Aug 16, 2018   SOURCE: BusinessWire

The Global Market for Benzene 2016-2018 to 2024: Market Size, Demand Factors, Trends, Drivers, Restraints and Opportunities - ResearchAndMarkets.com

The "Benzene Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global benzene market to grow with a CAGR of 4.5% over the forecast period of 2018-2024.

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 Tire/Rubber Manufacturing, plastic, paint and coatings, printing and other industries.

In addition, the rapidly growing demand of Styrene or polystyrene which are the derivatives of benzene, are used in various end-use industries which is 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 ban of benzene in consumer products because it has linked with various health related issues such as cancer of the white blood cells, 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.

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Benzene Market Overview

4. Benzene Market Macro Indicator Analysis

5. Global Benzene Market by Derivatives

6. Global Benzene Market by Application

7. Global Benzene Market by Region 2018-2024

8. Company Profiles & Competitive Landscape

  • BASF
  • Reliance Industries Limited
  • The Dow Chemical Company
  • ExxonMobil
  • Shell
  • Royal Dutch Shell PLC
  • China National Petroleum Corporation
  • Total S.A.
  • Saudi Basic Industries Corporation

For more information about this report visit https://www.researchandmarkets.com/research/gwkdjz/the_global_market?w=4