Global Aromatic Oils Market: Key Players, Insights & Innovation with Forecast 2023-2033

Global Aromatic Oils Market was valued at US$3632 million in 2023 and is projected to reach US$4256 million by 2033, at a CAGR of 3.2% during the forecast period. Aromatic oils are base oils derived from crude oil refining, rich in aromatic hydrocarbons, and widely used in industries like rubber processing, adhesives, and metalworking due to their strong solvency. While effective, their use is limited in environmentally sensitive areas. The global market is growing steadily, with Light Aromatic Oils (LAOs) expected to see notable growth by 2033. Key players include Shell, ExxonMobil, Chevron, and Nynas. The report provides insights into market size, trends, applications, regional analysis, and competitive landscape from 2023 to 2033.
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