| Product Code: ETC5881372 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for aromatic solvents in 2024 showed a notable growth rate of 17.0% from 2023. The compound annual growth rate (CAGR) for the period 2020-2024 was 15.14%. This robust import momentum can be attributed to a steady demand shift towards aromatic solvents in various industries, indicating a stable and growing market for these products in Armenia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Aromatic Solvents Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Aromatic Solvents Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Aromatic Solvents Market - Industry Life Cycle |
3.4 Armenia Aromatic Solvents Market - Porter's Five Forces |
3.5 Armenia Aromatic Solvents Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Aromatic Solvents Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Armenia Aromatic Solvents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry, leading to increased demand for aromatic solvents in paints and coatings. |
4.2.2 Rising automotive production and sales, driving the need for aromatic solvents in vehicle refinishing and maintenance. |
4.2.3 Growing awareness and inclination towards eco-friendly solvents, boosting the demand for bio-based aromatic solvents. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of aromatic solvents. |
4.3.2 Stringent regulations on volatile organic compounds (VOCs) emissions, limiting the use of aromatic solvents in certain applications. |
5 Armenia Aromatic Solvents Market Trends |
6 Armenia Aromatic Solvents Market Segmentations |
6.1 Armenia Aromatic Solvents Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Aromatic Solvents Market Revenues & Volume, By Toluene Solvents, 2021-2031F |
6.1.3 Armenia Aromatic Solvents Market Revenues & Volume, By Xylene Solvents , 2021-2031F |
6.1.4 Armenia Aromatic Solvents Market Revenues & Volume, By Ethylbenzene Solvents, 2021-2031F |
6.2 Armenia Aromatic Solvents Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Armenia Aromatic Solvents Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 Armenia Aromatic Solvents Market Revenues & Volume, By Printing Inks, 2021-2031F |
6.2.4 Armenia Aromatic Solvents Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.5 Armenia Aromatic Solvents Market Revenues & Volume, By Cleaning & Degreasing, 2021-2031F |
7 Armenia Aromatic Solvents Market Import-Export Trade Statistics |
7.1 Armenia Aromatic Solvents Market Export to Major Countries |
7.2 Armenia Aromatic Solvents Market Imports from Major Countries |
8 Armenia Aromatic Solvents Market Key Performance Indicators |
8.1 Adoption rate of bio-based aromatic solvents in the market. |
8.2 Number of new product innovations and technological advancements in the aromatic solvents industry. |
8.3 Level of investment in research and development for sustainable solvents. |
9 Armenia Aromatic Solvents Market - Opportunity Assessment |
9.1 Armenia Aromatic Solvents Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Armenia Aromatic Solvents Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Armenia Aromatic Solvents Market - Competitive Landscape |
10.1 Armenia Aromatic Solvents Market Revenue Share, By Companies, 2024 |
10.2 Armenia Aromatic Solvents Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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