Key factor driving the market studied are increasing demand for styrene polymers from various end-user industries such as textile, packaging, building & construction, etc. 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. Japan Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 10.1. Asia-Pacific Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 7.2. The global benzene market is forecast to reach $ 115.42 billion by 2027, according to a new report by Reports and Data. Global Benzene Scope and Market Size Benzene market is segmented by Type, and by Application. 3) By Application: Plastics, Resins, Synthetic Fibers, Rubber Lubricants, 3.1. | SKU CODE : The Global Benzene Market will grow by $ 6.10 bn during 2020-2024 The global benzene derivative market is segmented on the basis of type, application, and geography. The global Linear Alkyl Benzene market is highly fragmented. The increase in such technological advances to reduce the emissions will gain traction contributing to the growth of the market. These regulations have increased the operating costs of companies in this industry, thus restricting the growth of the market. The growth of these end-user industries, especially in emerging markets, like China, India is propelling the growth of styrene, which in turn is responsible for growth in usage of Benzene, as it is one of the key raw materials for styrene production. Alexandria National Refining and Petrochemicals Company (ANRPC), 26. Market Definition: Global Benzene Market To understand key trends, Download Sample Report. Usage of plastics like styrene can reduce the weight of vehicles, thereby improving fuel economy. Benzene is an aromatic hydrocarbon that is extracted from crude oil through refinery processes. Click here.  Humans, when exposed to benzene in air for a certain amount of time lose their life. Benzene demand is anticipated to grow at a healthy CAGR of 2.9% during the forecast period. Global Benzene Alkylation Catalyst Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) The Benzene Alkylation Catalyst market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. 2) By Derivative: Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Other Derivatives The usage of styrene has also benefited manufacturers by reducing vehicle assembly time and costs. 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. The technologies developed are expected to help curb the environmental issues. 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. $ 4000.00 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. The global Benzene market is highly competitive in nature in tandem with the high degree of integration across the value chain. The report will be delivered in 2-3 business days. Benzene is … The market is segmented by Derivative (Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, and Other Derivatives) and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). Growing consumption of Benzene derivatives in the automotive industry for manufacturing synthetic rubber has increased Benzene demand in the global market and demand is anticipated to increase further due to robust growth in the automotive market. Global Market for Benzene - Demand is Anticipated to Grow at a Healthy CAGR of 2.9% to 2030 - ResearchAndMarkets.com May 21, 2020 05:49 AM Eastern Daylight Time The global benzene market has been studied across five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Indonesia Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 12.1. The major players in the global Linear Alkyl Benzene market are Sasol Limited, CEPSA Quimica S.A., Huntsman Corporation, Ho Tung Chemical Corp., Reliance Industries Limited, among others. Amid the COVID-19 crisis, the global market for Benzene estimated at 48. Currently, Asia-Pacific is leader in the consumption of benzene. UK Benzene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 15.1. There is an increased demand of styrene-based polymers and copolymers in the automotive industry due to its light weight nature. 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. Global Benzene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 6.1. benzene is a natural constituent of crude oil and is also one of the elementary petrochemicals. The benzene market is consolidated, and the key players include BASF SE, Chevron Phillips Chemical Company, Exxon Mobil Corporation, LG Chem, Royal Dutch Shell PLC, etc. © 2020. 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. 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. 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. Co., Angarsk Petrochemical, Alexandria National Refining and Petrochemicals Company (ANRPC), Arsol Aromatics GmbH & Co. KG , Atyrau Oil & Gas, Azerkhimija, BASF SE, Borealis AG , Bp Plc and Braskem. The major players in the global benzene market are Ameriya Oil Ref. The global benzene market is expected to witness a CAGR of approximately 4.3% during the forecasted period, majorly driven by growing usage of synthetic polymers, such as polyester and polystyrene in the end-user industries, such as textile, packaging, building & construction, and electrical & electronics. And increase efficiency of SABIC’s operations and obligations to Petrokemya and increase efficiency of operations. Fuel economy to Petrokemya and increase efficiency of SABIC’s operations fuels and as an opportunity in the Middle and... 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