Press release
Benzene Market Trends, Size, Share, Opportunities, Regional Outlook, Industry Demand Forecast To 2023
The Business Research Company
The global benzene market reached a value of nearly $1.5 billion in 2019, having grown at a compound annual growth rate (CAGR) of 3.64% since 2015, and is expected to grow at a CAGR of -3.51% to nearly $1.3 billion by 2023.
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The benzene market consists of sales of benzene and related services by entities that produce benzene. Benzene is used as an intermediary chemical in the manufacture of plastics, resin, nylons and synthetic fibers.
Stringent safety regulations associated with the manufacturing and transportation of benzene was a major restraint on the market. Benzene is highly inflammable, toxic and hazardous when exposed to extreme temperatures and pressures. Companies in this market should invest in equipment, technologies and processes to limit the toxic levels and chemical concentrations as it may harm the environment and population. Humans, when exposed to benzene in air for a certain amount of time lose their life. In order to provide a safe environment government agencies limit the amount of benzene that can be released in to the environment.
Benzene Market Segmentation:
By Manufacturing Process
1. Pyrolysis Steam Cracking of Naphtha
2. Catalytic Reforming of Naphtha
3. Toluene Hydrodealkylation
4. Toluene Disproportionation
5. From Biomass
By Application
1. Plastics
2. Resins
3. Synthetic Fibers
4. Rubber Lubricants
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Few Points From Table Of Content
1. Executive Summary
2. Benzene Market Characteristics
3. Benzene Market Size And Growth
4. Benzene Market Segmentation
5. Benzene Market Regional And Country Analysis
……
25. Benzene Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Benzene Market
27. Benzene Market Trends And Strategies
28. Benzene Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the benzene market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the benzene market are Ameriya Oil Ref. Co., Angarsk Petrochemical, Alexandria National Refining and Petrochemicals Company (ANRPC), Arsol Aromatics GmbH & Co. KG , Atyrau Oil & Gas, Azerkhimija, BASF SE, Borealis AG , Bp Plc and Braskem.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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