Global Benzene Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: January 13, 2021 |

The global benzene market size is projected to grow at a significant CAGR of over 3.5% during the forecast period 2021 to 2027. The rising demand for styrene polymers is a primary factor to drive the market growth. The styrene polymers are used in various end-use industries such as packaging, textiles, and construction industry. Furthermore, the growing demand for methylene diphenyl diisocyanate is another factor to propel the market. The MDI used in polyurethane foams production which is widely used in the construction and furniture industry. However, harmful effects on human health and the environment are a major factor to restrain the market growth.

Market Segment Insights:

The global benzene market is segmented into derivatives, applications, and geography. On the basis of derivatives, the market is classified into ethylbenzene, cumene, alkylbenzene, aniline, and others. The ethylbenzene segment held the largest market share in 2020 and projected to grow at the same trend. The segment growth is attributed to the increasing demand for styrene which is used in various products such as latexes, styrene-butadiene elastomer, polystyrene, etc. Furthermore, with the increasing demand from MEA and Asia Pacific due to the rising demand for rubber tires, the demand for styrene is continuously growing.

By application, the benzene market is bifurcated into solvents, chemical intermediates, surfactants, plastics, and others. The solvent segment dominated the market in 2020 and accounted to hold a major market share of around 24% of market in terms of revenue. Furthermore, the chemical intermediates segment is accounted to hold the second-largest market share globally. By region, the Asia Pacific dominated the market and expected to keep its dominance over the forecast period. The regional growth is attributed to the increasing use of benzene in various end-use industries such as oil & gas, construction, and polymer industry.

The benzene comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global benzene market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

The benzene market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Global Benzene Market Segmentation:

By Derivatives:

  • Alkyl Benzene
  • Cumene
  • Cyclohexane
  • Ethyl Benzene
  • Nitro Benzene
  • Aniline
  • Toluene
  • Phenol
  • Styrene
  • Others

By Application:

  • Solvent
  • Chemical Intermediates
  • Surfactants
  • Plastics
  • Rubber Manufacturing
  • Detergent
  • Explosives
  • Lubricants
  • Pesticides
  • Anti-Knock Additives
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, the benzene market report comprises dedicated sections centering on the regional market revenue and trends. The benzene market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The benzene market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Benzene market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Market Competition Assessment:

Key players operating in the global benzene market are BASF SE, Chevron Phillips Chemical Company, Exxon Mobil Corporation, LG Chem, and Royal Dutch Shell PLC. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • BASF SE
  • Chevron Phillips Chemical Company
  • Dow Chemicals
  • Exxon Mobil Corporation
  • LG Chem
  • Royal Dutch Shell PLC
  • Arsol Aromatics GmbH & Co. KG
  • SABIC
  • BP plc
  • China Petroleum & Chemical Corporation
  • Repsol
  • Borealis AG

Key Questions Answered by Benzene Market Report:

  • Global benzene market forecasts from 2021-2027
  • Regional benzene market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Benzene submarket forecasts from 2021-2027 covering the market by derivatives, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the benzene market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level benzene markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the benzene market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Benzene Market Portraiture
2.2. Global Benzene Market, by Derivatives, 2020 (USD Mn)
2.3. Global Benzene Market, by Application, 2020 (USD Mn)
2.4. Global Benzene Market, by Geography, 2020 (USD Mn)

 

3. Global Benzene Market Analysis


3.1. Benzene Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis

 

4. Global Benzene Market By Derivatives, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Alkyl Benzene
4.3. Cumene
4.4. Cyclohexane
4.5. Ethyl Benzene
4.6. Nitro Benzene
4.7. Aniline
4.8. Toluene
4.9. Phenol
4.10. Others

 

5. Global Benzene Market By Application, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Solvent
5.3. Chemical Intermediates
5.4. Surfactants
5.5. Plastics
5.6. Rubber Manufacturing
5.7. Detergent
5.8. Explosives
5.9. Lubricants
5.10. Pesticides
5.11. Anti-Knock Additives
5.12. Others

 

6. Global Benzene Market, By Geography, 2018 – 2027 (USD Mn)


6.1. Introduction
6.2. North America
6.2.1. Overview
6.2.2. North America Benzene Market by Derivatives (2018-2027 USD Mn)
6.2.3. North America Benzene Market by Application (2018-2027 USD Mn)
6.2.4. North America Benzene Market by Country (2018-2027 USD Mn)
6.2.4.1. U.S.
6.2.4.2. Canada
6.3. Europe
6.3.1. Overview
6.3.2. Europe Benzene Market by Derivatives (2018-2027 USD Mn)
6.3.3. Europe Benzene Market by Application (2018-2027 USD Mn)
6.3.4. Europe Benzene Market by Country (2018-2027 USD Mn)
6.3.4.1. Germany
6.3.4.2. U.K.
6.3.4.3. France
6.3.4.4. Italy
6.3.4.5. Rest of Europe
6.4. Asia Pacific
6.4.1. Overview
6.4.2. Asia Pacific Benzene Market by Derivatives (2018-2027 USD Mn)
6.4.3. Asia Pacific Benzene Market by Application (2018-2027 USD Mn)
6.4.4. Asia Pacific Benzene Market by Country (2018-2027 USD Mn)
6.4.4.1. China.
6.4.4.2. Japan
6.4.4.3. Rest of Asia Pacific
6.5. Latin America (LATAM)
6.5.1. Overview
6.5.2. Latin America Benzene Market by Derivatives (2018-2027 USD Mn)
6.5.3. Latin America Benzene Market by Application (2018-2027 USD Mn)
6.5.4. Latin America Benzene Market by Country (2018-2027 USD Mn)
6.5.4.1. Brazil
6.5.4.2. Mexico
6.5.4.3. Rest of Latin America
6.6. Middle East and Africa
6.6.1. Overview
6.6.2. MEA Benzene Market by Derivatives (2018-2027 USD Mn)
6.6.3. MEA Benzene Market by Application (2018-2027 USD Mn)
6.6.4. Middle East and Africa Benzene Market, by Country (2018-2027 USD Mn)
6.6.4.1. GCC
6.6.4.2. Rest of MEA

 

7. Company Profiles


7.1. BASF SE
7.1.1. Business Description
7.1.2. Financial Health and Budget Allocation
7.1.3. Product Positions/Portfolio
7.1.4. Recent Development
7.1.5. SWOT Analysis
7.2. Chevron Phillips Chemical Company
7.2.1. Business Description
7.2.2. Financial Health and Budget Allocation
7.2.3. Product Positions/Portfolio
7.2.4. Recent Development
7.2.5. SWOT Analysis
7.3. Dow Chemicals
7.3.1. Business Description
7.3.2. Financial Health and Budget Allocation
7.3.3. Product Positions/Portfolio
7.3.4. Recent Development
7.3.5. SWOT Analysis
7.4. Exxon Mobil Corporation
7.4.1. Business Description
7.4.2. Financial Health and Budget Allocation
7.4.3. Product Positions/Portfolio
7.4.4. Recent Development
7.4.5. SWOT Analysis
7.5. LG Chem
7.5.1. Business Description
7.5.2. Financial Health and Budget Allocation
7.5.3. Product Positions/Portfolio
7.5.4. Recent Development
7.5.5. SWOT Analysis
7.6. Royal Dutch Shell PLC
7.6.1. Business Description
7.6.2. Financial Health and Budget Allocation
7.6.3. Product Positions/Portfolio
7.6.4. Recent Development
7.6.5. SWOT Analysis
7.7. Arsol Aromatics GmbH & Co. KG
7.7.1. Business Description
7.7.2. Financial Health and Budget Allocation
7.7.3. Product Positions/Portfolio
7.7.4. Recent Development
7.7.5. SWOT Analysis
7.8. SABIC
7.8.1. Business Description
7.8.2. Financial Health and Budget Allocation
7.8.3. Product Positions/Portfolio
7.8.4. Recent Development
7.8.5. SWOT Analysis
7.9. BP plc
7.9.1. Business Description
7.9.2. Financial Health and Budget Allocation
7.9.3. Product Positions/Portfolio
7.9.4. Recent Development
7.9.5. SWOT Analysis
7.10. China Petroleum & Chemical Corporation
7.10.1. Business Description
7.10.2. Financial Health and Budget Allocation
7.10.3. Product Positions/Portfolio
7.10.4. Recent Development
7.10.5. SWOT Analysis

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List of Tables:

TABLE 1 Market Snapshot: Global Benzene Market

TABLE 2                Impact Indicators

TABLE 3                Impact Analysis of Drivers and Challenges

TABLE 4                Global Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 5                Global Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 6 North America Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 7 North America Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 8 North America Benzene Market Value, By Country, 2018 - 2027 (US$ Mn)

TABLE 9 U.S. Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 10 U.S. Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 11 Canada Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 12 Canada Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 13 Europe Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 14 Europe Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 15 Europe Benzene Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 16 Germany Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 17 Germany Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 18 U.K. Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 19 U.K. Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 20 France Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 21 France Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 22 Italy Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 23 Italy Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 24 Rest of Europe Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 25 Rest of Europe Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 26 Asia Pacific Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 27 Asia Pacific Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 28 Asia Pacific Benzene Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 29 Japan Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 30 Japan Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 31 China Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 32 China Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 33 Rest of Asia Pacific Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 34 Rest of Asia Pacific Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 35 Latin America Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 36 Latin America Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 37 Latin America Benzene Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 38 Brazil Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 39 Brazil Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 40 Mexico Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 41 Mexico Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 42 Rest of Latin America Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 43 Rest of Latin America Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 44 Middle East & Africa Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 45 Middle East & Africa Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 46 Middle East & Africa Benzene Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 47 GCC Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 48 GCC Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 49 Rest of MEA Benzene Market Value, by Derivatives, 2018 - 2027 (US$ Mn)

TABLE 50 Rest of MEA Benzene Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 51 BASF SE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 52 Chevron Phillips Chemical Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 53 Dow Chemicals: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 54 Exxon Mobil Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 55 LG Chem: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 56 Royal Dutch Shell PLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 57 Arsol Aromatics GmbH & Co. KG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 58 SABIC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 59 BP plc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 60 China Petroleum & Chemical Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

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List of Figures:

FIG. 1 Global Benzene: Market Segmentation

FIG. 2 Global Benzene Market: Research Methodology

FIG. 3 Top-Down and Bottom-up Approach

FIG. 4 Global Benzene Market, by Derivatives, 2019 (US$ Mn)

FIG. 5 Global Benzene Market, by Application, 2019 (US$ Mn)

FIG. 6 Global Benzene Market, by Geography, 2019 (US$ Mn)

FIG. 7 Global Benzene Market Value and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)

FIG. 8 Attractive Investment Proposition, by Geography, 2017

FIG. 9 Market Positioning of Key Benzene Providers, 2019

FIG. 10 Global Benzene Market Value Share, by Derivatives, 2018 & 2027 (%)

FIG. 11 Global Benzene Market Value for Alkyl Benzene, 2018 - 2027, (US$ Mn)

FIG. 12 Global Benzene Market Value for Cumene, 2018 - 2027, (US$ Mn)

FIG. 13 Global Benzene Market Value for Cyclohexane, 2018 - 2027, (US$ Mn)

FIG. 14 Global Benzene Market Value for Ethyl Benzene, 2018 - 2027, (US$ Mn)

FIG. 15 Global Benzene Market Value for Nitro Benzene, 2018 - 2027, (US$ Mn)

FIG. 16 Global Benzene Market Value for Aniline, 2018 - 2027, (US$ Mn)

FIG. 17 Global Benzene Market Value for Toluene, 2018 - 2027, (US$ Mn)

FIG. 18 Global Benzene Market Value for Phenol, 2018 - 2027, (US$ Mn)

FIG. 19 Global Benzene Market Value for Others, 2018 - 2027, (US$ Mn)

FIG. 20 Global Benzene Market Value Share, by Application, 2018 & 2027 (Value %)

FIG. 21 Global Benzene Market Value for Solvent, 2018 - 2027, (US$ Mn)

FIG. 22 Global Benzene Market Value for Chemical Intermediates, 2018 - 2027, (US$ Mn)

FIG. 23 Global Benzene Market Value for Surfactants, 2018 - 2027, (US$ Mn)

FIG. 24 Global Benzene Market Value for Plastics, 2018 - 2027, (US$ Mn)

FIG. 25 Global Benzene Market Value for Rubber Manufacturing, 2018 - 2027, (US$ Mn)

FIG. 26 Global Benzene Market Value for Detergent, 2018 - 2027, (US$ Mn)

FIG. 27 Global Benzene Market Value for Explosives, 2018 - 2027, (US$ Mn)

FIG. 28 Global Benzene Market Value for Lubricants, 2018 - 2027, (US$ Mn)

FIG. 29 Global Benzene Market Value for Pesticides, 2018 - 2027, (US$ Mn)

FIG. 30 Global Benzene Market Value for Anti-Knock Additives, 2018 - 2027, (US$ Mn)

FIG. 31 Global Benzene Market Value for Others, 2018 - 2027, (US$ Mn)

FIG. 32 North America Benzene Market Value, 2018 - 2027, (US$ Mn)

FIG. 33 Europe Benzene Market Value, 2018 - 2027, (US$ Mn)

FIG. 34 Asia Pacific Benzene Market Value, 2018 - 2027, (US$ Mn)

FIG. 35 LATIN America Benzene Market Value, 2018 - 2027, (US$ Mn)

FIG. 36 Middle East & Africa Benzene Market Value, 2018 - 2027, (US$ Mn)
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