Benzene Market Analysis, Growth rate, Global Trends, Price and Forecasts to 2027

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Benzene Market to Reach USD 115.42 Billion By 2027
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Market Summary
Market Size USD 82.04 Billion in 2018, Market
Growth - CAGR of 3.8, Market Trends Rapid
expansion in the APAC region.
The global benzene market is forecast to reach
USD 115.42 Billion by 2027, according to a new
report by Reports and Data. Benzene is a
commodity petrochemical and an aromatic
hydrocarbon product. It is manufactured as a
by-product in refineries and stream crackers.

• Further key findings from the report suggest
• An increase in the application of insulation
  materials in the construction industry is one of
  the factors contributing to the growth of the
  market. Moreover, growing urbanization and rising
  disposable incomes, has led to an increase in the
  demand for consumer products such as furniture
  wax and thinners globally.
• A derivative of benzene, Cyclohexane, which is
  used to manufacture textiles, is a basic raw
  material for the production of nylon. The paints
  and coatings used in the construction industry is
  another growth-inducing factor as it incorporates
  benzene derivatives in the manufacturing of
  lacquers and paints.
• Refiners across the globe utilize catalytic
  reforming to manufacture high-octane reformate
  for high-value aromatics of benzene and gasoline
  blending for petrochemical use. It is also a
  primary source of refinery-based hydrogen.

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Market Summary
Key Players
Sinopec, BASF SE, Dow DuPont, Saudi Basic
Industries Corporation, ExxonMobil Corporation,
China National Petroleum Corporation, Royal Dutch
Shell plc. JX Holdings, Bp Plc., and Borealis AG,
among others.
Segmentation
Derivative Outlook (Revenue, USD Billion Volume,
Kilo Tons 2016-2027) Cumene Aniline Ethylbenzene
Cyclohexane Chlorobenzene Maleic
Anhydride Alkylbenzene
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Market Summary
In market segmentation by applications of the
Benzene, the report covers the following
uses- Plastics Solvent Chemical
Intermediates Surfactants Rubber
Manufacturing Detergents
Regional Outlook for Benzene Market analyses the
following geographies North America (United
States, Canada, and Mexico) Europe (Germany,
France, UK, Russia, and Italy) Asia-Pacific
(China, Japan, Korea, India, and Southeast
Asia) South America (Brazil, Argentina, Colombia,
etc.) Middle East and Africa (Saudi Arabia, UAE,
Egypt, Nigeria, and South Africa)
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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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