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Benzene Market Is Predicted To Witness A Substantial Rise In Growth And Demand In The Forecast Period 2023-2032
Benzene Market
The Business Research Company's Benzene Global Market Report 2023 identifies 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 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 market size of global benzene is expected to grow to $73.03 billion in 2026 at a CAGR of 0.4%.
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Major competitors 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.
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.
Read More On The Global Benzene Market Report Here:
https://www.thebusinessresearchcompany.com/report/benzene-global-market-report
The benzene market is segmented -
• By Manufacturing Process: Pyrolysis Steam Cracking of Naphtha, Catalytic Reforming of Naphtha, Toluene Hydrodealkylation, Toluene Disproportionation, From Biomass
• By Derivative: Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Other Derivatives
• By Application: Plastics, Resins, Synthetic Fibers, Rubber Lubricants
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific 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. Benzene Market Executive Summary
2. Benzene Market Segments
3. Benzene Market Size And Benzene Market Growth Rate
4. Key Benzene Market Trends
5. Major Benzene Market Drivers
……
25. Key Mergers And Acquisitions In The Benzene Market
26. Top Benzene Companies
27. Benzene Market Opportunities And Strategies
28. Benzene Market, Conclusions And Recommendations
29. Appendix
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