The global  Benzol Market  is forecast to reach USD 115.42 Billion by 2027, according to a new report by Reports and Data. Benzol is a commodity petrochemical and an aromatic hydrocarbon product. It is manufactured as a by-product in refineries and stream crackers.

The demand for the product is fueled by the supply and demand of other products derived from it. Benzol is used in several range of economic sectors such as construction, electrical & electronics, consumer products, pesticides, and construction.

The rapid growth of end-user industries has significantly driven the applications for the derivatives globally, thus influencing the market growth. Rise in population, coupled with the increase in disposable incomes, has led to the growth of several bulk materials and consumer products. Low price of the feedstock and economical commodity product prices have also contributed to the higher consumption of Benzol derivatives.Asia Pacific dominates the market for Benzol owing to the high rate of consumption in China. The country in the past few years has witnessed all the additional Benzol requirements despite a gradually slowing economy. Expansion of refinery capacity in China and large-scale p-xylene plants to feed the downstream petrochemical industry has propelled the demand in the country.

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 Key participants include Sinopec, BASF SE, Dow DuPont, Saudi Basic Industries Corporation, ExxonMobil Corporation, China National Petroleum Corporation, Royal Dutch Shell plc. JX Holdings, Bp Plc., and Borealis AG, among others.

For the purpose of this report, Reports and Data have segmented into the global Benzol market on the basis of derivative, manufacturing process, application, end-users, and region:

Derivative Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Cumene

Aniline

EthylBenzol

Cyclohexane

ChloroBenzol

Maleic Anhydride

AlkylBenzol

Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Catalytic Reforming

Toluene disproportionation

Toluene hydrodealkylation

Pyrolysis Steam Cracking of Naphtha

From Biomass

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Plastics

Solvent

Chemical Intermediates

Surfactants

Rubber Manufacturing

Detergents

Explosives

Lubricants

Pesticides

Others

End-Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Packaging

Pharmaceuticals

Agriculture

Constructions

Textiles

Others

To identify the key trends in the industry, click on the link below: @  www.reportsanddata.com/report-detail/Benzol-market

Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

North America

Europe

Asia Pacific

MEA

Latin America

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