Fluctuating crude oil prices are also expected to restrain the market over the forecast period. It can be used in the manufacture of alkyd resins, which is used for paint and coatings production.
Maleic anhydride is an acid anhydride of maleic acid, colorless to white organic compound and versatile chemical intermediate which is used to produce 1,4-butanediol, tetrahydrofuran THF and gamma-butyrolactone GBL. LAB is a raw material used in the production of detergents.
Asia-Pacific is projected to continue dominating the market, followed by North America and Europe.
The production, consumption, revenue, shares in mill UDS, growth rate of benzene market during the forecast period of to is well explained. This can range from Single User only one person will have the right to read or access the reportor Department License up to 5 personsto Site License a group of persons based in the same company locationor Corporate License the entire company personnel based worldwide.
Technavio's analysts forecast the global linear alkyl benzene market to grow at a CAGR of 5. Innovative snow technology has been developed by key players of the industry, which represents economic and technological breakthrough in styrene production.
A small amount of benzene is used to make rubber, detergents, explosives, lubricants, dyes, drugs, and pesticides.
Asia Pacific is anticipated to witness massive ethyl benzene demand owing to increasing developmental activities in the emerging nations of the region such as India and China.
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered. Summary Table of Contents The report on global benzene market provides qualitative and quantitative analysis for the period of to Maleic anhydride is used as a one of the feedstock in the manufacturing of unsaturated polyester resins.
Ethyl benzene also serves as an intermediate in the production of numerous chemicals. Global Maleic Anhydride Market: Thus, rising concerns pertaining to depletion of crude oil is expected to challenge the growth of the maleic anhydride market over the forecast period. How can you avoid this from happening again?
It is used for manufacturing chemicals with a complex structure such as styrene and ethylbenzene. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. Asia-Pacific is also expected to register the highest growth during the period.
Moreover, rapidly increasing phenol consumption is expected to escalate the growth of benzene market in upcoming years. Segmentation On the basis of application, global maleic anhydride market is segmented as below: Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period, With increase in the trend, the factors affecting the trend are mentioned with perfect reasons.
Market players are also implementing certain promotional marketing strategies to penetrate untapped markets such as Middle East and African countries. One part is about its production and the other part is about its consumption.
Benzene is a large-volume commodity petrochemical that is primarily produced in oil refineries and steam crackers, or as a by-product of p-xylene production. Benzene is a liquid aromatic hydrocarbon with high flammable, volatile and toxic properties.
Further, demand for cumene is expected to grow at higher pace owing to increase in demand from specialty chemical production.
To provide country level analysis of the market for segment by application, product type and sub-segments. Consumer Product Safety Commission CPSC recommends ban of benzene in consumer products because it has linked with various health related issues such as cancer of the white blood cells, blood disorders and abnormalities of genetic material that may hamper the market growth.
Some of the characteristics of LAB are high light yield, high flash point, low radioactive impurities, and optimum optical transparency.Benzene And Its Derivatives Market Demand from Europe was low comparatively and is expected to remain same in the near future owing to stringent environmental regulations.
Benzene Derivatives Market. Benzene and Its Derivatives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, - Location: State Tower, 90 State Street, SuiteAlbany, Pyridine Market Overview: Global Pyridine Market was valued at $ million inand is expected to reach $ million byregistering a CAGR of % from to Pyridine is a heterocyclic organic compound, which is basic in nature with the chemical formula C5H5N.
The United States Benzene Market Research Report Forecast is a valuable source of insightful data for business strategists. It provides the Benzene industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable).
However, growth in the construction industry in developing countries is expected to increase the production of alkyd resins and 1,4-butandiol which in turn is expected to surge in demand for maleic anhydride over the forecast period.
The global ortho-nitro chloro benzene market is expected to witness a CAGR of % from to The growth in the market is mainly attributed to the increasing application of ortho-nitro chloro benzene across various end-use industries.
The Pure Benzene Market Report covers vital and needful information which explores the essential data,which is helpful For analysts, industry specialists and other key individuals to self-investigated the market condition.
The Report also provides the information of key players and forecast toDownload