London, UK (PRWEB) August 03, 2015
The synthetic rubber industry is recognized as the largest consumer of benzene. Benzene is processed to get such derivatives as ethylbenzene, a precursor to styrene, used to make styrene-butadiene resins, styrene butadiene latex, etc. Ethylbenzene derivatives are principally used within the automotive industry for the production of tyres and other components. Thus, growth in the automotive industry is the key driver of the benzene market. Cyclohexane, cumene and nitrobenzene are other derivatives of benzene, which are primarily utilised for making nylon fibers, protective coatings and detergents, respectively.
The worldwide benzene market is expected to surpass the 46 million metric tons (MMT) mark by 2020-end owing to continuously rising demand from various industries utilising benzene derivatives in their production processes. Shale gas development in the USA has increased ethane availability, which is a light feedstock utilised for cracking. The use of lighter feedstock is restraining the yield of benzene and resulting in a tight supply/demand scenario in the worldwide market, owing to which the market has become extremely competitive and all leading players are making investments in research & development to boost the product’s quality and characteristics. The top players active in the worldwide benzene market comprise Shell Chemicals, Sinopec Corporation and ExxonMobil, among others. Geography-wise, APAC is projected to take the lead in the global benzene market up to 2020 as most benzene derivative producers mull over shifting their manufacturing bases to developing nations in the region.
The new report, “Global Benzene Market Forecast and Opportunities, 2020” prepared by TechSci Research, is now available at MarketPublishers.com.
Title: Global Benzene Market Forecast and Opportunities, 2020
Published: July, 2015
Price: US$ 3,700.00
The research publication provides a deep, unbiased analysis of the benzene market on a worldwide scale. It provides accurate market size data and detailed forecasts (by value and volume) and also market share figures plus forecasts (by feedstock, derivative, company and region). For each of the regions mentioned in the report, data on the market size plus forecasts (by value and volume) and also market share and forecasts (by derivative and region) are provided. The study limelights the major market challenges and driving forces, reviews the most recent trends and developments in the industry. Additionally, the research report canvasses the competitive scenario alongside providing a discussion of the 20 leading companies. Essential strategic recommendations are also available in the study.
Reasons to Buy:
- Gain a more refined understanding of the world’s benzene market.
- Identify the actual trends and discover the expected growth prospects of the industry in years to come.
- Find out how to align your market-centric strategies.
- Gain insights into the market drivers, challenges, key trends and opportunities.
- Make the timely, correct decisions based on top-level market research data.
- Evaluate the competition in the benzene market and get information on the leading market players.
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More topical reports by the publisher can be found at TechSci Research page.