Benzene Market is used to produce several intermediates from its derivatives, including polystyrene- made from ethyl benzene, phenol-made from cymene, nylon-made from cyclohexane, and polyurethane-made from nitrobenzene derivatives. Alkyl benzene derivative is used to produce surfactants for manufacturing detergents. Cyclohexane derivative is an important raw material to produce nylon, which is used to manufacture textiles. Nitrobenzene ... Read more
Benzene Market include rapid increase in the use of insulation materials in construction activities, rising demand for textiles owing to expanding the population and increasing expenditure on food packaging and automobile manufacturing. Moreover, demand for benzene is predicted to witness a significant growth over the assessment period due to surging paints and coatings industry as cumene derivative is used in the manufacture of paints and ... Read more
According to MRFR analysis, by volume, the global benzene market was sized at 54,510-kilo tons in 2018 and is projected to grow at a moderate CAGR of 3.6% during the review period.
Benzene is a toxic, flammable, and volatile hydrocarbon. The most common route to produce benzene is by crude refining, or as a by-product of p-xylene production. This implies that benzene production is entirely dependent on crude oil refining processes. It ... Read more
According to the recent study the benzene market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by increasing demand in food & e-commerce applications and growing demand for the polystyrene & copolymers of styrene for the industrial processes involved in the ... Read more
