Global Benzene Market Growth 2023-2029

Global Benzene Market Growth 2023-2029

Benzene is one of the natural components of crude oil. It is a highly flammable colorless liquid with a sweet odor. Benzene is primarily used as an intermediate to make chemicals such as styrene, ethylbenzene, cumene, cyclohexane, and nitrobenzene. More than 50% of the entire benzene produced is processed into styrene, which is used to make plastics and polymers. A small amount of benzene is used to make rubbers, detergents, explosives, lubricants, dyes, drugs, and pesticides.

LPI (LP Information)' newest research report, the “Benzene Industry Forecast” looks at past sales and reviews total world Benzene sales in 2022, providing a comprehensive analysis by region and market sector of projected Benzene sales for 2023 through 2029. With Benzene sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Benzene industry.

This Insight Report provides a comprehensive analysis of the global Benzene landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Benzene portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Benzene market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Benzene and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Benzene.

The global Benzene market size is projected to grow from US$ 85760 million in 2022 to US$ 109310 million in 2029; it is expected to grow at a CAGR of 109310 from 2023 to 2029.

Currently, the Asia-Pacific is the largest consumer of benzene and all of its downstream derivatives, which consumed more than 47.0% of the total consumption in 2017. Among all the countries, China dominates the benzene market, which consumed the maximum volume of benzene in 2017. The market volume consumption is these products comparatively low in the ROW region, but is expected show the highest CAGR from 2018 to 2023, followed by the Asia-Pacific.

This report presents a comprehensive overview, market shares, and growth opportunities of Benzene market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Ethylbenzene
Cumene
Cyclohexane
Nitrobenzene
Alkylbenzene

Segmentation by application
Plastics
Polymers
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
ExxonMobil
Reliance Industries Limited
Shell
The Dow Chemical Company
China National Petroleum Corporation (CNPC)
GS Caltex
Haldia Petrochemicals
Indian Oil Corporation
NAFTPRO Petroleum Products
Phillips 66
PTT Global Chemical
RÜTGERS
Saudi Arabian Oil

Key Questions Addressed in this Report

What is the 10-year outlook for the global Benzene market?

What factors are driving Benzene market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Benzene market opportunities vary by end market size?

How does Benzene break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.