PUBLISHER: IMARC | PRODUCT CODE: 1308449
PUBLISHER: IMARC | PRODUCT CODE: 1308449
Benzene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview 2023-2028:
The global benzene market size reached US$ 61.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 76.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.
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:
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 report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on derivative, manufacturing process and application.
Breakup by Derivative:
Ethylbenzene
Cumene
Cyclohexane
Nitrobenzene
Linear Alkylbenzene
Maleic Anhydride
Others
Breakup by Manufacturing Process:
Pyrolysis Steam Cracking of Naphtha
Catalytic Reforming of Naphtha
Toluene Hydrodealkylation
Toluene Disproportionation
From Biomass
Breakup by Application:
Plastics
Resins
Synthetic Fibers
Rubber Lubricants
Others
Breakup by Region:
Asia Pacific
China
India
Japan
South Korea
Europe
Germany
UK
France
Italy
North America
United States
Canada
Middle East and Africa
Saudi Arabia
South Africa
Latin America
Brazil
Argentina
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
- 1. What was the size of the global benzene market in 2022?
- 2. What is the expected growth rate of the global benzene market during 2023-2028?
- 3. What are the key factors driving the global benzene market?
- 4. What has been the impact of COVID-19 on the global benzene market?
- 5. What is the breakup of the global benzene market based on the derivative?
- 6. What are the key regions in the global benzene market?
- 7. Who are the key players/companies in the global benzene market?
Table of Contents
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
- 9.1.2.1 China
- 9.1.2.2 India
- 9.1.2.3 Japan
- 9.1.2.4 South Korea
- 9.1.3 Market Forecast
- 9.2 Europe
- 9.2.1 Market Trends
- 9.2.2 Major Markets
- 9.2.2.1 Germany
- 9.2.2.2 UK
- 9.2.2.3 France
- 9.2.2.4 Italy
- 9.2.3 Market Forecast
- 9.3 North America
- 9.3.1 Market Trends
- 9.3.2 Major Markets
- 9.3.2.1 United States
- 9.3.2.2 Canada
- 9.3.3 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Major Markets
- 9.4.2.1 Saudi Arabia
- 9.4.2.2 South Africa
- 9.4.3 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Major Markets
- 9.5.2.1 Brazil
- 9.5.2.2 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
List of Figures
- Figure 1: Global: Benzene Market: Major Drivers and Challenges
- Figure 2: Global: Benzene Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Benzene Market: Breakup by Derivative (in %), 2022
- Figure 4: Global: Benzene Market: Breakup by Manufacturing Process (in %), 2022
- Figure 5: Global: Benzene Market: Breakup by Application (in %), 2022
- Figure 6: Global: Benzene Market: Breakup by Region (in %), 2022
- Figure 7: Global: Benzene Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 8: Global: Benzene Market: Imports Breakup by Country (in %), 2021
- Figure 9: Global: Benzene Market: Export Breakup by Country (in %), 2021
- Figure 10: Global: Benzene Industry: SWOT Analysis
- Figure 11: Global: Benzene Industry: Value Chain Analysis
- Figure 12: Global: Benzene Industry: Porter's Five Forces Analysis
- Figure 13: Global: Benzene (Ethylbenzene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Benzene (Ethylbenzene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Benzene (Cumene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Benzene (Cumene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Benzene (Cyclohexane) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Benzene (Cyclohexane) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Benzene (Nitrobenzene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Benzene (Nitrobenzene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Benzene (Linear Alkylbenzene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Benzene (Linear Alkylbenzene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Benzene (Maleic Anhydride) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Benzene (Maleic Anhydride) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Benzene (Other Derivatives) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Benzene (Other Derivatives) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Benzene (Pyrolysis Steam Cracking of Naphtha) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Benzene (Pyrolysis Steam Cracking of Naphtha) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Benzene (Catalytic Reforming of Naphtha) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Benzene (Catalytic Reforming of Naphtha) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Benzene (Toluene Hydrodealkylation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Benzene (Toluene Hydrodealkylation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Benzene (Toluene Disproportionation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Benzene (Toluene Disproportionation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Benzene (From Biomass) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Benzene (From Biomass) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Benzene (Plastics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Benzene (Plastics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Benzene (Resins) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Benzene (Resins) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Benzene (Synthetic Fibers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Benzene (Synthetic Fibers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Global: Benzene (Rubber Lubricants) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Global: Benzene (Rubber Lubricants) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Global: Benzene (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Global: Benzene (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Asia Pacific: Benzene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Asia Pacific: Benzene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Europe: Benzene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Europe: Benzene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: North America: Benzene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: North America: Benzene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Middle East and Africa: Benzene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Middle East and Africa: Benzene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Latin America: Benzene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Latin America: Benzene Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
- Table 1: Benzene: Physical Properties
- Table 2: Benzene: Chemical Properties
- Table 3: Global: Benzene Market: Key Industry Highlights, 2022 and 2028
- Table 4: Global: Benzene Market Forecast: Breakup by Derivative (in Million US$), 2023-2028
- Table 5: Global: Benzene Market Forecast: Breakup by Manufacturing Process (in Million US$), 2023-2028
- Table 6: Global: Benzene Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 7: Global: Benzene Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Benzene Market Structure
- Table 9: Global: Benzene Market: Key Players
