Lucintel Forecasts Ethylbenzene Market to Reach $XX Billion by 2028

Market-Research

According to the recent study the ethylbenzene market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 3% to 5% from 2023 to 2028. Growth in this market is primarily driven by increasing applications in styrene production, increase in the need for plastic polymers and synthetic rubbers, and expansion of the petrochemical industry.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in ethylbenzene market by application (styrene, gasoline, diethylbenzene, natural gas, paint, and asphalt & naphtha), end use industry (packaging, electronics, construction, automotive, agriculture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Styrene market is expected to remain the largest segment during the forecast period.”

Based on application, the ethylbenzene market is segmented into styrene, gasoline, diethylbenzene, natural gas, paint, and asphalt & naphtha. Lucintel forecasts that the styrene market is expected to remain the largest segment due to the rising application of various styrene-based polymer, elastomers, and resins in different end user industries, such as electronics, packaging, agriculture, petrochemicals, and construction.

“Within the ethylbenzene market, the construction segment is expected to remain the largest end use industry”

Based on end use industry the construction segment is expected to witness the highest growth over the forecast period due to an increase in the demand for various construction materials, including styrene acrylic emulsions, acrylonitrile-butadiene-styrene, styrene-acrylonitrile resins, and other materials.

“Asia pacific will dominate the ethylbenzene market in near future”

APAC will remain the largest region over the forecast period due to the growing construction and packaging industries, and increasing application of ethylbenzene as solvent and reagents in paints and coatings, dyes, perfumes, inks, and synthetic rubber in countries, such as China, India, and Japan.

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Major players of ethylbenzene market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. HIS, International Finance Corporation, 3E, CMO Software, Enablon North America Corporation, LyondellBasell Industries, Chevron Phillips Chemical, INEOS, Honeywell International, and Dow are among the major ethylbenzene providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/ethylbenzene-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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