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 Solventsmarket 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
2020
2021
2022
2023
Value
Aromatic and Aliphatic Solventsmarket 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.
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