According the report, Increasing Usage of Aromatic in Oil & Gas Industry as Corrosion Inhibitors is one of the primary growth factors for the market. Growth of the Paint & Coating Industry Owing To Developments in the Construction Industry
is also expected to contribute significantly to the Aromatic Solvents market. Overall, Paints & Coatings
applications of Aromatic Solvents, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Aromatic Solvents market identified that the demand is rising in many different parts of the world as "There Is an Increased Opportunity for the Usage of Aromatic Solvents in Pharmaceuticals Industry
". Furthermore, some recent industry insights like "In May 2017, Exxonmobil Chemical Company Announced That its Singapore Affiliate Completed Its Acquisition of One of The World’s Largest Aromatics Facilities, Jurong Aromatics Corporation, On Jurong Island in Singapore." is constantly making the industry dynamic. One of the challenges that industry facing is "Increasing Adoption of Non-Aromatic Solvents May Pose A Challenge for the Market Expansion"
The Function, such as Dilution Agent, is boosting the Aromatic Solvents market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Sales Channel, such as Direct Sales, is boosting the Aromatic Solvents market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Aromatic Solvents market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Aromatic Solvents market and other related sub-markets covered in the study.
o Key & emerging players in the Aromatic Solvents market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Aromatic Solvents market size is calculated using market estimation process, the Aromatic Solvents market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Aromatic Solvents market size has been validated using both top-down and bottom-up approaches.