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Benzene Market Consumption worth 53,432.9 Kilotons by 2018

Tuesday, March 14, 2017 13:36
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(Before It's News)

The report Benzene Market & Its Derivatives (Ethylbenzene, Cumene, Cyclohexane, Nitrobenzene, and Alkylbenzene) Market by Application & Geography – Trends and Forecasts to 2018”, defines and segments the benzene & its derivatives market with analysis and forecasting of the consumption volume and value.                                         

Browse  118 market data tables  and 33 figures spread through 218 pages and in-depth TOC on “Benzene Market & Its Derivatives (Ethylbenzene, Cumene, Cyclohexane, Nitrobenzene, and Alkylbenzene) Market by Application & Geography – Trends and Forecasts to 2018″ 

Early buyers will receive 10% customization on reports.

The Asia-Pacific – Biggest Market of Benzene

The Asia-Pacific is the most promising chemical market and is expected to be the same in the near future. The Asia-Pacific is the largest  benzene market, which consumed more than 45.0% of the total demand in 2012, and also for most of its derivatives that include ethylbenzene, cyclohexane, cumene, nitrobenzene, and alkylbenzene. The demand for benzene in the region is anticipated to grow at a CAGR of about 4.1% from 2013 to 2018. It is estimated that China and Japan were the biggest consumers of benzene in the region followed by South Korea in 2012, while, India is expected to be the fastest growing market of benzene. The continuous rise in the production of end products for use within the region and for exports, derives a huge demand for chemicals. A few of the reasons for the high growth in this region are growing population, vast economies–developed as well as developing, and favorable investment policies and government initiatives to promote industrial growth.

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“Ethylbenzene –the Biggest and Cumene –the Fastest Growing” Benzene Derivative Markets

Benzene is a major feedstock to manufacture ethylbenzene, which was at the forefront in terms of volumetric consumption in 2012, mainly driven by the growing demand of styrene. Styrene is manufactured by employing ethylbenzene as a feedstock and the consumption growth of styrenic polymers is also accelerating the demand for benzene at a notable pace. Ethylbenzene demand is witnessed to be quite high in China, followed by the U.S., South Korea, and Japan. After ethylbenzene, is the cumene production segment which is also expected to be the fastest growing end-use segment with an estimated CAGR of about 5.1% from 2013 to 2018. Cumene is majorly employed to manufacture phenol and its co-product acetone, which are used in the production of phenolic resins, bisphenol A, caprolactam, alkylphenols, and other chemicals. Phenol consumption is growing at a considerable growth rate, which in turn is pushing the demand for cumene and hence driving the demand for benzene at a significant pace.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Find more http://www.prnewswire.com/news-releases/benzene-consumption-market-worth-534329-kilotons-by-2018-254909981.html

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