Benzene and Its Derivatives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Benzene and Its Derivatives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

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. 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...