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BASF SE
Royal Dutch Shell
TotalEnergies
Chevron Phillips Chemical
Repsol S.A.
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INEOS Group
Mitsubishi Chemical Corporation
Formosa Plastics Corporation
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PTT Global Chemical
Eastman Chemical Company
China National Petroleum Corporation(CNPC)
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Aromatic Hydrocarbon Market is estimated to be valued at USD 10.43 Bn in 2025 and is expected to reach USD 16.12 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.42% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 10.43 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
6.42%
2032 Value Projection:
USD 16.12 Bn
The global aromatic hydrocarbon market represents a fundamental pillar of the petrochemical industry, encompassing a diverse range of chemical compounds characterized by their distinctive ring structures and unique molecule ar properties.
Aromatic hydrocarbons, including benzene, toluene, xylene, styrene, and ethylbenzene, serve as essential building blocks for numerous industrial applications spanning plastics manufacturing, synthetic rubber production, pharmaceuticals, agrochemicals, and specialty chemical synthesis.
Market Dynamics
The global aromatic hydrocarbon market operates within a complex ecosystem of drivers, restraints, and opportunities that collectively shape its trajectory and growth potential. Primary market drivers include robust demand from downstream industries such as plastics and polymers manufacturing, where aromatic hydrocarbons serve as essential raw materials for producing polyethylene terephthalate (PET), polystyrene, and other high-volume plastics used in packaging, automotive, and consumer goods sectors.
Key Features of the Study
This report provides in-depth analysis of the global aromatic hydrocarbon market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global aromatic hydrocarbon market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ExxonMobil Chemical, BASF SE, Royal Dutch Shell, TotalEnergies, Chevron Phillips Chemical, Repsol S.A., LyondellBasell Industries, SABIC, INEOS Group, Mitsubishi Chemical Corporation, Formosa Plastics Corporation, LG Chem, PTT Global Chemical, Eastman Chemical Company, and China National Petroleum Corporation (CNPC)
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global aromatic hydrocarbon market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aromatic hydrocarbon market
Market Segmentation
Product Type Insights (Revenue, USD Bn, 2020 - 2032)
Benzene
Toluene
Xylene
Naphthalene
Others
Application Insights (Revenue, USD Bn, 2020 - 2032)
Chemical Production
Solvents
Fuel Additives
Plastics
Others
Regional Insights (Revenue, USD Bn, 2020 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
ExxonMobil Chemical
BASF SE
Royal Dutch Shell
TotalEnergies
Chevron Phillips Chemical
Repsol S.A.
LyondellBasell Industries
SABIC
INEOS Group
Mitsubishi Chemical Corporation
Formosa Plastics Corporation
LG Chem
PTT Global Chemical
Eastman Chemical Company
China National Petroleum Corporation (CNPC)
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Aromatic Hydrocarbon Market, By Product Type
Global Aromatic Hydrocarbon Market, By Application
Global Aromatic Hydrocarbon Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Aromatic Hydrocarbon Market, By Product Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Benzene
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Toluene
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Xylene
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Naphthalene
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Aromatic Hydrocarbon Market, By Application, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Chemical Production
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Solvents
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Fuel Additives
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Plastics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Aromatic Hydrocarbon Market, By Region, 2020 - 2032, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Latin America
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
South Africa
North Africa
Central Africa
7. Competitive Landscape
ExxonMobil Chemical
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
BASF SE
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Royal Dutch Shell
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
TotalEnergies
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Chevron Phillips Chemical
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Repsol S.A.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
LyondellBasell Industries
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
SABIC
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
INEOS Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Mitsubishi Chemical Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Formosa Plastics Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
LG Chem
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
PTT Global Chemical
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Eastman Chemical Company
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
China National Petroleum Corporation (CNPC)
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
8. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
9. References and Research Methodology
References
Research Methodology
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