Benzene Market Size, Share, Trends and Forecasts to 2020

Benzene Market Current Trends, Size, Share, Industry Analysis, Competitive

Intelligence, Growth, Opportunities and Forecasts To 2020

Benzene, an aromatic hydrocarbon, is extracted from crude oil through refinery processes. Most

common way of producing benzene is by steam cracking of naphtha, which is followed by its

extractive distillation. Another process is that of hydroalkylation of toluene. Benzene is a

colorless and highly flammable liquid.

Benzene is used to manufacture other chemicals like nitrobenzene, cumene, alkyl benzene,

cyclohexane, phenol, aniline, chlorobenzene, ethyl benzene, etc. Due to its high octane number,

benzene is a key additive to gasoline. Ethyl benzene derivatives are adopted in the manufacture

of tyres and other components in the automotive industry. Therefore, growth in automotive

sector has a positive impact on demand for benzene.

Ethyl benzene is an important feedstock for styrene. Growing styrene demand from consumers

like paint & coatings, and foams & films will fuel growth of the benzene market. Positive

outlook on other leading end-user industries like textiles, construction, and electrical &

electronics will also prove favorable. Cumene is used to make acetone and phenol. Phenol is a

chief raw material in the manufacture of foams, polycarbonate and epoxy resins. High

consumption of phenol and methylene diphenyl diisocyanate is another growth contributor.

Full Report Now Available For Radiant Insights Customer @

http://www.radiantinsights.com/research/global-and-chinese-benzene-industry-2015market-research-report

Volumes in the global and Chinese benzene industry are projected to exceed 45 million metric

tons by 2020. The estimated CAGR would be about 3% from 2016 to 2020. The market may be

restrained by concerns over adverse effects of benzene on environment and human health.

Stringent regulations in Europe and North America are inhibiting demand. Fluctuations in prices

of crude oil influence growth...