Insights & Forecast with Potential Impact of COVID-19 - Global Benzene Market 2020-2024 | Rise in Demand for Benzene in Developing Economies to Boost Growth | Technavio

Technavio has been monitoring the global benzene market and it is poised to grow by USD 6.10 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Benzene Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BASF SE, BP Plc, Chevron Phillips Chemical Co. LLC, Dow Inc., Eastman Chemical Co., Exxon Mobil Corp., INEOS Group Holdings SA, LyondellBasell Industries NV, Mitsubishi Chemical Holdings Corp., and Royal Dutch Shell Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The rise in demand for benzene in developing economies has been instrumental in driving the growth of the market. However, the fluctuating prices of benzene in the domestic markets of various countries might hamper market growth.

Benzene Market 2020-2024 : Segmentation

Benzene Market is segmented as below:

• Derivative Type
  • Styrene
  • Cumene
  • Cyclohexane
  • Aniline
  • Others
• Geographic Landscape
  • APAC
  • North America
  • Europe
  • South America
  • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44003

Benzene Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our benzene market report covers the following areas:

• Benzene Market Size
• Benzene Market Trends
• Benzene Market Industry Analysis

This study identifies the growing demand for polymers in different industries as one of the prime reasons driving the benzene market growth during the next few years.

Benzene Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the benzene market, including some of the vendors such as BASF SE, BP Plc, Chevron Phillips Chemical Co. LLC, Dow Inc., Eastman Chemical Co., Exxon Mobil Corp., INEOS Group Holdings SA, LyondellBasell Industries NV, Mitsubishi Chemical Holdings Corp., and Royal Dutch Shell Plc Backed with competitive intelligence and benchmarking, our research reports on the Benzene Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Benzene Market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist benzene market growth during the next five years
• Estimation of the benzene market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the benzene market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of benzene market vendors

Table Of Contents :

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five force summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Derivative Type

• Market segments
• Comparison by Derivative Type
• Styrene - Market size and forecast 2019-2024
• Cumene - Market size and forecast 2019-2024
• Cyclohexane - Market size and forecast 2019-2024
• Aniline - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Derivative Type

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• BASF SE
• BP Plc
• Chevron Phillips Chemical Co. LLC
• Dow Inc.
• Eastman Chemical Co.
• Exxon Mobil Corp.
• INEOS Group Holdings SA
• LyondellBasell Industries NV
• Mitsubishi Chemical Holdings Corp.
• Royal Dutch Shell Plc

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200624005389/en/