Dublin, July 16, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/swwgjv/benzene_market) has announced the addition of the "Benzene Market & Its Derivatives (Ethylbenzene, Cumene, Cyclohexane, Nitrobenzene, and Alkylbenzene) Market by Application & Geography - Trends and Forecasts to 2018" report to their offering.
The benzene market, along with its various derivatives, has witnessed a significant growth in the recent years and this growth is estimated to persist in the coming years.
Benzene is a key building block to manufacture various chemicals such as ethylbenzene, cyclohexane, cumene, nitrobenzene, and alkylbenzene that are further used by a wide range of end-user industries such as building and construction, textile, transportation, and electrical and electronics.
Currently, the Asia-Pacific is the largest consumer of benzene and all of its downstream derivatives, which consumed more than 45.0% of the total consumption in 2012. Among all the countries, China dominates the benzene market, which consumed the maximum volume of benzene in 2012. The market volume of benzene and its various derivatives is comparatively low in the ROW region, but is expected show the highest CAGR from 2013 to 2018, followed by the Asia-Pacific.
The overall benzene demand is driven by the producers of ethylbenzene, cyclohexane, and cumene consuming almost 82.0% of the total demand in 2012. Cumene manufacturing segment is expected to be the strongest growth segment of benzene which is primarily driven by growing demand for phenol and acetone. The budding construction and automotive industry is pushing the demand for styrenic polymers, which, is driving the demand for ethylbenzene at a notable pace.
Among all the benzene derivatives, ethylbenzene led the market with the highest consumption of about 21.9 million tons in 2012. After, ethylbenzene, were cumene and cyclohexane producers with the consumption volume of about 7.8 million tons and 5.4 million tons respectively in 2012.
The major manufacturers of benzene include China Petroleum & Chemical Corporation (Sinopec, China), Exxon Mobil Corporation (U.S.), Royal Dutch Shell Plc. (The Netherlands), The Dow Chemical Company (U.S.), JX Holdings Inc. (Japan), China National Petroleum Corporation (China), Total S.A. (France), Saudi Basic Industries Corporation (Saudi Arabia), BP Plc (U.K), and BASF SE (Germany).
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Benzene Market
6 Benzene Derivatives Market
7 Competitive Landscape
8 Company Profiles
- BASF SE
- BP Plc
- China National Petroleum Corporation
- Exxon Mobil Corporation
- Jx Holdings Inc.
- Royal Dutch Shell Plc
- Saudi Basic Industries Corporation
- The Dow Chemical Company
- Total S.A.
For more information visit http://www.researchandmarkets.com/research/swwgjv/benzene_market
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Source:Research and Markets