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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Key players are engaged in product development to gain a competitive edge in the market.
- Shell Plc
- Exxon Mobil Corporation
- BASF SE
- Chevron Phillips Chemical Company LLC
- TotalEnergies SE
- Toray Industries Inc.
- Thermo Fisher Scientific Inc.
- INEOS Capital Limited
- Tokyo Chemical Industry Co., Ltd.
- Others
North America Aromatic Compounds Market Report Snapshots
North America Aromatic Compounds Market Size
North America Aromatic Compounds Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to be valued at USD 55.2 billion in 2023.
The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The aromatic compounds market is expected to witness significant growth to reach USD 83.8 billion in 2032.
The market is categorised according to its application, which includes additive and solvent.
The key market players are Shell Plc, Exxon Mobil Corporation, BASF SE, Chevron Phillips Chemical Company LLC, TotalEnergies SE, Toray Industries Inc., Thermo Fisher Scientific Inc., INEOS Capital Limited, Tokyo Chemical Industry Co., Ltd., and others.
The market is driven by factors that include increased demand for fragrances and flavours expanding applications in various sectors like packaging and automotive, and rising demand for lighter, fuel-efficient vehicle components made from aromatic compounds.
The market is categorised according to its end-use, which includes detergent and dyes, paint and coating, pharmaceuticals, household goods, and others.
Benzene is the most common parent aromatic compound structure.
Aromatic compounds, characterised by their stability and unsaturation, typically exhibit non-polar properties and do not mix well with water. When ignited, they produce a sooty yellow flame owing to their high carbon-to-hydrogen ratio. Unlike addition reactions, aromatic compounds primarily undergo substitution reactions.
Renowned aromatic blends include the French mirepoix, comprising onions, leeks, carrots, and celery, the Cajun/Creole holy trinity consisting of onions, green bell peppers, and celery, and the Asian trinity featuring ginger, garlic, and scallions.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124