The Global Benzene Market is expected to reach USD 2.10 billion by 2025, from USD 1.32 billion in 2017 growing at a CAGR of 6.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global Benzene Market By Derivative (Ethylbenzene, Cumene, Cyclohexane, Nitrobenzene, Alkylbenzene, Others), By Application (Plastics, Resins, Synthetic Fibers, Rubber Lubricants, Dyes, Detergents, Drugs, Pesticides, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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The key players operating in the global Benzene market are –
- Eastman Chemical Company
- Chevron Phillips Chemical Company
- BASF SE
- Sumitomo Chemical Co., Ltd.
- SHOWA DENKO K.K
The other players in the market are Braskem SE, Royal Dutch Shell PLC, Braskem, DowDuPont, Evonik Industries AG, Exxon Mobil Corporation., Ineos Group, JXTG Holdings, Inc., LG Chem., Maruzen Petrochemica, Reliance Industries Limited, SABIC, China Petroleum & Chemical Corporation., SK global chemical Co., Ltd, HEL GROUP, Lonza, Corning Incorporated, Vapourtec Ltd., Velocys, FutureChemistry, Mitsubishi Corporation., LyondellBasell Industries Holdings B.V., and many more.
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Benzene is a major part of gasoline and is found in crude oil. It is a colourless and flammable liquid with a sweet smell. Benzene is the raw material for a number of industrial products like ethylbenzene, cumene and cyclohexane. It is also used to make resins, synthetic fibres, dyes, rubber lubricants, drugs, detergent, house hold cleanser and pesticides. According to The statistics Portal, in 2016, the market for house hold cleanser and detergent was forecasted to generate USD 61.06 billion as compared to 2015. This above factor proves that the market of house hold cleanser and detergent around the globe is growing and will drive a raise in demand for Benzene.
- High demand from various end-user industries
- Growing demand for Polyester
- Harmful effect of Benzene
- Maturity Of The Product
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Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global Benzene market
- Analyze and forecast the Benzene market on the basis of derivative and application
- Trends of key regional and country-level markets for derivative and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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