Benzene Market Report 2021; Industry Share, Trends, Growth, Opportunities and Competitive Outlook Forecast to 2026

According to the latest report by IMARC Group, titled “Benzene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global benzene market reached a value of US$ 91.5 Billion in 2020. Looking forward, IMARC Group expects the global market has huge potential for growth during 2021-2026.

Benzene (C6H6) is a chemical compound which is highly inflammable, colorless, and has a sweet, gasoline-like smell. It is a by-product of the oil refining process and can also be obtained from crude oil, gasoline, and cigarette smoke. Benzene is widely adopted for various industrial purposes, such as manufacturing other chemicals, plastics, lubricants, resins, nylon and synthetic fibers, dyes, detergents, drugs, pesticides, etc.

Get a PDF sample of this report for more detailed market insights: https://www.imarcgroup.com/benzene-technical-material-market-report/requestsample

The growing utilization of insulation materials in construction activities is primarily driving the benzene market. The increasing adoption of benzene for manufacturing various consumer products, such as thinners and furniture wax, is further propelling the global market. Moreover, benzene is also employed as a key solvent in several commercial, industrial, and research operations. For instance, alkyl benzene is used to produce surfactants for the manufacturing of detergents. Cyclohexane, another basic raw derivative of benzene, is utilized for the production of nylon fiber. The expanding paint and coating industry (PCI) also uses benzene derivatives to produce paints and lacquers, thereby further driving the global benzene market.

Global Benzene Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the benzene market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Sinopec
China National Petroleum Corporation
Arsol Aromatics GmbH & Co. KG
Braskem
Borealis AG
ExxonMobil Corporation
BASF
Saudi Basic Industries Corporation
DuPont
JX Holdings
China Petroleum & Chemical Corporation
Royal Dutch Shell

The report has segmented the global benzene market on the basis of derivative, manufacturing process, application and region.

Market Breakup by Derivative:
Ethylbenzene
Cumene
Cyclohexane
Nitrobenzene
Linear Alkylbenzene
Maleic Anhydride
Others

Market Breakup by Manufacturing Process:
Pyrolysis Steam Cracking of Naphtha
Catalytic Reforming of Naphtha
Toluene Hydrodealkylation
Toluene Disproportionation
From Biomass

Market Breakup by Application:
Plastics
Resins
Synthetic Fibers
Rubber Lubricants
Others

Market Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Explore full report with table of contents: https://www.imarcgroup.com/benzene-technical-material-market-report

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
Market Trends
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

Propionic Acid Market Report: https://www.imarcgroup.com/propionic-acid-market

Fatty Acid Esters Market Report: https://www.imarcgroup.com/fatty-acid-esters-market

Salicylic Acid Market Report: https://www.imarcgroup.com/salicylic-acid-market

Butyric Acid Market Report: https://www.imarcgroup.com/butyric-acid-market

Methyl Ethyl Ketone (MEK) Market Report: https://www.imarcgroup.com/methyl-ethyl-ketone-market

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

This release was published on openPR.