Global Benzene Market 2024-2028

Global Benzene Market 2024-2028


The benzene market is forecasted to grow by USD 7.01 bn during 2023-2028, accelerating at a CAGR of 3.77% during the forecast period. The report on the benzene market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in demand for benzene in developing economies, increasing demand for benzene from various applications, and growing demand for polymers in different industries.

Technavio's benzene market is segmented as below:

By Method
  • Catalytic reforming
  • Steam cracking
  • Others
By Derivative Type
  • Styrene
  • Cumene
  • Cyclohexane
  • Aniline
  • Others
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America
This study identifies the increase in spending by pharmaceutical industry as one of the prime reasons driving the benzene market growth during the next few years. Also, rising preference for bio-based latexes and technological advances in benzene production will lead to sizable demand in the market.

The report on the benzene market covers the following areas:
  • Benzene market sizing
  • Benzene market forecast
  • Benzene market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading benzene market vendors that include Arsol Aromatics GmbH and Co. KG, BASF SE, Borealis AG, BP Plc, Braskem SA, Chevron Corp., China National Petroleum Corp., China Petrochemical Corp., Dow Chemical Co., Eastman Chemical Co., ENEOS Holdings Inc., Exxon Mobil Corp., Indian Oil Corp. Ltd., LyondellBasell Industries N.V., Merck KGaA, Mitsubishi Chemical Group Corp., Repsol SA, Saudi Basic Industries Corp., Shell plc, and TotalEnergies SE. Also, the benzene market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Method
      • Table Executive Summary – Chart on Market Segmentation by Derivative Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global benzene market 2018 - 2022
      • Table Historic Market Size – Data Table on global benzene market 2018 - 2022 ($ million)
    • Method Segment Analysis 2018 - 2022
      • Table Historic Market Size – Method Segment 2018 - 2022 ($ million)
    • Derivative Type Segment Analysis 2018 - 2022
      • Table Historic Market Size – Derivative Type Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Method
    • Market segments
      • Table Chart on Method - Market share 2023-2028 (%)
      • Table Data Table on Method - Market share 2023-2028 (%)
    • Comparison by Method
      • Table Chart on Comparison by Method
      • Table Data Table on Comparison by Method
    • Catalytic reforming - Market size and forecast 2023-2028
      • Table Chart on Catalytic reforming - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Catalytic reforming - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Catalytic reforming - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Catalytic reforming - Year-over-year growth 2023-2028 (%)
    • Steam cracking - Market size and forecast 2023-2028
      • Table Chart on Steam cracking - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Steam cracking - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Steam cracking - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Steam cracking - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Method
      • Table Market opportunity by Method ($ million)
      • Table Data Table on Market opportunity by Method ($ million)
  • Market Segmentation by Derivative Type
    • Market segments
      • Table Chart on Derivative Type - Market share 2023-2028 (%)
      • Table Data Table on Derivative Type - Market share 2023-2028 (%)
    • Comparison by Derivative Type
      • Table Chart on Comparison by Derivative Type
      • Table Data Table on Comparison by Derivative Type
    • Styrene - Market size and forecast 2023-2028
      • Table Chart on Styrene - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Styrene - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Styrene - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Styrene - Year-over-year growth 2023-2028 (%)
    • Cumene - Market size and forecast 2023-2028
      • Table Chart on Cumene - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Cumene - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Cumene - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Cumene - Year-over-year growth 2023-2028 (%)
    • Cyclohexane - Market size and forecast 2023-2028
      • Table Chart on Cyclohexane - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Cyclohexane - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Cyclohexane - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Cyclohexane - Year-over-year growth 2023-2028 (%)
    • Aniline - Market size and forecast 2023-2028
      • Table Chart on Aniline - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Aniline - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Aniline - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Aniline - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Derivative Type
      • Table Market opportunity by Derivative Type ($ million)
      • Table Data Table on Market opportunity by Derivative Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • South Korea - Market size and forecast 2023-2028
      • Table Chart on South Korea - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Rise in demand for benzene in developing economies
      • Increasing demand for benzene from various applications
      • Growing demand for polymers in different industries
    • Market challenges
      • Price fluctuation of crude oil
      • Limited availability of toluene in the European Union (EU)
      • Health hazards of benzene in end-user industries
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Increase in spending by pharmaceutical industry
      • Rising preference for bio-based latexes
      • Technological advances in benzene production
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • BASF SE
      • Table BASF SE - Overview
      • Table BASF SE - Business segments
      • Table BASF SE - Key news
      • Table BASF SE - Key offerings
      • Table BASF SE - Segment focus
    • Borealis AG
      • Table Borealis AG - Overview
      • Table Borealis AG - Business segments
      • Table Borealis AG - Key offerings
      • Table Borealis AG - Segment focus
    • BP Plc
      • Table BP Plc - Overview
      • Table BP Plc - Business segments
      • Table BP Plc - Key news
      • Table BP Plc - Key offerings
      • Table BP Plc - Segment focus
    • Braskem SA
      • Table Braskem SA - Overview
      • Table Braskem SA - Business segments
      • Table Braskem SA - Key offerings
      • Table Braskem SA - Segment focus
    • Chevron Corp.
      • Table Chevron Corp. - Overview
      • Table Chevron Corp. - Business segments
      • Table Chevron Corp. - Key news
      • Table Chevron Corp. - Key offerings
      • Table Chevron Corp. - Segment focus
    • China National Petroleum Corp.
      • Table China National Petroleum Corp. - Overview
      • Table China National Petroleum Corp. - Product / Service
      • Table China National Petroleum Corp. - Key offerings
    • China Petrochemical Corp.
      • Table China Petrochemical Corp. - Overview
      • Table China Petrochemical Corp. - Business segments
      • Table China Petrochemical Corp. - Key offerings
      • Table China Petrochemical Corp. - Segment focus
    • Dow Chemical Co.
      • Table Dow Chemical Co. - Overview
      • Table Dow Chemical Co. - Business segments
      • Table Dow Chemical Co. - Key news
      • Table Dow Chemical Co. - Key offerings
      • Table Dow Chemical Co. - Segment focus
    • Eastman Chemical Co.
      • Table Eastman Chemical Co. - Overview
      • Table Eastman Chemical Co. - Business segments
      • Table Eastman Chemical Co. - Key offerings
      • Table Eastman Chemical Co. - Segment focus
    • ENEOS Holdings Inc.
      • Table ENEOS Holdings Inc. - Overview
      • Table ENEOS Holdings Inc. - Product / Service
      • Table ENEOS Holdings Inc. - Key offerings
    • Exxon Mobil Corp.
      • Table Exxon Mobil Corp. - Overview
      • Table Exxon Mobil Corp. - Business segments
      • Table Exxon Mobil Corp. - Key news
      • Table Exxon Mobil Corp. - Key offerings
      • Table Exxon Mobil Corp. - Segment focus
    • Indian Oil Corp. Ltd.
      • Table Indian Oil Corp. Ltd. - Overview
      • Table Indian Oil Corp. Ltd. - Business segments
      • Table Indian Oil Corp. Ltd. - Key offerings
      • Table Indian Oil Corp. Ltd. - Segment focus
    • Repsol SA
      • Table Repsol SA - Overview
      • Table Repsol SA - Product / Service
      • Table Repsol SA - Key offerings
    • Saudi Basic Industries Corp.
      • Table Saudi Basic Industries Corp. - Overview
      • Table Saudi Basic Industries Corp. - Business segments
      • Table Saudi Basic Industries Corp. - Key offerings
      • Table Saudi Basic Industries Corp. - Segment focus
    • Shell plc
      • Table Shell plc - Overview
      • Table Shell plc - Business segments
      • Table Shell plc - Key offerings
      • Table Shell plc - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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