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Benzene and its Derivatives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Dec 01, 2024
Length 200 Pages
SKU # FOB19410750

Description

Benzene and its Derivatives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Benzene and its Derivatives Market

The benzene and its derivatives market size was valued at USD 25.4 billion in 2020, and the market is now projected to grow from USD 34.6 billion in 2021 to USD 53.5 billion in 2028, exhibiting a CAGR of 6.4% during the forecast period of 2021-2028.

The constraints imposed to avert the virus had affected the production and declined capacity of utilization of the product. The operations of various end-used sectors are disruptively stopped. The disrupted supply chain has resulted in demand shift and consequently weakened the market. Hence, the COVID-19 pandemic has created barriers for the benzene and its derivatives market growth.

The benzene and its derivatives market share globally have amplified on account of the growing demand for styrene polymers from various fields. The maximum styrene formed is used to manufacture polystyrene. It is a polymerized edition of styrolene which is in foam, solid, and film forms. Polystyrene is broadly used in the wrapping commerce as a result of its flexibility, outstanding resilience, light in weight, and moisture resistance.

The trend is the integration of a greener and cheaper vinylbenzene production method is boosting market growth. The researchers from North Carolina State University have made a novel catalyst which notably enhances yield in styrene manufacturing. They are concurrently reducing energy consumption and Greenhouse Gas (GHG) emissions. This can significantly lessen the process's carbon footprint because the same conversion can be achieved with less fuel. The new process addresses growing environmental concerns.

Comprehensive Analysis of Benzene and its Derivatives Market

This market expansion effectively provides a thorough regional evaluation considering the dominant supply and demand forces that impact the chemicals & advanced materials industry. The benzene and its derivatives market and chemicals and advanced materials industry is increasing at an exponential rate because of its market segmentation. These segmentations are methodically segregated by derivative and application. The applications involve pharmaceuticals, oil & gas, industrial chemicals, rubber & plastics, and others; whereas derivative comprises cumene, cyclohexane, ethylbenzene, alkylbenzene, and others.

The Asia Pacific region is conducive to the global benzene and its derivatives market, leading to a recall of USD 8.9 billion due to utilization of product in a range of purposes in several commences and rising requirement from the clients in developing countries are enhancing the market growth.

The top players in the market play a vital role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market values. These players include Maruzen Petrochemical Co., Ltd. (Tokyo, Japan), Chevron Phillips Chemical CompanyLLC. (Texas, U.S.), China National Petroleum Corp. (Beijing, China), SABIC (Riyadh, Saudi Arabia), Exxon Mobil Corporation (Texas, U.S.), Reliance Industries Limited (Mumbai, India), LyondellBasell Industries Holdings B.V. (Texas, U.S.), Mitsubishi Chemical Corp. (Tokyo, Japan), BASF SE (Ludwigshafen, Germany), Dow (Michigan, U.S.), and Ineos Group Ltd. (London, U.K.), these market players present a level-playing competitive landscape.

In April 2021, the Iranian petrochemical corporations now entirely fulfill the domestic requirement for benzene announced by the Iranian Oil Ministry. There will be a discontinuation on the imports of the product.

Segmentation Table

Global Benzene and its Derivatives Market Scope

ATTRIBUTE DETAILS

Study Period2017-2028

Base Year2020

Estimated Year2021

Forecast Period2021-2028

Historical Period2017-2019

UnitValue (USD Billion); Volume (Kilo Tons)

SegmentationDerivatives; Application; and Region

By DerivativesEthylbenzene

Cumene

Cyclohexane

Alkylbenzene

Others

By ApplicationIndustrial Chemical

Oil and Gas

Rubber and Plastics

Pharmaceutical

Others

By RegionNorth America (By Derivatives, By Application, By Country)

U.S. (By Application)

Canada (By Application)

Mexico (By Application)

Europe (By Derivatives, By Application, By Country)

Germany (By Application)

U.K. (By Application)

France (By Application)

Italy (By Application)

Spain (By Application)

Rest of Europe (By Application)

Asia Pacific (By Derivatives, By Application, By Country)

China (By Application)

Japan (By Application)

India (By Application)

South Korea (By Application)

Rest of Asia Pacific (By Application)

Latin America (By Derivatives, By Application, By Country)

Brazil (By Application)

Rest of South America (By Application)

Middle East & Africa (By Derivatives, By Application, By Country)

Saudi Arabia (By Application)

South Africa (By Application)

Rest of the Middle East & Africa (By Application)

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Table of Contents

200 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
5. Qualitative Insights – Impact of COVID-19 on Global Benzene and its Derivatives Market
5.1. Supply Chain Challenges
5.2. Steps taken by Government/Companies to overcome this impact
5.3. Potential opportunities due to COVID-19 outbreak
6. Global Benzene and its Derivatives Market Analysis, Insights and Forecast, 2017-2028
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Derivatives (Volume/Value)
6.2.1.1. Ethylbenzene
6.2.1.2. Cumene
6.2.1.3. Cyclohexane
6.2.1.4. Alkylbenzene
6.2.1.5. Others
6.2.2. By Application (Volume/Value)
6.2.2.1. Industrial Chemical
6.2.2.2. Oil and Gas
6.2.2.3. Rubber and Plastics
6.2.2.4. Pharmaceutical
6.2.2.5. Others
6.2.3. By Region (Volume/Value)
6.2.3.1. North America
6.2.3.2. Europe
6.2.3.3. Asia Pacific
6.2.3.4. Latin America
6.2.3.5. Middle East & Africa
7. North America Benzene and its Derivatives Market Analysis, Insights and Forecast, 2017-2028
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Derivatives (Volume/Value)
7.2.1.1. Ethylbenzene
7.2.1.2. Cumene
7.2.1.3. Cyclohexane
7.2.1.4. Alkylbenzene
7.2.1.5. Others
7.2.2. By Application (Volume/Value)
7.2.2.1. Industrial Chemical
7.2.2.2. Oil and Gas
7.2.2.3. Rubber and Plastics
7.2.2.4. Pharmaceutical
7.2.2.5. Others
7.2.3. By Country (Volume/Value)
7.2.3.1. U.S.
7.2.3.1.1. By Application (Volume/Value)
7.2.3.1.1.1. Industrial Chemical
7.2.3.1.1.2. Oil and Gas
7.2.3.1.1.3. Rubber and Plastics
7.2.3.1.1.4. Pharmaceutical
7.2.3.1.1.5. Others
7.2.3.2. Canada
7.2.3.2.1. By Application (Volume/Value)
7.2.3.2.1.1. Industrial Chemical
7.2.3.2.1.2. Oil and Gas
7.2.3.2.1.3. Rubber and Plastics
7.2.3.2.1.4. Pharmaceutical
7.2.3.2.1.5. Others
7.2.3.3. Mexico
7.2.3.3.1. By Application (Volume/Value)
7.2.3.3.1.1. Industrial Chemical
7.2.3.3.1.2. Oil and Gas
7.2.3.3.1.3. Rubber and Plastics
7.2.3.3.1.4. Pharmaceutical
7.2.3.3.1.5. Others
8. Europe Benzene and its Derivatives Market Analysis, Insights and Forecast, 2017-2028
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Derivatives (Volume/Value)
8.2.1.1. Ethylbenzene
8.2.1.2. Cumene
8.2.1.3. Cyclohexane
8.2.1.4. Alkylbenzene
8.2.1.5. Others
8.2.2. By Application (Volume/Value)
8.2.2.1. Industrial Chemical
8.2.2.2. Oil and Gas
8.2.2.3. Rubber and Plastics
8.2.2.4. Pharmaceutical
8.2.2.5. Others
8.2.3. By Country (Volume/Value)
8.2.3.1. Germany
8.2.3.1.1. By Application (Volume/Value)
8.2.3.1.1.1. Industrial Chemical
8.2.3.1.1.2. Oil and Gas
8.2.3.1.1.3. Rubber and Plastics
8.2.3.1.1.4. Pharmaceutical
8.2.3.1.1.5. Others
8.2.3.2. UK
8.2.3.2.1. By Application (Volume/Value)
8.2.3.2.1.1. Industrial Chemical
8.2.3.2.1.2. Oil and Gas
8.2.3.2.1.3. Rubber and Plastics
8.2.3.2.1.4. Pharmaceutical
8.2.3.2.1.5. Others
8.2.3.3. France
8.2.3.3.1. By Application (Volume/Value)
8.2.3.3.1.1. Industrial Chemical
8.2.3.3.1.2. Oil and Gas
8.2.3.3.1.3. Rubber and Plastics
8.2.3.3.1.4. Pharmaceutical
8.2.3.3.1.5. Others
8.2.3.4. Italy
8.2.3.4.1. By Application (Volume/Value)
8.2.3.4.1.1. Industrial Chemical
8.2.3.4.1.2. Oil and Gas
8.2.3.4.1.3. Rubber and Plastics
8.2.3.4.1.4. Pharmaceutical
8.2.3.4.1.5. Others
8.2.3.5. Spain
8.2.3.5.1. By Application (Volume/Value)
8.2.3.5.1.1. Industrial Chemical
8.2.3.5.1.2. Oil and Gas
8.2.3.5.1.3. Rubber and Plastics
8.2.3.5.1.4. Pharmaceutical
8.2.3.5.1.5. Others
8.2.3.6. Rest of Europe
8.2.3.6.1. By Application (Volume/Value)
8.2.3.6.1.1. Industrial Chemical
8.2.3.6.1.2. Oil and Gas
8.2.3.6.1.3. Rubber and Plastics
8.2.3.6.1.4. Pharmaceutical
8.2.3.6.1.5. Others
9. Asia-Pacific Benzene and its Derivatives Market Analysis, Insights and Forecast, 2017-2028
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Derivatives (Volume/Value)
9.2.1.1. Ethylbenzene
9.2.1.2. Cumene
9.2.1.3. Cyclohexane
9.2.1.4. Alkylbenzene
9.2.1.5. Others
9.2.2. By Application (Volume/Value)
9.2.2.1. Industrial Chemical
9.2.2.2. Oil and Gas
9.2.2.3. Rubber and Plastics
9.2.2.4. Pharmaceutical
9.2.2.5. Others
9.2.3. By Country (Volume/Value)
9.2.3.1. China
9.2.3.1.1. By Application (Volume/Value)
9.2.3.1.1.1. Industrial Chemical
9.2.3.1.1.2. Oil and Gas
9.2.3.1.1.3. Rubber and Plastics
9.2.3.1.1.4. Pharmaceutical
9.2.3.1.1.5. Others
9.2.3.2. India
9.2.3.2.1. By Application (Volume/Value)
9.2.3.2.1.1. Industrial Chemical
9.2.3.2.1.2. Oil and Gas
9.2.3.2.1.3. Rubber and Plastics
9.2.3.2.1.4. Pharmaceutical
9.2.3.2.1.5. Others
9.2.3.3. Japan
9.2.3.3.1. By Application (Volume/Value)
9.2.3.3.1.1. Industrial Chemical
9.2.3.3.1.2. Oil and Gas
9.2.3.3.1.3. Rubber and Plastics
9.2.3.3.1.4. Pharmaceutical
9.2.3.3.1.5. Others
9.2.3.4. South Korea
9.2.3.4.1. By Application (Volume/Value)
9.2.3.4.1.1. Industrial Chemical
9.2.3.4.1.2. Oil and Gas
9.2.3.4.1.3. Rubber and Plastics
9.2.3.4.1.4. Pharmaceutical
9.2.3.4.1.5. Others
9.2.3.5. Rest of Asia Pacific
9.2.3.5.1. By Application (Volume/Value)
9.2.3.5.1.1. Industrial Chemical
9.2.3.5.1.2. Oil and Gas
9.2.3.5.1.3. Rubber and Plastics
9.2.3.5.1.4. Pharmaceutical
9.2.3.5.1.5. Others
10. Latin America Benzene and its Derivatives Market Analysis, Insights and Forecast, 2017-2028
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Derivatives (Volume/Value)
10.2.1.1. Ethylbenzene
10.2.1.2. Cumene
10.2.1.3. Cyclohexane
10.2.1.4. Alkylbenzene
10.2.1.5. Others
10.2.2. By Application (Volume/Value)
10.2.2.1. Industrial Chemical
10.2.2.2. Oil and Gas
10.2.2.3. Rubber and Plastics
10.2.2.4. Pharmaceutical
10.2.2.5. Others
10.2.3. By Country (Volume/Value)
10.2.3.1. Brazil
10.2.3.1.1. By Application (Volume/Value)
10.2.3.1.1.1. Industrial Chemical
10.2.3.1.1.2. Oil and Gas
10.2.3.1.1.3. Rubber and Plastics
10.2.3.1.1.4. Pharmaceutical
10.2.3.1.1.5. Others
10.2.3.2. Rest of Latin America
10.2.3.2.1. By Application (Volume/Value)
10.2.3.2.1.1. Industrial Chemical
10.2.3.2.1.2. Oil and Gas
10.2.3.2.1.3. Rubber and Plastics
10.2.3.2.1.4. Pharmaceutical
10.2.3.2.1.5. Others
11. Middle East & Africa Benzene and its Derivatives Market Analysis, Insights and Forecast, 2017-2028
11.1. Key Findings / Summary
11.2. Market Size Estimates and Forecast
11.2.1. By Derivatives (Volume/Value)
11.2.1.1. Ethylbenzene
11.2.1.2. Cumene
11.2.1.3. Cyclohexane
11.2.1.4. Alkylbenzene
11.2.1.5. Others
11.2.2. By Application (Volume/Value)
11.2.2.1. Industrial Chemical
11.2.2.2. Oil and Gas
11.2.2.3. Rubber and Plastics
11.2.2.4. Pharmaceutical
11.2.2.5. Others
11.2.3. By Country (Volume/Value)
11.2.3.1. Saudi Arabia
11.2.3.1.1. By Application (Volume/Value)
11.2.3.1.1.1. Industrial Chemical
11.2.3.1.1.2. Oil and Gas
11.2.3.1.1.3. Rubber and Plastics
11.2.3.1.1.4. Pharmaceutical
11.2.3.1.1.5. Others
11.2.3.2. South Africa
11.2.3.2.1. By Application (Volume/Value)
11.2.3.2.1.1. Industrial Chemical
11.2.3.2.1.2. Oil and Gas
11.2.3.2.1.3. Rubber and Plastics
11.2.3.2.1.4. Pharmaceutical
11.2.3.2.1.5. Others
11.2.3.3. Rest of Middle East & Africa
11.2.3.3.1. By Application (Volume/Value)
11.2.3.3.1.1. Industrial Chemical
11.2.3.3.1.2. Oil and Gas
11.2.3.3.1.3. Rubber and Plastics
11.2.3.3.1.4. Pharmaceutical
11.2.3.3.1.5. Others
12. Competitive Analysis
12.1. Business Strategies Adopted by Leading Players
12.2. Global Benzene and its Derivatives Market Revenue Share/Ranking Analysis, By Key Manufacturer
13. Company Profiles
13.1. BASF SE (Ludwigshafen, Germany
13.1.1. Overview
13.1.2. Description
13.1.3. Product Portfolio
13.1.4. Financials (As per Availability)
13.1.5. Recent Developments
13.2. China Petrochemical Corporation (Beijing, China)
13.2.1. Overview
13.2.2. Description
13.2.3. Product Portfolio
13.2.4. Financials (As per Availability)
13.2.5. Recent Developments
13.3. Royal Dutch Shell Plc. (The Hague, Netherlands)
13.3.1. Overview
13.3.2. Description
13.3.3. Product Portfolio
13.3.4. Financials (As per Availability)
13.3.5. Recent Developments
13.4. China National Petroleum Corporation (Beijing, China)
13.4.1. Overview
13.4.2. Description
13.4.3. Product Portfolio
13.4.4. Financials (As per Availability)
13.4.5. Recent Developments
13.5. Dow (Michigan, the U.S.)
13.5.1. Overview
13.5.2. Description
13.5.3. Product Portfolio
13.5.4. Financials (As per Availability)
13.5.5. Recent Developments
13.6. SABIC (Riyadh, Saudi Arabia)
13.6.1. Overview
13.6.2. Description
13.6.3. Product Portfolio
13.6.4. Financials (As per Availability)
13.6.5. Recent Developments
13.7. Exxon Mobil Corporation (Texas, the U.S.)
13.7.1. Overview
13.7.2. Description
13.7.3. Product Portfolio
13.7.4. Financials (As per Availability)
13.7.5. Recent Developments
13.8. Ineos Group Ltd. (London, UK)
13.8.1. Overview
13.8.2. Description
13.8.3. Product Portfolio
13.8.4. Financials (As per Availability)
13.8.5. Recent Developments
13.9. Chevron Phillips Chemical Company LLC. (Texas, the U.S.)
13.9.1. Overview
13.9.2. Description
13.9.3. Product Portfolio
13.9.4. Financials (As per Availability)
13.9.5. Recent Developments
13.10. Mitsubishi Chemical Corporation (Tokyo, Japan)
13.10.1. Overview
13.10.2. Description
13.10.3. Product Portfolio
13.10.4. Financials (As per Availability)
13.10.5. Recent Developments
13.11. LyondellBasell Industries Holdings B.V. (Texas, the U.S.)
13.11.1. Overview
13.11.2. Description
13.11.3. Product Portfolio
13.11.4. Financials (As per Availability)
13.11.5. Recent Developments
13.12. Maruzen Petrochemical Co., Ltd. (Tokyo, Japan)
13.12.1. Overview
13.12.2. Description
13.12.3. Product Portfolio
13.12.4. Financials (As per Availability)
13.12.5. Recent Developments
13.13. Reliance Industries Limited (Mumbai, India)
13.13.1. Overview
13.13.2. Description
13.13.3. Product Portfolio
13.13.4. Financials (As per Availability)
13.13.5. Recent Developments
13.14. Other Key Players
13.14.1. Overview
13.14.2. Description
13.14.3. Product Portfolio
13.14.4. Financials (As per Availability)
13.14.5. Recent Developments
14. Appendix

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