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Global Benzene-Petrochemicals Market Outlook - Demand, Trends, Size And Industry Insights 2024-2033 | Angarsk Petrochemical Company, Alexandria National Refining and Petrochemicals Company, Arsol Aromatics GmbH & Co. KG, Atyrau Oil & Gas, BASF SE
Benzene-Petrochemicals Market
The Business Research Company's Benzene-Petrochemicals Global Market Report 2024 identifies increased use of styrene as the major driver for the Benzene-Petrochemicals market's growth in the forecast period. 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 benzene-petrochemicals market size has grown steadily in recent years. It will grow from $73.01 billion in 2023 to $75.59 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historic period can be attributed to increasing demand for plastics, growing population and urbanization, rising disposable incomes, expanding industrialization, feedstock availability, growing pharmaceuticals and chemicals production. The benzene-petrochemicals market size is expected to see steady growth in the next few years. It will grow to $87.97 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%.
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Major competitors in the Benzene-Petrochemicals market are Angarsk Petrochemical Company, Alexandria National Refining and Petrochemicals Company, Arsol Aromatics GmbH & Co. KG, Atyrau Oil & Gas, BASF SE.
A key trend in the Benzene-Petrochemicals market includes innovating new products. Major companies operating in the benzene petrochemical market are innovating new products, such as the bromo benzene, to provide competitive edge in the market. Bromo benzene is a chemical compound with the molecular formula C6H5Br as benzene petrochemical which has both hepatotoxicant and a nephrotoxicant. For instance, in May 2022, Chemcon Speciality Chemicals Limited, an India-based chemical manufacturing company launched bromo benzene. Bromo benzene is a clear, colorless or pale-yellow liquid that is used in various applications such as Grignard reagent, solvent, and chemical intermediate.it is structurally similar to benzene, with a single hydrogen atom substituted by a bromine molecule
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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
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Benzene-Petrochemicals market.
The Business Research Company's "Global Benzene-Petrochemicals Market Report 2024" 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-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. Global Benzene-Petrochemicals Market Size and Growth
……
31. Global Benzene-Petrochemicals Market Competitive Benchmarking
32. Global Benzene-Petrochemicals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Benzene-Petrochemicals Market
34. Benzene-Petrochemicals Market Future Outlook and Potential Analysis
35. Appendix
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