Benzene And Methylebenzenes Market - Forecast(2021 - 2026)

Report Code: CMR 0816 Report Format: PDF + Excel (Delivery in 48 Hrs)

Benzene and Methylbenzenes Market Overview

Benzene and Methylbenzenes Market size is forecast to reach $30.34 billion by 2025 after growing at a CAGR of 5% during 2020-2025. Increased demand for Styrene polymers combined with high consumption of methylene diphenyl diisocyanate and phenol is expected to fuel the market over the forecast period. There is a rise in demand for methylbenzene due to its broader use in gasoline blends. Toluene serves as an octane booster and retains the fuel energy level.

Report Coverage

The report: “Benzene and Methylbenzenes Market- Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Benzene and Methylbenzenes industry.
By Derivative Type: Benzene Derivative (Alkyl Benzene, Cumene, Cyclohexane, Ethyl Benzene, Nitro Benzene, Aniline, Styrene, Phenol, Others), and Methylbenzenes (Toluene Diisocynate, Tri Nitro Toluene, Gasoline Additive, Solvents, Others).
By Application: Synthetic Fibers, Lubricants, Detergents, Chemical Intermediates, Pesticides, Rubber Manufacturing, Dyes, Drugs, Cosmetics and Others. 
By End Use: Automotive, Oil and Gas, Pharmaceutical, Building and Construction, Packaging Industry, Textile industry, Rubber Industry, Pharmaceuticals, and Others. 
By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • Asia-pacific dominates the Benzene and Methylbenzenes market owing to the rise in consumption due to end-users like electronics and home appliances, packaging and construction in China, India, and ASEAN countries.
  • The growth of these end-user industries, especially in emerging markets, like China, India is propelling the growth of styrene, which in turn is responsible for growth in usage of Benzene.
  • Get in-depth insights on your competitor performance market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 

By Type– Segment Analysis

Ethyl Benzene segment held the largest share in the Benzene and Methylbenzenes market in 2019. Ethylbenzene is mainly used in the manufacture of styrene. It is also used as a solvent as a part of asphalt and naphtha, and in petrol.  Laboratory studies have shown that ethylbenzene can be ototoxic with subacute exposure at relatively low levels of exposure, both in comparison to other aromatic hydrocarbons and to acceptable levels of exposure in the workplace. However, the global Ethylbenzene market is undergoing a transformation phase. Demand growth will continue in China and will be driven by new EB / SM capacity in the Middle East and North East Asia. Moreover, the Middle East will reach much of China's development at the expense of North America. 

By Application– Segment Analysis

Chemical Intermediates segment held the largest share in the Benzene and Methylbenzenes market in 2019. Chemical intermediate finds substantial use in the pharmaceutical industry, increasing the use of chemical intermediates in the manufacture of drugs increases consumer demand. The growth of the pharmaceutical industry is driven by medical innovation due to the growing prevalence of illness, medication availability, market awareness and supportive government policies. With advances in science and technology, innovation in the pharmaceutical industry is entering a new age in the production of medicines, resulting in reduced mortality. Chemical intermediates such as sodium ethoxide is used as a strong alkaline catalyst, reducing agent, and a coagulant for synthesizing various intermediate chemicals in drug manufacturing. The advances in medical science are expected to drive the pharmaceutical industry positively impacting the global chemical intermediate market.

By End Use – Segment Analysis

Automotive segment held the largest share in the Benzene and Methylbenzenes market in 2019 growing at a CAGR of 7%. As the economies are developing, people are spending more on automobiles. With the growth in vehicle production, demand for tires in the OEM market is expected to rise. There is a rise in demand for methylbenzene due to its broader use in gasoline blends. Methylbenzene serves as an octane booster and retains the fuel energy level. In addition, low sensitivity characteristics and high toluene octane levels make it suitable as a fuel in heavy-duty engines. In addition, toluene (in the form of benzene-toluene-xylene mixtures) is used in the blending of petrol and is developed as a by-product of the manufacture of styrene. It is expected to increase Benzene and Methylbenzenes demand during the forecast period. The most critical divisions of the automotive industry include commercial vehicles and passenger cars. China ranks among the world's largest automobile markets, in terms of both sales and production. Car sales in China first plunged in 2018; the market has not since recovered.  

Geography - Segment Analysis

Asia-Pacific (APAC) dominated the Benzene and Methylbenzenes market consisting share of 40% followed by North America and Europe. The growth in the region is supported by the automotive sector. The APAC has the greatest growth potential, with rising passenger mobility as well as a growing middle class and increased access to medical care, thus underscoring the urbanization trend, says the firm. Apart from Automotive, Increased demand for aromatics in the petrochemical industry for the production of synthetic fibers, elastomers, agrochemicals, dyes, nail paints are emerging factors that increase market growth. However, the change in the trend of the oil and gas industry towards lighter feed stocks, increased demand for methylbenzene substitutes and the discovery of shale gas as an alternative to natural gas are expected to impede the growth of the methylbenzene market. Furthermore, China is the leading producer and consumer of benzene in the region. This is due to improved living conditions, increased use of plastics in automotive applications, and increased use of polyurethane foams in the bedding and furniture industries. Other countries contributing to regional market growth include India, Japan, Taiwan, South Korea, and other South East Asian countries such as Thailand, Indonesia, and Malaysia. Amid COVID-19, the outlook for 2020 global automotive sales becomes more difficult. Currently the Benzene and Methylbenzenes industry has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In in turn has affected the demand and supply chain as well which has been restricting the growth in year 2020.  

Drivers –Benzene and Methylbenzenes market

Outstanding Properties of Benzene and Methylbenzenes and growth across end use industry will drive the market

The major amount of produced benzene is essentially used in the production of various chemicals and end use industries. In addition, the increasingly rising demand for Styrene or polystyrene, which are benzene derivatives, is used in various end-use industries which are likely to fuel the growth of the benzene industry. 

The production of synthetic rubber and polystyrene are the primary uses of Styrene. The growing use of polystyrene in food processing, construction and manufacturing for isolation and industrial purposes is expected to contribute to the growth of the benzene market over the forecast period.

Challenges – Benzene and Methylbenzenes market

Fluctuation in the price of raw material and its production can restrict the market growth

Benzene development is affected by several different factors, which vary from region to region. Since benzene is manufactured primarily as a co-product, its production is not driven by global demand for benzene, but rather by demand for petrochemicals. Production volumes from refineries through the refinery remained relatively poor in the midst of reduced run-time at refining facilities, although there was some turnaround in refining rates. A significant turnaround in a refinery with a large aromatic recovery unit would have an effect on production.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Benzene and Methylbenzenes market. In 2019 the Benzene and Methylbenzenes market has been consolidated by the top five players accounting for xx% of the share. Major players in the Benzene and Methylbenzenes market are Exxonmobil Corporation, Covestro AG, BP plc, LG Chem, BASF SE, and Others.
1. Benzene and Methylbenzenes Market - Market Overview
    1.1 Definition and Scope
2. Benzene and Methylbenzenes Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by Derivative Type
    2.3 Key trends by Application
    2.4 Key Trends by End Use
    2.5 Key trends by Geography 
3. Benzene and Methylbenzenes Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Benzene and Methylbenzenes Market - Startup companies Scenario Premium Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Benzene and Methylbenzenes Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis – Top 10 companies Investment
6. Benzene and Methylbenzenes Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Benzene and Methylbenzenes Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product Life Cycle
    7.4 Supplier and Distributor Analysis
8. Benzene and Methylbenzenes Market – By Derivative Type (Market Size - $Million)
    8.1 Benzene Derivative
        8.1.1 Alkyl Benzene
        8.1.2 Cumene
        8.1.3 Cyclohexane
        8.1.4 Ethyl Benzene
        8.1.5 Nitro Benzene
        8.1.6 Aniline
        8.1.7 Styrene
        8.1.8 Phenol
        8.1.9 Others
    8.2 Methylbenzenes Derivative
        8.2.1 Toluene Diisocynate
        8.2.2 Tri Nitro Toluene
        8.2.3 Gasoline Additive
        8.2.4 Solvents 
        8.2.5 Others
9. Benzene and Methylbenzenes Market – By Application (Market Size - $Million)
    9.1 Synthetic Fibers
    9.2 Lubricants
    9.3 Detergents
    9.4 Chemical Intermediates
    9.5 Pesticides
    9.6 Plastics
    9.7 Rubber Manufacturing
    9.8 Dyes
    9.9 Cosmetics
    9.10 Others
10. Benzene and Methylbenzenes Market – By End Use (Market Size - $Million)
    10.1 Automotive
    10.2 Oil and Gas 
    10.3 Pharmaceutical
    10.4 Building and Construction
    10.5 Packaging Industry
    10.6 Textile Industry
    10.7 Rubber Industry
    10.8 Pharmaceuticals
    10.9 Others
11. Benzene and Methylbenzenes Market - By Geography (Market Size - $Million)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 UK
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherland
        11.3.6 Spain
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia-Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 India
        11.4.4 South Korea
        11.4.5 Australia and New Zealand
        11.4.6 Rest of APAC
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 U.A.E
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Benzene and Methylbenzenes Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Benzene and Methylbenzenes Market – Industry/Segment Competition Landscape Premium 
    13.1 Market Share Analysis
        13.1.1 Market Share by Country - Top companies
        13.1.2 Market Share by Region - Top companies
        13.1.3 Market Share by type of Application - Top companies
        13.1.4 Market Share by type of Product / Product category- Top companies
        13.1.5 Market Share at global level - Top companies
        13.1.6 Best Practices for companies
14. Benzene and Methylbenzenes Market - List of Key Companies by Country Premium 
15. Benzene and Methylbenzenes Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
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