6.7.2 Market Forecast 9.1.2 Market Forecast Benzene prices in China increased due to a prolonged tightness in cargo availability in the domestic market. 15.3.13 Repsol 2.4.2 Top-Down Approach 2.1 Objectives of the Study 8.1 Plastics Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. Privacy policy, Asia Pacific Cellulose Acetate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, Asia Pacific Acetic Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, Bio-lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, Tire Reinforcement Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, Styrenic Block Copolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, ( US: +1-631-791-1145 ) 7.3.2 Market Forecast Table 2: Benzene: Chemical Properties 6.6.2 Market Forecast Key vendors 7 Market Breakup by Manufacturing Process 9.2 Europe The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway. 9.2.1.1.1 Germany 9.1.1 Market Trends 11.1 Overview 2.4 Market Estimation Download Now. 9.4.1.1 Major Markets KEY COMPANIES IN THE BENZENE MARKET WORLDWIDE. 10.1 Import Breakup By Country Benzene market prices forecast up to 2023 6. Figure 2: Global: Benzene Market: Sales Value (in Billion US$), 2014 - 2019 Table 7: Global: Benzene Market Forecast: Breakup by Region (in Million US$), 2020-2025 The market dynamics of BTX is further governed by technological developments and governmental policies. 10 Trade Data 7.2.1 Market Trends 2.3 Data Sources 9.3 North America Figure 33: Global: Benzene (Toluene Disproportionation) Market: Sales Value (in Million US$), 2014 & 2019 Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. 8.1.1 Market Trends Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments. Figure 55: Latin America: Benzene Market: Sales Value (in Million US$), 2014 & 2019 9.1.1.1.1 China Figure 49: Europe: Benzene Market: Sales Value (in Million US$), 2014 & 2019 Figure 41: Global: Benzene (Synthetic Fibers) Market: Sales Value (in Million US$), 2014 & 2019 A summary for each of … Overall supply remained ample with buyers unhurried, while stocks in eastern Chinese shore tanks rose to more than 270,000 tonnes. Download Brochure The April contract dropped by 70% on lower demand and oversupply, the lowest price since ICIS records began in 2002. Other processes are hydrodealkylation (HDA) of toluene and toluene disproportionation (TDP). 6.4.1 Market Trends Figure 3: Global: Benzene Market: Breakup by Derivative (in %), 2019 Figure 28: Global: Benzene (Pyrolysis Steam Cracking of Naphtha) Market Forecast: Sales Value (in Million US$), 2020-2025 Benzene prices and reports, market news and analysis, charts and historical stats 8.2 Resins 15.3.11 Borealis AG ICIS pricing intelligence is delivered to you online via the ICIS dashboard. 9.1 Asia Pacific 7. Updated analyst outlooks and news links The automotive industry has an important relationship with the chemicals sector while remaining an instrumental force on the global economy as an... MOSCOW (MRC)--Russia’s output of basic chemicals increased in the first 11 of 2020 by 6.6% year on year, according to official data. ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Figure 30: Global: Benzene (Catalytic Reforming of Naphtha) Market Forecast: Sales Value (in Million US$), 2020-2025 Global Benzene head Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Benzene head industry. Demand has recovered slightly since dropping in March and April. 6.7.1 Market Trends Figure 36: Global: Benzene (From Biomass) Market Forecast: Sales Value (in Million US$), 2020-2025 7.2 Catalytic Reforming of Naphtha ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. 12 Value Chain Analysis 4.3 Key Industry Trends most of these aromatic hydrocarbons comes in the liquid form with an aromatic odor. Benzene forecast reports for all three regions are published on a monthly basis, covering the market up to one year ahead. Benzene prices tumble but downstream remained firm. Benzene markets tumbled across regions and prices plunged sharply in Asia on weak demand amid excess supplies. 15.3 Profiles of Key Players Benzene news and market information products from ICIS. Despite heightened hurricane activity in the US Gulf Coast region bringing key aromatics facilities offline, benzene supplies increased as consumption into downstream products declined. enhance our services. The flourishing paints and coatings industry (PCI) is another major growth-inducing factor as it incorporates benzene derivatives in the manufacturing of paints and lacquers. 2.3.2 Secondary Sources 2015-05-22 07:16:04 . What is the breakup of the market based on the derivative? Find out more about ICIS pricing reports >>. 10.2 Export Breakup By Country Figure 44: Global: Benzene (Rubber Lubricants) Market Forecast: Sales Value (in Million US$), 2020-2025 7.5 From Biomass ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models. The benzene market was facing several challenges in late 2019 with demand and production growth starting to slow. The benzene price in China in 2016 was 6,900 CHY ($1,043.97) per ton. 7.4 Toluene Disproportionation 6.4 Nitrobenzene End-of-Day prices are updated at 8pm CST each evening, and includes the previous session volume and open interest information. 6.6.1 Market Trends Benzene is a key ingredient to styrene, used in packaging, various plastics, nylon and other textiles. Over 25 years of reporting on key chemicals markets, including Benzene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Current exports are in the range of 600,000 MT annually. 6.6 Maleic Anhydride Figure 8: Global: Benzene Market: Imports Breakup by Country (in %), 2019 The price of Benzene Toluene Xylene is strongly affected by the price of crude oil since it is the source for the primary feedstock of BTX. $910.12. Figure 9: Global: Benzene Market: Export Breakup by Country (in %), 2019 8.1.2 Market Forecast 7.1. Which signifies, that the overall linear alkylbenzene sulfonate market price trends follow similar dynamics with petrochemical price. Benzene Market Report and Price Trend Benzene Highlights from 07 Dec,2020 - 18 Dec,2020 … Find out more about ICIS consulting expertise in China >>. Related products – You might also be interested in the information we publish on these related products. This vibrant and varied digital event will provide a platform for business-critical conversations and expert insights to help you navigate through these exceptional times. Intratec provides Benzene pricing data, covering 13 years of historical prices and forecasts. Having used a large variety of primary and secondary sources, our research team combined, canvassed and presented all available information on product in an all-encompassing research report clearly and coherently. 4.2 Properties Figure 54: Middle East and Africa: Benzene Market Forecast: Sales Value (in Million US$), 2020-2025 Figure 15: Global: Benzene (Cumene) Market: Sales Value (in Million US$), 2014 & 2019 2.3.1 Primary Sources An increase in the utilization of insulation materials in construction activities is one of the key contributing factors to the market growth. Figure 19: Global: Benzene (Nitrobenzene) Market: Sales Value (in Million US$), 2014 & 2019 Find out more about ICIS consulting services >>. Subscribers to our Commodity Price Database have access to Ethylbenzene and as many as 217 other commodities prices across several countries from main world regions. Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com. 8.2.2 Market Forecast 15.3.4 China National Petroleum Corporation 7.4.2 Market Forecast ICIS World Petrochemical Industry Study (Aromatics), TOPIC PAGE: Automotive – impact on chemicals, Output of Russia Jan-Nov chemical products grew by 6.6% year 15.3.1 BASF 2 Scope and Methodology 13.3 Bargaining Power of Suppliers 5.2 Market Performance Figure 42: Global: Benzene (Synthetic Fibers) Market Forecast: Sales Value (in Million US$), 2020-2025 IMARC Group’s latest report provides a deep insight into the global benzene market covering all its essential aspects. 15.3.8 ExxonMobil Corporation 8.5.2 Market Forecast 2.2 Stakeholders Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets. While production has grown at a decent pace, the demand for benzene in India has fallen in the last two years. Ethylbenzene (EB) is the largest chemical outlet for benzene and nearly all is consumed in the production of styrene. 9.5 Latin America Figure 14: Global: Benzene (Ethylbenzene) Market Forecast: Sales Value (in Million US$), 2020-2025 13.4 Degree of Competition 6.2.1 Market Trends Major raw materials used in manufacturing the product are kerosene and benzene. 8.2.1 Market Trends Benzene prices gave back a significant part of its. 5.7 Market Breakup by Region FOB Korea benzene prices were … Given the global dynamics of this market, price volatility is a regular feature. As a result, the Chinese and Asian benzene market stabilized and the Chinese price recovered from RMB4,455 per mt (parity of $548 per mt CFR), which was $86 per mt lower than FOB South Korea at the end of May to RMB5,894 per mt (import parity of $711 per mt CFR) in the third week of September, which was $14 per mt lower than FOB South Korea. Figure 48: Asia Pacific: Benzene Market Forecast: Sales Value (in Million US$), 2020-2025 Downstream US styrene outages have depressed benzene prices whilst at the same time fuel blending demand has raised Prices for Toluene to $2.95-3.08/gal. 9.4.1.1.1 Saudi Arabia New downstream plants in China that started up in Q2 and Q3 helped soak up some supplies from benzene units. 5 Global Benzene Market Figure 43: Global: Benzene (Rubber Lubricants) Market: Sales Value (in Million US$), 2014 & 2019 4.1 Overview Global Benzene Market to Grow at 4% during 2019-2024, Fostered by Rising Demand for Benzene Derivatives *As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the … 13.2 Bargaining Power of Buyers Figure 38: Global: Benzene (Plastics) Market Forecast: Sales Value (in Million US$), 2020-2025 Monthly forecast reports are also available for the Styrene market. Consumption by application 7.2. 2.5 Forecasting Methodology Table 4: Global: Benzene Market Forecast: Breakup by Derivative (in Million US$), 2020-2025 Market Description. 24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. 1 Preface Table 9: Global: Benzene Market: Key Players, Note: We value your privacy and will never rent or sell your email address. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Figure 24: Global: Benzene (Maleic Anhydride) Market Forecast: Sales Value (in Million US$), 2020-2025 Figure 29: Global: Benzene (Catalytic Reforming of Naphtha) Market: Sales Value (in Million US$), 2014 & 2019 5.8 Market Forecast BENZENE END-USE SECTOR. In addition to this, owing to the growing urbanization and the rising disposable incomes, there has been an increase in the demand for consumer products such as thinners and furniture wax across the globe. *As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic. 9.5.2 Market Forecast The fourth main derivative of benzene is nitrobenzene, which can be used to make aniline. 9.1.1.1.3 Japan chemicals, Please find more information on the cookies used on our site here, More information about the price reports we publish on Benzene, More information about the historical price data we publish on Benzene, News & Analysis – News & market analysis specifically relating to Benzene, Market commentary on trends and developments. What is the breakup of the market based on the application? 7.3.1 Market Trends Some players in Asia might idle smaller aromatics units because reducing rates further will be difficult. ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. Information covered in our price reports includes: Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences. Although widely used for diversified industrial purposes, its non-industrial usage is limited owing to its toxic nature. Global benzene market is expected to rise to an estimated value of USD 111.1 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Benzene is a colourless, refractive liquid with a characteristic aromatic odour. 5.1 Market Overview 8.4.2 Market Forecast ICIS produces a series of highly informative and timely conferences. We offer the following regional Benzene analysis and news coverage to keep you informed of factors and developments affecting prices in the Benzene marketplace. Phenol and acetone demand rose steadily with rebounding construction and automotive end-markets, though overall demand has not returned to pre-pandemic levels. Figure 37: Global: Benzene (Plastics) Market: Sales Value (in Million US$), 2014 & 2019 7.4.1 Market Trends Benzene is the largest volume aromatic petrochemical used to produce a number of petrochemical intermediates. Major derivative production centres in Louisiana are offline in the aftermath of the US Gulf Coast storms, but styrene demand is proving resilient amid strong demand for PS in packaging. The European benzene market has been mostly stable since the beginning of April, despite volatility in the crude oil complex and increased offtake from downstream consumers. The report contains data of the base year 2018 and historic year 2017. Supplies lengthened during Q3 as weak market fundamentals from the pandemic continued from previous quarters. 6.1.1 Market Trends An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. 6.5.1 Market Trends The third largest outlet for benzene is cyclohexane (CX) which finds its way primarily into the nylon chain via caprolactam and adipic acid. 9.5.1.1 Major Markets BTX (benzene, toluene & xylene) market is forecast to reach USD 274.78 billion by 2027, according to a new report by Reports and Data. ( India: +91-120-433-0800 ). US Benzene Prices were assessed at $2.75 – 2.83 / gal FOB (free on board) in mid June 2015. 13 Porter’s Five Forces Analysis This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the benzene industry in any manner. $872.65. Figure 39: Global: Benzene (Resins) Market: Sales Value (in Million US$), 2014 & 2019 Figure 34: Global: Benzene (Toluene Disproportionation) Market Forecast: Sales Value (in Million US$), 2020-2025 15.3.9 JX Holdings 15.3.5 DuPont 15.3.7 China Petroleum & Chemical Corporation No spot deals have been reported in the European market since early last week. Benzene is used primarily as a raw material in the synthesis of styrene (polystyrene plastics and synthetic rubber). 7.1.2 Market Forecast 9.2.1.1 Major Markets Figure 22: Global: Benzene (Linear Alkylbenzene) Market Forecast: Sales Value (in Million US$), 2020-2025 Global Benzene Market 2017-2021 - Fluctuating Prices of Benzene in the Domestic Markets of Various Countries News provided by. Figure 35: Global: Benzene (From Biomass) Market: Sales Value (in Million US$), 2014 & 2019 2.4.1 Bottom-Up Approach Monthly advisories and detailed reports on petrochemicals market in India. 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