About Ethyl Benzene
Ethylbenzene is a colourless liquid that smells like gasoline. It is found in natural products as well as in manufactured products. Ethylbenzene is used primarily to make other chemicals and styrene. It is also used as a solvent and as a component of asphalt and naphtha, and in fuels. Ethylbenzene finds wide application as solvent and reagent in producing several products such as paints & coatings, dyes, varnishes, rust prevention spray, pharmaceuticals, inks, perfumes, synthetic rubber, plastics, and pesticides.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Ethyl Benzene market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Qufu Xindi Chemical Research Limited Company (China), Cos-Mar Company (United States), LyondellBasell Industries N.V. (Netherlands), Chevron Phillips Chemical Company LLC (United States), DowDuPont Inc (United States), Changzhou Dohow Chemical Co. Ltd (China), Eni Versalis (Italy), Westlake Chemical Corporation (United States), Carbon Holdings Limited (Egypt) and INEOS Group (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sasol Limited (South Africa), Saudi Basic Industries Corporation (Saudi Arabia), Formosa Chemical & Fibre Corp. (Taiwan) and NOVA Chemicals (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Ethyl Benzene market by , Application (Plastic Products, Synthetic Rubber, Chemicals, Paints & Coatings, Pesticides, Electronics and Others [Dyes, Varnishes, Rust Prevention Spray, inks and perfumes]) and Region.
On the basis of geography, the market of Ethyl Benzene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Ethyl Benzene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth of Polymer Industry and Pharmaceutical Industry and Increasing adoption of Methanol-to-Olefins (MTO) technology
Market Growth Drivers:
Increasing Demand for Gasoline, Growing Demand for Automobiles and Increasing Demand in Application as Solvent
Challenges:
Long-term Exposure to the Compound can adversely Impact Human Health
Restraints:
Rising Prices of Ethyl Benzene
Opportunities:
Growing Chemical Industries in Emerging Economies and Industrial Expansion in Developing Nations
Market Leaders and their expansionary development strategies
March 24, 2019: Eni and CNR partner for sustainable development and practical research in Italy. and March 19, 2019 INEOS set to acquire Cristals North American Titanium Dioxide Business from Tronox. A great opportunity for INEOS to enter the pigments market and become the second largest producer of titanium dioxide in the key North American market.
January 23, 2019: Lyondellbasell, the world’s largest licensor of polyolefin technologies, announced that Xinjiang Tianli Gaoxin Petrochemical Company Limited (Tianli Gaoxin) has selected Lupotech T process technology from LyondellBasell for a 200KT per year low density polyethylene (LDPE) and ethylene vinyl acetate (EVA) plant to be built at Dushanzi, Xinjiang Province, China.
CERCLA section 104(i)(1) directs the Administrator of ATSDR to "effectuate and implement the health related authorities" of the statute. This includes the preparation of toxicological profiles for hazardous substances most commonly found at facilities on the CERCLA National Priorities List and that pose the most significant potential threat to human health, as determined by ATSDR and the EPA.
Key Target Audience
Manufacturers of Ethyl Benzene, Suppliers of Ethyl Benzene, Wholesalers, Distributers and Retailers of Ethyl Benzene, Research Firms and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.