Data Bridge Market Research analyses that the global benzene market, which was USD 48.65 billion in 2022, is expected to reach USD 62.55 billion by 2030, growing at a CAGR of 3.0% during the forecast period of 2023 to 2030.
Key Pointers Covered in Benzene Market Industry Trends and Forecast to 2030
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
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Benefits of Considering this Report:
- This report is compiled using a vigorous and thorough research methodology. Data Bridge Market Research is also known for its data accuracy and granular market reports.
- A complete picture of the competitive scenario of Benzene Market is depicted by this report.
- The report consists of a vast amount of data about the recent product and technological developments in the markets.
- The insights in the report are easy to understand and include a graphical representation of the numbers in the form of histograms, bar graphs, pie charts, etc.
Benzene Market Scope and Market Size
The global benzene market is segmented on the basis of derivative and end-use industries. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Derivative
- Alkyl Benzene
- Cumene
- Cyclohexane
- Ethyl Benzene
- Nitro Benzene
- Others
End-Use Industry
- Construction
- Transportation
- Medical
- Pulp and Paper
- Automobile Industries
- Packaging
- Textile
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Some of the key questions answered in this report:
- How has the Benzene Market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the procedure?
- What is the breakup of the market based on the injury location?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Benzene Market and who are the key players?
- What is the degree of competition in the industry?
Market Analysis and Insights: Benzene Market
- Benzene is a highly flammable, colorless, sweet-smelling aromatic hydrocarbon and a ware petrochemical industrial solvent. It tends to evaporate rapidly on being exposed to air and is a petrochemical product that has various subsidiaries such as aniline, alkyl benzene, cumene, cyclohexane, chlorobenzene, ethylbenzene, nitrobenzene, phenol among others. It is used in numerous sectors such as consumer products, electrical & electronics, transportation, construction, and medical and is also used as a solvent in a large range of commercial and economic industries.
- The essential factors contributing to the growth of the global benzene market in the forecast period of 2023 to 2030 include the growing phenol consumption and the rising demand for methylene diphenyl diisocyanate. Also, increasing demand for polyester in sectors such as textiles, packaging, and automotive is significantly contributing to the market’s growth.
- The rising demand for polyester in sectors such as textiles, packaging, and automotive is driving the benzene market. Benzene is a crucial component in the production of polyester fibers and resins, making it an essential raw material. The increasing consumption of polyester products fuels the demand for benzene as a key feedstock, presenting potential growth in the market.
- The growing demand for benzene derivatives, driven by sectors like automotive, construction, and electronics, presents an opportunity in the benzene market. Producers and suppliers can capitalize on this demand by meeting the increasing need for plastics, synthetic fibers, resins, and rubber and expanding their market presence and profitability.
Benzene Market Country Level Analysis
- S., Canada and Mexico in [North America]
- Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, [Rest of Europe]
- China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, [Rest of Asia-Pacific (APAC)]
- Saudi Arabia, U.A.E, South Africa, Egypt, Israel, [Rest of Middle East and Africa (MEA)]
- Brazil, Argentina and [Rest of South America]
Benzene Market Share Analysis
The global benzene market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global benzene market.
Key player Benzene Market
- China National Petroleum Corporation (China)
- Haldia Petrochemicals Limited (India)
- PTT Global Chemical Public Company Limited (Thailand)
- Indian Oil Corporation Ltd (India)
- GS Caltex Corporation (South Korea)
- Dow (USA)
- Reliance Industries Limited (India)
- SABIC (Saudi Arabia)
- Royal Dutch Shell Plc (Netherlands)
- Repsol (Spain)
- Arsol Aromatics GmbH & Co. KG (Germany)
- BASF SE (Germany)
- ExxonMobil Corporation (USA)
MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Benzene Market Share by Product & Procedure type
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