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Global Benzene Market (2021-2026) by Derivative, Application, Manufacturing Process, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 176 Pages
  • October 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5503410
UP TO OFF until Dec 31st 2023
The Global Benzene Market is estimated to be USD 75.3 Bn in 2021 and is expected to reach USD 97.02 Bn by 2026, growing at a CAGR of 5.2%.

Market Dynamics

Automotive, industrial units have a high demand for goods like nylon tires, injection-molded vehicle parts, foam seating, and coatings that are produced from benzene-derived mediates like nylon, styrene, and phenol resins. Furthermore, the need for medications like paracetamol, which utilizes benzene-derived mediates such as chlorobenzene, has increased in the present-day situation. This is expected to encourage market growth in the pharmaceutical industry. Moreover, the usage of packaging made up of polystyrene, an intermediate derived from benzene, has surged from food and e-commerce sectors, escalating the market growth.

However, adverse effects of long-term benzene exposure leading to cancer and aplastic anemia are anticipated to hinder the market growth.

Market Segmentation

The Global Benzene Market is segmented further based on Derivative, Application, Manufacturing Process, and Geography.

By Derivative, the market is classified as Alkylbenzene, Chlorobenzene, Cumene, Ethylbenzene, Aniline, Cyclohexane, and Others. Amongst all, the Ethylbenzene segment is estimated to hold the highest market share.

By Application, the market is classified as Synthetic Fibres, Resins, Plastics, Rubber Lubricants, and Others. Amongst all, the Resins segment is estimated to hold the highest market share.

By Manufacturing Process, the market is classified as Pyrolysis Steam Cracking of Naphtha, Catalytic Reforming of Naphtha, Biomass, and Others. Amongst all, the Catalytic Reforming of Naphtha segment is estimated to hold the highest market share.

By Geography, Asia Pacific is projected to lead the market.

Recent Developments

1. Sinopec Corporation had launched its first green hydrogen project, a zero-carbon fuel generated from renewable energy sources, in the Inner Mongolia region in 2022. - 25th May 2021
2. Borealis had launched the Bornewables, a new portfolio of circular polyolefin products. Produced with renewable feedstock derived entirely from waste and residue streams, these premium polyolefins offer the same material performance as virgin polyolefins, yet with a reduced carbon footprint. - 3rd Oct 2020

Company Profiles

Some of the companies covered in this report are BASF, LG Chem, Sinopec, Orpic, Qatar Petroleum, Borealis, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Benzene Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Benzene Market

What is the estimated value of the Global Benzene Market?

The Global Benzene Market was estimated to be valued at $75300 Million in 2021.

What is the growth rate of the Global Benzene Market?

The growth rate of the Global Benzene Market is 5.2%, with an estimated value of $97020 Million by 2026.

What is the forecasted size of the Global Benzene Market?

The Global Benzene Market is estimated to be worth $97020 Million by 2026.

Who are the key companies in the Global Benzene Market?

Key companies in the Global Benzene Market include Alexandria National Refining & Petrochemical Company, Ameriya Oil Ref., Angarsk Petrochemical, Arsol Aromatics, Atyrau Oil & Gas, Azerkhimija, BASF, Borealis, BP plc and Braskem.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Rising Demand for Benzene as Solvents in Chemicals Products
4.1.2 Wide Use of Ethylbenzene as an Anti–Knocking Agent
4.2 Restraints
4.2.1 Derivatives such as Chlorobenzene and Ethylbenzene Can Cause Harmful Effects
4.3 Opportunities
4.3.1 Growing End-User Industries
4.4 Challenges
4.4.1 Maturity of The Product
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Benzene Market, By Derivative
6.1 Introduction
6.2 Alkylbenzene
6.3 Chlorobenzene
6.4 Cumene
6.5 Ethylbenzene
6.6 Aniline
6.7 Cyclohexane
6.8 Others
7 Global Benzene Market, By Application
7.1 Introduction
7.2 Synthetic Fibres
7.3 Resins
7.4 Plastics
7.5 Rubber Lubricants
7.6 Others
8 Global Benzene Market, By Manufacturing Process
8.1 Introduction
8.2 Pyrolysis Steam Cracking of Naphtha
8.3 Catalytic Reforming of Naphtha
8.4 Biomass
8.5 Others
9 Global Benzene Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Chile
9.3.4 Colombia
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Italy
9.4.5 Spain
9.4.6 Netherlands
9.4.7 Sweden
9.4.8 Russia
9.4.9 Rest of Europe
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Indonesia
9.5.5 Malaysia
9.5.6 South Korea
9.5.7 Australia
9.5.8 Sri Lanka
9.5.9 Thailand
9.5.10 Rest of APAC
9.6 Middle-East and Africa
9.6.1 Qatar
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
10 Competitive Landscape
10.1 IGR Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 Alexandria National Refining & Petrochemical Company
11.2 Ameriya Oil Ref.
11.3 Angarsk Petrochemical
11.4 Arsol Aromatics
11.5 Atyrau Oil & Gas
11.6 Azerkhimija
11.7 BASF
11.8 Borealis
11.9 BP plc
11.10 Braskem
11.11 Chevron Philips Chemical Company
11.12 China National Petroleum Corporation
11.13 DEZA
11.14 DuPont
11.15 Egyptian Petrochemicals Industries Holding Company
11.16 Exxon Mobil
11.17 Gadiv Petrochemical Industries
11.18 Gazprom Neft
11.19 GS Caltex
11.20 JSC Mozyr
11.21 Kian Petrochemical Company
11.22 Kuwait Aromatics
11.23 LG Chem
11.24 LyondellBasell
11.25 Orpic
11.27 Qatar Petroleum
11.28 Repsol
11.29 Royal Dutch Shell
11.30 SABIC
11.31 Sinopec
12 Appendix
12.1 Questionnaire

Companies Mentioned

  • Alexandria National Refining & Petrochemical Company
  • Ameriya Oil Ref.
  • Angarsk Petrochemical
  • Arsol Aromatics
  • Atyrau Oil & Gas
  • Azerkhimija
  • BASF
  • Borealis
  • BP plc
  • Braskem
  • Chevron Philips Chemical Company
  • China National Petroleum Corporation
  • DEZA
  • DuPont
  • Egyptian Petrochemicals Industries Holding Company
  • Exxon Mobil
  • Gadiv Petrochemical Industries
  • Gazprom Neft
  • GS Caltex
  • JSC Mozyr
  • Kian Petrochemical Company
  • Kuwait Aromatics
  • LG Chem
  • LyondellBasell
  • Orpic
  • Qatar Petroleum
  • Repsol
  • Royal Dutch Shell
  • Sinopec