Global Ethylbenzene (EB) Industry Estimated to Witness Strong Growth during 2017-2021
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Ethylbenzene (also known as EB) is an aromatic hydrocarbon and one of the greatest large-volume commodity chemicals. It is used virtually exclusively as an intermediate for the production of styrene, raw material for polystyrene, which is a common plastic. It is also used as a solvent for coatings and in the making of rubber and plastic wrap. Ethyl Benzene is a good solvent which finds its application in different sectors like in the rubber industry, ink industry, and other related industries. The global demand for ethylbenzene is growing wherein the Asia Pacific region has retained more than 47% of the market. China is the largest consumer and producer of ethyl benzene, having a market share of 28%. As per the findings, Ethyl Benzene is used on a large scale in the production of polystyrene and due to the growing market of polystyrene which is used make a wide variety of consumer products, the ethylbenzene market is expected to experience new and wide opportunities in the upcoming five years.
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The report covers data on global, regional and national markets including current & future trends for supply and demand, prices, and downstream industries. North America, Europe and Asia-Pacific are the major regions highlighted in the study. Also, the leading countries including United States, South Korea, Germany, United Kingdom, Japan and China are analyzed for the better understanding of the market. Moreover, the report contains demand, production analysis and forecasts, drivers and restraints, end user analysis and forecasts, and market share analysis for major producers in the major regions of the world. The growth in demand will continue to be in China and will be supported by new EB capacity in the Middle East and Northeast Asia.
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At last, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis. This is projected to help the leading players in comparing the different product segments in order to determine the new opportunities and make more effective business policies in the next few years. Key companies operating in market for ethylbenzene are also profiled.
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