Infinium Global Research has produced a new premium report Benzene Market. The report covers the analysis of global as well as regional markets of Benzene. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Benzene Market by derivatives (ethylbenzene, cumene Swell Traveler Water Bottle Sale , styrene, chlorobenzene, aniline, alkylbenzene, cyclohexane and others) and application (tirerubber manufacturing, printing, petroleumoil Swell Traveler Bottle Sale , chemicals and plastic, auto repair, medicine and others) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW.
The report covers market changing aspects including drivers, restraints, opportunities Swell Water Bottle Sale Clearance , and trends expected to encourage the expansion of the Benzene Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Benzene Market are BASF, Reliance Industries Limited, The Dow Chemical Company, ExxonMobil Swell Water Bottle Sale , Shell, Royal Dutch Shell Plc., China National Petroleum Corporation, Total S.A., Saudi Basic Industries Corporation and others.
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Versatile Applications Served by the Benzene is the Key Factor Driving the Benzene Market
The benzene is a large volume commodity petrochemical that shows diverse applications in the chemical industry. The versatile applications served by the benzene is the key factor driving the benzene market worldwide. The major amount of produced benzene is essentially used in the production of various chemicals such as ethylbenzene, cumene and cyclohexane that are used in the TireRubber Manufacturing Swell Marble Water Bottle Sale , plastic, paint and coatings, printing and other industries. In addition, the rapidly growing demand for Styrene or polystyrene which are the derivatives of benzene, are used in various end-use industries which are likely to boost the growth of the benzene market. The manufacturing of synthetic rubbers and polystyrene are the major applications of the Styrene. The rising uses of polystyrene in the food packaging, construction and in the manufacturing industries for insulation and manufacturing purpose is expected to contribute to the growth of the benzene market over the forecast period. However, the U.S. Consumer Product Safety Commission (CPSC) recommends a ban of benzene in consumer products because it has linked with various health related issues such as cancer of the white blood cells Swell Marble Bottle Sale , blood disorders and abnormalities of genetic material that may hamper the market growth.
Moreover, rapidly increasing phenol consumption is expected to escalate the growth of benzene market in upcoming years. Phenol is one of the derivatives of benzene used in the production of household application and as intermediates for the industrial synthesis
Asia Pacific Accounts for Nearly Half of the Global Production and Consumption of Benzene
Asia Pacific accounts for nearly half of the global production and consumption of benzene. The factors such as favourable government regulations, growing end-use industries including electronics, packing, construction, paint and coating and many other, availability of cheap resources and skilled workforce are likely to fuel the growth of benzene market in this region.
Organic and Inorganic Growth Strategies to Remain Key Strategies of the Leading Players
The companies such as BASF, Reliance Industries Limited, The Dow Chemical Company, ExxonMobil, Shell, Royal Dutch Shell Plc., China National Petroleum Corporation Swell Wood Bottle Sale , Total S.A., Saudi Basic Industries Corporation and others are some major players in the benzene market. These Companies are looking forward to organic as well as non-organic growth opportunities.
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