Benzene Market Demand, Share, Trends, Size, Companies, Industry Outlook and Global Report by 2027

April 13 21:04 2023
Benzene Market Demand, Share, Trends, Size, Companies, Industry Outlook and Global Report by 2027
Benzene Market Research Report 2023
Some of the key players are like BASF, Sinopec, Royal Dutch Shell, China National Petroleum Corporation, DuPont and more.

IMARC Group has recently released a new research study titled “Benzene Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027“, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Benzene Market: Industry Size and CAGR

The global benzene market reached a value of US$ 59.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.7 Billion by 2027, exhibiting a CAGR of 3.7% during 2022-2027.

Uses of Benzene: Application

Benzene is an organic chemical compound with the chemical formula C6H6. It is a colorless, highly flammable liquid with a sweet odor. It is one of the most widely used industrial chemicals, primarily as a base material for the production of a wide range of chemicals, dyes, and detergent fibers. Benzene is high toxic in nature and is considered a carcinogen, exposure to which can lead to serious health issues, such as leukemia and other blood-related disorders.

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Market Trends:

The widespread application of styrene across industries, such as automotive and electronics, represents one of the key factors driving the market growth. In line with this, styrene is produced from ethylbenzene, which is a derivative of benzene and is employed in a wide variety of industrial applications. Moreover, benzene is commonly employed in the production of polystyrene, which, owing to its resilience, flexibility, lightweight, and moisture resistance, is extensively utilized in the packaging industry. The steadily expanding petrochemical sector is expected to create a significant demand for benzene, thus, in turn, driving the market growth. Other factors, such as extensive research and development (R&D) activities and the extensive usage of benzene in paints and coatings industry, are creating a positive outlook for the market across the globe.

Benzene Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the benzene market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered:

  • BASF
  • Sinopec
  • Royal Dutch Shell
  • China National Petroleum Corporation
  • DuPont
  • Saudi Basic Industries Corporation
  • China Petroleum & Chemical Corporation
  • ExxonMobil Corporation
  • JX Holdings
  • BP
  • Borealis AG
  • Braskem
  • Repsol
  • Arsol Aromatics GmbH & Co. KG

Report Segmentation:

The report has segmented the global benzene market based on derivative, manufacturing process, application and region.

Breakup by Derivative:

  • Ethylbenzene
  • Cumene
  • Cyclohexane
  • Nitrobenzene
  • Linear Alkylbenzene
  • Maleic Anhydride
  • Others

Breakup by Manufacturing Process:

  • Pyrolysis Steam Cracking of Naphtha
  • Catalytic Reforming of Naphtha
  • Toluene Hydrodealkylation
  • Toluene Disproportionation
  • From Biomass

Breakup by Application:

  • Plastics
  • Resins
  • Synthetic Fibers
  • Rubber Lubricants
  • Others

Geographical Analysis:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

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Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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