The global aromatics market is projected at USD 26.4 billion in 2024, reflecting robust consumption across key industries, including packaging, automotive chemicals, textiles, plastics and polymers, and specialty chemicals. Industrial applications of aromatics are particularly significant in polyester fibers, PET packaging, solvents, adhesives, paints, coatings, pharmaceuticals, fragrances, cosmetics, and construction materials. Regionally, Europe commands premium pricing driven by stringent regulatory compliance under REACH and occupational exposure standards, while North America emphasizes high-value specialty derivatives. Asia-Pacific and the Middle East leverage integrated refinery-petrochemical complexes to maintain cost-efficient production, contributing over 50 million tonnes of benzene-equivalent output in 2023. Demand across end-use industries is expected to grow steadily, propelled by rising consumption of PET, styrene, and phenol, although growth rates are moderated by feedstock volatility, energy costs, and logistical challenges.
Aromatics overview
Published by MMR Statistics Research Team, Updated
