China Petrochemical Corporation and Shell Chemicals are Dominating the Market for Global Aromatic Compounds Market In 2017

Global Aromatic Compounds Market is expected to reach 168,733.35 Thousand Tons by 2025 from 122,012.03 Thousand Tons in 2017, at a CAGR of 4.3% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Reformate market with highest market share  has the largest market segment in aromatic compounds market.Global Aromatic Compounds MarketAccess Full Report: http://databridgemarketresearch.com/reports/global-aromatic-compounds-market/

The global aromatic compounds market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. China Petrochemical Corporation dominates aromatic compounds market, accounting for the highest market share in 2017, followed by Shell Chemicals, Exxon Mobil Corporation and Total. Other players in this market include CB&I, Honeywell International Inc., Reliance Industries Limited, INEOS, Chevron Phillips Chemical Company, Toray Industries, Inc., The Dow Chemical Company, Caltex Corporation, LyondellBasell Industries Holdings B.V., and Saudi Basic Industries among others holds 15.5% of the global aromatic compounds market in 2017.

China Petrochemical Corporation:

Founded in 1998 and headquartered in Beijing, China. China National Petroleum Corporation (CNPC) is an integrated international energy company Revenue Analysis. CNPC is China's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers and a globally reputed contractor in engineering construction, with businesses covering petroleum exploration & production, natural gas & pipelines, refining & marketing, oilfield services, engineering construction, petroleum equipment manufacturing and new energy development, as well as capital management, finance and insurance services.

Shell Chemicals:

Founded in 1929 and headquartered in The Hague, The Netherlands. The company produces ethylene, propylene, styrene monomer, ethylene glycol, solvents, and detergent alcohols. It has four business segments that are integrated gas, Upstream, Downstream, and Corporate. The Aromatic compounds lie in the integrated gas Segments.

Exxon Mobil Corporation:

Founded in 1999 and headquartered at Irving, Texas, U.S. The company has three business segment which are Upstream, Downstream, and Chemical It manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products..

Recent Developments:

  1. In May, 2017, ExxonMobil Chemical Company has reached an agreement with Jurong Aromatics Corporation Pte Ltd to acquire its plant located on Jurong Island in Singapore. The plant, one of the largest in the world with an annual production capacity of 1.4 million tonnes, presents operational and logistical synergies for ExxonMobil’s integrated refining and petrochemical complex nearby.