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Benzene Market, Size, Share, Outlook and Growth Opportunities 2019-2025

  • ID:OGA1809MVC1647
  • Published: December-2018
  • Pages:110
  • OG Analysis
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Global Benzene Market, Size, Share, Outlook and Growth Opportunities to 2025: By Application (Ethyl benzene, Cumene, Cyclohexane, and others), By Production feed stock (Pyrolysis gasoline, Reformate benzene, C7-C9 Conversions, Coke Oven Gas, and Others) and By Region

Key Highlights

  • Benzene Market size is estimated to grow at a CAGR of 5.07% through 2025 with a market value of $ 42 billion during 2019.
  • Ethyl benzene is the largest segment in Benzene applications, accounting for 58.7% of total market value.
  • Asia-Pacific accounted for 54.1% of global benzene market value.
  • Growing number of applications of styrene in general-purpose polystyrene, EPS, and ABS have contributed to the positive trend that is expected to continue.

Benzene is an organic chemical with six carbon and six hydrogen atoms. Increasing demand for benzene as solvents in manufacturing chemicals and plastic products is likely to boost the global market growth. Benzene is also used as a gasoline additive for increasing anti-knocking ability.

Ethyl benzene holds the leading position of the global Benzene market in 2017, accounting for 48.9% in total market value with a production of 23 MT in 2017. Cumene is anticipated to be the fastest growing type for the Benzene market by 2025.

As Ethyl benzene is an intermediary product with no major direct used in end-user industries, its demand is largely driven by styrene production trends. Around 1.08 tonnes of Ethyl benzene feedstock is required for producing 1 tonne of styrene.

Pyrolisis gasoline process is the most dominant process of producing Benzene, with a global market share of 37%. The pyrolisis gasoline based benzene market value is estimated at $14.1 billion during 2017. Further, over the forecast period, we expect the market value to increase at 5.8% CAGR to $21 billion.

Asia-Pacific accounted for 54.1% of global benzene market value. The region reported annual sales of $20534 million during 2017. Further, over the forecast period, we expect the region to report a CAGR of 6.5% between 2018 and 2025.

This region is leading due to the expanding oil & gas, polymer, and construction industries. China is the leading producer and consumer of benzene in the region and is likely to grow at a robust pace over the forecast period.

Benzene supply has been traditionally dependent on gasoline production from petroleum refineries, naphtha steam cracking in chemical plants and coke oven light oil in coal plants.

Global Benzene Market Insights

The 2019 series of global market size, share, outlook, trends and growth prospects is a comprehensive analysis on global Benzene market conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of Benzene market, detailed porter’s five forces analysis and competitive insights are included in the research report.

Global Benzene Market Size by Application

The report presents in-depth insights into each of the leading Benzene applications along with annual forecasts to 2025. Applications that are studied in the report include Ethyl benzene, Cumene, Cyclohexane, and others. Ethyl benzene occupies major share in the global industry.

Global Benzene Market forecasts by Production Feed Stock

The report provides detailed Benzene market forecasts by various technologies including Pyrolysis gasoline, Reformate benzene, C7-C9 Conversions, Coke Oven Gas, and Others.  Among these, Pyrolysis gasoline occupies major share in the global industry.

Global Benzene Market Revenue by Region

The current Benzene market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2025 are also included in the research report. Globally, Asia Pacific is the major revenue contributor to the global market.

Global Benzene Market Analysis by Company

Top 5 leading companies in global Benzene market are analyzed in the report along with their business overview, operations, geographical locations, financial analysis, SWOT profile and Benzene products & services.

Global Benzene Market News and Recent Developments

Latest news and industry developments in terms of Benzene capacity expansions, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.

Scope:

Long term perspective on the Benzene industry: 2018 (base year), 2019- 2025 (forecast period)

Benzene Market- Forecasts by Segments- Applications and Production Feed Stock by geography.

  1. The report provides the global Benzene market outlook by 4 types of applications including Ethyl benzene, Cumene, Cyclohexane, and others.
  2. The research report classifies the global Benzene market into 5 production feed stock types including Pyrolysis gasoline, Reformate benzene, C7-C9 Conversions, Coke Oven Gas, and Others.
  3. The report analyses the global Benzene market across countries in 5 regions including Asia-Pacific, Europe, North America, South & Central America and Middle East & Africa.

Benzene Market- Strategic Analysis Review

  1. Key strategies opted by leading players
  2. Short to Long Term Industry Trends
  3. Porter’s Five Forces Analysis
  4. Supply side and Demand Side Drivers and Challenges

Benzene Market- Growth Opportunities

  1. Potential New Business Opportunities
  2. Key Areas of Focus in forecast period

Benzene Market- Competitive Scenario

  1. 5 companies are analysed in the report including B.A.S.F., BP Plc., CNPC, ExxonMobil Chemical, Shell Chemicals
  2. Company Peer-to-Peer Comparison
  3. Company Profile and SWOT Analysis
  4. Financial Analysis

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Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Introduction to Global Benzene Market
2.1 Global Benzene Market Snapshot, 2018
2.2 Benzene Industry Overview
2.3 Research Perspective
3. Global Benzene Market- Strategic Analysis
3.1 Short Term and Long Term Industry Trends Affecting Global Benzene Market
3.2 Leading Benzene Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Benzene
3.4 Potential Markets Vital for business Expansion
3.5 Five Forces Analysis
3.6 Drivers and Restraints
4. Global Benzene Market Outlook and Growth Opportunities by Application
4.1 Benzene Demand in Ethyl benzene Application, Market Outlook, 2019- 2025
4.2 Benzene Demand in Cumene Application, Market Outlook, 2019- 2025
4.3 Benzene Demand in Cyclohexane Application, Market Outlook, 2019- 2025
4.4 Benzene Demand in others Application, Market Outlook, 2019- 2025
5. Global Benzene Market Outlook and Growth Opportunities by Production Feed Stock
5.1 DC Surface Suction Market Outlook, 2019- 2025
5.2 AC Submersible Market Outlook, 2019- 2025
5.3 DC Submersible Market Outlook, 2019- 2025
5.4 AC Floating Market Outlook, 2019- 2025
6. Asia Pacific Benzene Market Outlook and Growth Opportunities
6.1 Key Findings, 2018
6.2 Asia Pacific Benzene Market Outlook by Application, 2019- 2025
6.3 Asia Pacific Benzene Market Outlook by Production Feed Stock, 2019- 2025
6.4 Asia Pacific Benzene Market Outlook by Country, 2019- 2025
7. Europe Benzene Market Outlook and Growth Opportunities
7.1 Key Findings, 2018
7.2 Europe Benzene Market Outlook by Application, 2019- 2025
7.3 Europe Benzene Market Outlook by Production Feed Stock, 2019- 2025
7.4 Europe Benzene Market Outlook by Country, 2019- 2025
8. North America Benzene Market Outlook and Growth Opportunities
8.1 Key Findings, 2018
8.2 North America Benzene Market Outlook by Application, 2019- 2025
8.3 North America Benzene Market Outlook by Production Feed Stock, 2019- 2025
8.4 North America Benzene Market Outlook by Country, 2019- 2025
9. South & Central America Benzene Market Outlook and Growth Opportunities
9.1 Key Findings, 2018
9.2 South & Central America Benzene Market Outlook by Application, 2019- 2025
9.3 South & Central America Benzene Market Outlook by Production Feed Stock, 2019- 2025
9.4 South & Central America Benzene Market Outlook by Country, 2019- 2025
10. Middle East & Africa Benzene Market Outlook and Growth Opportunities
10.1 Key Findings, 2018
10.2 Middle East & Africa Benzene Market Outlook by Application, 2019- 2025
10.3 Middle East & Africa Benzene Market Outlook by Production Feed Stock, 2019- 2025
10.4 Middle East & Africa Benzene Market Outlook by Country, 2019- 2025
11. Competitive Landscape
11.1 Leading Players (Company Profile, SWOT Analysis, Benzene Products, Financial Analysis)
11.1.1 B.A.S.F.
11.1.2 BP Plc.
11.1.3 CNPC
11.1.4 ExxonMobil Chemical
11.1.5 Shell Chemicals
11.2 Company Benchmarking
11.3 Financial Analysis
12. Recent News and Deals Landscape
12.1 Mergers and Acquisitions
12.2 New Product Launches
12.3 Asset Transactions
12.4 Financial Announcements
13. Appendix
13.1 OG Analysis Expertise
13.2 Sources and Research Methodology
13.3 Contact Information



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