Global Benzene Market - 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	195 Pages	DataM Intelligence 4Market Research LLP	June, 2023	DTAM18001032

Best Price Guarantee
Price	from $4,350
Length	195 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	June, 2023
SKU	DTAM18001032

Global Benzene Market - 2023-2030

The Global Benzene Market reached US$ 64 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 81 billion by 2030. The market is growing at a CAGR of 3.0% during the forecast period 2023-2030.

Benzene is a hydrocarbon compound derived from crude oil or coal tar. Benzene is known for its stability and unique chemical properties. Its hexagonal structure and alternating double bonds make it highly stable and reaction-resistant.

It allows benzene to become a versatile precursor for synthesizing various chemicals and compounds. Benzene is a vital raw material in producing different chemicals, plastics, synthetic fibers and resins.

Market Dynamics

Growth In Global Construction And Infrastructure Development

The construction industry is a significant consumer of benzene-based products, primarily polymers and plastics. Rapid infrastructure development is taking place in developing regions such as Asia-Pacific.

The expanding construction sector, driven by population growth, urbanization and infrastructure development, increases the demand for benzene-based products. Plastics and polymers derived from benzene are used in construction materials, pipes, insulation, flooring and other applications.

The Shift Towards Development Of Green Chemicals

The increasing focus on sustainability and environmentally friendly practices has led to the developing of green chemicals. The outsized environmental impact of fossil-fuel-based benzene has led companies to explore alternative production methods. Companies are exploring renewable and bio-based feedstocks as alternatives to traditional fossil fuel-based benzene production.

The shift towards green chemicals presents an opportunity for the global benzene market to align with sustainable practices and cater to the growing demand for environmentally friendly materials.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The Global Benzene Market is segmented based on derivative, application and region.

Owing To Their Versatility Resins Occupy A Significant Share In The Application Segment

Resins have a significant share of nearly 19% in the global benzene market. Resins derived from benzene exhibit exceptional versatility, making them suitable for various industrial applications. Benzene-based resins can be tailored to have different properties, such as hardness, flexibility, durability, adhesion and chemical resistance. The versatility allows resins to be used in diverse applications, including adhesives, coatings, paints, sealants, varnishes and composites.

Geographical Analysis

A Strong Industrial Base Makes North America A Key Region For The Global Benzene Market

North America commands a share of nearly 27.2% in the global benzene market. has a robust manufacturing and industrial base, driving the demand for benzene and its derivative products.

The region's automotive, construction and consumer goods sectors are major consumers of benzene-based products, such as plastics, synthetic fibers, rubbers and resins. Steady growth in demand is also observed in the defense, aerospace and shipbuilding industries, which are gradually adopting lightweight materials. The steady demand from these industries contributes to the growth and stability of the North American benzene market.

Competitive Landscape

The major global players include BASF SE, Chevron Phillips Chemical Company LP, BASF SE, PetroChina Company Ltd., Royal Dutch Shell PLC, China Petroleum & Chemical Corporation, SABIC, BP p.l.c., Repsol and LyondellBasell.

Why Purchase the Report?
• To visualize the Global Benzene Market segmentation based on derivative, application and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of chelating agents’ market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Benzene Market Report Would Provide Approximately 53 Tables, 54 Figures And 195 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

1. Methodology and Scope: 1.1. Research Methodology; 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary: 3.1. Snippet by Derivative; 3.2. Snippet by Application; 3.3. Snippet by Region
4. Dynamics: 4.1. Impacting Factors; 4.1.1. Drivers; 4.1.1.1. The growing demand for green benzene; 4.1.2. Restraints; 4.1.2.1. Volatility in benzene prices; 4.1.3. Opportunity; 4.1.4. Impact Analysis
5. Industry Analysis: 5.1. Porter's Five Forces Analysis; 5.2. Supply Chain Analysis; 5.3. Pricing Analysis; 5.4. Regulatory Analysis
6. COVID-19 Analysis: 6.1. Analysis of COVID-19; 6.1.1. Before COVID-19 Scenario; 6.1.2. During COVID-19 Scenario; 6.1.3. Post COVID-19 or Future Scenario; 6.2. Pricing Dynamics Amid COVID-19; 6.3. Demand-Supply Spectrum; 6.4. Government Initiatives Related to the Market During the Pandemic; 6.5. Manufacturers’ Strategic Initiatives; 6.6. Conclusion
7. By Derivative: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative; 7.1.2. Market Attractiveness Index, By Derivative; 7.2. Alkyl Benzene *; 7.2.1. Introduction; 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 7.3. Cumene; 7.4. Ethyl Benzene; 7.5. Cyclohexane; 7.6. Nitrobenzene; 7.7. Others
8. By Application: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 8.1.2. Market Attractiveness Index, By Application; 8.2. Plastics*; 8.2.1. Introduction; 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 8.3. Detergents; 8.4. Resins; 8.5. Synthetic Fibers; 8.6. Dyes; 8.7. Pesticides & Drugs; 8.8. Others
9. By Region: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region; 9.1.2. Market Attractiveness Index, By Region; 9.2. North America; 9.2.1. Introduction; 9.2.2. Key Region-Specific Dynamics; 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative; 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 9.2.5.1. The U.S.; 9.2.5.2. Canada; 9.2.5.3. Mexico; 9.3. Europe; 9.3.1. Introduction; 9.3.2. Key Region-Specific Dynamics; 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative; 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 9.3.5.1. Germany; 9.3.5.2. The UK; 9.3.5.3. France; 9.3.5.4. Spain; 9.3.5.5. Italy; 9.3.5.6. Rest of Europe; 9.4. South America; 9.4.1. Introduction; 9.4.2. Key Region-Specific Dynamics; 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative; 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 9.4.5.1. Brazil; 9.4.5.2. Argentina; 9.4.5.3. Rest of South America; 9.5. Asia-Pacific; 9.5.1. Introduction; 9.5.2. Key Region-Specific Dynamics; 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative; 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 9.5.5.1. China; 9.5.5.2. India; 9.5.5.3. Japan; 9.5.5.4. Australia; 9.5.5.5. Rest of Asia-Pacific; 9.6. Middle East and Africa; 9.6.1. Introduction; 9.6.2. Key Region-Specific Dynamics; 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative; 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10. Competitive Landscape: 10.1. Competitive Scenario; 10.2. Market Positioning/Share Analysis; 10.3. Mergers and Acquisitions Analysis
11. Company Profiles: 11.1. BASF SE*; 11.1.1. Company Overview; 11.1.2. Derivative Portfolio and Description; 11.1.3. Financial Overview; 11.1.4. Key Developments; 11.2. Chevron Phillips Chemical Company LP; 11.3. Exxon Mobil Corporation; 11.4. PetroChina Company Ltd.; 11.5. Royal Dutch Shell PLC; 11.6. China Petroleum & Chemical Corporation; 11.7. SABIC; 11.8. BP p.l.c.; 11.9. Repsol; 11.10. LyondellBasell; LIST NOT EXHAUSTIVE
12. Appendix: 12.1. About Us and Services; 12.2. Contact Us