Basic Aromatics Market Growth Insights and Trends (2021-2031)
The basic aromatics market size is projected to reach US$ 259.55 billion by 2031 from US$ 161.59 billion in 2023. The market is expected to register a CAGR of 6.1% during 2023–2031. The advancement in recovery processes of basic aromatics with techniques such as continuous catalytic reforming has improved yield and stability, which is likely to bring new trends into the basic aromatics market.
Basic Aromatics Market Analysis
Paints and coatings are used for decorative purposes and enhancing surface properties such as corrosion resistance, scratch resistance, adhesion, appearance, and water resistance. Paints & coatings are increasingly used in end-use industries such as construction, furniture, automotive & transportation, and other industrial applications. Basic aromatics such as benzene, toluene, and xylene play a major role in the paints and coatings industry. Benzene is used as a precursor to produce various resins and polymers, such as styrene, which are major components in paints & coatings formulations. Thus, the flourishing paints and coatings industry drives the basic aromatics market growth.
Basic Aromatics Market Overview
Basic aromatics are cyclic hydrocarbon compounds with benzene rings. A few of the most used basic aromatic compounds are benzene, toluene, xylene, cresol, and pyridine. Basic aromatics, namely benzene and xylene, are used to produce pesticides. Benzene is used primarily as a solvent in the pharmaceutical industry for chemical synthesis. Benzene is also used to produce rubber, dyes, drugs, and lubricants. Basic aromatics are used in the production of construction chemicals such as adhesives, lacquers, paints, and coatings.
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Basic Aromatics Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Basic Aromatics Market: Strategic Insights
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Basic Aromatics Market Drivers and Opportunities
Rising Demand for Solvents Across End-Use Industries
The demand for basic aromatics such as benzene, toluene, and xylene as solvents is influenced by several factors, such as versatility, efficiency, and its utilization across end-use industries. The solubility properties of basic aromatics have made these compounds ideal for numerous applications in the chemical, pharmaceutical, and other manufacturing sectors. The ability of basic aromatics to dissolve a wide range of organic compounds plays a significant role in the production of paints & coatings, and adhesives. Mixed xylenes can be used as solvents and in the printing, rubber, and leather industries. High-purity xylenes are also used as a cleaning product in the production of electronic components. Nitration-grade toluene is used as a solvent and also in the production of phenol, particularly in Europe. In the printing industry, basic aromatics are essential constituents in the formulation of printing inks. Toluene is broadly used as a solvent in gravure printing inks due to its excellent solubility and fast-drying properties. In the rubber industry, basic aromatics are used as solvents in the polymerization processes to manufacture synthetic rubber, such as butadiene rubber and styrene-butadiene rubber.
Industrial Growth in Emerging Economies
In the coming years, the advanced manufacturing sector is expected to grow in Asia Pacific. Basic aromatics such as benzene, toluene, and xylene are major feedstock used in the production of synthetic fibers, chemicals, rubber, adhesives, and paints and coatings. Toluene is utilized to produce drugs and medicines. Basic aromatics are also used in the production of synthetic fibers such as nylon, polyester, and synthetic resins such as polyethylene terephthalate, polystyrene, and acrylonitrile butadiene styrene. The manufacturing output in Asia Pacific has grown as companies continue to expand their manufacturing footprint in various countries across the region. Many supportive initiatives and policies launched by governments of different countries in Asia Pacific attract foreign direct investment in several sectors such as plastics, textiles, rubber, paints & coatings, pharmaceuticals, and chemicals. Many countries have set ambitious GDP contribution targets for the manufacturing sector.
Basic Aromatics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the basic aromatics market analysis are type and end use.
- The basic aromatics market, based on type, is segmented into styrene monomer, divinylbenzene, benzene, toluene, xylene, cresol, and pyridine. The xylene segment held the largest share of the market in 2023.
- By end use, the market is segmented into pharmaceuticals, pesticides, agriculture, food and beverages, cosmetics and personal care, paints and coatings, and solvents. The solvents segment dominated the basic aromatics market in 2023.
Basic Aromatics Market Share Analysis by Geography
The geographic scope of the basic aromatics market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific held the largest market share in 2023 and is expected to register the highest CAGR during the forecast period. The market growth in the region is attributed to the increased demand for these bins from the pharmaceutical industry. According to the Invest India report, in terms of pharmaceutical production by volume, the pharmaceutical industry in India ranks third worldwide and was valued at US$ 50 billion in 2023.
Basic Aromatics Market Report Scope
Basic Aromatics Market News and Recent Developments
The basic aromatics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the basic aromatics market are listed below:
- BioBTX, a pioneering developer of renewable aromatics technology in the Netherlands, has secured over US$ 86.59 million to launch its first commercial-scale plant. This investment will fund the world’s first renewable chemicals plant utilizing BioBTX’s innovative ICCP Technology to produce sustainable aromatics (BTX) from plastic waste and biomass. (Source: BioBTX, Company News, June 2024)
- INEOS, one of the world's largest manufacturing companies, has completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of US$5 billion. (Source: INEOS, Press Release, January 2021)
Basic Aromatics Market Report Coverage and Deliverables
The “Basic Aromatics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Basic aromatics market size and forecast for all the key market segments covered under the scope
- Basic aromatics market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- Basic aromatics market analysis covering key market trends, country framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the basic aromatics market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The solvent segment held the largest share in the global basic aromatics market in 2023.
The xylene segment held the largest share in the global basic aromatics market in 2023.
The market is expected to register a CAGR of 6.1% during 2023–2031.
The Dow Chemical Co, Exxon Mobil Corp, Lanxess AG, Sasol Ltd, Lyondellbasell Industries NV, BASF SE, Nippon Steel Corp, Shell Plc, Ineos Group Holdings SA, and Jubilant Ingrevia Ltd are among the leading market players.
The advancement in recovery processes of basic aromatics is expected to emerge as a future trend in the market.
The continuous growth of the paints & coatings industry fuels the basic aromatics market growth.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Basic Aromatics Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Threat of Substitutes:
4.2.3 Bargaining Power of Buyers:
4.2.4 Bargaining Power of Suppliers:
4.2.5 Competitive Rivalry:
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industry
4.4 List of Vendors
5. Basic Aromatics Market – Key Market Dynamics
5.1 Basic Aromatics Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growth of Paints & Coatings Industry
5.2.2 Rising Demand for Solvents Across End-Use Industries
5.3 Market Restraints
5.3.1 Fluctuation in Raw Material Prices
5.4 Market Opportunities
5.4.1 Industrial Growth in the Emerging Economies
5.5 Future Trends
5.5.1 Advancement in Recovery Processes of Basic Aromatics
5.6 Impact of Drivers and Restraints:
6. Basic Aromatics Market – Global Market Analysis
6.1 Basic Aromatics Market Volume (Kilo Tons), 2021–2031
6.2 Basic Aromatics Market Volume Forecast and Analysis (Kilo Tons)
6.3 Basic Aromatics Market Revenue (US$ Million), 2023–2031
6.4 Basic Aromatics Market Forecast and Analysis
7. Basic Aromatics Market Volume and Revenue Analysis – by Type
7.1 Styrene Monomer
7.1.1 Overview
7.1.2 Styrene Monomer: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.3 Styrene Monomer: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Divinylbenzene
7.2.1 Overview
7.2.2 Divinylbenzene: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
7.2.3 Divinylbenzene: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Benzene
7.3.1 Overview
7.3.2 Benzene: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
7.3.3 Benzene: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Toluene
7.4.1 Overview
7.4.2 Toluene: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
7.4.3 Toluene: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Xylene
7.5.1 Overview
7.5.2 Xylene: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
7.5.3 Xylene: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
7.6 Cresol
7.6.1 Overview
7.6.2 Cresol: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
7.6.3 Cresol: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
7.7 Pyridine
7.7.1 Overview
7.7.2 Pyridine: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
7.7.3 Pyridine: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
8. Basic Aromatics Market Revenue Analysis – by End Use
8.1 Pharmaceuticals
8.1.1 Overview
8.1.2 Pharmaceuticals: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Pesticides
8.2.1 Overview
8.2.2 Pesticides: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Agriculture
8.3.1 Overview
8.3.2 Agriculture: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Food and Beverages
8.4.1 Overview
8.4.2 Food and Beverages: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Cosmetics and Personal Care
8.5.1 Overview
8.5.2 Cosmetics and Personal Care: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Paints and Coatings
8.6.1 Overview
8.6.2 Paints and Coatings: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
8.7 Solvents
8.7.1 Overview
8.7.2 Solvents: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9. Basic Aromatics Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Basic Aromatics Market Overview
9.2.2 North America Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
9.2.3 North America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.2.4 North America Basic Aromatics Market Breakdown by Type
9.2.4.1 North America Basic Aromatics Market Volume and Forecast and Analysis – by Type
9.2.4.2 North America Basic Aromatics Market Revenue and Forecast and Analysis – by Type
9.2.5 North America Basic Aromatics Market Breakdown by End Use
9.2.5.1 North America Basic Aromatics Market Revenue and Forecast and Analysis – by End Use
9.2.6 North America Basic Aromatics Market Revenue and Forecast and Analysis – by Country
9.2.6.1 North America Basic Aromatics Market Volume and Forecast and Analysis – by Country
9.2.6.2 North America Basic Aromatics Market Revenue and Forecast and Analysis – by Country
9.2.6.3 United States Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.3.1 United States Basic Aromatics Market Breakdown by Type
9.2.6.4 Canada Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.4.1 Canada Basic Aromatics Market Breakdown by Type
9.2.6.5 Mexico Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.5.1 Mexico Basic Aromatics Market Breakdown by Type
9.3 Europe
9.3.1 Europe Basic Aromatics Market Overview
9.3.2 Europe Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
9.3.3 Europe Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.3.4 Europe Basic Aromatics Market Breakdown by Type
9.3.4.1 Europe Basic Aromatics Market Volume and Forecast and Analysis – by Type
9.3.4.2 Europe Basic Aromatics Market Revenue and Forecast and Analysis – by Type
9.3.5 Europe Basic Aromatics Market Breakdown by End Use
9.3.5.1 Europe Basic Aromatics Market Revenue and Forecast and Analysis – by End Use
9.3.6 Europe Basic Aromatics Market Revenue and Forecast and Analysis – by Country
9.3.6.1 Europe Basic Aromatics Market Volume and Forecast and Analysis – by Country
9.3.6.2 Europe Basic Aromatics Market Revenue and Forecast and Analysis – by Country
9.3.6.3 Germany Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.3.1 Germany Basic Aromatics Market Breakdown by Type
9.3.6.4 France Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.4.1 France Basic Aromatics Market Breakdown by Type
9.3.6.5 United Kingdom Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.5.1 United Kingdom Basic Aromatics Market Breakdown by Type
9.3.6.6 Italy Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.6.1 Italy Basic Aromatics Market Breakdown by Type
9.3.6.7 Russia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.7.1 Russia Basic Aromatics Market Breakdown by Type
9.3.6.8 Rest of Europe Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.8.1 Rest of Europe Basic Aromatics Market Breakdown by Type
9.4 Asia Pacific
9.4.1 Asia Pacific Basic Aromatics Market Overview
9.4.2 Asia Pacific Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
9.4.3 Asia Pacific Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.4.4 Asia Pacific Basic Aromatics Market Breakdown by Type
9.4.4.1 Asia Pacific Basic Aromatics Market Volume and Forecast and Analysis – by Type
9.4.4.2 Asia Pacific Basic Aromatics Market Revenue and Forecast and Analysis – by Type
9.4.5 Asia Pacific Basic Aromatics Market Breakdown by End Use
9.4.5.1 Asia Pacific Basic Aromatics Market Revenue and Forecast and Analysis – by End Use
9.4.6 Asia Pacific Basic Aromatics Market Revenue and Forecast and Analysis – by Country
9.4.6.1 Asia Pacific Basic Aromatics Market Volume and Forecast and Analysis – by Country
9.4.6.2 Asia Pacific Basic Aromatics Market Revenue and Forecast and Analysis – by Country
9.4.6.3 Australia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.3.1 Australia Basic Aromatics Market Breakdown by Type
9.4.6.4 China Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.4.1 China Basic Aromatics Market Breakdown by Type
9.4.6.5 India Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.5.1 India Basic Aromatics Market Breakdown by Type
9.4.6.6 Japan Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.6.1 Japan Basic Aromatics Market Breakdown by Type
9.4.6.7 South Korea Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.7.1 South Korea Basic Aromatics Market Breakdown by Type
9.4.6.8 Rest of APAC Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.8.1 Rest of APAC Basic Aromatics Market Breakdown by Type
9.5 Middle East and Africa
9.5.1 Middle East and Africa Basic Aromatics Market Overview
9.5.2 Middle East and Africa Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
9.5.3 Middle East and Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.5.4 Middle East and Africa Basic Aromatics Market Breakdown by Type
9.5.4.1 Middle East and Africa Basic Aromatics Market Volume and Forecast and Analysis – by Type
9.5.4.2 Middle East and Africa Basic Aromatics Market Revenue and Forecast and Analysis – by Type
9.5.5 Middle East and Africa Basic Aromatics Market Breakdown by End Use
9.5.5.1 Middle East and Africa Basic Aromatics Market Revenue and Forecast and Analysis – by End Use
9.5.6 Middle East and Africa Basic Aromatics Market Revenue and Forecast and Analysis – by Country
9.5.6.1 Middle East and Africa Basic Aromatics Market Volume and Forecast and Analysis – by Country
9.5.6.2 Middle East and Africa Basic Aromatics Market Revenue and Forecast and Analysis – by Country
9.5.6.3 South Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.3.1 South Africa Basic Aromatics Market Breakdown by Type
9.5.6.4 Saudi Arabia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.4.1 Saudi Arabia Basic Aromatics Market Breakdown by Type
9.5.6.5 United Arab Emirates Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.5.1 United Arab Emirates Basic Aromatics Market Breakdown by Type
9.5.6.6 Rest of Middle East and Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.6.1 Rest of Middle East and Africa Basic Aromatics Market Breakdown by Type
9.5.6.6.2 Rest of Middle East and Africa Basic Aromatics Market Breakdown by End Use
9.6 South and Central America
9.6.1 South and Central America Basic Aromatics Market Overview
9.6.2 South and Central America Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
9.6.3 South and Central America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.6.4 South and Central America Basic Aromatics Market Breakdown by Type
9.6.4.1 South and Central America Basic Aromatics Market Volume and Forecast and Analysis – by Type
9.6.4.2 South and Central America Basic Aromatics Market Revenue and Forecast and Analysis – by Type
9.6.5 South and Central America Basic Aromatics Market Breakdown by End Use
9.6.5.1 South and Central America Basic Aromatics Market Revenue and Forecast and Analysis – by End Use
9.6.6 South and Central America Basic Aromatics Market Revenue and Forecast and Analysis – by Country
9.6.6.1 South and Central America Basic Aromatics Market Volume and Forecast and Analysis – by Country
9.6.6.2 South and Central America Basic Aromatics Market Revenue and Forecast and Analysis – by Country
9.6.6.3 Brazil Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.3.1 Brazil Basic Aromatics Market Breakdown by Type
9.6.6.4 Argentina Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.4.1 Argentina Basic Aromatics Market Breakdown by Type
9.6.6.5 Rest of South and Central America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.5.1 Rest of South and Central America Basic Aromatics Market Breakdown by Type
10. Competitive Landscape
10.1 Heat Map Analysis – By Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 The Dow Chemical Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Exxon Mobil Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lanxess AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sasol Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 LyondellBasell Industries NV
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 BASF SE
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Nippon Steel Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Shell Plc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 INEOS Group Holdings SA
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Jubilant Ingrevia Limited
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. Basic Aromatics Market Segmentation
Table 2. List of Vendors
Table 3. Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Table 4. Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 6. Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 7. Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by End Use
Table 8. Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 9. North America Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 10. North America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 11. North America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 12. North America Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 13. North America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 14. United States Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 15. United States Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 16. United States Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 17. Canada Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 18. Canada Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 19. Canada Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 20. Mexico Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 21. Mexico Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 22. Mexico Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 23. Europe Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 24. Europe Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 25. Europe Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 26. Europe Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 27. Europe Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 28. Germany Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 29. Germany Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 30. Germany Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 31. France Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 32. France Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 33. France Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 34. United Kingdom Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 35. United Kingdom Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 36. United Kingdom Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 37. Italy Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 38. Italy Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 39. Italy Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 40. Russia Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 41. Russia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 42. Russia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 43. Rest of Europe Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 44. Rest of Europe Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 45. Rest of Europe Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 46. Asia Pacific Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 47. Asia Pacific Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 48. Asia Pacific Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 49. Asia Pacific Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 50. Asia Pacific Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 51. Australia Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 52. Australia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 53. Australia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 54. China Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 55. China Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 56. China Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 57. India Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 58. India Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 59. India Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 60. Japan Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 61. Japan Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 62. Japan Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 63. South Korea Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 64. South Korea Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 65. South Korea Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 66. Rest of APAC Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 67. Rest of APAC Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 68. Rest of APAC Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 69. Middle East and Africa Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 70. Middle East and Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 71. Middle East and Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 72. Middle East and Africa Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 73. Middle East and Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 74. South Africa Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 75. South Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 76. South Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 77. Saudi Arabia Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 78. Saudi Arabia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 79. Saudi Arabia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 80. United Arab Emirates Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 81. United Arab Emirates Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 82. United Arab Emirates Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 83. Rest of Middle East and Africa Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 84. Rest of Middle East and Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 85. Rest of Middle East and Africa Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by
Table 86. Rest of Middle East and Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 87. South and Central America Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 88. South and Central America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 89. South and Central America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 90. South and Central America Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 91. South and Central America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 92. Brazil Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 93. Brazil Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 94. Brazil Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 95. Argentina Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 96. Argentina Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 97. Argentina Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 98. Rest of South and Central America Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 99. Rest of South and Central America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 100. Rest of South and Central America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
List of Figures
Figure 1. Basic Aromatics Market Segmentation, by Geography
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem Analysis: Basic Aromatic Market
Figure 4. Global Electric Car Sales (2016–2023)
Figure 5. Fluctuation in US Retail Regular Gasoline Prices and Refiner Acquisition Cost of Crude Oil
Figure 6. Impact Analysis of Drivers and Restraints
Figure 7. Basic Aromatics Market Volume (Kilo Tons), 2021–2031
Figure 8. Basic Aromatics Market Revenue (US$ Million), 2023–2031
Figure 9. Basic Aromatics Market Share (%) – Type, 2023 and 2031
Figure 10. Styrene Monomer: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 11. Styrene Monomer: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Divinylbenzene: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 13. Divinylbenzene: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Benzene: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 15. Benzene: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Toluene: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 17. Toluene: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Xylene: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 19. Xylene: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Cresol: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 21. Cresol: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Pyridine: Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 23. Pyridine: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Basic Aromatics Market Share (%) – End Use, 2023 and 2031
Figure 25. Pharmaceuticals: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. Pesticides: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Agriculture: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 28. Food and Beverages: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 29. Cosmetics and Personal Care: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 30. Paints and Coatings: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 31. Solvents: Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 32. Basic Aromatics Market Breakdown by Region, 2023 and 2031 (%)
Figure 33. North America Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 34. North America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 35. North America Basic Aromatics Market Breakdown by Type (2023 and 2031)
Figure 36. North America Basic Aromatics Market Breakdown by End Use (2023 and 2031)
Figure 37. North America Basic Aromatics Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 38. United States Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 39. Canada Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 40. Mexico Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 41. Europe Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 42. Europe Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 43. Europe Basic Aromatics Market Breakdown by Type (2023 and 2031)
Figure 44. Europe Basic Aromatics Market Breakdown by End Use (2023 and 2031)
Figure 45. Europe Basic Aromatics Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 46. Germany Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 47. France Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 48. United Kingdom Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 49. Italy Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 50. Russia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 51. Rest of Europe Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 52. Asia Pacific Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 53. Asia Pacific Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 54. Asia Pacific Basic Aromatics Market Breakdown by Type (2023 and 2031)
Figure 55. Asia Pacific Basic Aromatics Market Breakdown by End Use (2023 and 2031)
Figure 56. Asia Pacific Basic Aromatics Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 57. Australia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 58. China Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 59. India Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 60. Japan Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 61. South Korea Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 62. Rest of APAC Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 63. Middle East and Africa Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 64. Middle East and Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 65. Middle East and Africa Basic Aromatics Market Breakdown by Type (2023 and 2031)
Figure 66. Middle East and Africa Basic Aromatics Market Breakdown by End Use (2023 and 2031)
Figure 67. Middle East and Africa Basic Aromatics Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 68. South Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 69. Saudi Arabia Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 70. United Arab Emirates Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 71. Rest of Middle East and Africa Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 72. South and Central America Basic Aromatics Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 73. South and Central America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 74. South and Central America Basic Aromatics Market Breakdown by Type (2023 and 2031)
Figure 75. South and Central America Basic Aromatics Market Breakdown by End Use (2023 and 2031)
Figure 76. South and Central America Basic Aromatics Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 77. Brazil Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 78. Argentina Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 79. Rest of South and Central America Basic Aromatics Market – Revenue and Forecast to 2031 (US$ Million)
Figure 80. Heat Map Analysis – By Key Players
Figure 81. Company Positioning & Concentration
The List of Companies - Basic Aromatics Market
- The Dow Chemical Co
- Exxon Mobil Corp
- Lanxess AG
- Sasol Ltd
- Lyondellbasell Industries NV
- BASF SE
- Nippon Steel Corp
- Shell Plc
- Ineos Group Holdings SA
- Jubilant Ingrevia Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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