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The Global Benzene Market

  • ID: 4665204
  • Report
  • September 2020
  • Region: Global
  • 200 pages
  • Williams & Marshall Strategy

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FEATURED COMPANIES

  • Ameriya Oil Ref. Co.
  • Basf
  • Deza
  • El Nasr Petr. Co.
  • Rutgers Chemicals
  • Sonatrach
  • MORE
This report presents a strategic analysis of the global benzene market and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc. This is the most detailed and comprehensive report about the global benzene market currently available, covering all global regions and 133 single countries!

The purpose of the report is to describe the state of the global benzene market, to present actual and retrospective information about the volumes, dynamics, structure and characteristics of production, imports, exports and consumption and to build a forecast for the market in the next five years. In addition, the report presents an elaborate analysis of the main market participants, price fluctuations, growth and demand drivers of the market and all other factors, influencing its development. It also focuses on the overall installed production capacities in each global region along with the main producers on the market, the technologies each of them uses and the average utilization rates.

This research report has been prepared using a unique methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews.

The report on the global benzene market covers the following regions and countries:
  • Africa (Algeria, Angola, Botswana, Cameroon, Congo (Democratic Republic), Congo Republic, Egypt, Ethiopia, Equatorial Guinea, Ghana, Ivory Coast, Kenya, Libya, Madagascar, Malawi, Mauritius, Morocco, Mozambique, Namibia, Nigeria, Senegal, South Africa, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe);
  • Asia and Pacific (Australia, Bangladesh, Cambodia, India, Indonesia, Malaysia, Myanmar (Burma), Nepal, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Thailand, Vietnam);
  • CIS Countries (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russian Federation, Turkmenistan, Ukraine, Uzbekistan);
  • Europe (Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Montenegro, Norway, The Netherlands, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, The United Kingdom, Turkey);
  • Middle East (Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, Yemen);
  • North America (Canada, Mexico, The USA);
  • North East Asia (China, Hong Kong, Japan, North Korea, South Korea, Taiwan);
  • South and Central America (Argentina, Bahamas, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Jamaica, Nicaragua, Panama, Paraguay, Peru, Trinidad, Uruguay, Venezuela).
The report on the global benzene market includes:
  • Analysis and forecast for the global economy and demographics;
  • Analysis and forecast for development of the market volume (market size) and dynamics;
  • Market breakdown (by region, by country, by product groups, etc.);
  • Volume and dynamics of all installed capacities for the production of benzene globally and forecast for their development in the medium term;
  • Breakdown of all installed capacities for the production of benzene globally by their owner and operator companies and countries/regions;
  • Main technologies used for producing benzene globally in the main plants of the main market players;
  • Average annual utilization rates for the production of benzene globally, broken down by regions and forecast for their development in the medium term;
  • Regional and country information - breakdown by regions and countries for all major indicators, showing the exact volumes for each individual region and country, covered in the report;
  • Volume, dynamics and analysis of production (past, current and future);
  • Analysis of price levels (wholesale, retail, distributors, etc.) and their dynamics (past, current and future);
  • Breakdowns of prices by main regions;
  • Volume, dynamics and analysis of imports (past, current and future);
  • Volume, dynamics and analysis of exports (past, current and future);
  • Volume, dynamics and analysis of consumption (past, current and future);
  • Characteristics of the main market participants (manufacturers, distributors, wholesalers, retailers, importers, exporters, Governmental structures, etc.) and the competitive landscape;
  • Profiles of the main companies, producing benzene globally along with their overall production capacities;
  • Value chain analysis and structure of price formation;
  • Analysis of the factors, influencing the market development (market growth drivers, restraints, recent state programs, etc.);
  • Analysis and forecast of the trends and levels of supply and demand on the market;
  • Analysis of the major trade flows;
  • Forecast for market development in the medium term.
This report will allow you to:
  • Quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market;
  • Get a complete overview of the market volume in each global region and 133 countries;
  • Track market data, including size, segmentation, forecasts, dynamics and structure – past, present and future;
  • See the exact usage of benzene globally by main applications/product groups in the last five years and a forecast for its development in the medium term;
  • Evaluate the overall installed capacities used for the production of benzene globally (broken down by main regions), their utilization rates in the last five years and a forecast for their development in the medium term;
  • Strategically assess the competitive position of the main global producers, along with their overall installed capacities and production techniques;
  • Get and compare information at both aggregate level (for the whole region) and for each individual region, covered in the report;
  • Explore and identify new market opportunities in the countries and regions within the market;
  • Track and identify key market trends, opportunities and threats and key drivers behind recent market changes;
  • Strategically assess market growth potential, demand drivers and restraints on the market;
  • Evaluate the key macroeconomic indicators to get insight into the general trends within the economy;
  • See how the market performed in the past (over the last 5 years) and how it will perform in the future (in the next 5 years);
  • Get acquainted with the leading companies on the market and see all global companies, engaged in benzene production at the moment along with their exact installed capacities;
  • Evaluate how diversified the market is in terms of competitive intensity, fragmentation and environment and understand competitive threats;
  • Empower your marketing, branding, strategy and market development, consumption and supply functions with useful market insights;
  • Build your investment strategy by assessing market attractiveness or company attractiveness;
  • Build your own market entry or market expansion strategy or evaluate your current strategy;
  • Add value to pitches and presentations by using official and accurate data and calculations.
This is the most detailed and comprehensive report about the global benzene market currently available, covering all global regions and 133 single countries! We also offer similar reports, covering every global country and region separately and offer special terms for bundle purchases. So, if you are interested in the global benzene market, this research report will provide you with a strategic analysis of the market, its recent and future development. In addition, the report will save you time and money while presenting you all the necessary information, empowering you to make informed decisions and move your business forward!


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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ameriya Oil Ref. Co.
  • Basf
  • Deza
  • El Nasr Petr. Co.
  • Rutgers Chemicals
  • Sonatrach
  • MORE
1. Introduction
1.1. Report description
1.2. Research methodology

2. Executive summary

3. Characteristics of benzene

4. State of the global demographics and economy
4.1. Characteristics of the global demographics in 2014-2018
4.2. Characteristics of the global economy in 2014-2018
4.3. Forecast for the development of the global economy in the medium term

5. Overview and analysis of the global benzene market
5.1. Volume and dynamics of the global benzene market in 2014-2018 and forecast for 2019-2024
5.2. Structure of the global benzene market by main regions in 2014-2018 and forecast for 2019-2024
5.3. Structure of the benzene market in Africa by countries in 2014-2018 and forecast for 2019-2024
5.4. Structure of the benzene market in Asia and Pacific by countries in 2014-2018 and forecast for 2019-2024
5.5. Structure of the benzene market in the CIS countries by countries in 2014-2018 and forecast for 2019-2024
5.6. Structure of the benzene market in Europe by countries in 2014-2018 and forecast for 2019-2024
5.7. Structure of the benzene market in the Middle East by countries in 2014-2018 and forecast for 2019-2024
5.8. Structure of the benzene market in North America by countries in 2014-2018 and forecast for 2019-2024
5.9. Structure of the benzene market in North East Asia by countries in 2014-2018 and forecast for 2019-2024
5.10. Structure of the benzene market in South and Central America by countries in 2014-2018 and forecast for 2019-2024
5.11. Structure of the global benzene market by application/main product groups in 2014-2018 and forecast for its development in 2019-2024
5.12. Key recent trends on the global benzene market
5.13. Key drivers and restraints for the market development in the medium term

6. Overview and analysis of the global production of benzene
6.1. Volume, distribution and dynamics of the installed capacities for the global production of benzene broken down by regions in 2014-2018 and forecast for their development in 2019-2024
6.2. Volume and dynamics of the average annual utilization rates used for the production of benzene globally, broken down by regions, in 2014-2018 and forecast for their development in 2019-2024
6.3. Volume and dynamics of the global production of benzene in 2014-2018 and forecast for 2019-2024
6.4. Structure of the global production of benzene in 2014-2018 by main regions and forecast for 2019-2024
6.5. Structure of the benzene production in Africa by countries in 2014-2018 and forecast for 2019-2024
6.6. Structure of the benzene production in Asia and Pacific by countries in 2014-2018 and forecast for 2019-2024
6.7. Structure of the benzene production in the CIS countries by countries in 2014-2018 and forecast for 2019-2024
6.8. Structure of the benzene production in Europe by countries in 2014-2018 and forecast for 2019-2024
6.9. Structure of the benzene production in the Middle East by countries in 2014-2018 and forecast for 2019-2024
6.10. Structure of the benzene production in North America by countries in 2014-2018 and forecast for 2019-2024
6.11. Structure of the benzene production in North East Asia by countries in 2014-2018 and forecast for 2019-2024
6.12. Structure of the benzene production in South and Central America by countries in 2014-2018 and forecast for 2019-2024
6.13. Characteristics of the main producers of benzene globally along with their exact installed capacities and used production techniques

7. Characteristics and analysis of the global prices of benzene
7.1. Value chain analysis
7.2. Structure of price formation
7.3. Characteristics of the global prices of benzene in 2014-2018 and forecast for 2019-2024
7.4. Characteristics of the regional prices of benzene in 2014-2018 and forecast for 2019-2024

8. Overview and analysis of the global imports of benzene
8.1. Volume, value and dynamics of the global imports of benzene in 2014-2018
8.2. Structure of the global imports of benzene by main regions in 2014-2018
8.3. Average prices of the benzene, imported globally in 2014-2018

9. Overview and analysis of the global exports of benzene
9.1. Volume, value and dynamics of the global exports of benzene in 2014-2018
9.2. Structure of the global exports of benzene by main regions in 2014-2018
9.3. Average prices of the global exports of benzene in 2014-2018

10. Balance between supply and demand on the global benzene market
10.1. Balance between supply and demand on the global benzene market in 2014-2018 and forecast for 2019-2024
10.2. Balance between supply and demand on the global benzene market by main regions in 2014-2018 and forecast for 2019-2024

About the Publisher

This report is 75% ready and is in completion stage. With each License, you will get an Excel sheet with all the quantitative information in up to 1 working day after your purchase, which will allow you to start working with the data immediately! The final version of the research report will be presented up to 3 working days after your order. The report will be updated as of the current month of purchase.

List of tables
Key indicators on the global benzene market in 2014-2018
Key indicators of the global demographics in 2014-2018
Key indicators of the global economy in 2014-2018
Forecast for the global economy in 2019-2021
Volume and dynamics of the global benzene market in 2014-2018
Forecast for development of the global benzene market in 2019-2024, in volume terms
Structure of the global benzene market by main regions in 2014-2018, in volume terms
Forecast for development of the global benzene market by main regions in 2019-2024, in volume terms
Structure of the benzene market in Africa by main countries in 2014-2018, in volume terms
Forecast for development of the African benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in Asia and Pacific by main countries in 2014-2018, in volume terms
Forecast for development of the Asian and Pacific benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in the CIS countries by main countries in 2014-2018, in volume terms
Forecast for development of the CIS benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in Europe by main countries in 2014-2018, in volume terms
Forecast for development of the European benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in the Middle East by main countries in 2014-2018, in volume terms
Forecast for development of the Middle Eastern benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in North America by main countries in 2014-2018, in volume terms
Forecast for development of the North American benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in North East Asia by main countries in 2014-2018, in volume terms
Forecast for development of the North East Asian benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in South and Central America by main countries in 2014-2018, in volume terms
Forecast for development of the South and Central American benzene market by main countries in 2019-2024, in volume terms
Structure of the global benzene market by application/main product groups in 2014-2018, in volume terms
Forecast for the structure of the global benzene market by application/main product groups in 2019-2024, in volume terms
Volume and dynamics of the installed capacities for the global production of benzene in 2014-2018 by main regions
Volume and dynamics of the installed capacities for the global production of benzene in 2014-2018 by main companies
Forecast for the installed capacities for the global production of benzene by main regions in 2019-2024
Volume and dynamics of the average annual utilization rates used for the production of benzene globally by main regions in 2014-2018
Forecast for the average annual utilization rates used for the production of benzene globally by main regions in 2019-2024
Volume and dynamics of the global production of benzene in 2014-2018
Forecast for the global production of benzene in 2019-2024
Structure of the global production of benzene by main regions in 2014-2018, in volume terms
Forecast for the global production of benzene by main regions in 2019-2024, in volume terms
Structure of the production of benzene in Africa by main countries in 2014-2018, in volume terms
Forecast for the African production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in Asia and Pacific by main countries in 2014-2018, in volume terms
Forecast for the Asian and Pacific production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in the CIS countries by main countries in 2014-2018, in volume terms
Forecast for the CIS production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in Europe by main countries in 2014-2018, in volume terms
Forecast for the European production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in the Middle East by main countries in 2014-2018, in volume terms
Forecast for the Middle Eastern production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in North America by main countries in 2014-2018, in volume terms
Forecast for the North American production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in North East Asia by main countries in 2014-2018, in volume terms
Forecast for the North East Asian production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in South and Central America by main countries in 2014-2018, in volume terms
Forecast for the South and Central American production of benzene by main countries in 2019-2024, in volume terms
Value chain analysis of the global benzene market
Cost breakdown of the price formation of benzene globally, in %
Average prices of benzene globally in 2014-2018
Volume and dynamics of the average prices of benzene globally by main regions in 2014-2018
Forecast for development of the average prices of benzene globally by main regions in 2019-2024
Volume and dynamics of the global imports of benzene in 2014-2018
Value and dynamics of the global imports of benzene in 2014-2018
Structure of the global imports of benzene by importing regions in 2014-2018, in volume terms
Structure of the global imports of benzene by importing regions in 2014-2018, in value terms
Average prices of the benzene, imported globally in 2014-2018
Average prices of the benzene, imported globally in 2014-2018 by importing regions
Volume and dynamics of the global exports of benzene in 2014-2018
Value and dynamics of the global exports of benzene in 2014-2018
Structure of the global exports of benzene by exporting regions in 2014-2018, in volume terms
Structure of the global exports of benzene by exporting regions in 2014-2018, in value terms
Average prices of the global exports of benzene in 2014-2018
Average prices of the global exports of benzene in 2014-2018 by exporting regions
Balance between supply and demand on the global benzene market in 2014-2018, in volume terms
Forecast for the balance between supply and demand on the global benzene market in 2019-2024, in volume terms
Balance between domestic supply and domestic demand on the global benzene market by main regions in 2014-2018, in volume terms
Forecast for the balance between supply and demand on the global benzene market by main regions in 2019-2024, in volume terms



List of figures

Key indicators on the global benzene market in 2014-2018
Volume and dynamics of the global benzene market in 2014-2018
Forecast for development of the global benzene market in 2019-2024, in volume terms
Structure of the global benzene market by main regions in 2014-2018, in volume terms
Forecast for development of the global benzene market by main regions in 2019-2024, in volume terms
Structure of the benzene market in Africa by main countries in 2014-2018, in volume terms
Forecast for development of the African benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in Asia and Pacific by main countries in 2014-2018, in volume terms
Forecast for development of the Asian and Pacific benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in the CIS countries by main countries in 2014-2018, in volume terms
Forecast for development of the CIS benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in Europe by main countries in 2014-2018, in volume terms
Forecast for development of the European benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in the Middle East by main countries in 2014-2018, in volume terms
Forecast for development of the Middle Eastern benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in North America by main countries in 2014-2018, in volume terms
Forecast for development of the North American benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in North East Asia by main countries in 2014-2018, in volume terms
Forecast for development of the North East Asian benzene market by main countries in 2019-2024, in volume terms
Structure of the benzene market in South and Central America by main countries in 2014-2018, in volume terms
Forecast for development of the South and Central American benzene market by main countries in 2019-2024, in volume terms
Structure of the global benzene market by application/main product groups in 2014-2018, in volume terms
Forecast for the structure of the global benzene market by application/main product groups in 2019-2024, in volume terms
Volume and dynamics of the installed capacities for the global production of benzene in 2014-2018 by main regions
Volume and dynamics of the installed capacities for the global production of benzene in 2014-2018 by main companies
Forecast for the installed capacities for the global production of benzene by main regions in 2019-2024
Volume and dynamics of the average annual utilization rates used for the production of benzene globally by main regions in 2014-2018
Forecast for the average annual utilization rates used for the production of benzene globally by main regions in 2019-2024
Volume and dynamics of the global production of benzene in 2014-2018
Forecast for the global production of benzene in 2019-2024
Structure of the global production of benzene by main regions in 2014-2018, in volume terms
Forecast for the global production of benzene by main regions in 2019-2024, in volume terms
Structure of the production of benzene in Africa by main countries in 2014-2018, in volume terms
Forecast for the African production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in Asia and Pacific by main countries in 2014-2018, in volume terms
Forecast for the Asian and Pacific production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in the CIS countries by main countries in 2014-2018, in volume terms
Forecast for the CIS production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in Europe by main countries in 2014-2018, in volume terms
Forecast for the European production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in the Middle East by main countries in 2014-2018, in volume terms
Forecast for the Middle Eastern production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in North America by main countries in 2014-2018, in volume terms
Forecast for the North American production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in North East Asia by main countries in 2014-2018, in volume terms
Forecast for the North East Asian production of benzene by main countries in 2019-2024, in volume terms
Structure of the production of benzene in South and Central America by main countries in 2014-2018, in volume terms
Forecast for the South and Central American production of benzene by main countries in 2019-2024, in volume terms
Value chain analysis of the global benzene market
Cost breakdown of the price formation of benzene globally, in %
Average prices of benzene globally in 2014-2018
Volume and dynamics of the average prices of benzene globally by main regions in 2014-2018
Forecast for development of the average prices of benzene globally by main regions in 2019-2024
Volume and dynamics of the global imports of benzene in 2014-2018
Value and dynamics of the global imports of benzene in 2014-2018
Structure of the global imports of benzene by importing regions in 2014-2018, in volume terms
Structure of the global imports of benzene by importing regions in 2014-2018, in value terms
Average prices of the benzene, imported globally in 2014-2018
Average prices of the benzene, imported globally in 2014-2018 by importing regions
Volume and dynamics of the global exports of benzene in 2014-2018
Value and dynamics of the global exports of benzene in 2014-2018
Structure of the global exports of benzene by exporting regions in 2014-2018, in volume terms
Structure of the global exports of benzene by exporting regions in 2014-2018, in value terms
Average prices of the global exports of benzene in 2014-2018
Average prices of the global exports of benzene in 2014-2018 by exporting regions
Balance between supply and demand on the global benzene market in 2014-2018, in volume terms
Forecast for the balance between supply and demand on the global benzene market in 2019-2024, in volume terms
Balance between domestic supply and domestic demand on the benzene market in Africa in 2014-2018, in volume terms
Forecast for the balance between domestic supply and domestic demand on the African benzene market in 2019-2024, in volume terms
Balance between domestic supply and domestic demand on the benzene market in Asia and Pacific in 2014-2018, in volume terms
Forecast for the balance between domestic supply and domestic demand on the Asian and Pacific benzene market in 2019-2024, in volume terms
Balance between domestic supply and domestic demand on the benzene market in the CIS countries in 2014-2018, in volume terms
Forecast for the balance between domestic supply and domestic demand on the CIS benzene market in 2019-2024, in volume terms
Balance between domestic supply and domestic demand on the benzene market in Europe in 2014-2018, in volume terms
Forecast for the balance between domestic supply and domestic demand on the European benzene market in 2019-2024, in volume terms
Balance between domestic supply and domestic demand on the benzene market in the Middle East in 2014-2018, in volume terms
Forecast for the balance between domestic supply and domestic demand on the Middle Eastern benzene market in 2019-2024, in volume terms
Balance between domestic supply and domestic demand on the benzene market in North America in 2014-2018, in volume terms
Forecast for the balance between domestic supply and domestic demand on the North American benzene market in 2019-2024, in volume terms
Balance between domestic supply and domestic demand on the benzene market in North East Asia in 2014-2018, in volume terms
Forecast for the balance between domestic supply and domestic demand on the North East Asian benzene market in 2019-2024, in volume terms
Balance between domestic supply and domestic demand on the benzene market in South and Central America in 2014-2018, in volume terms
Forecast for the balance between domestic supply and domestic demand on the South and Central American benzene market in 2019-2024, in volume terms
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ameriya Oil Ref. Co.
  • Basf
  • Deza
  • El Nasr Petr. Co.
  • Rutgers Chemicals
  • Sonatrach
  • MORE
According to a recently conducted research about the global benzene market, as an overall, it is projected to reach approximately 56,304 thousand tons by the end of 2023, increasing at a CAGR of around 3% per year in the period 2017-2023. The report focuses on both product and regional breakdown, offering a larger perspective on the market dynamics. Due to the comprehensive diversity of benzene’s application such as solvent, a chemical intermediate, a constituent in motor fuels and others, the analysis considers the application of benzene across various industries. In particular, the largest share of benzene consumption is for the production of ethylbenzene, which accounted for around 51% of the total in volume terms. Meanwhile, the chemical’s application for maleic anhydride has been growing with the highest rate of about 5.54% per year. Regionally, the largest global benzene market was North East Asia, which accounted for about 40% of the total in volume terms. In comparison, Africa was the smallest global benzene market during the analyzed period and is expected to remain such in the medium term.

One of the leading trends is linked with the value chains increasingly move eastward, due to the economic growth and market opportunities in Asia. Due to the increased general consumption in Asia, the global demand for benzene and aromatics was mainly supported by markets such as China, which is a key driver for export material from rest of the world. In fact, China is the largest consumer and producer globally, with capacity dramatically increasing over the past few years. The increasing benzene demand was prompted by the downstream polyester value chain, as polyester fibers are in high demand in China. One of the strong trends observed on the North American benzene market is linked with the discovery of shale gas. Due to the shale gas boom, the North American aromatics market has been particularly impacted. Benzene, toluene, and xylenes (BTX) production and supply has been reduced, because of the steam crackers, particularly in the USA, which are increasingly using ethane rather than naphtha as feedstock. One of the distinct trends for the European petrochemical industry is the benefit from a prolonged golden age for naphtha crackers amid low oil prices. Petrochemical revenues have grown versus oil-based European cracker margins.

Another trend is connected with the fact that benzene is a petrochemical used as a fuel additive. Because of its high volatility, benzene acts as a good octane booster, which maintains the energy content of gasoline and is widely used in gasoline blends. In recent years, however, there has been a decrease in the demand for fossil fuels, especially in the developed countries. This was due to the development of new, more fuel-efficient vehicles, as well as the increased consumption of bio-based fuels such as ethanol. In addition, many of the larger oil companies switch their focus on chemicals, since they are now seen as a major driver of demand growth for use of crude oil, especially in mature regions such as Western Europe.

The analytical research projects that the global production of benzene is likely to reach around 56,274 thousand tons by the end of 2023, expanding at a CAGR of about 2-3% per year. In addition, some of the main players on the benzene market are planning to open up additional production capacities in different regions. As a matter of fact, Africa is anticipated to witness the fastest-paced capacity increase in the medium term. As far as the balance between supply and demand is concerned, the market is forecast to remain in a state of undersupply in most of the upcoming years.

The increasingly competitive landscape globally forces the chemical companies to focus on innovation and particularly on the development of Green Chemistry, which is becoming crucial for the overall future development of the companies. There are several fast dynamic research areas that can be identified such as nanotechnology, biotechnology, the development of biofuels as a supplement to oil supplies, as well as the expansion of water-based paints and the replacements for chlorofluorocarbons (CFCs). So in order to increase their profit, it is important for manufacturers within the chemical industry not only to cut their costs, but also to ensure that their processes and products conform with the pressing environmental issues.

The study also presents an additional analysis of drivers and restraints that affect the global market and influence the future investments within the industry. They are further analyzed in the report named The Global Benzene Market. The research methodology combines quantitative and qualitative analysis and covers the whole value chain of the analyzed markets. The analytical report also provides insights into the market share of the main players on the chemical’s market worldwide, its structure and recent developments. It includes information, which refers to the 2013-2023 research period.
Note: Product cover images may vary from those shown
  • Sonatrach
  • Ameriya Oil Ref. Co.
  • Anrpc
  • Echem
  • El Nasr Petr. Co.
  • Tahrir Petrochemicals
  • Kaduna Ref. And Petchem. Co.
  • Engen Petroleum
  • Sasol
  • Basf
  • Bp Chemicals
  • Rutgers Chemicals
  • Total Belgium
  • Total Olefins Antwerp
  • Deza
Note: Product cover images may vary from those shown

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