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Benzene Market 2023-32 : Industry Analysis, Size, Share, Growth And Forecast | Ameriya Oil Ref. Co., Angarsk Petrochemical, Alexandria National Refining, and Petrochemicals Company (ANRPC)
Benzene Global Market
The Business Research Company's Benzene Global Market Report 2023 identifies the increased use of styrene to drive the benzene 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. There is an increased demand for styrene-based polymers and copolymers in the automotive industry due to their lightweight nature.
The global benzene-petrochemicals market size will grow from $65.57 billion in 2021 to $71.79 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. 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 to $73.03 billion in 2026 at a CAGR of 0.4%.
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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.
A key trend in the Benzene market includes the many companies in the benzene market are focusing on research and developmental activities to discover new technologies and processes for the production of benzene. The technologies developed are expected to help curb environmental issues.
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The 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
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Benzene market.
The Business Research Company's "Global Benzene Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Benzene Market Include:
1. Executive Summary
2. Benzene Market Characteristics
3. Benzene Market Trends And Strategies
4. Benzene Market - Macro Economic Scenario
5. Benzene Market Size And Growth
……
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
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