Benzene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Benzene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global benzene market reached a value of US$ 59.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.7 Billion by 2027, exhibiting a CAGR of 3.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Benzene, with the chemical formula C­6H6, is a colorless and highly inflammable chemical compound that has a sweet, gasoline-like odor. It is formed as a by-product of the oil refining process and can also be found in crude oil, gasoline and cigarette smoke. Although widely used for diversified industrial purposes, its non-industrial usage is limited owing to its toxic nature. Continuous exposure to benzene can have detrimental health effects and it has also been identified as a carcinogen, a substance that can potentially cause cancer. Benzene was earlier used widely for de-caffeinating coffee and degreasing metals, however, less toxic chemicals are now rapidly replacing it in these applications.

Benzene Market Trends and Drivers:
An increase in the utilization of insulation materials in construction activities is one of the key contributing factors to the market growth. In addition to this, owing to the growing urbanization and the rising disposable incomes, there has been an increase in the demand for consumer products such as thinners and furniture wax across the globe. Furthermore, benzene serves as a key solvent in several commercial, industrial and research operations. For instance, alkyl benzene is widely used to produce surfactants for the manufacturing of detergents. Cyclohexane, another derivative of benzene, is a basic raw material for the production of nylon, which is used to manufacture textiles. The flourishing paints and coatings industry (PCI) is another major growth-inducing factor as it incorporates benzene derivatives in the manufacturing of paints and lacquers.

IMARC Group’s latest report provides a deep insight into the global benzene market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the benzene industry in any manner.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global benzene market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on derivative, manufacturing process and application.

Breakup by Derivative:

Linear Alkylbenzene
Maleic Anhydride

Breakup by Manufacturing Process:

Pyrolysis Steam Cracking of Naphtha
Catalytic Reforming of Naphtha
Toluene Hydrodealkylation
Toluene Disproportionation
From Biomass

Breakup by Application:

Synthetic Fibers
Rubber Lubricants

Breakup by Region:

Asia Pacific
South Korea
North America
United States
Middle East and Africa
Saudi Arabia
South Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BASF, Sinopec, Royal Dutch Shell, China National Petroleum Corporation, DuPont, Saudi Basic Industries Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation, JX Holdings, BP, Borealis AG, Braskem, Repsol, Arsol Aromatics GmbH & Co. KG, etc.

Key Questions Answered in This Report:

How has the global benzene market performed so far and how will it perform in the coming years?
What are the key regional markets in the global benzene industry?
What has been the impact of COVID-19 on the global benzene industry?
What is the breakup of the market based on the derivative?
What is the breakup of the market based on the manufacturing process?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global benzene industry?
What are the key driving factors and challenges in the global benzene industry?
What is the structure of the global benzene industry and who are the key players?
What is the degree of competition in the global benzene industry?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Benzene Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Derivative
5.5 Market Breakup by Manufacturing Process
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Derivative
6.1 Ethylbenzene
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cumene
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Cyclohexane
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Nitrobenzene
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Linear Alkylbenzene
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Maleic Anhydride
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Manufacturing Process
7.1 Pyrolysis Steam Cracking of Naphtha
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Catalytic Reforming of Naphtha
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Toluene Hydrodealkylation
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Toluene Disproportionation
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 From Biomass
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Plastics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Resins
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Synthetic Fibers
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Rubber Lubricants
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 Asia Pacific
9.1.1 Market Trends
9.1.2 Major Markets China India Japan South Korea
9.1.3 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Major Markets Germany UK France Italy
9.2.3 Market Forecast
9.3 North America
9.3.1 Market Trends
9.3.2 Major Markets United States Canada
9.3.3 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Major Markets Saudi Arabia South Africa
9.4.3 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Major Markets Brazil Argentina
9.5.3 Market Forecast
10 Trade Data
10.1 Import Breakup by Country
10.2 Export Breakup by Country
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 BASF
15.3.2 Sinopec
15.3.3 Royal Dutch Shell
15.3.4 China National Petroleum Corporation
15.3.5 DuPont
15.3.6 Saudi Basic Industries Corporation
15.3.7 China Petroleum & Chemical Corporation
15.3.8 ExxonMobil Corporation
15.3.9 JX Holdings
15.3.10 BP
15.3.11 Borealis AG
15.3.12 Braskem
15.3.13 Repsol
15.3.14 Arsol Aromatics GmbH & Co. KG

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