The North American Benzene Market Is Forecast to Grow at a CAGR of 0.7% Per Year in 2018-2023

According to a recently published report about the North American benzene market, it was equal to 8.297 million tons in 2013. The largest country market within the region was the United States, which in 2013 accounted for a share of 92% of the total in volume terms. Until 2023, the North American market is forecast to reach around 8.4 million tons, thus growing at a CAGR of about 0.7% per annum in the period 2018-2023. This is a slight increase, compared to the decline at a CAGR of around 0.8% per year, registered in 2013-2017.

The analytical research projects that the North American production of benzene is likely to grow to around 6.7 million tons in the medium term. Similar dynamics of the overall installed production capacities in the region and their annual average utilization rates are also expected. In addition, the market is forecast to become relatively unbalanced in terms of supply and demand, also showing moderately upward dynamics in the medium term.

As an overall, the report presents a strategic analysis of the benzene market in North America and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.

The research report has been prepared using the unique Williams and Marshall Strategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.

The report includes information on the following companies:
• Alon USA Partners LP;
• Basf Total Pc;
• Bp Chemicals;
• Chevron Phillips Chemical;
• Citgo Petroleum Corporation;
• Dow Chemical;
• Equistar Chemicals;
• Exxonmobil Chemical;
• Flint Hills Resources;
• Frontier Refining Company;
• Husky Energy;
• Marathon Petroleum Corporation;
• Nova Chemicals;
• Philadelphia Energy Solutions;
• Phillips 66 (New);
• Shell Chemicals;
• Toledo Refining;
• Total Petrochemicals;
• Valero Refining;
• Wrb Refining;
• Imperial Oil Ltd;
• Nova Chemicals;
• Parachem Chemicals;
• Shell Canada Ltd.;
• Suncor Energy Inc.;
• Pemex Petroquimica.

Williams & Marshall Strategy (WMStrategy) is a global full-service market research and consulting company, providing market insight and analysis on a wide range of industries and markets. Our unique research methodology combines quantitative and qualitative analysis and covers the whole value chain of the markets we analyze – from manufacturers and distributors through wholesalers and retailers to the final clients, which allows us to provide unmatched wide and deep industry understanding. Thus, our clients receive actionable insights on the volume, value and dynamics, trends, growth drivers, threats and opportunities of each market – intelligence that helps them be always a step ahead of the competition. WMStrategy’s reports help our clients make informed commercial planning and strategic decisions and so timely tackle the complex challenges and maximize the opportunities that impact their businesses and drive the generation, evaluation and implementation of powerful growth strategies. We are constantly enhancing our research skills and coverage by improving our work and adding new experts and geographical markets to our portfolio, making our products an essential resource for companies at global, national and local level. Our reports free up your resources and offer you timely deep industry understanding and strategic insights, required in today’s increasingly competitive business environment

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This release was published on openPR.