Report Description

Malaysia Aromatics market is anticipated to grow significantly rate in the projected period of 2028, driven by the increasing demand from construction industry. In 2022, the value of construction work by the public sector in Malaysia was valued at USD 5.91 billion.

Malaysia aromatics market is expected to expand during the projected period, due to increasing demand from construction industry as it is utilized as an additive in the construction material, especially in concrete, helping to enhance the workability, strength, and durability of concrete. In addition to this, aromatics are also used as sealants, coatings, and membranes in the construction industry which act as a hydrophobic material providing waterproofing and moisture barrier properties, while also providing protection against leakage, ultimately resulting in propelling the growth of Malaysia aromatics market in the projected period.

Malaysia aromatics market is a dynamic and competitive sector that offers opportunities for growth and innovation. The market players are focusing on expanding their product portfolio, enhancing their quality standards, improving their distribution network, and increasing their market share. Along with this, merger and acquisition activity in the aromatics market enhances companies' presence in the region as these acquisitions help companies to better serve their customers and meet the growing demand for aromatics in Malaysia in the forecasted period.

For instance, Petronas Chemicals Aromatics Sdn. Bhd. is a joint venture between Japanese and Malaysian companies, capable of producing 540,000 tons of paraxylene and 200,000 tons of benzene per year.

Growing Demand from Construction Industry  

The construction in Malaysia is experiencing rapid growth, fueled by infrastructure development, urbanization, and a booming real estate market. The Malaysian government has made considerable progress in expanding and modernizing its infrastructures throughout the country. This effort is evident in the five-year centralized economic development plan known as the Malaysia Plan.

For instance, in the 12th Malaysia Plan, the government announced its goal of developing 120 cities to achieve a sustainable city status by 2025, by providing additional support to private-sector projects implementing strategic development programs under Public Private Partnership (PPP) 3.0 model.

The government also intends to construct 500,000 affordable houses by 2025, increasing the construction activity in the country due to the increase in demand of construction material. Aromatics, such as naphthalene-based superplasticizers and lignosulfonates, are widely used as concrete additives and admixtures in the construction industry. These additives enhance the workability, strength, and durability of concrete, improving its resistance to cracking, reducing water content, and increasing the speed of construction. Aromatics-based additives also contribute to improved curing and increased concrete longevity, ensuring the longevity of structures. Effective waterproofing solutions are crucial for protecting buildings and infrastructure from moisture damage. Aromatics-based sealants, coatings, and membranes are extensively used in the construction industry to provide waterproofing and moisture barrier properties. These materials prevent water ingress, protect against leaks and moisture-related issues, and enhance the lifespan of structures, ensuring their structural integrity. In addition to this, aromatics find application in flooring and surface coatings, enhancing the aesthetics, durability, and protection of floors and surfaces in the construction industry. Aromatics-based coatings, such as epoxy and polyurethane coatings, offer excellent chemical resistance, abrasion resistance, and decorative finishes. These coatings are used in a wide range of applications, including industrial floors, commercial spaces, parking lots, and residential interiors, providing seamless, durable, and visually appealing surfaces. Moreover, energy efficiency is a growing concern in the construction industry, and insulation plays a vital role in achieving sustainable and energy-efficient buildings. Aromatics-based insulation materials, such as polyurethane foam, are used in roofing, wall insulation, and HVAC systems. These materials offer excellent thermal insulation properties, reducing heat transfer and minimizing energy consumption for cooling and heating, resulting in energy-efficient buildings with reduced environmental impact.  Along with this, aromatics, such as styrene, toluene, and xylene, are key components in the production of adhesive formulations that offer strong bonding, excellent adhesion to different substrates, and superior mechanical properties. These adhesives find application in bonding metals, plastics, wood, and other materials used in construction processes. Therefore, increasing utilization of aromatics in the construction industry propels the demand of the Malaysia aromatics market in the upcoming years.

Rising Demand from Pharmaceutical Sector

Healthcare sector has witnessed substantial growth in Malaysia, which is driven by an increasing prevalence of chronic diseases, and rising demand for healthcare services. The pharmaceuticals industry plays a pivotal role in meeting the healthcare needs of the country. Aromatics, such as benzene and toluene, serve as essential building blocks for the synthesis of active pharmaceutical ingredients (APIs) and intermediates. These APIs form the basis of various medications used for treating diseases and improving patient well-being. The pharmaceuticals industry is increasingly focusing on research and development (R&D) activities to develop innovative drugs and formulations. Aromatics find application in the synthesis and development of novel molecules and pharmaceutical compounds. The versatility of aromatics allows chemists and researchers to create structurally diverse compounds with specific properties and therapeutic effects. As R&D efforts intensify, the demand for aromatics in the pharmaceuticals industry increases. Moreover, advancements in technology have led to improved manufacturing processes and increased efficiency in the pharmaceuticals industry. Aromatics, as solvents and reagents, play a crucial role in optimizing these processes. They aid in the extraction, purification, and synthesis of pharmaceutical ingredients, ensuring high purity and quality. Additionally, advancements in catalysis and reaction engineering have enabled more efficient and sustainable production of pharmaceutical compounds using aromatics. Thus, increasing demand of aromatics from pharmaceutical sector dominates the growth of the Malaysia aromatics market in the forecast period.

Increasing Demand from Automotive Industry

Aromatics play a pivotal role in the automotive sector, offering a wide range of applications that enhance performance, functionality, and aesthetic appeal. Due to strict regulations regarding reducing carbon emissions and improving fuel efficiency, the automotive industry is increasingly adopting lightweight materials and technologies. Aromatics, such as polycarbonate and polystyrene, are widely used in manufacturing lightweight components, including interior trims, bumpers, and body panels. These materials offer excellent strength-to-weight ratios, contributing to overall vehicle weight reduction and fuel efficiency improvements. Safety is a paramount consideration in the automotive industry, and aromatics play a vital role in ensuring vehicle safety and durability. Aromatics, such as polyurethane and ABS (acrylonitrile butadiene styrene), are utilized in the production of airbags, seatbelts, dashboards, and other critical safety components. These materials provide excellent impact resistance, dimensional stability, and heat resistance, ensuring occupant safety and vehicle integrity. Along with this, aromatics-based materials, such as polyurethane foam and synthetic leather, are extensively used in seating, interior trims, and upholstery applications. These materials provide cushioning, sound insulation, and luxurious finishes in the automobile.

For instance, Petronas developed benzene which is used as coating, electronic laminates, adhesives, and composite materials for aerospace and automotive industry.

Thus, all such factors are expected to drive the demand for aromatics in the projected years.

However, the aromatics compounds are highly dependent on feedstock, particularly crude oil and natural gas. Fluctuations in crude oil and natural gas prices can significantly impact the production costs and profitability of aromatics manufacturers. To mitigate these issues, companies in the market need to adopt effective risk management strategies, such as hedging mechanisms and long-term supply agreements. This reduces the demand of aromatics and result in restraining the growth of the market. Moreover, aromatics materials on combustion produce a large amount of soot. This process increases the concentration of greenhouse gases result in rising global warming issue by releasing heat in the environment heating. Cycloalkanes which are composed of carbon and hydrogen atoms arranged in ring-like structures, have capability to reduce soot emissions compared to aromatics and other fuels used presently in jets & airplanes, make them an alternative attractive source, result in decreasing the demand further slowdown the market growth.  

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Recent Development

  • In 2022, Honeywell completed the engineering assessment for Pengerang Energy Complex (PEC) Greenfield Integrated Condensate Splitter & Aromatic Complex located in Johor, Malaysia.

Market Segmentation

Malaysia Aromatics Market is segmented based on type, application, end user industry, and region. Based on type, the market is divided into benzene, toluene, o-xylene, p-xylene, and others. Based on application, the market is categorized into solvent and additive. Based on end user industry, the market is fragmented into paint & coatings, adhesives, pharmaceuticals, chemicals, automotive, construction, personal care, and others. Based on region, the market is segregated into East Malaysia, and West Malaysia.

Company Profiles

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. are some of the key players in Malaysia Aromatics Market.



Base Year


Historic Data

2018 – 2021

Estimated Year


Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company shares, competitive landscape, growth factors, and trends

Segments covered



End User Industry

Region scope

East Malaysia, West Malaysia

Key companies profiled

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.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. 

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Malaysia Aromatics Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Malaysia Aromatics Market, By Type:
    • Benzene
    • Toluene
    • O-Xylene
    • P-Xylene
    • Others
  • Malaysia Aromatics Market, By Application:
    • Solvent
    • Additive
  • Malaysia Aromatics Market, By End User Industry:
    • Paint & Coatings
    • Adhesives
    • Pharmaceuticals
    • Chemicals
    • Automotive
    • Construction
    • Personal Care
    • Others
  • Malaysia Aromatics Market, By Region:
    • East Malaysia
    • West Malaysia  

Competitive landscape

Company Profiles: Detailed analysis of the major companies in Malaysia Aromatics Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Malaysia Aromatics Market is an upcoming report to be released soon. If you wish early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Malaysia Aromatics Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (Benzene, Toluene, O-Xylene, P-Xylene, Others)

5.2.2.    By Application (Solvent, Additive)

5.2.3.    By End User Industry (Paint & Coatings, Adhesives, Pharmaceuticals, Chemicals, Automotive, Construction, Personal Care, Others)

5.2.4.    By Region (East Malaysia, West Malaysia)

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Type

5.3.2.    By Application

5.3.3.    By End User Industry

5.3.4.    By Region

6.    East Malaysia Aromatics Market Outlook

6.1.  Market Size & Forecast        

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Application

6.2.3.    By End User Industry

7.    West Malaysia Aromatics Market Outlook

7.1.  Market Size & Forecast        

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By End User Industry

8.    Market Dynamics

8.1.  Drivers

8.2.  Challenges

9.    Market Trends & Developments

9.1.  Research & Development

9.2.  Product launch

9.3.  Merger & Acquisition

10.  Malaysia Aromatics Market: SWOT Analysis

11.  Porter’s Five Forces Analysis

11.1.             Competition in the Industry

11.2.             Potential of New Entrants

11.3.             Power of Suppliers

11.4.             Power of Customers

11.5.             Threat of Substitute Products

12.  Competitive Landscape

12.1.             Business Overview

12.2.             Product Offerings

12.3.             Recent Developments

12.4.             Financials (In Case of Listed Companies)

12.5.             Key Personnel

12.5.1. PETRONAS Chemicals Group Berhad

12.5.2. Chevron Phillips Chemical Malaysia Sdn. Bhd.

12.5.3. Shell Malaysia Plc

12.5.4. KP Malaysian corporation

12.5.5. ChemOne Group

12.5.6. BIS Chemicals Sdn Bhd.

12.5.7. Brenntag Sdn. Bhd.

13.  Strategic Recommendations

14.  About Us & Disclaimer

Figures and Tables

Frequently asked questions


Rising demand from the paints & coatings industry and aromatics rings in pharmaceutical industry are driving adoption of aromatics, ultimately driving the growth of Malaysia aromatics market.


Toxic effects of aromatics hydrocarbons and availability of substitutes, such as cycloalkanes, hampering the growth of Malaysia aromatics market.


Aromatics are used in manufacturing fuels, pesticides, lacquers, paints, detergents, etc.


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. are some of the key players in Malaysia aromatics market.


Sakshi Bajaal

Business Consultant
Press Release

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

Sep, 2023

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