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Benzene Global Market Report 2023 – By Manufacturing Process (Pyrolysis Steam Cracking of Naphtha, Catalytic Reforming of Naphtha, Toluene Hydrodealkylation, Toluene Disproportionation, From Biomass), By Derivative (Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Other Derivatives), By Application (Plastics, Resins, Synthetic Fibers, Rubber Lubricants) – Market Size, Trends, And Market Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : r1627 | Delivery Time: 2-3 business days | Format :


Benzene refers to an aromatic hydrocarbon produced from cracked gasoline. It is highly flammable and has a sweet odor. Benzene is manufactured naturally by volcanoes and forest fires.

The main manufacturing processes of benzene are pyrolysis steam cracking of naphtha, catalytic reforming of naphtha, toluene hydrodealkylation, toluene disproportionation, and biomass. toluene disproportionation to benzene from less valuable toluene. These are derived from ethylbenzene, cumene, alkylbenzene, aniline, chlorobenzene, cyclohexane, maleic anhydride, and other derivatives. Benzene is applied in plastics, resins, synthetic fibers, and rubber lubricants.

The benzene market research report is one of a series of new reports from The Business Research Company that provides benzene market statistics, including benzene industry global market size, regional shares, competitors with a benzene market share, detailed benzene market segments, market trends and opportunities, and any further data you may need to thrive in the benzene industry. This benzene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global benzene-petrochemicals market size will grow from $65.57 billion in 2021 to $71.79 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global benzene-petrochemicals market size is expected to grow to $73.03 billion in 2026 at a CAGR of 0.4%.

The increased use of styrene to drive the benzene market The benzene derivative ethylbenzene is majorly used in the manufacturing of styrene. Styrene is used in the production of various products, such as styrene-acrylonitrile (SAN), acrylonitrile-butadiene-styrene (ABS), polystyrene, styrene-butadiene elastomers, latexes, unsaturated polyester resins, among others. There is an increased demand for styrene-based polymers and copolymers in the automotive industry due to their lightweight nature. For instance, according to the American Chemistry Council (ACC), the fuel economy of a vehicle can improve by 6–8% by reducing the weight of a vehicle by 10%. Usage of plastics like styrene can reduce the weight of vehicles, thereby improving fuel economy. The use of styrene has also benefited manufacturers by reducing vehicle assembly time and costs. These advantages of the usage of styrene-based polymers and copolymers, especially in the automotive industry, are expected to contribute to the growth of the benzene market.

Stringent safety regulations associated with the manufacture and transportation of benzene were a significant market restraint. Benzene is highly inflammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Companies in this market should invest in equipment, technologies, and processes to limit the toxic levels and chemical concentrations as they may harm the environment and population. Humans, when exposed to benzene in the air for a certain amount of time, lose their lives. In order to provide a safe environment, government agencies limit the amount of benzene that can be released into the environment. For instance, the EPA (Environmental Protection Agency) has set the maximum permissible level of benzene in drinking water at 5 ppb (per billion parts of air). These regulations have increased the operating costs of companies in this industry, thus restricting their growth.

Many companies in the benzene market are focusing on research and developmental activities to discover new technologies and processes for the production of benzene. The technologies developed are expected to help curb environmental issues. For instance, Reliance Industries Limited entered into a joint venture with the Indian Institute of Petroleum (IIP), Dehradun, to develop a technology that restricts benzene content in the gasoline pool to address health and environmental concerns. The increase in such technological advances to reduce emissions will gain traction and contribute to the growth of the market.

in June 2020, Ineos, a UK-based chemicals company acquired chemical unit (aromatics and acetyls business) of BP plc for $5 billion along with its BP's Cooper River petrochemical plant in South Carolina among other facilities. This will enhance the production capacity of aromatics to cater to the market demand and enables operations synergies. BP plc is a UK-based oil and gas company.

Major players in the benzene market are Ameriya Oil Ref. Co., Angarsk Petrochemical, Alexandria National Refining, and Petrochemicals Company (ANRPC), Arsol Aromatics GmbH & Co. KG, Atyrau Oil & Gas, Azerkhimija, BASF SE, Borealis AG, Bp PLC., and Braskem.

The Asia-Pacific was the largest region in the benzene market in 2022. North America was the second-largest region in the global benzene-petrochemicals market. The regions covered in the global benzene-petrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the benzene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The benzene market consists of the sales of benzene used as an intermediary chemical in the production of plastics, resins, dyes, detergents, drugs, pesticides, nylons, and synthetic fibers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global benzene market is segmented -

1) By Manufacturing Process: Pyrolysis Steam Cracking of Naphtha, Catalytic Reforming of Naphtha, Toluene Hydrodealkylation, Toluene Disproportionation, From Biomass

2) By Derivative: Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Other Derivatives

3) By Application: Plastics, Resins, Synthetic Fibers, Rubber Lubricants

    Table Of Contents

    1. Executive Summary

    2. Benzene Market Characteristics

    3. Benzene Market – Macro Economic Scenario

    3.1 COVID-19 Impact On Benzene Market

    3.2 Ukraine-Russia War Impact On Benzene Market

    3.3 Impact Of High Inflation On Benzene Market

    4. Benzene Market Size And Growth

    4.1. Global Benzene Historic Market, 2017 - 2022, $ Billion

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

    4.2. Global Benzene Forecast Market, 2022- 2027F, 2032F, $ Billion

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. Benzene Market Segmentation

    5.1. Global Benzene Market, Segmentation By Manufacturing Process, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Pyrolysis Steam Cracking of Naphtha

    Catalytic Reforming of Naphtha

    Toluene Hydrodealkylation

    Toluene Disproportionation

    From Biomass

    5.2. Global Benzene Market, Segmentation By Derivative, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Ethylbenzene

    Cumene

    Alkylbenzene

    Aniline

    Chlorobenzene

    Cyclohexane

    Maleic Anhydride

    Other Derivatives

    5.3. Global Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Plastics

    Resins

    Synthetic Fibers

    Rubber Lubricants

    6. Benzene Market Regional And Country Analysis

    6.1. Global Benzene Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    6.2. Global Benzene Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    7. Asia-Pacific Benzene Market

    7.1. Asia-Pacific Benzene Market Overview

    7.2. Asia-Pacific Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    8. China Benzene Market

    8.1. China Benzene Market Overview

    8.2. China Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

    9. India Benzene Market

    9.1. India Benzene Market Overview

    9.2. India Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    10. Japan Benzene Market

    10.1. Japan Benzene Market Overview

    10.2. Japan Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    11. Australia Benzene Market

    11.1. Australia Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    12. Indonesia Benzene Market

    12.1. Indonesia Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    13. South Korea Benzene Market

    13.1. South Korea Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    14. Western Europe Benzene Market

    14.1. Western Europe Benzene Market Overview

    14.2. Western Europe Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    15. UK Benzene Market

    15.1. UK Benzene Market Overview

    15.2. UK Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    16. Germany Benzene Market

    16.1. Germany Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    17. France Benzene Market

    17.3. France Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    18. Eastern Europe Benzene Market

    18.1. Eastern Europe Benzene Market Overview

    18.2. Eastern Europe Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    19. Russia Benzene Market

    19.1. Russia Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    20. North America Benzene Market

    20.1. North America Benzene Market Overview

    20.2. North America Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    21. USA Benzene Market

    21.1. USA Benzene Market Overview

    21.2. USA Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    22. South America Benzene Market

    22.1. South America Benzene Market Overview

    22.2. South America Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    23. Brazil Benzene Market

    23.1. Brazil Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    24. Middle East Benzene Market

    24.1. Middle East Benzene Market Overview

    24.2. Middle East Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    25. Africa Benzene Market

    25.1. Africa Benzene Market Overview

    25.2. Africa Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    26. Benzene Market Competitive Landscape And Company Profiles

    26.1. Benzene Market Competitive Landscape

    26.2. Benzene Market Company Profiles

    26.2.1. Ameriya Oil Ref. Co.

    26.2.1.1. Overview

    26.2.1.2. Products and Services

    26.2.1.3. Strategy

    26.2.1.4. Financial Performance

    26.2.2. Angarsk Petrochemical

    26.2.2.1. Overview

    26.2.2.2. Products and Services

    26.2.2.3. Strategy

    26.2.2.4. Financial Performance

    26.2.3. Alexandria National Refining and Petrochemicals Company (ANRPC)

    26.2.3.1. Overview

    26.2.3.2. Products and Services

    26.2.3.3. Strategy

    26.2.3.4. Financial Performance

    26.2.4. Arsol Aromatics GmbH & Co. KG

    26.2.4.1. Overview

    26.2.4.2. Products and Services

    26.2.4.3. Strategy

    26.2.4.4. Financial Performance

    26.2.5. Atyrau Oil & Gas

    26.2.5.1. Overview

    26.2.5.2. Products and Services

    26.2.5.3. Strategy

    26.2.5.4. Financial Performance

    27. Key Mergers And Acquisitions In The Benzene Market

    28. Benzene Market Trends And Strategies

    29. Benzene Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
  • Table 3: Global Benzene Market, Segmentation By Manufacturing Process, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 4: Global Benzene Market, Segmentation By Derivative, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 5: Global Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 6: Global Benzene Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 7: Global Benzene Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 9: China, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 10: India, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 11: Japan, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 12: Australia, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 13: Indonesia, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 14: South Korea, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 15: Western Europe, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 16: UK, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 17: Germany, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 18: France, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 20: Russia, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 21: North America, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 22: USA, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 23: South America, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 24: Brazil, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 25: Middle East, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 26: Africa, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 27: Ameriya Oil Ref. Co. Financial Performance
  • Table 28: Angarsk Petrochemical Financial Performance
  • Table 29: Alexandria National Refining and Petrochemicals Company (ANRPC) Financial Performance
  • Table 30: Arsol Aromatics GmbH & Co. KG  Financial Performance
  • Table 31: Atyrau Oil & Gas Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 3: Global Benzene Market, Segmentation By Manufacturing Process, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 4: Global Benzene Market, Segmentation By Derivative, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 5: Global Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 6: Global Benzene Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 7: Global Benzene Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 9: China, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 10: India, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 11: Japan, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 12: Australia, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 14: South Korea, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 16: UK, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 17: Germany, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 18: France, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 20: Russia, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 21: North America, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 22: USA, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 23: South America, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 24: Brazil, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 25: Middle East, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 26: Africa, Benzene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 27: Ameriya Oil Ref. Co. Financial Performance
  • Figure 28: Angarsk Petrochemical Financial Performance
  • Figure 29: Alexandria National Refining and Petrochemicals Company (ANRPC) Financial Performance
  • Figure 30: Arsol Aromatics GmbH & Co. KG  Financial Performance
  • Figure 31: Atyrau Oil & Gas Financial Performance
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