Infinium Global Research Aromatic and Aliphatic Solvents Market | Page 10

A r omatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023 applications as herbicides, fungicides, insecticides and some others. Aliphatic solvents are comparatively less harmful than aromatic solvents. The aromatic solvents market size was more than USD 5.40 billion in 2015. The global aromatic and aliphatic solvents market is projected to reach USD X.xx billion by 2023, growing with a CAGR of 3.5% from 2017 to 2023. Europe dominates the world Aromatic and Aliphatic Solvents market in terms of dollar share, and it is anticipated to grow at the highest CAGR over the forecast period. The growth in the Europe region is primarily driven by the demand for conventional solvents is making way for bio-based solvents in the European aromatic and aliphatic solvents market. GLOBAL AROMATIC AND ALIPHATIC SOLVENTSMARKET PROJECTION, 2015 – 2023 (USD BILLION) GLOBAL AROMATIC AND ALIPHATIC SOLVENTSMARKET, 2015 – 2023 (USD BILLION) 2016 2017 2018 2019 Value 2020 2021 2022 2023 Aromatic and Aliphatic Solvents market is expected to experience significant growth globally. The global market for Aromatic and Aliphatic Solvents is expected to grow at a CAGR 3.5% over the period of 2017 to 2023, significant growth in application industries is expected to impact the growth rate over the forecast period. 10 | ©Infinium Global Research