The global aromatic solvents market size was valued at USD 8.60 billion in 2024 and is expected to reach USD 11.26 billion by 2032, at a CAGR of 3.42% during the forecast period
The increase in demand for these solvents from the paint and coating industries due to their high solvency property, as well as their growing popularity, are the primary drivers driving the aromatic solvents market. These solvents dissolve or disperse a wide range of components to produce high-quality pigments, extenders, additives, and binders, increasing their demand
The introduction of severe regulatory rules promoting the investigation of substitutes owing to concerns about the emission of volatile organic compounds (VOCs) and the trend towards non-aromatic solvents, on the other hand, are factors projected to hinder the aromatic solvents market