Asian and Pacific Benzene Market Forecast 2018-2023

According to a recently published report about the Asian and Pacific benzene market, it was equal to 3.086 million tons in 2013. The largest country market within the region was Singapore, which in 2013 accounted for a share of 43% of the total in volume terms. Until 2023, the Asian and Pacific market is forecast to reach around 4.3 million tons, thus growing at a CAGR of about 4.2% per annum in the period 2018-2023. This is a slight increase, compared to the growth at a CAGR of around 2.0% per year, registered in 2013-2017.

The analytical research projects that the Asian and Pacific production of benzene is likely to grow to around 6.8 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 unbalanced 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 Asia and Pacific 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:
• Bharat Petroleum Corporation;
• Haldia Petrochemical;
• HPCL Rajasthan Refinery;
• HPCL/Mittal Energy;
• Indian Oil Corporation;
• ONGC Mangalore Petrochemicals;
• ONGC Petro-Additions (Opal);
• Reliance Industries;
• Steel Authority Of India;
• Pertamina;
• PT Chandra Asri Petrochemical;
• Trans-Pacific Petrochemicals Indotama;
• Lotte Chemical Titan;
• Petronas Chemicals Aromatics;
• Petronas Rapid;
• Byco Petroleum Pakistan;
• Jg Summit Petrochemical;
• Petron Corporation;
• Exxonmobil Chemical;
• Jurong Aromatics;
• Petrochemical Corporation Singapore;
• Shell Eastern Petrochemicals;
• Esso Thailand;
• IRPC;
• Map Ta Phut Olefins;
• PTT Global Chemical;
• Rayong Olefins;
• Thai Paraxylene Company;
• Long Son Petrochemical;
• NGHI Son Refinery And Petrochemicals.

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.