Press release
Benzene-Petrochemicals Global Market Size, Share, Growth, By Derivative, Production, Technology, Opportunity And Forecast 2023-2032 | Atyrau Oil & Gas, Azerkhimija, BASF SE, Borealis AG, Bp PLC.
The increased use of styrene to drive the benzene-petrochemicals market the benzene derivative 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.
The global benzene-petrochemicals market size will grow from $72.41 billion in 2022 to $73.63 billion in 2023 at a compound annual growth rate (CAGR) of 1.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global benzene-petrochemicals market size is expected to grow from $79.56 billion in 2027 at a CAGR of 2.0%.
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Major competitors in the benzene-petrochemicals market include 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 benzene-petrochemicals 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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Benzene petrochemical refers to an aromatic hydrocarbon produced from cracked gasoline. It is highly flammable and has a sweet odor. Benzene is manufactured naturally by volcanoes and forest fires.
The Table Of Content For The Benzene-Petrochemicals Market Include:
1. Executive Summary
2. Benzene-Petrochemicals Market Characteristics
3. Benzene-Petrochemicals Market Trends And Strategies
4. Benzene-Petrochemicals Market - Macro Economic Scenario
5. Benzene-Petrochemicals Market Size And Growth
.....
26. Africa Benzene-Petrochemicals Market
27. Benzene-Petrochemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Benzene Market
29. Benzene-Petrochemicals Market Future Outlook and Potential Analysis
30. Appendix
The "Global Benzene-Petrochemicals Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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