Global Ethylbenzene Market 2017-2021
Ethylbenzene is used to manufacture styrene monomer. Styrene monomers are used to manufacture several polymers known as styrenics. Styrenics include polystyrene copolymers such as acrylonitrile, acrylates, and various other blends. They assist as a precursor to polystyrene and various other copolymers. Ethylbenzene is used for styrene and chemical production. There are various types of styrenics such as polystyrene (PS), expanded polystyrene (EPS), acrylonitrile butadiene styrene (ABS), styrene acrylonitrile (SAN), styrene butadiene rubber (SBR), unsaturated polyester resin (UPR), extruded polystyrene (XPS), and styrene butadiene latex (SBL).
Technavio’s analysts forecast the global ethylbenzene market to grow at a CAGR of 4.42 % during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ethylbenzene market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ethylbenzene Market 2017-2021
Technavio recognizes the following companies as the key players in the global ethylbenzene market: Chevron Philips Chemical Company, LyondellBasell Industries Holdings, Synthos S.A., Total, and Versalis.
Other Prominent Vendors in the market are: Carbon Holding, Changzhou Dohow Chemical, Shell, and Qufu Xindi Chemical Research Limited Company.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is key vendors focusing on manufacturing environment-friendly products. Innovation is the major factor that provides novel products to consumers. Synchronization of consumer needs and adherence to regulations and standards set by concerned governments can be achieved only through innovations. Companies are researching on monomer-free resins that would help to reduce VOC emissions. UPR is a derivative of styrene and has replaced solvent-containing varnish, which was earlier used as secondary insulation for windings in electrical motors. The usage of monomer-free UPR has reduced the emissions that occur during curing. This is because the varnishes contain about 50% of solvents, which must be removed during the curing process.”
According to the report, one of the major drivers for this market is increasing demand for styrenics. Most of the ethylbenzene is used in the production of styrenics. Hence, the demand for ethylbenzene is based primarily on the production of styrene. Styrenics includes polystyrene copolymers such as acrylonitrile and acrylates and various other blends. They assist as a precursor to polystyrene and various other copolymers. Styrene is derivative of benzene. It is a colorless and oily organic compound that tends to evaporate quickly. There are various types of styrenics such as PS, EPS, ABS and SAN, SBR, UPR, XPS, and SBL.
Further, the report states that one of the major factors hindering the growth of this market is increasing demand for bioplastics over conventional plastics. Bioplastic is a biodegradable product, which is derived from sources that are renewable. These renewable sources include natural products such as potatoes, vegetable oil, corn starch, sugar cane, wheat, rice, pea starch, tapioca, grains, and cellulose from wood. Bioplastics are replacing conventional plastics due to their eco-friendly nature.
Chevron Philips Chemical Company, LyondellBasell Industries Holdings, Synthos S.A., Total, and Versalis.Other Prominent Vendors in the market are: Carbon Holding, Changzhou Dohow Chemical, Shell, and Qufu Xindi Chemical Research Limited Company.
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