North East Asian Benzene Market Update: Key Future Trends

According to a recently published report about the North East Asian benzene market, it was equal to 20.306 million tons in 2013. The largest country market within the region was China, which in 2013 accounted for a share of 49% of the total in volume terms. Until 2023, the North East Asian market is forecast to reach around 29.2 million tons, thus growing at a CAGR of about 3.7% per annum in the period 2018-2023. This is a slight slowdown, compared to the growth at a CAGR of around 3.8% per year, registered in 2013-2017.

The analytical research projects that the North East Asian production of benzene is likely to grow to around 28.3 million tons in the medium term. Upward dynamics of the overall installed production capacities in the region are also expected. Their annual average utilization rates, on the other hand, are expected to stay at similar levels. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing moderately upwards dynamics in the medium term.

As an overall, the report presents a strategic analysis of the benzene market in North East Asia 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:
• Anshan Iron and Steel Group Corporation;
• Baosteel;
• Basf-Ypc;
• Changzhou New Solar Chem.;
• Chongqing Zuoneng Chemical;
• Cnooc and Shell Pc;
• Cnooc Ningbo Daxie Pc;
• Cnooc Oil & Gas (Taizhou) Pc;
• Cnooc Ref. and Pc;
• Dalian West Pacific Pc;
• Dragon Aromatics;
• Erdos Shenhua Mengxi Huarui Chemical;
• Fujia Dahua Petrochemical;
• Fujian Gulei Petrochemical;
• Fujian Refining and Pc;
• Handan Yulong Chemical;
• Hebei Jinruite Chemical;
• Hebei Minhai Chemical;
• Hebei Taojin Chemical;
• Heilongjiang Juda Chemical;
• Henan Jinma Energy;
• Henan Yutian Chemical;
• Hengli Pc;
• Heze Durun Chemical;
• Huangshi Taihua Industry Science & Tech.;
• Jiangsu Haili Chemical;
• Jiangsu Xinchagyuan Chemical;
• Jiangsu Yongpeng Tech Industry;
• Jiangsu Zhongtai Biotechnology;
• Jinneng Science and Technology;
• Kingboard Chemical;
• Kunming Coking Gas Plant;
• Linhuan Coking and Chemical;
• Maanshan Iron & Steel;
• Ningbo Zhongjin Petrochemical;
• Ningxia Baofeng Energy;
• Ningxia Baota Petrochemical;
• North Huajin Chemical Ind.;
• Panjin Heyun Industry Group;
• Petrochina Dagang Pc;
• Petrochina Dalian Pc;
• Petrochina Daqing Pc;
• Petrochina Dushanzi Pc;
• Petrochina Fushun Pc;
• Petrochina Guangxi Pc;
• Petrochina Huabei Pc;
• Petrochina Jilin Pc;
• Petrochina Jinxi Pc;
• Petrochina Jinzhou Pc;
• Petrochina Karamay Pc;
• Petrochina Lanzhou Pc;
• Petrochina Liaoyang Pc;
• Petrochina Sichuan Petrochemical;
• Petrochina Urumqi Pc;
• Petrochina Yunnan Petrochemical;
• Pingmei Shenma Energy and Chemical;
• Qingdao Lidong Chemical;
• Qitaihe Wanchang Coking Co;
• Shaanxi Yanchang Petroleum;
• Shandong Dongming Pc;
• Shandong Haili Chemical;
• Shandong Jingbo Petrochemicals;
• Shandong Laigang;
• Shandong Qiwangda Petrochemical;
• Shandong Ruike Petrochemical;
• Shandong Shengyun Chemical;
• Shandong Utai Technology;
• Shandong Weijiao Group;
• Shandong Yuhuang Chemical;
• Shanghai Secco Pc;
• Shanxi Chf Deone Chemical;
• Shanxi Coking Coal Group;
• Shanxi Lubao Group Coking;
• Shanxi Sanwei Group;
• Shatung (Taixing) Chemical;
• Shenghong Refining & Chemical;
• Sichuan Neijiang Tianke Chemical;
• Sichuan Daxing Energy;
• Sinochem Hongrun Pc;
• Sinochem Guanzhou Petrochemical;
• Sinopec Anqing Pc Co;
• Sinopec Beihai Co.;
• Sinopec Changling Co.;
• Sinopec Guangzhou Pc;
• Sinopec Maoming Pc;
• Sinopec Qilu Pc;
• Sinopec Qingdao Ref and Ch;
• Sinopec Sabic Tianjin Pc;
• Sinopec Shanghai Gaoqiao Co.;
• Sinopec Shanghai Pc;
• Sinopec Shijiazhuang Rf Ch;
• Sinopec Tahe Pc;
• Sinopec Tianjin Co;
• Sinopec Wuhan Co;
• Sinopec Yangzi Pc;
• Sinopec Yanshan Company;
• Sinopec Zhanjiang Dongxing;
• Sinopec Zhenhai Ref and Chem;
• Sinopec Zhongke Ref. and Pc.;
• Sinopec Zhongyuan Pc;
• Sinopec-Sk Wuhan Pc;
• Taiyuan Baoyuan Chemical;
• Tangshan Xuyang Chemical;
• Tangshan Zhongrun Coal Chem;
• Tengzhou Shengyuan Hongda Chemical;
• Wanshan Weiye Chemical;
• Weifang Changyi Pc;
• Wuhan Pingmei Wugang Unite Coking Ch.;
• Xiaoyi Jinmao Chemical;
• Xingtai Xuyang Coal Chemical;
• Xinjiang Shengyun Chemical;
• Xinxiang Qunxiang Chemical;
• Yunnan Yunwei;
• Zhejiang Huachen Energy;
• Zhejiang Petrochemical;
• Zhoushan Hbon Chemical;
• Zhuhai Changlian Petrochemical;
• Asahi Kasei Mitsubishi Chemical Ethylene;
• Cosmo Matsuyama;
• Fuji Oil;
• Idemitsu Kosan;
• Jfe Chemical;
• Jxtg Nippon Oil and Energy;
• Kashima Aromatics;
• Maruzen Petrochemical;
• Mitsubishi Chemical;
• Mitsui Chemicals;
• Nippon St. and Sumikin Chemical;
• Ns Styrene Monomer;
• Osaka Pc;
• Seibu Oil Co.;
• Showa Shell Sekiyu;
• Showa Yokkaichi Oil;
• Sumitomo Chemical;
• Taiyo Oil;
• Toa Oil Co.;
• Tosoh Corp.;
• Gs Caltex;
• Hanwha-Total Pc;
• Huyndai Cosmo Pc;
• Korea Petrochemical Ind.;
• Lg Chemical;
• Lotte Chemical;
• Oci Company;
• Sk Energy;
• Sk Global Chemical;
• S-Oil Corp.;
• Ulsan Aromatics (Uac);
• Yeochun Ncc.

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.