Ethyl Benzene Market Present Scenario and Growth Prospects 2018 to 2025
PUNE, India, August 27, 2018 /PRNewswire-iReach/ -- Global Ethyl Benzene Market Study 2018 to 2025
This market study describes the global Ethyl Benzene market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Poland, Czech Republic, Turkey, China, Japan, India, South Korea, Taiwan, Indonesia, Thailand, Malaysia, Singapore, Brazil, South Africa and Saudi Arabia.
The market is segmented mainly according to the applications such as Styrene, Anti knocking Agent, Diethyl benzene, Natural gas recovery, Solvent in paint, Asphalt & Naphtha constituent and others.
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Top Leading Companies are: INEOS Styrolution, LyondellBasell, Formosa Chemical & Fibre Corp. (FCFC), Oxy Chemical Corp, DowDuPont, Egyptian Petrochemical Company, AGC Chemicals, Bayer, NOVA Chemicals, Other Manufacturers, Etc.
The report provides answers to the following key questions:
- How big is the Ethyl Benzene market?
- How is the market evolving by demand, segment and region?
- What will the market size be in 2025 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Historical and future price trends for Ethyl Benzene.
This independent 150 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Ethyl Benzene market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.
Furthermore, the report provides a detailed analysis of the global Ethyl Benzene market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
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Ethylbenzene is made by alkylation of benzene with ethylene in the presence of alumina chloride or zeolite catalyst. It is a colourless liquid which is highly flammable and has sweet aroma similar to that of gasoline. Most important application of ethyl benzene is in the production of styrene monomer which is mainly consumed in production of plastics, on its own in homopolymers such as polystyrene (PS) and expandable polystyrene (EPS). It is also used in conjunction with other monomers in products such as styrene acrylonitrile resins (SAN), acrylonitrile butadiene styrene (ABS) and styrene butadiene rubber (SBR). Other use of ethylbenzene is in anti-knocking agents, diethyl benzene, and natural gas recovery. It is also used as solvent in paints.
Asia-pacific leads the ethyl benzene consumption due to strong styrene demand while Western Europe and North America together accounted for 35% of global ethylbenzene production. Asia-pacific is forecast to grow at much higher rate owing the significant growth in China which is estimated to be more than 8% annually. North America and Western Europe are not expected to witness significant growth.
Ethylbenzene production accounts for the largest chemical outlet for benzene globally. Almost all ethylbenzene is consumed in styrene production. The global ethylbenzene and styrene market is projected to grow at about 2% to 2.5% per year during the forecast period.
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