The global Benzene market was valued at 8057.29 Million USD in 2021 and will grow with a CAGR of 3.28% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.

By Market Verdors:

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

By Types:

Ethylbenzene

Cumene

Cyclohexane

Nitrobenzene

Alkylbenzene

By Applications:

Plastics

Polymers

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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