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Global Benzene Market Expected to Expand at a Steady CAGR through 2018-2024

01-28-2019 07:29 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Infinium Global Research

/ PR Agency: Infinium Global Research
Infinium Global Research

Infinium Global Research

The report defines the Global Benzene Market as an organic chemical compound that contains only carbon-hydrogen atoms joined in the ring structure.  Benzene is a liquid aromatic hydrocarbon that has found in the oil-refining processes as a by-product. It is a main part of gasoline. It has high flammable, volatile and toxic properties. Thus, it can cause several health-related issues such as central nervous system damage, bone marrow damage, and others. 

Download Exclusive Sample Copy of Report: https://www.infiniumglobalresearch.com/reports/sample-request/1447

Versatile applications of benzene are driving the growth of the benzene market. Benzene is the major component used in industrial chemical production and plastic manufacturing. In the chemical industry, Benzene vastly used as an intermediate to produce other chemicals. Benzene used to in the production of resins, synthetic fibers, rubber lubricants, dyes, detergents, drugs, and pesticides. In the manufacturing of Tire or Rubber, benzene and its derivatives used as a solvent. Benzene contained production are vastly used in the paint industry for cleaning and maintaining printing equipment. The report highlighted by applications of benzene market into Tire/Rubber Manufacturing, Printing, Petroleum/Oil, Chemicals And Plastic, Auto Repair, Medicine and other applications. Among these, Chemicals and Plastic applications hold significant shares in the benzene market.

Segmented by Derivatives

Global benzene market on the basis of derivatives is segregated into Ethylbenzene, Cumene, Styrene, Styrene, Aniline, Alkylbenzene, Cyclohexane, and others.  Ethylbenzene is a derivative of benzene that has high flammable property and odour similar to that of gasoline. It is naturally founded in the petroleum and coal tar.  Ethylbenzene is mainly used in the production of paints, inks, and pesticides. Other than this, Ethylbenzene is also used as a solvent in the fuel and manufacturing of other chemical compounds. The growing demand for ethylbenzene from the paint industry drives the growth of the benzene market.

Regional Analysis

Among the regions describers in the global benzene market, Asia Pacific held a substantial revenue share in the in 2017. It is expected to be the fastest growing region in this market over the forecast period of 2018 to 2024. The growing chemical industry and the high demand for benzene in paint and coating industry drives the growth of the benzene market in this region. In addition, the favourable government policies are contributing in Asia Pacific benzene market.

Competitive Landscape

The report provides profiles of the companies in the global benzene market such as BASF, Reliance Industries Limited, The Dow Chemical Company, ExxonMobil, and Shell, Royal Dutch Shell Plc., China National Petroleum Corporation, Total S.A., Saudi Basic Industries Corporation and others.

Read Detailed Index of full Research Study @

https://www.infiniumglobalresearch.com/chemical-material/global-benzene-market

About Infinium Global Research

Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.

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Infinium Global Research
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Rahatani Corner, Pune, MH 411027
Email: info@infiniumglobalresearch.com
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