Market Overview:
Benzene is a colorless and highly flammable liquid with a sweet odor. It is mainly used as an intermediate in the production of plastics, polymers, and other chemicals. The global benzene market was valued at US$ XX Mn in 2017 and is projected to grow at a CAGR of X.X% over the forecast period 2018-2030. The global benzene market by type is segmented into ethylbenzene, cumene, cyclohexane, nitrobenzene, and alkylbenzene. Ethylbenzene accounted for the majority share of the global benzenederived products market in 2017 and is expected to maintain its dominance during the forecast period owing to its widespread use in various applications such as solvents, pesticides intermediates etc. Cumenes are also used extensively across various industries such as paints & coatings, adhesives & sealants etc., which are expected to propel its demand over the forecast period. Cyclohexane has numerous applications such as nylon 6 fibers & films that are anticipated to fuel its growth during the forecast period 2018-2030 . Alkylbenzenes are also witnessing high demand due their use as additives for fuels among others application areas which would result in steady growth of this segment over next few years .
Product Definition:
Benzene is an important organic solvent and precursor to many chemicals. It is a colorless, volatile liquid with a sweet odor.
Ethylbenzene:
Ethylbenzene is an organic compound, which is a colorless liquid with a mild aromatic odor. It is soluble in alcohol and ether but insoluble in water. The chemical formula for ethylbenzene may be written as C6H5CH2 benzene. Ethylbenzene has been used extensively as an intermediate for chemicals that are now manufactured using toluene and xylene as sources of benzene.
Cumene:
Cumene is a chemical compound derived from benzene. It is also known as propane, and the most commonly used product in the world. It has a boiling point of °C and a melting point of °F. Its density ranges between 0.822-0.917 kg/L and it has an odor similar to that of benzene when pure, but with less intensity (slight sweetishness).
Application Insights:
The global benzene market is segmented on the basis of application into plastics, polymers, and others. The plastics segment dominated the market in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing demand for polyvinyl chloride (PVC), high-density polyethylene (HDPE), and other plastic products across the globe.
Rising awareness regarding environment protection along with growing concerns over greenhouse gas emissions are anticipated to drive cumenes consumption for this purpose in future thereby supporting growth of overall industry during forecast period.
Regional Analysis:
Asia Pacific dominated the global benzene market in 2017 and is expected to continue its dominance over the next eight years. The region accounts for approximately 60% of global production and consumption of benzene. Asia Pacific has witnessed a significant increase in production as well as demand for polymers due to growing industrialization, population expansion, and rising living standards.
The growth of plastics & polymer industry in China owing to government support is anticipated to have a positive impact on regional market growth over the forecast period. In addition, increasing demand from automotive sector coupled with low cost labor availability will augment cumene production which will further drive product consumption across various end-use industries such as paints & coatings; adhesives & sealants; rubber products; synthetic fibers etc., thereby supporting regional market growth during the forecast period.
Growth Factors:
- Increasing demand from the automotive industry as a result of the growth in global vehicle production.
- Rising demand for benzene from the construction industry, due to growth in infrastructure development projects around the world.
- Rapid expansion of the plastics and synthetic rubber industries, which are key consumers of benzene derivatives.
- Growing use of benzene as a precursor for manufacturing other chemicals such as pesticides, solvents and pharmaceuticals products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Benzene Market Research Report
By Type
Ethylbenzene, Cumene, Cyclohexane, Nitrobenzene, Alkylbenzene
By Application
Plastics, Polymers, Others
By Companies
BASF, ExxonMobil, Reliance Industries Limited, Shell, The Dow Chemical Company, China National Petroleum Corporation (CNPC), GS Caltex, Haldia Petrochemicals, Indian Oil Corporation, NAFTPRO Petroleum Products, BASF, PTT Global Chemical, RÜTGERS, Saudi Arabian Oil
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Benzene Market Report Segments:
The global Benzene market is segmented on the basis of:
Types
Ethylbenzene, Cumene, Cyclohexane, Nitrobenzene, Alkylbenzene
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Plastics, Polymers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- ExxonMobil
- Reliance Industries Limited
- Shell
- The Dow Chemical Company
- China National Petroleum Corporation (CNPC)
- GS Caltex
- Haldia Petrochemicals
- Indian Oil Corporation
- NAFTPRO Petroleum Products
- BASF
- PTT Global Chemical
- RÜTGERS
- Saudi Arabian Oil
Highlights of The Benzene Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ethylbenzene
- Cumene
- Cyclohexane
- Nitrobenzene
- Alkylbenzene
- By Application:
- Plastics
- Polymers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Benzene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Benzene is a colorless, volatile, flammable liquid with a sweet odor. It is used in manufacturing plastics and other materials.
Some of the key players operating in the benzene market are BASF, ExxonMobil, Reliance Industries Limited, Shell, The Dow Chemical Company, China National Petroleum Corporation (CNPC), GS Caltex, Haldia Petrochemicals, Indian Oil Corporation, NAFTPRO Petroleum Products, BASF, PTT Global Chemical, RœTGERS, Saudi Arabian Oil.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Benzene Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Benzene Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Benzene Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Benzene Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Benzene Market Size & Forecast, 2020-2028
4.5.1 Benzene Market Size and Y-o-Y Growth
4.5.2 Benzene Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ethylbenzene
5.2.2 Cumene
5.2.3 Cyclohexane
5.2.4 Nitrobenzene
5.2.5 Alkylbenzene
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Plastics
6.2.2 Polymers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Benzene Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Benzene Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ethylbenzene
9.6.2 Cumene
9.6.3 Cyclohexane
9.6.4 Nitrobenzene
9.6.5 Alkylbenzene
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Plastics
9.10.2 Polymers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ethylbenzene
10.6.2 Cumene
10.6.3 Cyclohexane
10.6.4 Nitrobenzene
10.6.5 Alkylbenzene
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Plastics
10.10.2 Polymers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ethylbenzene
11.6.2 Cumene
11.6.3 Cyclohexane
11.6.4 Nitrobenzene
11.6.5 Alkylbenzene
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Plastics
11.10.2 Polymers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ethylbenzene
12.6.2 Cumene
12.6.3 Cyclohexane
12.6.4 Nitrobenzene
12.6.5 Alkylbenzene
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Plastics
12.10.2 Polymers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ethylbenzene
13.6.2 Cumene
13.6.3 Cyclohexane
13.6.4 Nitrobenzene
13.6.5 Alkylbenzene
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Plastics
13.10.2 Polymers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Benzene Market: Competitive Dashboard
14.2 Global Benzene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 ExxonMobil
14.3.3 Reliance Industries Limited
14.3.4 Shell
14.3.5 The Dow Chemical Company
14.3.6 China National Petroleum Corporation (CNPC)
14.3.7 GS Caltex
14.3.8 Haldia Petrochemicals
14.3.9 Indian Oil Corporation
14.3.10 NAFTPRO Petroleum Products
14.3.11 BASF
14.3.12 PTT Global Chemical
14.3.13 RÜTGERS
14.3.14 Saudi Arabian Oil
