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Report

North America Aromatic Compounds Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Market Report I 2025-06-05 I 122 Pages I EMR Inc.

The North America aromatic compounds market size reached USD 55.20 Billion in 2024. The market is expected to grow at a CAGR of 4.70% between 2025 and 2034, reaching almost USD 87.38 Billion by 2034.

The North America aromatic compounds market is a thriving segment within the chemical industry while witnessing robust growth and offering lucrative prospects for stakeholders. These compounds, characterised by their distinct fragrance, find extensive use in perfumes, cosmetics, pharmaceuticals, and food additives. Derived from both natural sources like plants and flowers and synthesised through chemical processes, aromatic compounds play a pivotal role in industries relying on sensory appeal.

Key players are investing in R&D to develop innovative aromatic compounds to meet evolving consumer preferences and regulatory standards. The market's growth is fuelled by factors such as increased demand for fragrances and flavours, especially in emerging economies like India and China, and expanding applications in various sectors like packaging, automotive, and electronics.

Aromatic compounds, derived from petroleum sources or coal tar, are witnessing heightened demand from industries such as paints and coatings, pharmaceuticals, and medical devices. Rising investments in R&D, particularly in major companies, and technological advancements are driving the North America aromatic compounds market development.

The U.S. dominates the aromatic compounds market, driven by increased R&D activities and demand for automotive coatings. The market is poised for growth, supported by expanding applications, technological advancements, and rising demand for lighter, fuel-efficient vehicle components made from aromatic compounds.

Opportunities for growth include the use of bio-based aromatics and technological advancements to reduce waste. Overall, the aromatic compounds market is expected to thrive, driven by increasing demand from various industries and advancements in production techniques.

Market Segmentation

North America Aromatic Compounds Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

- Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
- Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
- Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
- Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
- Others

- Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
- Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
- Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
- Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
- Others

- Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
- Benzene _x000D_ _x000D_ Ethylbenzene _x000D_ Cumene _x000D_ Cyclohexane _x000D_ _x000D_
- Xylene _x000D_ _x000D_ P-Xylene _x000D_ M-Xylene _x000D_ O-Xylene _x000D_ _x000D_
- Toluene _x000D_ _x000D_ Solvents _x000D_ Toluene Diisocyanate _x000D_ _x000D_
- Others

- Others

Market Breakup by Application

- Additive
- Solvent

Market Breakup by End-Use

- Detergent And Dyes
- Paint and Coating
- Pharmaceuticals
- Household Goods
- Others

Market Breakup by Country

- United States
- Canada

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

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Aromatic Compounds Market Overview
5.1 Key Industry Highlights
5.2 Global Aromatic Compounds Historical Market (2018-2024)
5.3 Global Aromatic Compounds Market Forecast (2025-2034)
5.4 Global Aromatic Compounds Market Share by Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 North America Aromatic Compounds Market Analysis
6.1 Key Industry Highlights
6.2 North America Aromatic Compounds Historical Market (2018-2024)
6.3 North America Aromatic Compounds Market Forecast (2025-2034)
7 North America Aromatic Compounds Market by Type
7.1 Benzene
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.1.3 Breakup by Type
7.1.3.1 Ethylbenzene
7.1.3.2 Cumene
7.1.3.3 Cyclohexane
7.2 Xylene
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.2.3 Breakup by Type
7.2.3.1 P-Xylene
7.2.3.2 M-Xylene
7.2.3.3 O-Xylene
7.3 Toluene
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.3.3 Breakup by Type
7.3.3.1 Solvents
7.3.3.2 Toluene Diisocyanate
7.4 Others
8 North America Aromatic Compounds Market by Application
8.1 Additive
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Solvent
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
9 North America Aromatic Compounds Market by End Use
9.1 Detergent And Dyes
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Paint and Coating
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Pharmaceuticals
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Household Goods
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
9.5 Others
10 North America Aromatic Compounds Market by Country
10.1 United States of America
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Canada
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
14.1 Benzene Historical Price Trends (2018-2024) and Forecast (2025-2034)
14.2 Xylene Historical Price Trends (2018-2024) and Forecast (2025-2034)
14.3 Toluene Historical Price Trends (2018-2024) and Forecast (2025-2034)
15 Competitive Landscape
15.1 Supplier Selection
15.2 Key Global Players
15.3 Key Regional Players
15.4 Key Player Strategies
15.5 Company Profiles
15.5.1 Shell Plc
15.5.1.1 Company Overview
15.5.1.2 Product Portfolio
15.5.1.3 Demographic Reach and Achievements
15.5.1.4 Certifications
15.5.2 Exxon Mobil Corporation
15.5.2.1 Company Overview
15.5.2.2 Product Portfolio
15.5.2.3 Demographic Reach and Achievements
15.5.2.4 Certifications
15.5.3 BASF SE
15.5.3.1 Company Overview
15.5.3.2 Product Portfolio
15.5.3.3 Demographic Reach and Achievements
15.5.3.4 Certifications
15.5.4 Chevron Phillips Chemical Company LLC
15.5.4.1 Company Overview
15.5.4.2 Product Portfolio
15.5.4.3 Demographic Reach and Achievements
15.5.4.4 Certifications
15.5.5 TotalEnergies SE
15.5.5.1 Company Overview
15.5.5.2 Product Portfolio
15.5.5.3 Demographic Reach and Achievements
15.5.5.4 Certifications
15.5.6 Toray Industries Inc.
15.5.6.1 Company Overview
15.5.6.2 Product Portfolio
15.5.6.3 Demographic Reach and Achievements
15.5.6.4 Certifications
15.5.7 Thermo Fisher Scientific Inc.
15.5.7.1 Company Overview
15.5.7.2 Product Portfolio
15.5.7.3 Demographic Reach and Achievements
15.5.7.4 Certifications
15.5.8 INEOS Capital Limited
15.5.8.1 Company Overview
15.5.8.2 Product Portfolio
15.5.8.3 Demographic Reach and Achievements
15.5.8.4 Certifications
15.5.9 Tokyo Chemical Industry Co., Ltd.
15.5.9.1 Company Overview
15.5.9.2 Product Portfolio
15.5.9.3 Demographic Reach and Achievements
15.5.9.4 Certifications
15.5.10 Others

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