Press release
Benzene Market Size and Forecast to Grow at a CAGR of 4.51% By 2021
Benzene is one of the natural components of crude oil. It is a highly flammable colorless liquid with a sweet odor. Benzene is primarily used as an intermediate to make chemicals such as styrene, ethylbenzene, cumene, cyclohexane, and nitrobenzene. More than 50% of the entire benzene produced is processed into styrene, which is used to make plastics and polymers. A small amount of benzene is used to make rubbers, detergents, explosives, lubricants, dyes, drugs, and pesticides.
Technavios analysts forecast the global benzene market to grow at a CAGR of 4.51% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global benzene market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Benzene Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
BASF
ExxonMobil
Reliance Industries Limited
Shell
The Dow Chemical Company
Other prominent vendors
China National Petroleum Corporation (CNPC)
GS Caltex
Haldia Petrochemicals
Indian Oil Corporation
NAFTPRO Petroleum Products
Phillips 66
PTT Global Chemical
RTGERS
Saudi Arabian Oil
Market driver
Increasing demand for benzene for various applications
For a full, detailed list, view our report
Market challenge
Fluctuating prices of benzene in the domestic markets of various countries
For a full, detailed list, view our report
Market trend
Declining crude oil prices
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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