Benzene Market to Gain High Usage in Rubbers, Lubricants and Pesticides Applications till 2025 “Benzene is a basic petrochemical that is obtained as a byproduct during production of ethylene and propylene. Steam cracking of naphtha followed by its extractive distillation is a conventional route for producing benzene. Benzene is also produced from hydroalkylation of toluene.�
Global Benzene Market is segmented on the basis of derivatives, application and geography. Benzene is a basic petrochemical that is obtained as a by-product during production of ethylene and propylene. Steam cracking of naphtha followed by its extractive distillation is a conventional route for producing benzene. Benzene is also produced from hydroalkylation of toluene. Synthetic rubber industry is the largest consumer of benzene, wherein it is processed for producing derivatives such as ethylbenzene, a precursor to styrene used to manufacture Styrene-Butadiene Resins (SBR), Styrene Butadiene Latex (SB Latex), etc. Benzene is a hydrocarbon that contains six carbon and six hydrogen atoms. Benzene is one of the constituents of crude oil. Its chemical structure is cyclic with atoms joined by continuous pi-bonds. It is a colourless, highly flammable liquid with a sweet odour. It is basically used as a predecessor to heavy chemicals such as ethylbenzene and cumene. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/benzene-market Thus, it is an essential chemical to gasoline as its high octane number enhance the anti-knocking characteristics of gasoline. Hence, benzene being carcinogenicin nature is thus not used for non-industrial purposes. Globally, the benzene market rapidly increasing due to the rapid growth in automotive industry, heavy demand for ethylene and paraxylene and gasoline has increased direct supply of benzene. The benzene market is therefore expected to grow during the forecast period. On the basis of derivatives, the benzene industry is segmented into alkylbenzene, chlorobenzene, aniline, cumene, cyclohexane, ethylbenzene, maleic anhydride, and nitrobenzene and so on.