Benzene Market to Reflect Steadfast Expansion During 2018 – 2023 | Worldwide Top Key Players - BASF SE, Braskem SE, CPC, DowDupont, Evonik Industries AG, Exxon Mobil, Ineos Group, JX Holdings

Marketprognosis.com Publish a New Market Research Report On “Global Benzene Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Benzene Market:

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.

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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 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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November, 2017: Saudi Arabian oil giant Saudi Aramco and Saudi Basic Industries Corp (SABIC), petrochemical manufacturer signed a preliminary deal to build a twenty billion dollar complex for conversion of crude oil to chemicals like benzene, polyethylene, xylene, polypropylene and other products

Major Key Players:

1 BASF SE

2 Braskem SE

3 Chevron Phillips Chemical Company LP

4 CPC Corporation

5 DowDupont

6 Evonik Industries AG

7 Exxon Mobil Corporation

8 Ineos Group

9 JX Holdings Inc.

10 LG Chem, Ltd and More…………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Benzene Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.