Press release
Benzene Market Size to Reach $111.1 Billion by 2026 with CAGR of 4.2% | Industry Player - Royal Dutch Shell Plc., Dow DuPont, BASF, Reliance Industries, Indian Oil Corporation Ltd.and Others
Benzene Market Size to Reach $111.1 Billion by 2026
Benzene is an aromatic hydrocarbon and a commodity petrochemical product. It is produced as by-product in stream crackers and refineries, thus its supply and demand is driven by other products derived from it. Benzene is a basic chemical and a building block for many other chemical synthesis of the global chemical and petrochemical value chain.
Request for a sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/benzene-market/request-for-sample?utm_source=openpr.com&utm_medium=referral&utm_campaign=KDM_01april_Benzene_sample&utm_content=content
Benzene is used in a broad range of economic sectors such as electrical & electronics, construction, consumer products, transportation, and medical. This petrochemical product has many derivatives such as ethyl benzene, nitrobenzene, cumene, cyclohexane, alkyl benzene, chlorobenzene, aniline, and phenol.
The global benzene market comprises of large number of international and domestic producers. Global benzene industry has witnessed a shift in competitive landscape towards closer proximity of the refineries. Some of the major benzene market players include Sinopec, BASF, China National Petroleum Corporation, Saudi Basic Industries Corporation, Dow DuPont, ExxonMobil Corporation, and Royal Dutch Shell plc.
The rapidly growing industries such as packaging, construction, bulk chemicals & materials, automotive, textiles and building & construction have substantially driven the applications for the benzene derivatives globally influencing the benzene market growth. Rising population in tandem with the increase in disposable incomes has led to growth of many consumer products and bulk materials. Low cost of the feedstock and economical commodity product prices have also contributed to the higher consumption of benzene derivatives.
Benzene is a petrochemical derivative and thus is subjected to price volatility. The fluctuations in the prices of crude oil directly affect the prices of the by-products derived from its hydrocarbon stream in refineries. The benzene industry is highly regulated in terms of policy frameworks as benzene is a toxic chemical where its highlevel exposure can lead to serious environmental implications.
Make Inquiry about this report @ https://www.polarismarketresearch.com/industry-analysis/benzene-market?utm_source=openpr.com&utm_medium=referral&utm_campaign=KDM_01april_Benzene_RD1&utm_content=content
Asia Pacific is the largest regional market for the benzene market due to high consumption in China. Despite a gradually slowing economy, China has witnessed all the additional benzene requirements in the past five years (2012-2017). The consumption has shifted from North America and Western Europe towards Asia and Middle East over the past decade.
The diverse needs of a growing middle class in China, significant expansion in refinery capacities, large-scale p-xylene plants to feed the downstream petrochemical sector has majorly driven the benzene demand in the country. However, the performance of the China’s economy in the near future is expected to be a vital driver for benzene consumption. Albeit a slower pace, additional benzene capacities are expected to be on-stream by 2021, but just for the production of ethylene.
Polaris Market Research has segmented the Global Benzene Market on the basis of Derivative and Region:
Benzene Market Size and Forecast by Derivative
• Ethyl Benzene
• Cumene
• Cyclohexane
• Nitro Benzene
• Others
Benzene Market Size and Forecast by Regions
• North America
• US.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
Discount on this report @ https://www.polarismarketresearch.com/industry-analysis/benzene-market/request-for-discount-pricing?utm_source=openpr.com&utm_medium=referral&utm_campaign=KDM_01april_Benzene_disc&utm_content=content
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact us
Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Benzene Market Size to Reach $111.1 Billion by 2026 with CAGR of 4.2% | Industry Player - Royal Dutch Shell Plc., Dow DuPont, BASF, Reliance Industries, Indian Oil Corporation Ltd.and Others here
News-ID: 1681158 • Views: …
More Releases from Polaris Market Research & Consulting
Granite Market Projected to Reach USD 6.63 Billion by 2034, Growing at a CAGR of …
Polaris Market Research has released new insights into the Granite market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.
Market at a Glance
In 2024, the market was valued at USD 3.99 billion and is anticipated to grow to USD 6.63 Billion by 2034. It…
Molecular Diagnostics for Sexually Transmitted Diseases Market to Reach USD 7.85 …
Polaris Market Research announces the release of its latest study on the Molecular Diagnostics For Sexually Transmitted Diseases market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 3.82 billion in 2024 and is expected to…
Higher Alpha Olefins Market Projected to Hit USD 20.01 Billion by 2034, Expandin …
Polaris Market Research announces the release of its latest study on the Higher Alpha Olefins market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 10.39 billion in 2024 and is expected to reach 20.01 billion…
Direct Oral Anticoagulants (DOACs) Device Market to Reach USD 64.83 Billion by 2 …
Polaris Market Research announces the release of its latest study on the Direct Oral Anticoagulants (DOACs) Device market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 31.67 billion in 2024 and is expected to reach…
More Releases for Benzene
Increasing Use Of Styrene In Benzene-Petrochemicals Market: Key Factor Driving T …
The Benzene-Petrochemicals Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Benzene-Petrochemicals Market Size During the Forecast Period?
The benzene-petrochemicals market has expanded steadily, moving from $75.38 billion in 2024 to $77.98 billion in 2025 at a CAGR of 3.4%, driven by rising…
Benzene Market Industrial Applications and Market Growth
In recent years, the global Benzene Market Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Benzene Market Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five…
Benzene Market Size, CAGR | Trend 2028
The Benzene Market is a crucial segment within the chemical & material industry, focusing on the development, production, and supply of Benzene, a clear, colorless, and highly combustible organic chemical compound. This market is experiencing substantial growth due to the increasing demand for Benzene in various industrial, commercial, and research applications, and its role as a common solvent and a component in the manufacture of a wide range of products.
Download…
Benzene Market Size, Share | Trend 2028
The Benzene Market outlook remains positive, driven by rising usage in petrochemicals, polystyrene production, and rubber processing applications. This article provides a comprehensive benzene market analysis including size, share, latest trends, drivers, challenges and key companies.
Benzene, a fundamental aromatic hydrocarbon, holds a significant place in the realm of organic chemistry due to its exceptional stability and reactivity. Composed of a simple hexagonal ring structure consisting of six carbon atoms, each…
Benzene Market Size, Share | Trend 2028
According to Ameco Research, the worldwide benzene industry will increase at a CAGR of 3.4% throughout the forecast period, reaching a market size of more than US$ 80billion by 2028.
Benzene is a colorless, flammable liquid that has a pleasant, gasoline-like odor. It has the chemical formula C6H6 and is a highly flammable aromatic organic molecule. Benzene is quickly evaporating into the atmosphere. Its vapor may settle in low-lying areas since…
Benzene Market Analysis Report 2022 - 2030
Acumen Research and Consulting has announced the addition of the "Benzene Market" report to their offering.
The Benzene Market Report 2030 is an in depth study analyzing the current state of the Benzene Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Benzene Market provides analysis of China market covering the industry trends, recent developments in the market…
