The benzene market is forecasted to grow by USD 7.01 bn during 2023-2028, accelerating at a CAGR of 3.77% during the forecast period. The report on the benzene market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in demand for benzene in developing economies, increasing demand for benzene from various applications, and growing demand for polymers in different industries.
Technavio's benzene market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
3.43%
CAGR
3.77%
Incremental Value
$7.01bn
By Method
Catalytic reforming
Steam cracking
Others
By Derivative Type
Styrene
Cumene
Cyclohexane
Aniline
Others
By Geographical Landscape
APAC
North America
Europe
Middle East and Africa
South America
This study identifies the increase in spending by pharmaceutical industry as one of the prime reasons driving the benzene market growth during the next few years. Also, rising preference for bio-based latexes and technological advances in benzene production will lead to sizable demand in the market.
The report on the benzene market covers the following areas:
Benzene market sizing
Benzene market forecast
Benzene market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading benzene market vendors that include Arsol Aromatics GmbH and Co. KG, BASF SE, Borealis AG, BP Plc, Braskem SA, Chevron Corp., China National Petroleum Corp., China Petrochemical Corp., Dow Chemical Co., Eastman Chemical Co., ENEOS Holdings Inc., Exxon Mobil Corp., Indian Oil Corp. Ltd., LyondellBasell Industries N.V., Merck KGaA, Mitsubishi Chemical Group Corp., Repsol SA, Saudi Basic Industries Corp., Shell plc, and TotalEnergies SE. Also, the benzene market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global benzene market 2018 - 2022
4.2 Method Segment Analysis 2018 - 2022
4.3 Derivative Type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Method
6.1 Market segments
6.2 Comparison by Method
6.3 Catalytic reforming - Market size and forecast 2023-2028
6.4 Steam cracking - Market size and forecast 2023-2028
6.5 Others - Market size and forecast 2023-2028
6.6 Market opportunity by Method
7 Market Segmentation by Derivative Type
7.1 Market segments
7.2 Comparison by Derivative Type
7.3 Styrene - Market size and forecast 2023-2028
7.4 Cumene - Market size and forecast 2023-2028
7.5 Cyclohexane - Market size and forecast 2023-2028
7.6 Aniline - Market size and forecast 2023-2028
7.7 Others - Market size and forecast 2023-2028
7.8 Market opportunity by Derivative Type
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 North America - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028
9.8 China - Market size and forecast 2023-2028
9.9 US - Market size and forecast 2023-2028
9.10 South Korea - Market size and forecast 2023-2028