Global Benzene Market, by Application, Plant Capacity, Production, Operating Efficiency and Regional Forecasts 2024


Posted April 23, 2020 by Kavita

Global Benzene Market demand is anticipated to grow at a healthy CAGR of 2.9% during the forecast period
 
Bharat Book Bureau Provides the Trending Market Research Report on “Global Benzene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030”under Chemical & MaterialsCategory. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Global Benzene Market demand is anticipated to grow at a healthy CAGR of 2.9% during the forecast period. Benzene is colorless organic compound and it is widely used as a chemical intermediate to produce wide range of chemicals such as ethylbenzene, cumene, cyclohexane, nitrobenzene, linear alkyl benzene, etc. Growing consumption of Benzene derivatives in the automotive industry for manufacturing synthetic rubber has increased Benzene demand in the global market and the product demand is anticipated to increase further due to robust growth in the automotive market. Benzene is majorly being produced by Pygas followed by Naphtha reformate.

Elevating demand for Cumene to produce acetone which has applications in automotive and architectural industries is also contributing towards the growth of Global Benzene market. Rising demand for rubber processing chemicals, nylon reins and synthetic fibers is also fascinating the downstream market of Benzene derivatives.

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Ethylbenzene which is one of the derivatives of Benzene finds application in producing styrene and growing demand of styrene based polymers such as polystyrene, styrene acrylonitrile reins, acrylonitrile butadiene styrene rubber in the disposable medical devices and consumer electronics is also boosting Benzene market globally. Amongst the five regions (Asia-Pacific, Europe, North America, Middle East & Africa and South America), Asia Pacific region holds the largest volume share of global Benzene market. Recently, working from home imposed by the government due to COVID-19 could fall gasoline demand. Moreover, working from home is boosting greater usage of home food delivery, online shopping, electronic devices and electrical appliances which will contribute towards the spurring demand of Benzene during the forecast period.

Years Considered for this Report:

Historical Years: 2013 – 2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021 – 2030

Objective of the Study:

• The primary objective of the study was to evaluate and forecast Benzene capacity, production, demand and demand – supply gap globally.

• To categorize Benzene demand based on end use, region and sales channel.

• To study company shares in Global Benzene market.

• To identify major customers of Benzene globally.

• To evaluate and forecast Benzene pricing in Global Benzene market.

• To identify and profile major companies operating in Global Benzene market.

• To identify major news, deals and expansion plans in Global Benzene market.

Royal Dutch Shell Plc., China National Petroleum Corporation (Sinopec), Saudi Basic Industries Corporation, ExxonMobil Corporation, JX Holdings, Inc., GS Caltex, Haldia Petrochemicals Limited, Reliance Industries Limited, Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited etc., are some of the leading players operating in the Global Benzene market.

To extract data for Global Benzene market, primary research surveys were conducted with Benzene manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Benzene market over the coming years.

ChemAnalyst calculated Benzene global demand by analyzing the historical data and demand forecast was carried out considering crude oil prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.

Key Target Audience:

• Benzene manufacturers and other stakeholders

• Organizations, forums and alliances related to Benzene distribution

• Government bodies such as regulating authorities and policy makers

• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Benzene manufacturers, distributors, importers and end users. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, the Global Benzene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by End Use - Ethylbenzene, Cumene, Cyclohexane, Nitrobenzene and Others (Linear Alkyl Benzene, Maleic Anhydride etc.)

Market, by Sales Channel - Direct/Institutional Sales, Retail Sales, Other Channel Sales

Market, by Region - APAC, Europe, North America, MEA, South America

Market, by Region

APAC - China, Japan, South Korea, Taiwan, Singapore, India

Europe - Germany, France, Russia, Belgium, Spain, United Kingdom

North America - United States, Mexico, Canada

MEA - Saudi Arabia, Iran, South Africa

South America - Brazil, Argentina, Chile

Competitive Landscape

Competition Outlook: Outlook of leading 10 players based on product portfolio, market pricing, average selling price, sales footprint, etc.

Company Profiles: Detailed analysis of the major companies operating in the Global Benzene market.

Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.

In case you can’t find what, you are looking for then please get in touch with our custom research team at [email protected]

Browse our full report with Table of Content :

https://www.bharatbook.com/marketreports/global-benzene-market-plant-capacity-production-operating-efficiency-demand-supply-technology-competition-trade/2052450




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Tags benzene market , benzene market outlook , benzene market research report , benzene market trends
Last Updated April 23, 2020