Report Title: “Global Benzene Market – Segmented by Derivatives and Region – Growth, Trends and Forecasts (2018 – 2023)”
Benzene Market (2018 – 2023) research report provides List of manufacturers, regional analysis, segmentation by type & applications and the actual process of whole Benzene industry. Benzene Market report delivers a detailed study of present and upcoming Opportunities to clarify future investment in the market.
“Benzene Market report is expected to register a CAGR of 4.3% over a five years forecast period.”
List of Major Key players operating in the Global Benzene Market are –
- BASF SE
- BRASKEM SE
- CHEVRON PHILLIPS CHEMICAL COMPANY LP
- CPC CORPORATION
- EVONIK INDUSTRIES AG
- EXXON MOBIL CORPORATION
- INEOS GROUP
- JX HOLDINGS INC.
- LG CHEM
- LYONDELLBASELL INDUSTRIES NV
- MARUZEN PETROCHEMICAL CO.
- MITSUBISHI CORPORATION
- PETROCHINA COMPANY LTD.
- RELIANCE INDUSTRIES LIMITED
- ROYAL DUTCH SHELL PLC
- SAUDI BASIC INDUSTRIES CORP.
- SINOPEC ZHONGYUAN PETROCHEMICAL CORP. LTD.
- SK GLOBAL CHEMICAL CO. LTD.
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The global benzene market is expected to witness a CAGR of approximately 4.3% during the forecasted period, majorly driven by growing usage of synthetic polymers, such as polyester and polystyrene in the end-user industries, such as textile, packaging, building & construction, and electrical & electronics.
Ethyl Benzene is expected to dominate the benzene derivative market, owing to its usage in the production of styrene. The rising demand from construction and packaging industry for styrene derivatives is expected to propel the market for benzene.
Rapid Demand of Styrene Polymers for Various End-user Industries
Styrene polymers are used in various applications, like production of synthetic rubbers and expanded polystyrene. Styrene polymers are used in various every day products, like televisions, IT equipment, disposable medical products, like test kits, consumer electronics, like portable speakers, cassette tape housing, etc. Polystyrene in expanded form is used widely in packaging and construction. The growth of these end-user industries, especially in emerging markets, like China, India, and Russia is propelling the growth of styrene, which in turn is responsible for growth in usage of Benzene, as it is one of the key raw materials for styrene production.
Asia Pacific a Potential Market
Asia-pacific currently leads the consumption of benzene with ~50% share of global consumption. This region is also expected to be the fastest growing market during the forecasted period, with increasing markets for end-users like electronics and home appliances, packaging and construction in China, India, and ASEAN countries. United States and Western Europe are approaching a stage of maturity for this market.
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Global Benzene Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
- Asia Pacific (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- The Middle East and Africa
Key Questions Answered About Benzene Market:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the Benzene market for selective countries?
- Which region or sub-segment is selected is expected to drive the market in the forecast period?
- What factors are estimated to drive and restrain the market growth?
- What are the key technological and Benzene market trends shaping the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
Reasons to Purchase Benzene Market Report:
- The report analyses how stringent emission control norms will drive the global Benzene market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Benzene market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Benzene Market Report TOC Includes:
- Introduction of Benzene Market
- Research Approach and Methodology
- Benzene Market Overview
- Benzene Market Segmentation
- Competitive Landscape
- Company Profiles
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