Transparency Market
Research Reports incorporated a definite business overview and investigation
inclines on "Benzene And Its
Derivatives Market ". This report likewise incorporates more
illumination about fundamental review of the business including definitions,
requisitions and worldwide business sector industry structure.
Benzene is an aromatic hydrocarbon extracted from
crude oil. Major derivatives of benzene include cumene, ethylbenzene,
alkylbenzene, nitrobenzene, cyclohaxane, chlorobenzene, phenol, aniline and
toluene. Benzene & its derivatives are widely used as a feedstock in
manufacturing of various chemicals.
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Growing demand of styrene
polymers from various industries such as automobiles, paints & coatings,
foams and films is expected to drive the benzene & its derivatives market.
As ethylbenzene is a major feedstock for styrene production, demand for styrene
is expected to fuel growth of this market. Demand from automobiles, coatings
& paints is raising owing to increasing population and disposable income in
developing countries. Further, demand for cumene is expected to grow at higher
pace owing to increase in demand from specialty chemical production. Cumene is
used in manufacturing of acetone and phenols which are employed to manufacture
phenolic resins, alkylphenols, bisphenol A, caprolactam and other chemicals.
Phenol demand is growing at a higher rate, which in turn is expected to boost
consumption of cumene and subsequently of benzene. Phenolic resins, bisphenol A
are raw materials for various markets such as foam, epoxy resins,
polycarbonate, polyurethane among others.
Benzene & its derivatives are subjected to risk of volatility in supply and price of crude oil. Ethylbenzene has adverse effect on human body if exposed to it for longer duration. Its traces are found in soil and air which compells environmental regulatory agencies to implement stringent regulations on usage of ethylbenzene in end products. Existing and upcoming regulations regarding use of benzene & its derivatives in end products is expected to hamper the market growth. Rising investments in downstream industries in Middle East are expected to provide immense opportunities for benzene & its derivatives market in the near future. Due to proximity to raw material, multinational companies are investing in Middle East in order to reduce the overall production cost.
Asia Pacific was the largest consumer of benzene & its derivatives and this trend is anticipated to remain same in the next few years. Consumption patterns in Asia Pacific are showing upward trend owing to shift of manufacturing facilities to China and India due to availability of cheap labour and raw material. China and Japan were largest consumer of benzene in this region while, South Korea and India are expected to grow at a higher pace. Rising demand from automobile, coatings, textiles and other industries is expected to drive the benzene & its derivatives market in Asia Pacific. In addition, increasing production capacities in specialty chemicals are expected to fuel the market growth. Consumption for benzene & its derivatives in rest of the world was low but it is expected to grow at a moderate pace followed by Asia Pacific. North America is expected to grow at a substantial rate owing to demand from construction and textiles industry. Demand from Europe was low comparatively and is expected to remain same in the near future owing to stringent environmental regulations.
Benzene & its derivatives are subjected to risk of volatility in supply and price of crude oil. Ethylbenzene has adverse effect on human body if exposed to it for longer duration. Its traces are found in soil and air which compells environmental regulatory agencies to implement stringent regulations on usage of ethylbenzene in end products. Existing and upcoming regulations regarding use of benzene & its derivatives in end products is expected to hamper the market growth. Rising investments in downstream industries in Middle East are expected to provide immense opportunities for benzene & its derivatives market in the near future. Due to proximity to raw material, multinational companies are investing in Middle East in order to reduce the overall production cost.
Asia Pacific was the largest consumer of benzene & its derivatives and this trend is anticipated to remain same in the next few years. Consumption patterns in Asia Pacific are showing upward trend owing to shift of manufacturing facilities to China and India due to availability of cheap labour and raw material. China and Japan were largest consumer of benzene in this region while, South Korea and India are expected to grow at a higher pace. Rising demand from automobile, coatings, textiles and other industries is expected to drive the benzene & its derivatives market in Asia Pacific. In addition, increasing production capacities in specialty chemicals are expected to fuel the market growth. Consumption for benzene & its derivatives in rest of the world was low but it is expected to grow at a moderate pace followed by Asia Pacific. North America is expected to grow at a substantial rate owing to demand from construction and textiles industry. Demand from Europe was low comparatively and is expected to remain same in the near future owing to stringent environmental regulations.
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This research report
analyzes this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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