Global Benzene Market: End Users, Region, Growth Rate And Sales | 2026 | China National Petroleum Corporation, Haldia Petrochemicals Limited, PTT Global Chemical Public Company Limited

Market Definition: Global Benzene Market

Benzene is a colourless, highly flammable, sweet smelling aromatic hydrocarbon and a ware petrochemical industrial solvent. It has a tendency to evaporate rapidly on being exposed to air and is a petrochemical product which has numerous subsidiaries such as alkyl benzene, aniline, cumene, cyclohexane, chlorobenzene, ethyl benzene, nitrobenzene, phenol and others. Benzene is used in various sectors such as electrical & electronics, consumer products, transportation, constructions, and medical. Benzene is also used as a solvent in large range of commercial and economical industries.

Market Analysis: Global Benzene Market

Global benzene market is expected to rise to an estimated value of USD 111.1 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for polyester and low cost of the feedstock are the factors driving the benzene market.
Market Drivers:
  • Growing demand for styrene polymers from various end-user industries is boosting the market growth
  • Increasing demand for polyester is flourishing the market growth
  • Rising crude oil production enhances the market growth
  • Low cost of the feedstock and economical commodity product prices drives the market growth
Market Restraints:
  • Detrimental effects of benzene exposure act as a restraint  for the market growth
  • Volatility in the price of crude oil is hindering the market growth
Competitive Analysis:
Global benzene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Benzene Market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global benzene market are China National Petroleum Corporation, Haldia Petrochemicals Limited, PTT Global Chemical Public Company Limited, Indian Oil Corporation Ltd, NAFTPRO Petroleum Products, GS Caltex Corporation, Dow, Reliance Industries Limited, DuPont de Nemours, Inc., SABIC, Royal Dutch Shell Plc .com, Repsol, Arsol Aromatics GmbH & Co. KG, BASF SE, ExxonMobil Corporation and others
Key Developments in the Market:
  • In March 2019, Saudi energy giant Saudi Aramco has consented to acquire a 70% larger part stake in petrochemicals and synthetic compounds organization, SABIC.  The acquisition aims at providing crude-oil-to-chemicals technologies enhancing their own portfolio
  • In December 2017, Aarti Industries, which is the India’s leading producer of benzene signs Rs 10,000 Crore multi-year supply contract with a global chemical conglomerate. The main aim of this contract is to supply of a high demand speciality chemical intermediate over a period of two decades.

Research Methodology: Global Benzene Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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