3/2/2018 Benzene - Study: Market, Analysis, Trends 2021 | Ceresana

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Market Study: Benzene (2nd edition)

https://www.ceresana.com/en/market-studies/chemicals/benzene/ 1/4
3/2/2018 Benzene - Study: Market, Analysis, Trends 2021 | Ceresana

Introduction

Table of Contents

List of Graphs

Lists of Tables

Introduction
Share

The market research institute Ceresana expects a further continuous increase of global demand for benzene. Until 2021,
market volume will rise by more than 7 million tonnes; revenues generated with benzene are projected to amount to more
than US$69 billion that year. Massive capacity expansions planned by manufacturers of benzene and its downstream
products in the Middle East/Africa and Asia-Pacific are of crucial importance for the development of the global market for
benzene.

More Benzene from the Middle East and Africa

Benzene producers in the Middle East and Africa are likely to significantly increase their share of worldwide benzene
production. Ceresana expects the world market share of these regions to increase by up to 4 percentage points. As demand
in these regions is increasing less dynamically than production, a large part of Middle Eastern/African benzene output is
directed to the world market. This is putting pressure on producers in Western Europe and North America. We forecast
production of benzene in the latter two regions to stagnate.

Growth Motor China

Asia-Pacific will continue to dominate the benzene market and will account for almost half of global demand. China became
the worldwide largest consumer of benzene, followed by the USA, in 2013. Even though growth rates will not be in the
double-digit range in the foreseeable future, China will remain the growth motor for global benzene consumption. Growth
impulses originate in the packaging and electronics industries as well as the automotive sector.

Falling Output in North America

Benzene is a colorless, pleasant-smelling liquid that is mainly obtained as by-product in steam crackers or catalytic refining
or is manufactured directly from toluene. Due to the shale gas boom, steam crackers in North America, the USA in
particular, are increasingly using ethane rather than naphtha as feedstock. The result is a falling yield of benzene in these
crackers. Accordingly, this development has been contributing to the reduction of benzene output in North America.

Main Application Ethylbenzene

Benzene is needed as a precursor for the chemical synthesis of many compounds, mainly ethylbenzene, cumene,
cyclohexane, nitrobenzene, and alkylbenzene. The most important consumers of benzene are manufacturers of
ethylbenzene, who process more than half of total global consumption. Ethylbenzene is primarily used to produce styrene,
which is in turn mainly processed to polystyrene (PS) and expandable polystyrene (EPS). Ceresana expects producers of
ethylbenzene to continue to expand their share of total demand for benzene until 2021.

Manifold Application Possibilities

The production of cumene is the second largest sales market for benzene, followed by cyclohexane. Production of these
intermediates accounts for approx. one fifth and one tenth of global demand for benzene respectively. Cumene is mainly
used to manufacture phenol and acetone, and is therefore also a precursor for bisphenol A, phenolic resins,
caprolactam, and methyl methacrylate. Cyclohexane is primarily used in the production of nylon fibers, which are

https://www.ceresana.com/en/market-studies/chemicals/benzene/ 2/4
3/2/2018 Benzene - Study: Market, Analysis, Trends 2021 | Ceresana

processed into textiles and engineering plastics. Other applications for benzene are nitrobenzene used to manufacture
aniline and alkylbenzene that is utilized as detergent.

The Study in Brief:

This market report covers all relevant data and facts regarding the benzene market, market trends, market size and market
growth.

Chapter 1 is a description and analysis of the global market for benzene. Development of demand, revenues, and
production are explained in detail. Additionally, data on existing and future production capacities is provided. This report also
offers an extensive insight into the development in individual countries and regions.

Chapter 2 examines the 26 largest countries of the market in more detail and provides information on demand, revenues,
production, and trade of benzene as well as capacities. Demand for benzene is analyzed in detail split by the applications
ethylbenzene, cumene, cyclohexane, nitrobenzene, alkylbenzene and other applications.

Chapter 3 provides a detailed analysis of applications of benzene, e.g. its use in the manufacturing of ethylbenzene and all
other applications. This study contains data on demand development, split by Western Europe, Eastern Europe, North
America, South America, Asia-Pacific, and the Middle East/Africa as well as consumption figures for individual countries in
these regions.

Chapter 4 is a useful directory of producers, clearly arranged according to contact details, turnover, profit, product range,
production sites, profile summary, product-specific information as well as existing and future capacities at individual
production sites.

Extensive profiles of 85 manufacturers are provided, including CNPC, Sinopec, NPC, JX Holdings, Formosa Plastics, Exxon
Mobil, Dow Chemical, LyondellBasell, Flint Hills, Lotte Chemical, Shell, GS Caltex, and PTT Global.
(Note: Profiles are assigned to the country in which the company or holding is headquartered. Company profiles also include
joint ventures and subsidiaries).

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Pages 480
Graphs 159
Tables 105
Country Profiles 26
Company Profiles 85
Publication August 2014

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3/2/2018 Benzene - Study: Market, Analysis, Trends 2021 | Ceresana

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Basic License:
Hardcover book for one site: €3,300

Premium License:
PDF file for one site: €4,800

Corporate License:
PDF file for all sites: €7,500

All data in Excel (available only with Corporate or Premium License): €700

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