The Benzene Market is likely to be driven by factors such as rising oil and gas exploration activities, rising building expenditure, high demand for polyester fiber, increasing domestic cleaning product use, and fast urbanization.
JERSEY CITY, N.J., June 9, 2022 /PRNewswire/ — Verified Market Research recently published a report, “Benzene Market” By Derivative (Ethyl Benzene, Aniline, Phenol), and By Geography. According to Verified Market Research, the Benzene Market size was valued at USD 24.1 Billion in 2021 and is projected to reach USD 37.2 Billion by 2030, growing at a CAGR of 5.60% from 2022 to 2030.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=30415
Browse in-depth TOC on “Benzene Market”
202 – Pages
126 – Tables
37 – Figures
Global Benzene Market Overview
The rise in disposable income acts as a primary growth driver in the Global Benzene Market. Benzene is an aromatic hydrocarbon that is combustible. Benzene is very flammable and readily dissipates into the atmosphere. Volcanoes and forest fires, for example, naturally contaminate the air with benzene. Paints, furniture wax, glues, and detergents are all common sources of benzene in an interior environment. It is primarily utilized in the production of polystyrene as well as the preparation of phenol and aniline. Plastics, gasoline, synthetic rubbers, industrial solvents, and colors all contain benzene.
Benzene is extremely poisonous and carcinogenic. The market is likely to be driven by factors such as rising oil and gas exploration activities, rising building expenditure, high demand for polyester fiber, increasing domestic cleaning product use, and fast urbanization. However, the industry’s expansion would be hampered by strict environmental laws and raw material price instability. On the major restrain of this market is that individuals can be harmed by benzene exposure in a variety of ways.
In January 2022, Royal Dutch Shell Plc announced that they changed their name from Royal Dutch Shell plc to Shell plc.
In March 2018, Total S.A had announced that they Completes the Acquisition of Maersk Oil.
The major players in the market are China Petroleum & Chemical Corporation, SABIC, Royal Dutch Shell Plc, Exxon Mobil Corporation, Dow, Total S.A, Saudi Basic Industries Corporation, BP Plc, BASF SE, JX Holdings Inc, and others.
Verified Market Research has segmented the Global Benzene Market On the basis of Derivative, and Geography.
Benzene Market, By Derivative
Benzene Market, by Geography
Browse Related Reports:
2-Ethoxyethanol Market By Product (Industrial Grade, Experimental Class), By Application (Dispersant, Lubricant), By Geography, Forecast, 2021-2028
Metallic Pigments Market By Type (Copper, Aluminum, Bronze), By Application (Paints & Coatings, Printing Inks, Cosmetics & Personal Care), By Geography, Forecast, 2021-2028
Styrenic Polymers Market By Product (Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Expanded Polystyrene (EPS)), By Application (Building and construction, Automotive industry, Packaging), By Geography, Forecast, 2021-2028
PNCB (P-Nitrochlorobenzene) Market By Product (Solid, Liquid), By Application (Dye, Pesticide, Medicine, Rubber Industry), By Geography, Forecast, 2021-2028
Top 10 3D Printing Material Companies – Manufacturing made simpler
Visualize Benzene Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Follow Us: LinkedIn | Twitter
View original content:https://www.prnewswire.com/news-releases/benzene-market-size-worth–37-2-billion-globally-by-2030-at-5-60-cagr-verified-market-research-301564959.html
SOURCE Verified Market Research