Global Benzene Market 2015-2019 - Growing Demand of Paraxylene, Ethylene, and Gasoline with BASF, BP, CNPC, Exxon Mobil, Reliance Industries & Shell Global Dominating
DUBLIN, Mar. 31, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/m4txhn/global_benzene) has announced the addition of the "Global Benzene Market 2015-2019" report to their offering.
The Global Benzene market to grow at a CAGR of 4.68% over the period 2014-2019
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 primarily used as a precursor to heavy chemicals such as ethylbenzene and cumene. It is an important additive to gasoline as its high octane number improves the anti-knocking characteristics of gasoline. Carcinogenity of benzene is the primary reason for it not being used for non-industrial purposes.
The rise of China as the leading market for benzene is a major trend in the Global Benzene market. As a result of the increased economic and industrial developments in China, the per capita income of the Chinese population has increased in recent years. The consumption of various major intermediates of benzene such as ethylbenzene, cumene, and cyclohexane has also increased.
According to the report, increased demand for paraxylene, ethylene, and gasoline is the major factor contributing to the growth of the market. Benzene is a by-product of refinery and steam cracker operations for the production of ethylene and paraxylene. Hence, the supply of benzene is directly dependent on the demand for paraxylene, ethylene, and gasoline.
Further, the report states that volatility in crude oil prices affects the profitability of benzene producers as benzene prices are directly related to international crude oil prices.
Several other chemicals are also manufactured using benzene, including:
- Cyclohexane
- Nitrobenzene
- LAB
- Maleic Anhydride
- Naphthalene
- Chlorobenzene
- BHC
Key Vendors
- BASF
- BP
- China National Petroleum Corporation
- Exxon Mobil
- Reliance Industries
- Shell Global
Other Prominent Vendors
- Amreya Petroleum Refining
- Chevron Phillips Chemical
- DynaChem
- Flint Hills Resources
- Fujian Refining & Petrochemical
- GFS Chemicals
- Indian Oil
- Jx Holdings
- PetroChina Fushun Petrochemical
- Qatar Petroleum
- Saudi Basic Industries
- Sinopec
- Sunoco Chemicals
- The Dow Chemical Company
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Benzene Manufacturing Processes
- Intermediates from Benzene and their End-products
- Market Segmentation by Intermediate Product
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/m4txhn/global_benzene
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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