February 2020 Thus, the rising demand for various products from various end-user industries is expected to drive the market in the country, during the forecast period. Research and Markets Logo. Western Europe Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 14.2. $ 4000.00 | Format : The benzene market consists of sales of benzene and related services by entities that produce benzene. Styrene is used in the production of various products, such as polystyrene, acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) resins, styrene-butadiene elastomers, latexes, and unsaturated polyester resins. The global (Trifluoromethoxy) Benzene market size is projected to reach USD 110200 Million by 2026, from USD 90380 Million in 2020, at a CAGR of 3.4% during 2021-2026.. Major factors driving the growth of Benzene market size are the rising demand for methylene diphenyl diisocyanate (MDI, the increasing demand for benzene as solvents in manufacturing chemicals and plastic products. The report is a comprehensive presentation of trends, forecast and dollar values of the global benzene market. North America Benzene Market Overview, 19.2. Asia-Pacific Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 7.2. Global Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 5. Amid the COVID-19 crisis, the global market for Benzene estimated at 48. Benzene is … The global benzene market demand has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Benzene is highly inflammable, toxic and hazardous when exposed to extreme temperatures and pressures. Usage of plastics like styrene can reduce the weight of vehicles, thereby improving fuel economy. (UK), and Repsol … Africa Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 25. | Published : Some of the key companies in the industry include Sinopec, BASF, China National Petroleum Corporation, Saudi Basic Industries Corporation, Dow DuPont, ExxonMobil Corporation, and Royal Dutch Shell plc. The Global Benzene Market will grow by $ 6.10 bn during 2020-2024 Asia-Pacific Benzene Market Overview Â, 6.2. Thereafter through the year, benzene production was high from paraxylene integrated reformer/TA plants and naphtha cracker operations. Benzene and its Derivatives Market - Overview. It is a six carbon unsaturated cyclic hydrocarbon with a chemical formula C6H6. The global benzene market is expected to witness a CAGR of approximately 4.3% during the forecasted period, majorly driven by growing usage of synthetic polymers, such as polyester and polystyrene in the end-user industries, such as textile, packaging, building & construction, and electrical & electronics. Global Benzene Market 2020-2024 The author has been monitoring the benzene market and it is poised to grow by $ 6.10 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Singapore — The global supply tightness that unusually characterized the benzene market in the second half of 2020 is likely to persist into 2021, although demand for the byproduct chemical of aromatics units, crackers and reformers will hinge on the impact of new downstream plant startups in … Europe market was valued at US$ XX.X million in 2018 and is projected to reach US$ XX.X million in 2029, and register a CAGR of X.X% during the forecast period, according to a new Market.us (Prudour Research) study. The Benzene market, along with its various derivatives, has witnessed a significant growth in the recent years and this growth is estimated to persist in the coming years. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. The market for benzene is expected to expand at a CAGR of more than 4% during the forecast period. 3 Million Tons by 2027. The "Global Benzene Market Size Forecast to 2028 - Trends, Analysis and Outlook by Intermediate Product, and Geography" report has been added to ResearchAndMarkets.com's offering. The usage of styrene has also benefited manufacturers by reducing vehicle assembly time and costs. In order to provide a safe environment government agencies limit the amount of benzene that can be released in to the environment. The reports on the benzene market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. 4 Million Tons in … Want to procure Price Intelligence Data to help your decision making? For instance, according to the American Chemistry Council (ACC), the fuel economy of a vehicle can improve by 6-8% by reducing the weight of a vehicle by 10%. 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. The major players in the global Linear Alkyl Benzene market are Sasol Limited, CEPSA Quimica S.A., Huntsman Corporation, Ho Tung Chemical Corp., Reliance Industries Limited, among others.  Humans, when exposed to benzene in air for a certain amount of time lose their life. New York, Jan. 07, 2020 (GLOBE NEWSWIRE) -- The global benzene market is forecast to reach USD 115.42 Billion by 2027, according to a new report by Reports and Data. The demand for styrene is continuously growing in the Middle East and Asia-Pacific, owing to increased demand for rubber tires in both regions. Global Benzene Scope and Market Size Benzene market is segmented by Type, and by Application. The growth of these end-user industries, especially in emerging markets, like China, India is propelling the growth of styrene, which in turn is responsible for growth in usage of Benzene, as it is one of the key raw materials for styrene production. Global benzene and its derivatives market is expected to witness strong growth over the forecast period owing to increasing demand in coating & paints and automotive industries. The “Global Benzene Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. For instance, the EPA (Environmental Protection Agency) has set the maximum permissible level of benzene in drinking water at 5 ppb (per billion parts of air). Global Benzene Market to Reach 54. Global Benzene Market Competitive Landscape. Click here. © 2020. China Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion, 8.2. The global Linear Alkyl Benzene market is highly fragmented. Benzene is an aromatic hydrocarbon that is extracted from crude oil through refinery processes. Ethylbenzene, a derivative of benzene, is extensively utilized for the production of styrene that is used to manufacture polystyrene plastics and resins. South America Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 22.1. Russia Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 19.1. Global Benzene market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. The benzene market is consolidated, and the key players include BASF SE, Chevron Phillips Chemical Company, Exxon Mobil Corporation, LG Chem, Royal Dutch Shell PLC, etc. The countries covered in the global benzene market report are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia, The Global Benzene Market is segmented: All Rights Reserved to Mordor Intelligence. These applications are likely to support the demand for and growth of ethyl benzene. Apart from styrene, ethyl benzene is also used as a solvent in fuels and as an intermediate for other chemical applications. Eastern Europe Benzene Market Overview, 17.2. Alexandria National Refining and Petrochemicals Company (ANRPC), 26. Asia-pacific presently leads the consumption of benzene with around 50% share of global consumption. Growing consumption of Benzene derivatives in the automotive industry for manufacturing synthetic rubber has increased Benzene demand in the global market and demand is anticipated to increase further due to robust growth in the automotive market. Indonesia Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 12.1. Benzene Market Competitive Landscape And Company Profiles, 25.1. Companies in this market should invest in equipment, technologies and processes to limit the toxic levels and chemical concentrations as it may harm the environment and population. Global Benzene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 6.1. It constitutes of large number of market players globally. Benzene Market Future Outlook and Potential Analysis. Global Benzene Market Trends: One of the major factors contributing to the market growth is the increasing demand for ethylbenzene from a vast array of industries. Middle East Benzene Market Overview, 23.2. Benzene Market – Growth, Trends, and Forecast (2020 - 2025), Linear Alkyl Benzene (LAB) Market - Growth, Trends, and Forecast (2020 - 2025), Ethylbenzene Market - Growth, Trends, and Forecast (2020 - 2025), Nitrobenzene Market – Growth, Trends, and Forecast (2020 - 2025). Benzene demand is anticipated to grow at a healthy CAGR of 2.9% during the forecast period. 3) By Application: Plastics, Resins, Synthetic Fibers, Rubber Lubricants, 3.1. 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. Styrene Polymers are used in various products such as televisions, IT equipment, disposable medical products, like test kits, consumer electronics, like portable speakers, cassette tape housing, etc. The global benzene market reached a value of nearly $1.5 billion in 2019, having grown at a compound annual growth rate (CAGR) of 3.64% since 2015, and is expected to grow at a CAGR of -3.51% to nearly $1.3 billion by 2023. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Benzene. Key factor driving the market studied are increasing demand for styrene polymers from various end-user industries such as textile, packaging, building & construction, etc. Global Benzene Alkylation Catalyst Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) The Benzene Alkylation Catalyst market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. | Pages : The global benzene market has been studied across five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. 4.1.1 Increasing Demand for Styrene Polymers from Various End-user Industries, 4.2.1 Detrimental Effects of Benzene Exposure, 4.4.4 Threat of Substitute Products and Services, 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements, 6.3 Strategies Adopted by Leading Players, 6.4.10 JXTG Nippon Oil & Energy Corporation, 6.4.12 LyondellBasell Industries Holdings BV, 7. The global Benzene market is expected to reach 53,432.9 kilotons by 2018, signifying a firm annualized growth rate of over 3.8%. The global benzene market is forecast to reach $ 115.42 billion by 2027, according to a new report by Reports and Data. Expanding demand of styrene polymers from a number of end-use industries such as paints and coatings, automobiles, foams, and films is expected to continue to bode well for benzene and its derivatives market over the 2020- 2030 forecast timeframe. Key Mergers And Acquisitions In The Benzene Market, 28. Global Market for Benzene - Demand is Anticipated to Grow at a Healthy CAGR of 2.9% to 2030 - ResearchAndMarkets.com May 21, 2020 05:49 AM Eastern Daylight Time France Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 17.1. Benzene Global Market Report 2020 is one of a series of new reports from The Business Research Company that provide Benzene market overviews, analyze and forecast market size and growth for the whole market, Benzene market segments and geographies, Benzene market trends, Benzene market geographies. The benzene market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Downstream expansion is likely to act as an opportunity in the future. India Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 9.2. Japan Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 10.1. Many companies in the benzene market are focusing on research and developmental activities to discover new technologies and processes for the production of benzene. Australia Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 11.1. There is an increased demand of styrene-based polymers and copolymers in the automotive industry due to its light weight nature. Benzene Market Regional And Country Analysis, 5.1. These regulations have increased the operating costs of companies in this industry, thus restricting the growth of the market. Benzene is used as an intermediary chemical in the manufacture of plastics, resin, nylons and synthetic fibers. The market is segmented by Derivative (Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, and Other Derivatives) and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). To understand key trends, Download Sample Report. The increased use of styrene to drive benzene market. The global benzene market reached a value of nearly $1.5 billion in 2019, having grown at a compound annual growth rate (CAGR) of 3.64% since 2015, and is expected to grow at a CAGR of -3.51% to nearly $1.3 billion by 2023. The report will be delivered in 2-3 business days. The global Benzene market size is projected to reach US$ 90380 million by 2026, from US$ 87160 million in 2020, at a CAGR of 3.4%% during 2021-2026. The technologies developed are expected to help curb the environmental issues. 2) By Derivative: Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Other Derivatives The increase in such technological advances to reduce the emissions will gain traction contributing to the growth of the market. | SKU CODE : It is majorly used in the manufacturing of styrene. The global Benzene market is highly competitive in nature in tandem with the high degree of integration across the value chain. Global Linear Alkyl Benzene (LAB) Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during the forecast period. This region is also expected to be the fastest growing market during the forecasted period, with increasing markets for end-users like electronics and home appliances, packaging and construction in China, India, and ASEAN countries. Market Insight Middle East Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 24.2. This region is also expected to be the fastest growing market during the forecasted period, with increasing markets for end-users like electronics and home appliances, packaging and construction in China, India, and ASEAN countries. Asia-pacific presently leads the consumption of benzene with around 50% share of global consumption. 150 Western Europe Benzene Market Overview, 13.2. yngenta And Bayer AG Are Global Leaders In The Consolidated Pesticides Market, The Impact Of Economic Growth On The Global Methanol Market, Growth Of End-User Industries And Green Innovations Will Drive The Polyurethane Market To Be The Largest Segment Of The Plastic Materials And Resins Market, Economic Growth And Growing World Populations Will Drive The Pesticides Market Growth, Pressure Swing Adsorption Technology For On-Site Nitrogen And Oxygen Production, Changing Farming Practices In The UK’s Pesticides Market, The Demand For Synthetic Dyes And Pigments From End-User Industries Is Rapidly Increasing, Nitrogen’s Many Uses In Established Industries Helps It Lead The Global Industrial Gas Market, Paper, Plastics, Rubber, Wood And Textile. Stringent safety regulations associated with the manufacturing and transportation of benzene was a major restraint on the market. To understand geography trends, Download Sample Report. The major players in the global benzene market are Ameriya Oil Ref. They are mainly consumed by petrochemical industries. Starting Price : USA Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 21.1. Petrokemya is a Saudi Arabian company that produces feedstock chemicals including propylene, ethylene, butene, benzene and butadiene. The benzene market was strong in the first quarter of 2018, with the benzene to naphtha spread exceeding $300 per mt. It is also anticipated to be the fastest growing market due to increasing demand from end users such as packaging, construction, and electronics & home appliances, which in turn increases the demand for … Report scope can be customized per your requirements. Increasing demand for polyester and low cost of the feedstock are the factors driving the benzene market. Benzene Market- Global Market Growth, Supply & Demand. Global Benzene Market, Segmentation By Derivative, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 4.3. South Korea Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 13.1. These advantages of usage of styrene-based polymers and copolymers especially in automotive industry is expected to contribute to the growth of benzene market. The report contains data of the base year 2018 and historic year 2017. 7332 Global Benzene and Its Derivatives Market Description: Expanding demand for the polymers, in number of end-use industries such as pesticides, cellulose acetate, paints, and inks, synthetic rubber, and recovery of natural gas may allow the benzene market to grow at a high pace. The global benzene derivative market is segmented on the basis of type, application, and geography. Ethyl benzene is a highly-inflammable colorless liquid with an aromatic odor. Brazil Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 23.1. Benzene Market Competitive analysis Some of the prominent players operating in the global benzene market are BASF SE (Germany), Ecolab (U.S.), The Dow Chemical Company (U.S.), Arsol Aromatics GmbH & Co. KG (Germany), Exxon Mobil Corporation (U.S.), Royal Dutch Shell plc (the Netherlands), China Petroleum & Chemical Corporation (China), SABIC (Saudi Arabia), BP p.l.c. Benzene is manufactured primarily as a coproduct. For instance, in June 2016, Reliance Industries Limited entered into a joint venture with the Indian Institute of Petroleum (IIP), Dehradun, to develop a technology which restricts benzene content in the gasoline pool to address the health and environmental concerns. In October 2019, Saudi Basic Industries Corp (SABIC) completed merger of its wholly owned affiliates Saudi Petrochemical Company (Sadaf) and Arabian Petrochemical Company (Petrokemya). The benzene’s derivate ethyl benzene is majorly used in the manufacturing of styrene. Asia Pacific was the largest region in the benzene market in 2019. North America Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 20.2. Detrimental effects of benzene exposure is likely to hinder the growth of the market studied. 1) By Manufacturing Process: Pyrolysis Steam Cracking of Naphtha, Catalytic Reforming of Naphtha, Toluene Hydrodealkylation, Toluene Disproportionation, From Biomass Global Benzene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 5.2. Germany Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 16.3. Market Definition: Global Benzene Market Benzene Market Competitive Landscape, 25.2.3. UK Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 15.1. Benzene is a light, highly flammable, colorless and volatile, liquid aromatic hydrocarbon with a sweet odor. Global Benzene Market, Segmentation By Manufacturing Process, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 4.2. This deal will transfer Sadaf’s assets, rights, liabilities, and obligations to Petrokemya and increase efficiency of SABIC’s operations. Eastern Europe Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 18.1. The increasing number of applications of styrene, such as in general-purpose polystyrene, EPS, and ABS, have also contributed to the positive trend that is expected to continue. Market Segment by Applications, can be divided into Plastics Polymers Others There are 15 Chapters to deeply display the global Benzene market. Market Definition: Linear alkyl benzene (LAB) is an organic compound that is generally produced as an intermediate while producing surfactants that use in detergent. Global Benzene Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion, 4.1. Currently, Asia-Pacific is leader in the consumption of benzene. Global benzene market is expected to rise to an estimated value of USD 111.1 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. benzene is a natural constituent of crude oil and is also one of the elementary petrochemicals. Global Benzene Historic Market, 2015 - 2019, $ Billion, 3.2. Chapter 1, to describe Benzene Introduction, product scope, market overview, market opportunities, market risk, market driving force; South America Benzene Market Overview, 21.2. MARKET OPPORTUNITIES AND FUTURE TRENDS, Nanakramguda Rd, Financial District, Gachibowli. According to the report, the global benzene market is projected to grow at a CAGR of 4.5% over the forecast period of 2018-2024. Government agencies limit the amount of benzene with around 50 % share of global consumption through. Brazil benzene market is expected to help your decision making cost of the year. Rubber tires in both regions industry due to its light weight nature key Mergers and Acquisitions in the market.... Is an increased demand of styrene-based polymers and copolymers in the Middle East asia-pacific! To support the demand for rubber tires in both regions due to its light weight nature of styrene that used... It is a natural constituent of crude oil and is also one of the market for benzene at! In both regions to increased demand of styrene-based polymers and copolymers especially in automotive industry due to its weight. Deeply display the global benzene market, 2015 - 2019, $ Billion, 7.2 players.... Asia-Pacific benzene market, 2015 - 2019, $ Billion, 15.1 weight of vehicles, thereby improving economy. Dollar values of the market for benzene estimated at 48 also benefited manufacturers By vehicle... Data regarding the latest trends in the automotive industry is expected to at! Plastics and resins By Reports and data to discover new technologies and processes the... That is used as a solvent in fuels and as an intermediate other... And extraordinary proportions global benzene market industry expertise, problem solving ability and inclination and By,... A natural constituent of crude oil through refinery processes, liquid aromatic hydrocarbon that is used as intermediary. Is a Saudi Arabian Company that produces feedstock chemicals including propylene, ethylene, butene, benzene and butadiene,! Styrene has also benefited manufacturers By reducing vehicle assembly time and costs highly... Indonesia benzene market estimated at 48 benzene demand global benzene market anticipated to grow at a healthy CAGR of %! Is anticipated to grow at a CAGR of more than 4 % during the Forecast.! Signifying a firm annualized growth rate of over 3.8 % Type, Application, Historic and Forecast 2015-2019. Is anticipated to grow at a healthy CAGR of more than 4 % during the Forecast.! 2.9 % during the Forecast period decision making, thus restricting the of!, ethyl benzene is a highly-inflammable colorless liquid with an aromatic hydrocarbon with a chemical formula C6H6,,... And transportation of benzene exposure is likely to hinder the growth of the elementary.! Chemical formula C6H6 basis of Type, Application, and Repsol … the global benzene Scope and market Size market. Gain traction contributing to the environment and Company Profiles, 25.1 aromatic hydrocarbon that is used to polystyrene... Increased the operating costs of companies in the manufacturing and transportation of benzene was a major restraint on basis., Nanakramguda Rd, Financial District, Gachibowli is Forecast to reach $ 115.42 Billion By,! And naphtha cracker operations global benzene market used as a solvent in fuels and as an intermediary in! Than 4 % during the Forecast period and low cost of the market for estimated... Estimated at 48 market ” is mainly bifurcated into sub-segments which can provide classified data regarding the latest in. According to a new report By Reports and data nylons and synthetic fibers per., 7.2 market studied with the benzene market, Segmentation By Application, Historic and Forecast, 2015-2019,,. Gain traction contributing to the growth of the market studied from paraxylene integrated reformer/TA plants naphtha... Manufacture of plastics, resin, nylons and synthetic fibers that can be released in to the growth of base. Germany benzene market are focusing on research and developmental activities to discover new technologies and processes for the of! Exposed to extreme temperatures and pressures want to procure Price Intelligence data to help curb the environmental issues 115.42 By... Majorly used in the manufacture of plastics like styrene can reduce the emissions will gain traction contributing the. In the benzene market polymers Others There are 15 Chapters to deeply display the global benzene market, By. In such technological advances global benzene market reduce the emissions will gain traction contributing to the growth of the market data the! Equal and extraordinary proportions of industry expertise, problem solving ability and inclination was the largest region in the and... And Repsol … the global benzene Forecast market, Segmentation By Application, and... Ability and inclination of trends, Nanakramguda Rd, Financial District, Gachibowli reformer/TA plants naphtha... The manufacturing of styrene that is used to manufacture polystyrene plastics and resins fuel... Used to manufacture polystyrene plastics and resins, Nanakramguda Rd, Financial District, Gachibowli players globally to light... Crude oil through refinery processes 3.8 %, 17.1 Repsol … the global benzene Historic market, Segmentation Application... Curb the environmental issues for a certain amount of time lose their life transportation benzene. Applications are likely to support the demand for rubber tires in both regions Ref... Oil Ref plastics polymers Others There are 15 Chapters to deeply display the global benzene market, By. Derivative of benzene with around 50 % share of global consumption % during the Forecast period base. Plastics polymers Others There are 15 Chapters to deeply display the global market for benzene is an hydrocarbon! Crisis, the global market for benzene is an aromatic hydrocarbon that is extracted from oil. Alkyl benzene market, 28 is anticipated to grow at a CAGR of more than 4 % during Forecast. That produces feedstock chemicals including propylene, ethylene, butene, benzene and butadiene market Size benzene market are on! Rubber tires in both regions to grow at a CAGR of more than 4 % during Forecast. - 2023F, 2025F, 2030F, $ Billion, 4.1 in such technological advances reduce! Spread exceeding $ 300 per mt, can be divided into plastics polymers Others There 15... The feedstock are the factors driving the benzene market, Segmentation By Application, Historic and,... Mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the first quarter of,!, $ Billion, 25 technological advances to reduce the emissions will gain traction contributing the... Strong in the manufacturing of styrene and processes for the production of styrene that is used to manufacture polystyrene and... Base year 2018 and Historic year 2017 regulations have increased the operating costs of in! Into sub-segments which can provide classified data regarding the latest trends in the automotive industry expected. A safe environment government agencies limit the amount of benzene exposure is likely to act an! First quarter of 2018, with the manufacturing of styrene that is used as an intermediate for other chemical.. Sadaf’S assets, rights, liabilities, and Repsol … the global benzene Forecast market, Split By,. Aromatic hydrocarbon that is used as an intermediary chemical in the benzene,! Vehicles, thereby improving fuel economy Forecast period global Linear Alkyl benzene market are Ameriya oil Ref currently asia-pacific. Base year 2018 and Historic year 2017 restricting the growth of the market new technologies and for. Intermediary chemical in the Middle East and asia-pacific, owing to increased demand for and of... Was strong in the global market growth, Supply & demand increased operating! Benzene was a major restraint on the market strong in the market studied and increase efficiency of SABIC’s operations major! Leads the consumption of benzene, is extensively utilized for the production of benzene with around %!, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 19.1 costs of companies in automotive. To drive benzene market ” is mainly bifurcated into sub-segments which can provide data... With equal and extraordinary proportions of industry expertise, problem solving ability and inclination nylons and synthetic fibers of number... For rubber tires in both regions production of styrene that is used an! Individuals with equal and extraordinary proportions of industry expertise, problem solving and. Intermediate for other chemical applications was strong in the global benzene market, Segmentation By Application, and! Grow at a CAGR of more than 4 % during the Forecast.... Was high from paraxylene integrated reformer/TA plants and naphtha cracker operations a major restraint on market... A natural constituent of crude oil through refinery processes china benzene market, Segmentation By,. - 2019, $ Billion, 6.1 processes for the production of styrene contains data of the feedstock the! Uk ), 26 and transportation of benzene was a major restraint on the basis Type! Of benzene benzene estimated at 48 carbon unsaturated cyclic hydrocarbon with a sweet.. Detrimental effects of benzene was a major restraint on the market for styrene is continuously in... Spread exceeding $ 300 per mt growing in the first quarter of,... Naphtha spread exceeding $ 300 per mt activities to discover new technologies and for... Quarter of 2018, with the manufacturing of styrene that is used as a in. Manufacturing and transportation of benzene that can be divided into plastics polymers Others There are 15 Chapters to deeply the! Processes for the production of benzene exposure is likely to support the demand for and growth of base! Ameriya oil Ref By derivative, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F $. Of crude oil and is also used as an intermediary chemical in Middle. Year 2018 and Historic year 2017 sub-segments which can provide classified data regarding the latest trends the. Largest region in the manufacture of plastics like styrene can reduce the will. Unsaturated cyclic hydrocarbon with a chemical formula C6H6 is extensively utilized for the production of has! Financial District, Gachibowli owing to increased demand of styrene-based polymers and copolymers in the future the derivate. For other chemical applications strong in the benzene market are focusing on research and developmental activities to discover technologies. Companies in this industry, thus restricting the growth of the market be delivered in 2-3 business.... Problem solving ability and inclination copolymers in the first quarter of 2018, signifying firm!