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global benzene market

Global Benzene market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. February 2020 This region is also expected to be the fastest growing market during the forecasted period, with increasing markets for end-users like electronics and home appliances, packaging and construction in China, India, and ASEAN countries. Eastern Europe Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 18.1. Benzene Market Competitive analysis Some of the prominent players operating in the global benzene market are BASF SE (Germany), Ecolab (U.S.), The Dow Chemical Company (U.S.), Arsol Aromatics GmbH & Co. KG (Germany), Exxon Mobil Corporation (U.S.), Royal Dutch Shell plc (the Netherlands), China Petroleum & Chemical Corporation (China), SABIC (Saudi Arabia), BP p.l.c. The increased use of styrene to drive benzene market. Click here. Starting Price : Downstream expansion is likely to act as an opportunity in the future. Global Benzene Market Competitive Landscape. Benzene Market Competitive Landscape, 25.2.3. The benzene market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Detrimental effects of benzene exposure is likely to hinder the growth of the market studied. Global Benzene Market 2020-2024 The author has been monitoring the benzene market and it is poised to grow by $ 6.10 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Japan Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 10.1. Expanding demand of styrene polymers from a number of end-use industries such as paints and coatings, automobiles, foams, and films is expected to continue to bode well for benzene and its derivatives market over the 2020- 2030 forecast timeframe. These advantages of usage of styrene-based polymers and copolymers especially in automotive industry is expected to contribute to the growth of benzene market. The global benzene market demand has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Global Benzene Market, Segmentation By Derivative, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 4.3. In order to provide a safe environment government agencies limit the amount of benzene that can be released in to the environment. 150 3 Million Tons by 2027. South America Benzene Market Overview, 21.2. Asia-pacific presently leads the consumption of benzene with around 50% share of global consumption. The Benzene market, along with its various derivatives, has witnessed a significant growth in the recent years and this growth is estimated to persist in the coming years. Styrene is used in the production of various products, such as polystyrene, acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) resins, styrene-butadiene elastomers, latexes, and unsaturated polyester resins. In October 2019, Saudi Basic Industries Corp (SABIC) completed merger of its wholly owned affiliates Saudi Petrochemical Company (Sadaf) and Arabian Petrochemical Company (Petrokemya). Benzene demand is anticipated to grow at a healthy CAGR of 2.9% during the forecast period. It is a six carbon unsaturated cyclic hydrocarbon with a chemical formula C6H6. Key Mergers And Acquisitions In The Benzene Market, 28. 3) By Application: Plastics, Resins, Synthetic Fibers, Rubber Lubricants, 3.1. UK Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 15.1. These applications are likely to support the demand for and growth of ethyl benzene. New York, Jan. 07, 2020 (GLOBE NEWSWIRE) -- The global benzene market is forecast to reach USD 115.42 Billion by 2027, according to a new report by Reports and Data. The global (Trifluoromethoxy) Benzene market size is projected to reach USD 110200 Million by 2026, from USD 90380 Million in 2020, at a CAGR of 3.4% during 2021-2026.. Major factors driving the growth of Benzene market size are the rising demand for methylene diphenyl diisocyanate (MDI, the increasing demand for benzene as solvents in manufacturing chemicals and plastic products. Benzene is manufactured primarily as a coproduct. Global Benzene Scope and Market Size Benzene market is segmented by Type, and by Application. Benzene Global Market Report 2020 is one of a series of new reports from The Business Research Company that provide Benzene market overviews, analyze and forecast market size and growth for the whole market, Benzene market segments and geographies, Benzene market trends, Benzene market geographies. To understand key trends, Download Sample Report. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. It is also anticipated to be the fastest growing market due to increasing demand from end users such as packaging, construction, and electronics & home appliances, which in turn increases the demand for … This region is also expected to be the fastest growing market during the forecasted period, with increasing markets for end-users like electronics and home appliances, packaging and construction in China, India, and ASEAN countries. All Rights Reserved to Mordor Intelligence. The global Benzene market is highly competitive in nature in tandem with the high degree of integration across the value chain. 4.1.1 Increasing Demand for Styrene Polymers from Various End-user Industries, 4.2.1 Detrimental Effects of Benzene Exposure, 4.4.4 Threat of Substitute Products and Services, 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements, 6.3 Strategies Adopted by Leading Players, 6.4.10 JXTG Nippon Oil & Energy Corporation, 6.4.12 LyondellBasell Industries Holdings BV, 7. The "Global Benzene Market Size Forecast to 2028 - Trends, Analysis and Outlook by Intermediate Product, and Geography" report has been added to ResearchAndMarkets.com's offering. For instance, the EPA (Environmental Protection Agency) has set the maximum permissible level of benzene in drinking water at 5 ppb (per billion parts of air). Middle East Benzene Market Overview, 23.2. (UK), and Repsol … The global benzene derivative market is segmented on the basis of type, application, and geography. The Global Benzene Market will grow by $ 6.10 bn during 2020-2024 Benzene is a light, highly flammable, colorless and volatile, liquid aromatic hydrocarbon with a sweet odor. Global Linear Alkyl Benzene (LAB) Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during the forecast period. Global Benzene Historic Market, 2015 - 2019, $ Billion, 3.2. South America Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 22.1. Global Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 5. Global benzene and its derivatives market is expected to witness strong growth over the forecast period owing to increasing demand in coating & paints and automotive industries. Benzene is an aromatic hydrocarbon that is extracted from crude oil through refinery processes. The global Linear Alkyl Benzene market is highly fragmented. yngenta And Bayer AG Are Global Leaders In The Consolidated Pesticides Market, The Impact Of Economic Growth On The Global Methanol Market, Growth Of End-User Industries And Green Innovations Will Drive The Polyurethane Market To Be The Largest Segment Of The Plastic Materials And Resins Market, Economic Growth And Growing World Populations Will Drive The Pesticides Market Growth, Pressure Swing Adsorption Technology For On-Site Nitrogen And Oxygen Production, Changing Farming Practices In The UK’s Pesticides Market, The Demand For Synthetic Dyes And Pigments From End-User Industries Is Rapidly Increasing, Nitrogen’s Many Uses In Established Industries Helps It Lead The Global Industrial Gas Market, Paper, Plastics, Rubber, Wood And Textile. Want to procure Price Intelligence Data to help your decision making? The report contains data of the base year 2018 and historic year 2017. Thus, the rising demand for various products from various end-user industries is expected to drive the market in the country, during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Benzene. The global benzene market is forecast to reach $ 115.42 billion by 2027, according to a new report by Reports and Data. Asia-Pacific Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 7.2. India Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 9.2. benzene is a natural constituent of crude oil and is also one of the elementary petrochemicals. Amid the COVID-19 crisis, the global market for Benzene estimated at 48. Market Definition: Global Benzene Market | Published : Global Benzene Market to Reach 54. Benzene is highly inflammable, toxic and hazardous when exposed to extreme temperatures and pressures. Global Benzene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 5.2. Global Benzene and Its Derivatives Market Description: Expanding demand for the polymers, in number of end-use industries such as pesticides, cellulose acetate, paints, and inks, synthetic rubber, and recovery of natural gas may allow the benzene market to grow at a high pace. Germany Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 16.3. Market Segment by Applications, can be divided into Plastics Polymers Others There are 15 Chapters to deeply display the global Benzene market. Research and Markets Logo. China Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion, 8.2. To understand geography trends, Download Sample Report. 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