Asia-Pacific Benzene Market
- Report Code: BE 1150
- Publish Date: Upcoming
Asia-Pacific Benzene Market
Benzene is a basic petrochemical which is widely used in the industry as a feedstock for manufacturing various chemicals which are further linked to various manufacturing industries. Asia-Pacific is the biggest market of benzene consuming more than 45.0% of the total global consumption in 2012, and it is also the second fastest growing market next to ROW. The consumption patterns of benzene and its various derivatives are continuously showing an upward trend which is majorly due to shift of manufacturing industry to Asia-Pacific benzene market on account of increasing demand and low cost of production. The Asia-Pacific benzene market was valued at $ 22,160.24 million in 2012, and is projected to reach $32,366.26 million by 2018, growing at a CAGR of 5.1% from 2013.
The significance of Asia-Pacific in the chemical industry cannot be undervalued. Its large developing middle class population derives the demand for the industry, and has led to continued industrialization and rise in the manufacturing sector of the region. The continuous rise in production of end products for use within the region and for exports derives a huge demand for the chemicals. The growing demand and policies including emission control, environment friendly products, etc., have led to innovation and developments in the industry, making it a strong chemical hub globally. The exorbitant growth and innovation along with the industry consolidations are expected to ascertain a bright future for the industry in the Asia-Pacific Benzene Market
In 2012, China was the leading consumer of benzene in Asia-Pacific with a share of about 34.3% of the regional demand. Subsequently, Japan was the second largest consumer of benzene in the region.
The key countries covered in Asia-Pacific Benzene market report are China, Korea, Japan, Malaysia, Taiwan, Singapore and Thailand. The various applications studied include Ethylbenzene, Cyclohexane, nitrobenzene, Cumene, LAB and others. Further, as a part of qualitative analysis, the Asia-Pacific Benzene Market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the benzene market.
The Asia-Pacific Benzene Market report also provides an extensive competitive landscape of the companies operating in this market. It also includes the company profiles of and competitive strategies adopted by various market players, include Sinopec (China), ExxonMobil Corp. (U.S.), Royal Dutch Shell Plc. (The Netherlands), The Dow Chemical Company (U.S.), JX Holdings Inc. (Japan), CNPC (China), Total S.A. (France), etc.
Customization Options:
With Market data, you can also customize MMM assessments that meet your Company’s specific needs. Customize to get comprehensive industry standards and deep dive analysis of the following parameters:
- Competitive landscape with a detailed comparison of portfolio of each company mapped at the regional- and country-level
- Production Data at country level with much comprehended approach of understanding
- Comprehensive coverage of plant capacity estimates that will analyze the future prospects of the North America benzene market.
- Plant Capacities for major countries(by companies)
- Analysis of Load factor to understand actual production at country level
- Raw material analysis – price, availability, suppliers etc.
- Production technologies, supplier, new technology trends
- Forward and backward integration opportunities in Asia-Pacific benzene market.
- Company developments (new plant, capacity expansion, merger & acquisition, new product launch..) and their impact in the Asia-Pacific benzene market.
- Scale analysis by comparing with Global Benzene Market
- Company developments (new plant, capacity expansion, merger & acquisition, new product launch..) and their impact in the Asia-Pacific benzene market
- Scale analysis by comparing with Global Benzene Market
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