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.
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.
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. 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.
This report researches the worldwide Benzene market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Benzene breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
This report focuses on the top manufacturers' Benzene capacity, production, value, price and market share of Benzene in global market. The following manufacturers are covered in this report:
Reliance Industries Limited
The Dow Chemical Company
China National Petroleum Corporation (CNPC)
Indian Oil Corporation
NAFTPRO Petroleum Products
PTT Global Chemical
Saudi Arabian Oil
Benzene Breakdown Data by Type
Benzene Breakdown Data by Application
Benzene Production Breakdown Data by Region
Benzene Consumption Breakdown Data by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Benzene capacity, production, value, consumption, status and forecast;
To focus on the key Benzene manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Benzene :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.