Main Content start here
Main Layout
Report Description

Report Description

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. Ethylbenzene derivatives are majorly used across automotive industry for manufacturing tyres and other components. Hence, growth in automotive industry is the prime driver for benzene market. Cumene, cyclohexane and nitrobenzene are other derivatives of benzene, which are used mainly for the manufacturing of protective coatings, nylon fibers and detergents, respectively. 

According to “Global Benzene Market Forecast & Opportunities, 2020”, global benzene market is expected to surpass 46MMT by 2020 on account of continuously increasing demand from various industries using benzene derivatives in their manufacturing processes. Shale gas evolution in the US has increased the availability of ethane, which is a light feedstock used for cracking process. The use of lighter feedstock is hampering the yield of benzene and leading to a tight demand/supply scenario in the global market, due to which the market has become highly competitive and all major players are investing in R&D to improve the quality and properties of the product. The major players operating in global benzene market include ExxonMobil, Shell Chemicals, and Sinopec Corporation, among others. Region-wise, Asia-Pacific is expected to dominate global benzene market through 2020 as majority of benzene derivative manufacturers plan on shifting their production base to developing countries in this region. “Global Benzene Market Forecast & Opportunities, 2020” elaborates the following aspects related to global benzene market:
  • Global Benzene Market Size, Share & Forecast
  • Segmental Analysis – By Feedstock, By Derivative, By Company
  • Regional Analysis – Asia-Pacific, Europe, North America, MEA, South America
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
  • To gain an in-depth understanding of global benzene market
  • To identify the on-going trends and anticipated growth in the next five years
  • To help industry consultants, hardware equipment manufacturers, vendors and dealers align their market-centric strategies
  • To obtain research based business decisions and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players
  • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs           
Report Methodology 

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with benzene producers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.
Table of content

Table of content

1.     Research Methodology

2.     Analyst View

3.     Product Overview

4.     Global Benzene Market Outlook

4.1.   Market Size & Forecast

4.1.1. By Value

4.1.2. By Volume

4.2.   Market Share & Forecast

4.2.1. By Feedstock

4.2.2. By Derivative (Ethylbenzene, Cumene, Cyclohexane, Nitrobenzene)

4.2.3. By Region

4.2.4. By Company

5.     Asia-Pacific Benzene Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2.   Market Share & Forecast

5.2.1. By Derivative

5.2.2. By Country

6.     Europe Benzene Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2.   Market Share & Forecast

6.2.1. By Derivative

6.2.2. By Region

7.     North America Benzene Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2.   Market Share & Forecast

7.2.1. By Derivative

7.2.2. By Country

8.     Middle East Benzene Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2.   Market Share & Forecast

8.2.1. By Derivative

8.2.2. By Region

9.     South America Benzene Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value

9.1.2. By Volume

9.2.   Market Share & Forecast

9.2.1. By Derivative

9.2.2. By Country

10.  Market Dynamics

10.1.Drivers

10.2.Challenges

11.  Market Trends & Developments

11.1.Investments in Biomass-Derived Benzene

11.2.Increasing Naphtha Cracking Capacity

11.3.Feed Stock Shift

11.4.Verbund Capabilities

11.5.Strong Investment Growth in Global Tyre Industry

11.6.On-purpose Benzene Production

11.7.Development of New Technology

11.8.Benzene Application in Nanotechnology

12.  Competitive Landscape

12.1.Exxon Mobil Corporation (NYSE: XOM)

12.2.Royal Dutch Shell PLC (NYSE: RDS.B)

12.3.Sinopec Corporation (HKSE: 0386.HK)

12.4.Total S.A. (EPA: FP)

12.5.JX Holdings Inc. (JP: 5020)

12.6.Mitsubishi Corporation (TYO: 8058)

12.7.Maruzen Petrochemical Co., Ltd.

12.8.SK Global Chemical Co. Ltd.

12.9.Chevron Phillips Chemical Company LP

12.10.  The Dow Chemical Company (NYSE: DOW)

12.11.  Saudi Basic Industries Corp. (SSE: TASI)

12.12.  Reliance Industries Limited (NSE: RELIANCE)

12.13.  PetroChina Company Ltd. (NYSE: PTR)

12.14.  LG Chem, Ltd. (KSE: LG Chem)

12.15.  LyondellBasell Industries NV (NYSE: LYB)

12.16.  Ineos Group

12.17.  BASF SE (Frankfurt:BAS)

12.18.  Braskem SE (NYSE:BAK)

12.19.  CPC Corporation

12.20.  Evonik Industries AG (FWB: EVK)

13.  Strategic Recommendations


Figures and Tables

List of Figures

 

Figure 1: Global Benzene Market Size, By Value (USD Billion), By Volume (Million Metric Tons), 2010-2020F

Figure 2: Global Tyre Production, By Volume, 2010-2013 (Thousand Tons)

Figure 3: Global Vehicle Production, By Volume, 2010-2014 (Million Units)

Figure 4: Global Benzene Average Selling Price (ASP), 2010-2014 (USD/Ton)

Figure 5: Global Benzene Market Share, By Feedstock, By Volume, 2010-2020F

Figure 6: Global Benzene Market Share, By Derivative, By Volume, 2010-2020F

Figure 7: Global Plastics Production, By Volume, 2008-2013 (Million Metric Tons)

Figure 8: Global Staple Synthetic Fibers Production, By Volume, 2008-2013 (Million Metric Tons)

Figure 9: Global Rubber Processing Chemicals Consumption, By Volume, 2009-2014 (Million Metric Tons)

Figure 10: Global Benzene Market Share, By Region, By Volume, 2010-2020F

Figure 11: Americas Benzene Market Share, By Region, By Volume, 2010-2020F

Figure 12: Europe Benzene Market Share, By Region, By Volume, 2014

Figure 13: Global Benzene Trade Flow, 2014

Figure 14:Global Benzene Market Share, By Company, By Volume, 2010-2020F

Figure 15: APAC Benzene Market Size, By Value (USD Billion), By Volume (Million Metric Tons), 2010-2020F

Figure 16: APAC Benzene Market Share, By Derivative, By Volume, 2010-2020F

Figure 17: China Tyre Production, By Volume, 2010-2013 (Ten Thousand Tons)

Figure 18: APAC Polyurethane Production, By Volume, 2011-2014 (Thousand Metric Tons)

Figure 19: APAC Benzene Market Share, By Country, By Volume, 2010-2020F

Figure 20: Asia-Pacific Synthetic Rubber Production & Consumption, By Volume (Thousand Metric Tons), 2013 & 2014

Figure 21: APAC Synthetic Rubber Production, By Country, By Volume, 2013 (Thousand Metric Tons)

Figure 22: Asia and Oceania Tyre Production, By Volume, 2010-2013 (Ten Thousand Tons)

Figure 23: China Benzene Production, 2010-2014 (Thousand Metric Tons)

Figure 24: China Benzene Imports, 2010-2014 (Thousand Metric Tons)

Figure 25: China Benzene Exports, 2010-2014(Thousand Metric Tons)

Figure 26: Japan Benzene Production, 2010-2014 (Thousand Metric Tons)

Figure 27: Japan Benzene Imports, 2010-2014 (Thousand Metric Tons)

Figure 28: Japan Benzene Exports, 2010-2014 (Thousand Metric Tons)

Figure 29: South Korea Benzene Production, 2010-2014 (Thousand Metric Tons)

Figure 30: South Korea Benzene Imports, 2010-2014 (Thousand Metric Tons)

Figure 31: South Korea Benzene Exports, 2010-2014 (Thousand Metric Tons)

Figure 32: Taiwan Benzene Production, 2010-2014 (Thousand Metric Tons)

Figure 33: Singapore Benzene Imports, 2010-2014 (Thousand Metric Tons)

Figure 34: Singapore Benzene Exports, 2010-2014 (Thousand Metric Tons)

Figure 35: India Benzene Production, 2010-2014 (Thousand Metric Tons)

Figure 36: Europe Benzene Market Size, By Value (USD Billion), By Volume (Million Metric Tons), 2010-2020F

Figure 37: Europe Benzene Market Share, By Derivative, By Volume, 2010-2020F

Figure 38: Europe Passenger Car & Commercial Vehicle Production, By Volume, 2010-2013 (Million Units)

Figure 39: Europe Tyre Production, By Volume, 2010-2013 (Thousand Metric Tons)

Figure 40: Europe SBR Market Size, By Volume, 2010-2014 (Thousand Metric Tons)

Figure 41: Europe Benzene Market Share, By Region, By Volume, 2010-2020F

Figure 42: North America Benzene Market Size, By Value (USD Billion), By Volume (Million Metric Tons), 2010-2020F

Figure 43: North America Steam Cracker Feedstock Share, By Volume, 2013

Figure 44: North America Ethylene Production, By Volume, 2010-2014 (Million Metric Tons)

Figure 45: US Ethane/NGL Transmission Pipeline Infrastructure

Figure 46: Americas Synthetic Rubber Production & Consumption, By Volume, 2013-14 (Thousand Metric Tons)

Figure 47: North America Vehicle Production, By Volume, 2011-2014 (Million Units)

Figure 48: North America Benzene Market Share, By Derivative, By Volume, 2010-2020F

Figure 49: North America Passenger Car & Commercial Vehicle Production, By Volume, 2013 & 2014 (Million Units)

Figure 50: Americas Tyre Production, By Volume, 2010-2013 (Thousand Metric Tons)

Figure 51: North America Benzene Market Share, By Country, By Volume, 2010-2020F

Figure 52: Canada Passenger Car & Commercial Vehicle Production, By Volume, 2013 & 2014 (Million Units)

Figure 53: Mexico Passenger Car & Commercial Vehicle Production, By Volume, 2013 & 2014 (Million Units)

Figure 54: MEA Benzene Market Size, By Value (USD Billion), By Volume (Million Metric Tons), 2010-2020F

Figure 55: MEA Benzene Market Share, By Derivative, By Volume, 2010-2020F

Figure 56: MEA Benzene Market Share, By Country, By Volume, 2010-2020F

Figure 57: South America Benzene Market Size, By Value (USD Billion), By Volume (Million Metric Tons), 2010-2020F

Figure 58: South America Benzene Market Share, By Country, By Volume, 2014

Figure 59: South America Benzene Market Share, By Derivative, By Volume, 2010-2020F

Figure 60: South America Benzene Market Share, By Country, By Volume, 2010-2020F

Figure 61: Global Crude Oil Prices, 2010 & 2014 (USD/ bbl)

Figure 62: Global Natural Gas Prices, 2010 & 2014 (USD/ bbl)

 

List of Tables

 

Table 1: Benzene Properties

Table 2: Major Benzene Producers in the Middle East, By Capacity, 2014

Table 3: Major Global Benzene Manufacturers, By Production Capacity, 2014

Table 4: China Major SBR Producers, By Production Capacity, 2014

Table 5: South Korea Major Benzene Manufacturers, By Production Capacity, 2014

Table 6: Europe Major Benzene Producers, By Location

Table 7: Europe Benzene Production Plant Capacity Addition, By Company, By Location, 2015 

Table 8: Europe Major SBR Plants, By Capacity, 2013

Table 9: North America Upcoming Ethane Cracking Units, By Capacity & Location, 2014

Table 10: North America Major Benzene Distributors/ Producers, By Location, 2014

Table 11: North America Major SBR Producers, By Location

Table 12: MEA Major Benzene Producers, By Production Capacity

Table 13: MEA Major Benzene Producers, By Production Capacity Expansion

Table 14: Organizations with their Regulations for Carcinogenicity of Benzene

Table 15: US Naphtha Cracking Projects, By Capacity Additions, 2012-2017, (Million Metric Tons Per Annum)

Table 16: Global Tyre Manufacturers’ Expansion Plans, 2015
Frequently asked questions

Frequently asked questions

Related Reports