(PRWEB) July 19, 2014 -- Ethylbenzene, also known as phenyl-ethane, is widely used as an intermediate for the production of styrene monomer. It is also used in the manufacturing of acetophenone, diethylbenzene, and ethylanthraquinone, as an anti-knock additive in fuels and gasoline. It is prepared by the dehydrogenation of napthenes, catalytic crystallization, and aromatization. It is a colorless liquid having a boiling point of 136.1oC and a melting point of -94.9oC. The global ethylbenzene industry is witnessing high growth on account of the growing end-user applications, technological advancements, and the growing demand in the Asia-Pacific region.
Browse through the market data tables, figures and detailed ToC on the “Ethylbenzene Market”.
North America Ethylbenzene Market
In 2012, with the consumption of around 83.1% of the regional demand, the U.S. was the leading consumer of ethylbenzene in North America, followed by Canada, consuming about 13.2 % of the regional demand during the same year. The North American ethylbenzene market was valued at about $ 6,425.4 million in 2012, and estimated to reach $9,101.8 million by 2018. The U.S. was the leading country in the region, projected to grow at a CAGR of 4.6% during the forecast period.
Europe Ethylbenzene Market
In 2012, ethylbenzene was consumed in Europe, with a projected demand growth of 2.4% during the period 2013 to 2018. The Netherlands was the leading consumer of ethylbenzene in the region, consuming about 28.7% of the total regional demand in 2012, with an expected demand growth of about 1.8% during the forecast period. Italy and Russia too were among the major consumers of ethylbenzene in the region. Russia is expected to be the fastest-growing ethylbenzene market in the region, projected to grow at a CAGR of 4.2% from 2013 to 2018. In 2012, the European ethylbenzene market was valued at about $7,376.4 million, and is expected to reach at $9,729.7 million by 2018.
Asia-Pacific Ethylbenzene Market
In the Asia-Pacific region, China and South Korea were the biggest consumers of ethylbenzene. In 2012, ethylbenzene was consumed in Asia-Pacific, with an anticipated demand growth of about 3.5% from 2013 to 2018. China was the leading consumer of ethylbenzene in the region, consuming about 33.9% of the total regional demand in 2012. Among the other key countries, Malaysia is expected to be the fastest-growing ethylbenzene market in the region, projected to grow at a CAGR of 5% from 2013 to 2018.
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