LONDON--(BUSINESS WIRE)--Nowadays, benzene and its derivatives find application in the production of a wide range of goods we use in everyday life. Due to benzene’s diverse usage profile, the demand for this product increases at a rate similar to GDP. Benzene is derived as a by-product in the production of ethylene, gasoline, paraxylene and coke.
Gasoline demand is expected to decline in the European and North American regions, it will likely have a negative influence on output volume of benzene produced from gasoline refineries. Moreover, ethylene producers in North America have reduced the amount of naphtha cracked to obtain ethylene in favour of cracking ethane; this will also hinder the further growth in the benzene production.
Fortunately, the benzene production in the Asian region is anticipated to continue growing at a high rate, especially in the Indian Subcontinent and Southeast Asia. The Asian region is likely to continue exports to Western Europe and North America for derivative production. Naphtha reforming is predicted to remain the key source of benzene supply in the region as Asia’s demand for gasoline is rising, and naphtha cracking is preferred over ethane cracking as the availability of ethane in the region is very limited. Strong demand for polyester will also drive the benzene production (as a by-product during production of paraxylene and mixed xylene) growth.
The cutting-edge insightful report “Benzene: 2016 World Market Outlook and Forecast up to 2020” recently published by Merchant Research & Consulting, Ltd. offers a detailed guide to the global benzene market landscape.
Title: Benzene: 2016 World Market Outlook and Forecast up to 2020
Published: September, 2016
Price: US$ 4,500.00
This research publication is a unique source of valuable trustworthy data on the performance (historical, present and forecast) of the world’s benzene market. It contains an all-round analysis of the major benzene market growth hinders and drivers, challenges and opportunities as well as prevailing and emerging trends. The report offers comprehensive analyses of various geographical markets (region- and country-wide) for benzene, investigates the competitive landscape and profiles top market participants. Updated benzene production and consumption statistics (global and by region) is provided in the report along with a look at the foreign trade and prices dynamics. Additionally, future forecasts through 2020 and info on top growth prospects are available in this report.
Many other research reports by the publisher are provided at the Merchant Research & Consulting website.