May 21, 2020   SOURCE: BusinessWire

Global Benzene Market Forecast to 2028 - Trends, Analysis and Outlook by Intermediate Product and Geography - ResearchAndMarkets.com

The "Global Benzene Market Size Forecast to 2028 - Trends, Analysis and Outlook by Intermediate Product, and Geography" report has been added to ResearchAndMarkets.com's offering.

Key Insights from the Global Benzene Market

  • The Global Benzene market is valued at $90 billion in 2020.
  • Ethylbenzene remains the dominant intermediate product of Benzene.
  • North America is the largest user of Benzene.

The $90 billion Benzene industry presents strong investment and growth opportunities over the near to long term outlook period. The 2020 edition of the market report presents a comprehensive analysis of the global Benzene market from 2020 to 2028. This market research report presents detailed Benzene market analysis, and forecasts to 2028. Detailed insights into global and regional Benzene market statistics, Benzene companies and growth prospects across verticals are included.

Benzene Market Overview and Developments in 2020

The report presents a snapshot of recent market trends in the Benzene industry. Further, potential market drivers, major challenges, opportunities, major developments, competitive strategies, Porter's five forces analysis, and other analysis are included in the research.

Impact of COVID-19 on Global Benzene Market Revenue

The worldwide crisis of COVID-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of Benzene manufacturers and vendors. However, we expect the negative impact of COVID-19 on Benzene to be compensated over the medium to long term future.

Benzene Market Size and Outlook by Intermediate Product to 2028

This chapter presents an insight into different Benzene types and their contribution to global market growth. The growth in global Benzene market size is forecast to continue despite the economic challenges. The report forecasts the Benzene market revenue across different Intermediate Products, which include - Ethylbenzene, Cumene, Cyclohexane, Nitrobenzene, Linear alkylbenzene, Maleic Anhydride, and Others. Of these, Ethylbenzene dominates the global Benzene market.

Global Benzene Company Profiles

The report presents business profiles of major companies operating in the industry including BASF, BP, China National Petroleum Corporation, ExxonMobil Corporation, Royal Dutch Shell, Total.

The business overview, SWOT profile and product information are provided for all the companies.

The report identifies that the development of new applications and product portfolio is one of the key strategies to overcome identified challenges and for supporting continued growth. Manufacturing companies can also benefit from rising domestic demand in chemical end-use sectors. The majority of the companies are realigning their strategies to orient their business operations to changing market volatility, regulatory policy changes, geopolitical issues, changing end-user preferences, and others.

Scope of the Research

  • Global and regional Benzene Market Size estimates in revenue terms from 2019 to 2028.
  • Segmentation analysis across types, applications, and geographies.
  • Strategic analysis through trends, drivers, challenges, opportunities, Porter's five forces analysis.
  • Market Developments including M&A, new product development, and competitive analysis.
  • Potential strategies of leading companies.

For more information about this report visit https://www.researchandmarkets.com/r/9ifi5i.