The new report by Expert Market Research titled, ‘Europe Benzene Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Europe benzene market, assessing the market based on its segments like derivatives, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view report summary: https://www.expertmarketresearch.com/reports/europe-benzene-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
In Europe, increasing demand from segments such as derivatives, styrene, and cumene is driving the benzene market. The growing demand for benzene is being fueled by the polyester industry, where styrene is widely used in the textile manufacturing process. Along with cumene, styrene is one of the most important derivatives segments in the world. Styrene is responsible for a large portion of the global benzene market. Cumene is a major benzene derivative that drives significant benzene demand, especially in the European Union. The European Union is also expected to increase capacity in the industry, especially in the caprolactam and phenolic resin segments.
Industry Definition and Major Segments
Benzene is primarily used as a feedstock or raw material for the production of ethylbenzene, cumene, and cyclohexane, among other industrial chemicals. In the chemical and pharmaceutical industries, benzene is also used as a solvent.
Explore the full report with the table of contents: https://www.expertmarketresearch.com/reports/europe-benzene-market
The derivatives of the product can be divided into the following:
Benzene finds its applications in the following segments:
The Regions for the Europe benzene market include:
The rising use of cumene in the phenol and acetone manufacturing processes is driving up demand for benzene. Cumene demand is being aided by the strong growth in the market for these two compounds. The expansion of capacity in the European Union is expected to help the benzene demand in Europe expand as well. The rising demand for benzene is being aided by the booming styrene industry, which is seeing strong demand from a variety of end-use sectors. Polystyrene, styrene-butadiene elastomers, latexes, acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) resins, and unsaturated polyester resins are among the items made from styrene. Textile, manufacturing, packaging, electronics, medical devices, and IT equipment are only a few of the industries that use styrene polymers.
The demand for ethylbenzene, which is commonly used as a solvent in fuels and as a chemical intermediate, is another major factor driving up benzene demand. Benzene is also used in the food and beverage industry for packaging. It is commonly used as a solvent in personal and home care products. The business is also benefiting from increased demand from the paints and coatings industry.
Key Market Players
The major players in the market are Dow Chemical Company, INEOS Group Holding S.A., LyondellBasell Industries Holdings B.V., BASF SE, Royal Dutch Shell Plc, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Latin America Waterproofing Market: https://www.expertmarketresearch.com/reports/latam-waterproofing-market
India Food Fortification Premix Market: https://www.expertmarketresearch.com/reports/india-food-fortification-premix-market
Europe Natural Sweeteners Market: https://www.expertmarketresearch.com/reports/natural-sweeteners-market-europe
Detergent Grade Enzymes Market: https://www.expertmarketresearch.com/reports/detergent-grade-enzymes-market
Sodium Chloride Market: https://www.expertmarketresearch.com/reports/sodium-chloride-market
Paper Cups Market: https://www.expertmarketresearch.com/reports/paper-cups-market
Kombucha Tea Market: https://www.expertmarketresearch.com/reports/kombucha-tea-market
Indian Facility Management Market: https://www.expertmarketresearch.com/reports/indian-facility-management-market
Power Cables Market: https://www.expertmarketresearch.com/reports/power-cables-market-report
Brazil Palm Oil Market: https://www.expertmarketresearch.com/reports/brazil-palm-oil-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.