Benzene market is a colourless, highly flammable, sweet smelling aromatic hydrocarbon and a ware petrochemical industrial solvent. It has a tendency to evaporate rapidly on being exposed to air and is a petrochemical product which has numerous subsidiaries such as alkyl benzene, aniline, cumene, cyclohexane, chlorobenzene, ethyl benzene, nitrobenzene, phenol and others. Benzene is used in various sectors such as electrical & electronics, consumer products, transportation, constructions, and medical. Benzene is also used as a solvent in large range of commercial and economical industries.
Global benzene market is expected to rise to an estimated value of USD 111.1 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for polyester and low cost of the feedstock are the factors driving the benzene market.
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Market Drivers and Restraints:
Growing demand for styrene polymers from various end-user industries is boosting the market growth
Increasing demand for polyester is flourishing the market growth
Rising crude oil production enhances the market growth
Low cost of the feedstock and economical commodity product prices drives the market growth
Detrimental effects of benzene exposure act as a restraint for the market growth
Volatility in the price of crude oil is hindering the market growth
The major players covered in the Benzene Market
The major competitors currently working in the global benzene market are China National Petroleum Corporation, Haldia Petrochemicals Limited, PTT Global Chemical Public Company Limited, Indian Oil Corporation Ltd, NAFTPRO Petroleum Products, GS Caltex Corporation, Dow, Reliance Industries Limited, DuPont de Nemours, Inc., SABIC, Royal Dutch Shell Plc .com, Repsol, Arsol Aromatics GmbH & Co. KG, BASF SE, ExxonMobil Corporation
MAJOR TOC OF THE REPORT
Chapter One: Benzene Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Benzene Market Competition, by Players
Chapter Four: Global Benzene Market Size by Regions
Chapter Five: North America Benzene Market Revenue by Countries
Chapter Six: Europe Benzene Market Revenue by Countries
Chapter Seven: Asia-Pacific Benzene Market Revenue by Countries
Chapter Eight: South America Benzene Market Revenue by Countries
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Benzene Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Benzene Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Benzene Market
A roadmap of growth opportunities available in the global Benzene Market with the identification of key factors
The exhaustive analysis of various trends of the global Benzene Market to help identify market developments
Key Questions Answered in Report:
What is the key to the Benzene Market?
What will the Benzene Market Demand and what will be Growth?
What are the latest opportunities for Benzene Market in the future?
What are the strengths of the key players?
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