatic solvents Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Aromatic solvents is due to the increase in usage of aromatic solvents in the automotive and construction sectors in the region these are the main factors that have considerably increased the demand for the Aromatic solvents in the North America , followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Aromatic solvents Market

Impact of COVID-19 on Market

Covid -19 pandemic has affected the growth of business of every sector and it also affected the growth of the Aromatic solvents market, and temporary lack of growth in export and import activities, which has impacted the rays of Aromatic solvents market growth. Covid-19 pandemic has impacted huge on the sales revenue of Aromatic solvents market. Due to the government restrictions like lockdown in many countries has shutdown the commercial and industrial establishments and also stopped in transportation these made huge loss for Aromatic solvents market. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus.

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