Benzene and its derivatives market will reach an estimated volume of 55.6 million tons in 2019 to 82.77 million tons by 2027 while registering this growth at a rate of 5% for the forecast period of 2021 to 2027.
Benzene is an organic compound with the chemical formula C6H6. A benzene molecule consists of 6 carbon atoms linked in a ring shape to which one hydrogen atom is attached. Benzene is classified as a hydrocarbon because it contains only carbon and hydrogen atoms. Growing downstream investments in many countries is accelerating the growth of the global benzene and derivatives market during the forecast period. More than half of all benzene production is processed into ethylbenzene, a precursor to styrene. Styrene is used to make polymers and plastics such as polystyrene and EPS, and the increasing use of plastics is driving the global benzene and derivatives market.
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Market Segments
By Derivative: Ethybenzene and Styrene,Cumene, Phenol and Acetone, Cyclohexane, Alkyl Benzene, Nitrobenzene and Aniline, Chlorobenzene, Maleic Anhydride and others.
By Processing Methods: Alkylation, Hydrogenation, Nitration, Oxidation, Chlorination, and others.
By Raw Material: Naphtha, Toluene, Ethylene, Bio-mass, and others.
By Production Methods: Cracking Crude Oil, Catalytic reforming of Naphtha, Dealkylation of Toluene, Recovery from Ethylene plant Pyrolysis Gasoline (PG), Coke oven, Selective Toluene Disproportionation, and others.
Key Players
Key players in the benzene and its derivatives market include ExxonMobil Corporation, JX Holdings, CNPC, Total S.A., Saudi Basic Industries Corporation, Royal Dutch Shell plc. Dow Chemical Company, and BASF SE among others.
Scope of the Report
The research study analyzes the global Benzene Derivatives industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Benzene Derivatives Market Report
1. What was the Benzene Derivatives Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Benzene Derivatives Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Benzene Derivatives Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Benzene Derivatives market.
- The market share of the global Benzene Derivatives market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Benzene Derivatives market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Benzene Derivatives market.
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