Press release
Benzene Market Is Predicted To See Exponential Growth In The Forecast Period 2022-2031
The global benzene market report by the business research company identifies the increased use of styrene to drive the benzene market. The benzene derivate ethylbenzene is majorly used in the manufacturing of styrene. Styrene is used in the production of various products, such as styrene-acrylonitrile (SAN), acrylonitrile-butadiene-styrene (ABS), polystyrene, styrene-butadiene elastomers, latexes, unsaturated polyester resins among others. There is an increased demand for styrene-based polymers and copolymers in the automotive industry due to their lightweight nature.The global benzene market size is expected to grow from $67.61 billion in 2021 to $71.59 billion in 2022 at a compound annual growth rate (CAGR) of 5.9%. The global benzene market size is expected to grow to $84.81 billion in 2026 at a CAGR of 4.3%.
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Asia Pacific was the largest region in the benzene market in 2021. The regions covered in the global benzene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players 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.
The global benzene market is segmented -
1) By Manufacturing Process: Pyrolysis Steam Cracking of Naphtha, Catalytic Reforming of Naphtha, Toluene Hydrodealkylation, Toluene Disproportionation, From Biomass
2) By Derivative: Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Other Derivatives
3) By Application: Plastics, Resins, Synthetic Fibers, Rubber Lubricants
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The Benzene Market Report Contents Include
1. Executive Summary
2. Benzene Market Characteristics
3. Benzene Market Trends And Strategies
4. Impact Of Covid-19 On Benzene
5. Benzene Market Size And Growth
....
26. Africa Benzene Market
27. Benzene Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Benzene Market
29. Benzene Market Future Outlook And Potential Analysis
30. Appendix
This 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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