Benzene Market Growth Drivers, Forecast and Key Vendor Analysis to 2019

Benzene is a hydrocarbon that contains six carbon and six hydrogen atoms. Benzene is one of the constituents of crude oil. Its chemical structure is cyclic with atoms joined by continuous pi-bonds. It is a colourless, highly flammable liquid with a sweet odour. It is primarily used as a precursor to heavy chemicals such as ethylbenzene and cumene. It is an important additive to gasoline as its high octane number improves the anti-knocking characteristics of gasoline. Carcinogenity of benzene is the primary reason for it not being used for non-industrial purposes. Several other chemicals are also manufactured using benzene, including:

  • Cyclohexane
  • Nitrobenzene
  • LAB
  • Maleic Anhydride
  • Naphthalene
  • Chlorobenzene
  • BHC

Analysts forecast the Global Benzene Market to grow at a CAGR of 4.68 percent over the period 2014-2019.

The Global Benzene Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Benzene market forecast and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key Vendors

  • BASF
  • BP
  • China National Petroleum Corporation
  • Exxon Mobil
  • Reliance Industries
  • Shell Global

Other Prominent Vendors

  • Amreya Petroleum Refining
  • Chevron Phillips Chemical
  • DynaChem
  • Flint Hills Resources
  • Fujian Refining & Petrochemical
  • GFS Chemicals
  • Indian Oil
  • Jx Holdings
  • PetroChina Fushun Petrochemical
  • Qatar Petroleum
  • Saudi Basic Industries
  • Sinopec
  • Sunoco Chemicals
  • The Dow Chemical Company

Market Driver

  • Growing Demand of Paraxylene, Ethylene, and Gasoline

Market Challenge

  • Instability in Crude Oil Prices

Market Trend

  • Decrease in Demand from Developed Countries

Key Questions Answered in this Report

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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