Benzene Market Revenue, Trends, Growth Factors, Region And Country Analysis & Forecast To 2030

0
28

The global benzene market is forecast to reach USD 60.72 Billion by 2030, according to a new report by Reports and Data. Benzene is a commodity petrochemical and an aromatic hydrocarbon product. It is manufactured as a by-product in refineries and stream crackers.

The demand for the product is fueled by the supply and demand of other products derived from it. Benzene is used in several range of economic sectors such as construction, electrical & electronics, consumer products, pesticides, and construction.

The rapid growth of end-user industries has significantly driven the applications for the derivatives globally, thus influencing the market growth. Rise in population, coupled with the increase in disposable incomes, has led to the growth of several bulk materials and consumer products. Low price of the feedstock and economical commodity product prices have also contributed to the higher consumption of benzene derivatives.

Asia Pacific dominates the market for benzene owing to the high rate of consumption in China. The country in the past few years has witnessed all the additional benzene requirements despite a gradually slowing economy. Expansion of refinery capacity in China and large-scale p-xylene plants to feed the downstream petrochemical industry has propelled the demand in the country.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2326

key companies Sinopec, BASF SE, Dow DuPont, Saudi Basic Industries Corporation, ExxonMobil Corporation, China National Petroleum Corporation, Royal Dutch Shell plc. JX Holdings, Bp Plc., and Borealis AG, among others.

Further key findings from the report suggest

  • An increase in the application of insulation materials in the construction industry is one of the factors contributing to the growth of the market. Moreover, growing urbanization and rising disposable incomes, has led to an increase in the demand for consumer products such as furniture wax and thinners globally.
  • Benzene serves as a key solvent in various industrial, commercial, and research facilities. For example, alkyl benzene is extensively used to produce surfactants for the production of detergents.
  • A derivative of benzene, Cyclohexane, which is used to manufacture textiles, is a basic raw material for the production of nylon. The paints and coatings used in the construction industry is another growth-inducing factor as it incorporates benzene derivatives in the manufacturing of lacquers and paints.
  • Refiners across the globe utilize catalytic reforming to manufacture high-octane reformate for high-value aromatics of benzene and gasoline blending for petrochemical use. It is also a primary source of refinery-based hydrogen.
  • The European chemical industry is a major part of the country's economy. Europe's chemical industry is a world leader in chemical production. Approximately, more than half of the chemical sales in the region are of polymers and petrochemicals, which in turn propels the demand for benzene.

Inquiry more about to report @ https://www.reportsanddata.com/inquiry-before-buying/2326

Derivative Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019–2030)

  • Cumene
  • Aniline
  • Ethylbenzene
  • Cyclohexane
  • Chlorobenzene
  • Maleic Anhydride
  • Alkylbenzene

Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019–2030)

  • Catalytic Reforming
  • Toluene disproportionation
  • Toluene hydrodealkylation
  • Pyrolysis
  • Steam Cracking of Naphtha
  • From Biomass

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019–2030)

  • Plastics
  • Solvent
  • Chemical Intermediates
  • Surfactants
  • Rubber Manufacturing
  • Detergents
  • Explosives
  • Lubricants
  • Pesticides
  • Others

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

 

Request a customization on the report  https://www.reportsanddata.com/request-customization-form/2326

 Key Questions answered by the Report:

  • What is the expected year-on-year growth of the during the forecast period?
  • What key trends are expected influence revenue growth of the market going ahead?
  • Which region is expected to account for largest revenue share over the forecast period?
  • Which key companies are profiled in the report?

 

Thanks for reading our report. For more details on customization, please connect with us to know more and our team will ensure the report is well suited to your needs.

For More Reports:-

Activated Alumina Spheres Market: https://www.reportsanddata.com/report-detail/activated-alumina-spheres-market

Glass Mat Market: https://www.reportsanddata.com/report-detail/glass-mat-market

LiNbO3 Crystal Market:  https://www.reportsanddata.com/report-detail/linbo3-crystal-market

About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs

Căutare
Categorii
Citeste mai mult
Alte
Dubai city tour with Burj Khalifa : Abu Dhabi City Tour : Al Ain City Tour
Dubai City Tour - A Memorable Tour to the City of Wonders! A Dubai city tour package is...
By HappyLand Tourism 2023-04-28 14:56:41 0 56
Alte
Fluid Transfer System Market Manufacturers, Research Methodology, Competitive Landscape and Business Opportunities by 2028
Emergen Research’s latest market research report focuses on the global Fluid Transfer...
By Vaishnavi Rokade 2022-11-16 07:03:26 0 14
Alte
Dairy Alternatives Market is expected expanding at a CAGR of 12.5 % from 2023 to 2028
The Global Dairy Alternatives Market study may be customized to include pricing trend...
By Rohan Nale 2023-01-13 12:47:35 0 25
Shopping
Jacob Trouba reportedly seeks 7 million in arbitra
Jacob Trouba and the Winnipeg Leighton Vander Esch Jersey Jets have been down this road before...
By Seestyle Seestyle 2022-09-05 07:29:00 0 26
Alte
Islamic Education in India
Most affordable Online Islamic Education in the World Before we begin our discussion let us...
By Mumtaza Technoloies 2023-02-04 09:44:23 0 26