Global Market Summary of Benzene

Benzene (C 6 H 6 ) is an aromatic organic colorless and flammable petrochemical with a sweet and gasoline-like odor.

It is obtained as a by-product during the production of propylene and ethylene. Steam cracking of naphtha followed by its extractive distillation is a conventional route for producing benzene. Benzene can also be produced from hydro alkylation of toluene.

The Global market of Benzene was valued at US$ 46 million in 2018, growing at a CAGR of more than 6.1% during 2012-2018. Looking forward, the global Benzene market is anticipated to reach US$ 56 million by 2023, at a CAGR of 4% for the forecast period 2018-2023.

Benzene is widely deployed in a number of applications such as aniline, alkyl benzene, chlorobenzene, cumene, cyclohexane, ethyl benzene, nitrobenzene, phenol and toluene. One of the major benzene derivatives is Ethyl benzene, it is an important feedstock for styrene.

China is the major Benzene producing as well as consuming region followed by Europe and North East Asia.

The competitive landscape of the market has also been examined with some of the key players being Reliance, Exxon Mobil, Shell, Formosa and Dow Chemicals.

This report covers the global scenario on Benzene Industry, Region-wise Supply Demand Analysis and Future Demand Projections for the Africa, South America, North America, Indian Subcontinent, North East Asia, China, South East Asia, Middle East, Europe and Australia. For Indian scenario this report covers major producers, Supply, Demand, Market Drivers and Future Projection.