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Benzene and Its Derivatives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

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Transparency Market Research Reports included a detailed market survey and analysis trends on “Benzene and Its Derivatives Market�. This report also includes more info about basic overview of the industry including definitions, applications and global market industry structure. Benzene is an aromatic hydrocarbon extracted from crude oil. Major derivatives of benzene include cumene, ethylbenzene, alkylbenzene, nitrobenzene, cyclohaxane, chlorobenzene, phenol, aniline and toluene. Benzene & its derivatives are widely used as a feedstock in manufacturing of various chemicals. Browse Full Report with TOC: http://www.transparencymarketresearch.com/benzene-derivativesmarket.html Growing demand of styrene polymers from various industries such as automobiles, paints & coatings, foams and films is expected to drive the benzene & its derivatives market. As ethylbenzene is a major feedstock for styrene production, demand for styrene is expected to fuel growth of this market. Demand from automobiles, coatings & paints is raising owing to increasing population and disposable income in developing countries. Further, demand for cumene is expected to grow at higher pace owing to increase in demand from specialty chemical production. Cumene is used in manufacturing of acetone and phenols which are employed to manufacture phenolic resins, alkylphenols, bisphenol A,


caprolactam and other chemicals. Phenol demand is growing at a higher rate, which in turn is expected to boost consumption of cumene and subsequently of benzene. Phenolic resins, bisphenol A are raw materials for various markets such as foam, epoxy resins, polycarbonate, polyurethane among others.

Benzene & its derivatives are subjected to risk of volatility in supply and price of crude oil. Ethylbenzene has adverse effect on human body if exposed to it for longer duration. Its traces are found in soil and air which compells environmental regulatory agencies to implement stringent regulations on usage of ethylbenzene in end products. Existing and upcoming regulations regarding use of benzene & its derivatives in end products is expected to hamper the market growth. Rising investments in downstream industries in Middle East are expected to provide immense opportunities for benzene & its derivatives market in the near future. Due to proximity to raw material, multinational companies are investing in Middle East in order to reduce the overall production cost.

Asia Pacific was the largest consumer of benzene & its derivatives and this trend is anticipated to remain same in the next few years. Consumption patterns in Asia Pacific are showing upward trend owing to shift of manufacturing facilities to China and India due to availability of cheap labour and raw material. China and Japan were largest consumer of benzene in this region while, South Korea and India are expected to grow at a higher pace. Rising demand from automobile, coatings, textiles


and other industries is expected to drive the benzene & its derivatives market in Asia Pacific. In addition, increasing production capacities in specialty chemicals are expected to fuel the market growth. Consumption for benzene & its derivatives in rest of the world was low but it is expected to grow at a moderate pace followed by Asia Pacific. North America is expected to grow at a substantial rate owing to demand from construction and textiles industry. Demand from Europe was low comparatively and is expected to remain same in the near future owing to stringent environmental regulations.

Some of the key players in this market include ExxonMobil Corporation, Royal Dutch Shell Plc., JX Holdings, Dow Chemical Company, CNPC, China Petroleum & Chemical Corporation, Total S.A., BASF SE, Saudi Basic Industries Corporation and China National Petroleum Corporation among others. Enquiry before Buying @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2408 This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include


North America

Asia Pacific

Europe

Rest of the World

This report provides comprehensive analysis of 

Market growth drivers

Factors limiting market growth

Current market trends

Market structure

Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.


Reasons for Buying this Report 

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a technological growth map over time to understand the industry growth rate

It provides a seven-year forecast assessed on the basis of how the market is predicted to grow

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

More Reports On Chemical & Materials Market: http://www.transparencymarketresearch.com/chemical-market-reports-2.html About Us:Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.


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Benzene and its derivatives market global industry analysis, size, share, growth, trends and forecas