Global Ethylbenzene Market To Drive Amazing Growth By 2026 | Chevron Philips Chemical Company, Synthos, LyondellBasell Industries Holdings, Versalis, Changzhou Dohow chemicals
• Ethylbenzene market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026.
• Major ethylbenzene industry trends, technology evolution, economic indicators and business challenges.
• Business drivers and pitfalls impacting key regional markets.
• Competitive landscape of the industry and detailed profiles on the major companies.
Ethylbenzene Market, By Applications, 2014-2025 (Tons) (USD Million)
• Plastic polymers.
Ethylbenzene Market, By End Use, 2014-2025 (Tons) (USD Million)
• Packaging industry
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Massively rising demand for styrene in tandem with the expanding polymer industry is expected to drive the global ethylbenzene market over 2020-2026. Besides growing penetration of the give chemical for production of various other chemicals is also expected to boost the global market. However, stringent regulatory framework designed for the usage of ethylbenzene would impede the market growth in the due course of time. The compound has also gained prominence as a pivotal component in automotive and aviation fuels.
Ethylbenzene usage in solvents application is gaining acclamation lately – it is being used as a paint solvent (which uses only about 1 per cent of ethylbenzene produced) in the ever expanding paints and coating industry and also in the semiconductor industry as a negative photoresist solvent. Moreover, its use as solvents in rubber and chemical manufacturing industries is also rising immensely, thus contributing to the overall ethylbenzene market growth.
Thriving construction sector globally is expected to produce significant returns for the ethylbenzene industry in the upcoming years. As per estimates, the ethylbenzene market from construction industry spending worldwide recorded a remuneration of USD 11.4 trillion in 2018 and is estimated to surpass USD 14 trillion by 2025 end. Across this industry, ethylbenzene finds application as reagents and solvents in the production of umpteen products like adhesives, cleaning materials, paints and coatings, and others.
Middle East and Africa ethylbenzene market is likely to grow at an appreciable pace in the near future owing to the flourishing packaging industry in the region, especially the UAE. This regional growth can be ascribed to the elevating application of polystyrene in the packaging industry, given its thermal resistance and robust insulation properties. Additionally, shifting focus for consumers in the region, towards the consumption of packaged food is poised to push the packaging industry, thus bolstering MEA ethylbenzene industry size.
Some of the most prominent companies operating in the ethylbenzene market share include Synthos S.A, Versalis, chevron Philips Chemical Company, Carbon Holdings, Changzhou Dohow Chemical, Tianjin Jixin Industrial and Trade, and several others.
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