Press release
Global Benzene Market Latest Trends, Forecast Analysis and Attractive Market Opportunities 2022 - 2030
In terms of revenue, global benzene market was valued at US$ 24.5 Bn in 2021 growing at a CAGR of 5.8% over the forecast period (2022 - 2030).
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A colourless organic substance is benzene. Many other compounds, including ethylbenzene, cumene, cyclohexane, nitrobenzene, and linear alkyl benzene, are produced using it as a chemical intermediary. Due to the robust growth of the automotive sector, it is projected that demand for the product will continue to rise. Growing use of benzene derivatives in the automobile industry for the production of synthetic rubber has increased benzene demand in the global market. The secondary market for benzene derivatives is also quite interesting due to the rising demand for chemicals used in rubber processing, nylon resins, and synthetic fibres. One of benzene's derivatives, ethylbenzene, is used to make styrene, and the demand for styrene-based materials, such as polystyrene and styrene-acrylonitrile reins acrylonitrile butadiene styrene rubber used in disposable medical equipment and consumer electronics, is expanding.
Additionally, an increase in the usage of insulation materials in building is a major factor in the market's expansion. Additionally, increasing urbanisation and rising disposable incomes have increased demand globally for consumer goods like furniture wax and thinners. In several industrial, scientific, and commercial activities, benzoene serves as a crucial solvent. Alkyl benzene, for instance, is frequently used to make surfactants in the manufacturing of detergents. Similarly, cyclohexane, another benzene derivative, is a key raw material in the production of nylon, which is used to make textiles. The vibrant paints and coatings industry (PCI) is also a significant growth driver for the global benzene market.
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List of Major Players in Benzene Market Report are:
BASF SE
China Petroleum & Chemical Corporation
Covestro AG
DowDuPont
EVONIK INDUSTRIES
Exxon Mobil Corporation
LG Chem
Linde plc
LyondellBasell Industries Holdings B.V.
Mitsubishi Chemical Holdings Corporation.
Other Industry Participants.
Reliance Industries Limited
Toray Industries, Inc.
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Our 420+ Pages Report titled, Benzene Market will include extensive information on the following pointers:
Global market size and forecast values (2015 - 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
Years Considered (2015 - 2030)
(Historic Years: 2015 - 2020
Base Year: 2021
Forecast Years: 2022 - 2030)
Market determinants and Influencing Factors
Market Dynamics (Drivers, Restraints, Opportunities and Trends)
Analysis on Impact of Covid-19 on Global Benzene Market
Macro-Economic and Micro-Economic Indicators
Porter's Five Forces Analysis
Regulatory Landscape
PESTEL Analysis
Competitive Benchmarking: Global Presence and Growth Strategies
(Mergers and Acquisitions
Product Launches
Investments Trends
R&D Initiatives)
Market Share Analysis, 2021
Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.
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Global Benzene Market Segmentation:
By Manufacturing Process
Catalytic reforming
Toluene hydrodealkylation
Steam cracking
Toluene Dispropotionation
By Derivative
Alkyl Benzene
Cumene
Cyclohexane
Ethyl Benzene
Nitro Benzene
Aniline
Toluene
Phenol
Others
By Application
Solvent
Plastics and Resins
Synthetic fibers
Rubber lubricants
Dyes and detergents
Drugs and pesticides
Printing industry
Others
By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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