Press Release

Malaysia Aromatics Market to be Dominated by Paint & Coatings Segment Through 2028

Malaysia Aromatics Market is expected to grow in the forecast period 2024-2028 due to the growing demand of aromatic compounds from the construction industry


According to TechSci Research report, “Malaysia Aromatics Market - By Region, Competition, Forecast and Opportunities, 2018-2028F”, Malaysia aromatics market size is anticipated to increase at a substantial rate in the forecast period. A significant factor fueling the growth of Malaysia aromatics market is the increasing demand from paint & coatings. Aromatics play a crucial role in the formulation of paints and coatings, offering desirable properties such as solvency, color, and durability. In addition, aromatics, such as toluene and xylene, are essential components in the formulation of solvent-based coatings, which are widely used in the industry. These solvents help in achieving the desired viscosity, flow, and drying characteristics, thereby enhancing the overall quality and performance of paints and coatings.


Along with this, aromatics contribute to the formulation of high-performance coatings that provide excellent color retention, weather resistance, and protection against corrosion and abrasion. Moreover, aromatics, such as styrene, toluene, and xylene, are key components in the production of adhesive, which provide superior bonding strength, flexibility, and resistance to environmental conditions, enabling efficient packaging of diverse materials, including paper, cardboard, plastic, and flexible packaging films formulations. Along with this, aromatics are used in household and kitchen goods such as interior panels of refrigerators including see-through drawers & compartments which are most often made with corrosion-resistant and tough plastic materials such as Polystyrene or Polycarbonate. For example, toluene-derived polyurethane is used between molded panels of the fridge to keep cold from dissipating, cool fridge for longer hours, and save electricity bills. Additionally, gas burners, milk bottles, microwave oven, meat trays, pots & pans, and coffee machines, are all made from materials derived from aromatics, making food safer and easier to use, resulting in propelling the growth of Malaysia aromatics market.


For instance, Chevron Phillips Chemical produces styrene monomer which generates polystyrene that is used in food and beverage packaging, insulation and cushion packaging, disposables, and low-cost consumer products.


Furthermore, the market is being further stimulated by increasing demand from pharmaceuticals, chemicals, automotive, construction, personal care, etc.


However, fluctuations in crude oil prices can have a direct impact on the cost of producing aromatics, as the aromatic compounds are highly dependent on feedstock, particularly crude oil and natural gas, resulting in restraining the growth of the market. Also, toxic effects of aromatics hydrocarbons and availability of substitutes, such as cycloalkanes further slow down the market growth.



Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Malaysia Aromatics Market"



Malaysia Aromatics Market is segmented based on type, application, end user industry, and region.

Based on the type, the market is divided into benzene, toluene, o-xylene, p-xylene, and others. Benzene segment is expected to hold the largest market share in the forecast period, due to high demand of benzene in various applications such as in the production of rubber, detergent, plastics, and resins.


Based on the application, the market is categorized into solvent and additives. Solvent segment is expected to hold the largest market share in the forecast period.  These solvents produced through crude petroleum distillation in the oil refining industry are broadly used as corrosion inhibitors in oil and gas pipelines to perform fractional distillation, which avoids deterioration of inner walls of pipelines, owing to high contents of carbon dioxide, hydrogen sulfide, and other corrosive products.


Based on the end user industry, the market is fragmented into paint & coatings, adhesives, pharmaceuticals, chemicals, automotive, construction, personal care, and others. Pharmaceutical segment is expected to hold the largest market share in the forecast period. Aromatics serve as essential building blocks for the synthesis of active pharmaceutical ingredients (APIs) and intermediates used for treating diseases and improving patient well-being.



Major companies operating in the Malaysia Aromatics Market are:

  • PETRONAS Chemicals Group Berhad
  • Chevron Phillips Chemical Malaysia Sdn. Bhd.
  • Shell Malaysia Plc
  • KP Malaysian corporation
  • ChemOne Group
  • BIS Chemicals Sdn Bhd.
  • Brenntag Sdn. Bhd.


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“Malaysia aromatics market has seen significant growth in recent years, driven by the increasing demand from pharmaceutical sector, as aromatics like benzene and toluene and its derivatives are used as essential component in the manufacturing of drugs, active pharmaceutical ingredients (APIs) and intermediates. Moreover, increasing utilization of aromatics in the construction sector in the form of concrete additives and admixtures which improve the workability, strength, and durability of concrete, improving its resistance to cracking, and reducing water content, result in increasing utilization in various  residential and commercial projects that are supported by the government creating huge prospects of market growth during the forecast period” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.


Malaysia Aromatics Market, By Type (Benzene, Toluene, O-Xylene, P-Xylene, Others), By Application (Solvent, Additive), By End User Industry (Paint & Coatings, Adhesives, Pharmaceuticals, Chemicals, Automotive, Construction, Personal Care, Others), By Region, Competition, Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of Malaysia aromatics market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Malaysia Aromatics market.”


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