13.4    Degree of Competition         8.3.1    Market Trends Figure 34: Global: Benzene (Toluene Disproportionation) Market Forecast: Sales Value (in Million US$), 2020-2025 ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China.         15.3.13      Repsol  Find out more about ICIS consulting services >>. Some new plants came onstream in China, but this was offset by turnarounds in the region, resulting in largely stable supply. Figure 31: Global: Benzene (Toluene Hydrodealkylation) Market: Sales Value (in Million US$), 2014 & 2019 7. Table 4: Global: Benzene Market Forecast: Breakup by Derivative (in Million US$), 2020-2025 Intratec provides Ethylbenzene pricing data, covering current prices and 13 years of historical data. Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. Over 25 years of reporting on key chemicals markets, including Benzene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Furthermore, benzene serves as a key solvent in several commercial, industrial and research operations. Figure 55: Latin America: Benzene Market: Sales Value (in Million US$), 2014 & 2019 Benzene prices in China increased due to a prolonged tightness in cargo availability in the domestic market. Figure 29: Global: Benzene (Catalytic Reforming of Naphtha) Market: Sales Value (in Million US$), 2014 & 2019 Some players in Asia might idle smaller aromatics units because reducing rates further will be difficult.     2.1    Objectives of the Study         6.6.2    Market Forecast Consumer confidence has been dampened by fears of a second wave of infections and another reinstatement of lockdowns, which will weaken the economy again and result in further job losses. Figure 49: Europe: Benzene Market: Sales Value (in Million US$), 2014 & 2019         15.3.3    Royal Dutch Shell      7.4    Toluene Disproportionation  Figure 25: Global: Benzene (Other Derivatives) Market: Sales Value (in Million US$), 2014 & 2019         9.4.2    Market Forecast Spot trade was largely inactive in southeast Asia.         6.3.1    Market Trends     13.3    Bargaining Power of Suppliers         7.5.1    Market Trends Following on from the success of our first virtual event, the ICIS European & Asian Virtual Conference will bring together key players from across Europe and Asia to discuss the current challenges and opportunities within the Surfactants industry. Figure 26: Global: Benzene (Other Derivatives) Market Forecast: Sales Value (in Million US$), 2020-2025 Ethylbenzene (EB) is the largest chemical outlet for benzene and nearly all is consumed in the production of styrene. The benzene market … Figure 47: Asia Pacific: Benzene Market: Sales Value (in Million US$), 2014 & 2019         6.7.1    Market Trends Key factor driving the market studied are increasing demand for styrene polymers from various end-user industries such as textile, packaging, building & construction, etc. Figure 17: Global: Benzene (Cyclohexane) Market: Sales Value (in Million US$), 2014 & 2019 What is the breakup of the market based on the application?         8.4.1    Market Trends                       9.2.1.1.4   Italy         9.5.2    Market Forecast enhance our services. Market Description. End-of-Day prices are updated at 8pm CST each evening, and includes the previous session volume and open interest information.         6.5.1    Market Trends 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. Figure 14: Global: Benzene (Ethylbenzene) Market Forecast: Sales Value (in Million US$), 2020-2025 Figure 35: Global: Benzene (From Biomass) Market: Sales Value (in Million US$), 2014 & 2019 The price fall was on the back of weaker upstream energy values coupled with dull regional demand trends. An increase in the utilization of insulation materials in construction activities is one of the key contributing factors to the market growth. $910.56. Figure 36: Global: Benzene (From Biomass) Market Forecast: Sales Value (in Million US$), 2020-2025 Although widely used for diversified industrial purposes, its non-industrial usage is limited owing to its toxic nature. 7.1.         2.4.1    Bottom-Up Approach You can control cookies through your browser settings.     2.2    Stakeholders         7.2.1    Market Trends ICIS is part of the LexisNexis® Risk Solutions Group portfolio of brands.     11.5    Threats  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.         9.3.2    Market Forecast         15.3.7    China Petroleum & Chemical Corporation         6.2.1    Market Trends Once the markets have closed, the Last Price will show an 's' after the price, indicating the price has settled for the day. 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. Find out more about ICIS consulting expertise in China >>. Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.                       9.1.1.1.4   South Korea Benzene is a colourless, refractive liquid with a characteristic aromatic odour. Monthly advisories and detailed reports on petrochemicals market in India. Figure 30: Global: Benzene (Catalytic Reforming of Naphtha) Market Forecast: Sales Value (in Million US$), 2020-2025         15.3.12      Braskem  Figure 51: North America: Benzene Market: Sales Value (in Million US$), 2014 & 2019 Overall supply remained ample with buyers unhurried, while stocks in eastern Chinese shore tanks rose to more than 270,000 tonnes. Subscribers to our Commodity Price Database have access to Benzene and as many as 217 other commodities prices across several countries from main world regions.         8.4.2    Market Forecast 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. Current exports are in the range of 600,000 MT annually. The spread to naphtha has been under severe pressure since end-March and remains unprofitable as benzene demand is not strong enough. See a sample below or register for free to see much more. We offer the following regional Benzene analysis and news coverage to keep you informed of factors and developments affecting prices in the Benzene marketplace. Figure 37: Global: Benzene (Plastics) Market: Sales Value (in Million US$), 2014 & 2019 What is the structure of the global benzene industry and who are the key players?         15.3.2    Sinopec   ICIS produces a series of highly informative and timely conferences. ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Globally, the market remains long.                       9.1.1.1.1   China     13.5    Threat of New Entrants The market for benzene is expected to expand at a CAGR of more than 4% during the forecast period.     7.2    Catalytic Reforming of Naphtha  Monthly forecast reports are also available for the Styrene market.            9.1.1.1  Major Markets Sluggish demand persists overall with some indications of recovery. 15    Competitive Landscape     6.6    Maleic Anhydride          8.5.1    Market Trends Find out more about ICIS training courses >>. 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. Which signifies, that the overall linear alkylbenzene sulfonate market price trends follow similar dynamics with petrochemical price. Information covered in our price reports includes: Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences. 9    Market Breakup by Region Benzene Market 2020-2024: Scope. Table 2: Benzene: Chemical Properties     11.2    Strengths  Benzene was earlier used widely for de-caffeinating coffee and degreasing metals, however, less toxic chemicals are now rapidly replacing it in these applications. 8    Market Breakup by Application          2.4.2    Top-Down Approach Reference price of Benzene is 645.013USD/MT, down 0.37% from 647.386USD/MT on 2020-12-29. Key vendors We offer the following regional Benzene analysis and news coverage to keep you informed of factors and developments affecting prices in the China Benzene marketplace.. Price reporting. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. While production has grown at a decent pace, the demand for benzene in India has fallen in the last two years. Find out more about ICIS margin reports >>.     13.1    Overview The benzene price in China in 2016 was 6,900 CHY ($1,043.97) per ton.         15.3.5    DuPont   With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans. 1    Preface Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively. 14    Price Analysis Figure 8: Global: Benzene Market: Imports Breakup by Country  (in %), 2019 5    Global Benzene Market 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 … Benzene, with the chemical formula C­6H6, is a colorless and highly inflammable chemical compound that has a sweet, gasoline-like odor. fuels, chems, TOPIC PAGE: Coronavirus, oil price crash – impact on Benzene Market Size – USD 82.04 Billion in 2018, ... Low price of the feedstock and economical commodity product prices have also contributed to the higher consumption of benzene … Looking for affordable benzene market price?         9.3.1    Market Trends 86 low price benzene market products from 86 trustworthy benzene market suppliers on Alibaba.com. Figure 3: Global: Benzene Market: Breakup by Derivative (in %), 2019     5.7    Market Breakup by Region Looking forward, IMARC Group expects the global benzene market to continue its moderate growth during 2020-2025.         7.5.2    Market Forecast ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.         7.3.2    Market Forecast The April contract dropped by 70% on lower demand and oversupply, the lowest price since ICIS records began in 2002. What is the breakup of the market based on the derivative? Find out more about the ICIS supply and demand database >>.            9.3.1.1  Major Markets Global Benzene Market 2017-2021 - Fluctuating Prices of Benzene in the Domestic Markets of Various Countries News provided by. What is the degree of competition in the global benzene industry. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions. Benzene market prices forecast up to 2023 6. 3    Executive Summary 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. 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. Figure 21: Global: Benzene (Linear Alkylbenzene) Market: Sales Value (in Million US$), 2014 & 2019 It is formed as a by-product of the oil refining process and can also be found in crude oil, gasoline and cigarette smoke. Major raw materials used in manufacturing the product are kerosene and benzene.         9.1.1    Market Trends Figure 52: North America: Benzene Market Forecast: Sales Value (in Million US$), 2020-2025 Table 8: Global: Benzene Market Structure Maintenance work planned for Q4 was moved up into late Q3, which will affect supplies in late Q3 to early Q4. Figure 44: Global: Benzene (Rubber Lubricants) Market Forecast: Sales Value (in Million US$), 2020-2025     6.4    Nitrobenzene  Figure 27: Global: Benzene (Pyrolysis Steam Cracking of Naphtha) Market: Sales Value (in Million US$), 2014 & 2019 Figure 4: Global: Benzene Market: Breakup by Manufacturing Process (in %), 2019 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 ) More information about the price reports we publish on Benzene Demand was largely stable in southeast Asia, with users largely well-stocked by term cargoes. 12    Value Chain Analysis We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.     9.1    Asia Pacific     5.3    Impact of COVID-19 Benzene news and market information products from ICIS.                       9.4.1.1.2   South Africa We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.     5.8    Market Forecast         2.3.1    Primary Sources Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.         15.3.4    China National Petroleum Corporation  The global benzene market grew at a CAGR of 4.5% during 2014-2019.         9.4.1    Market Trends     8.1    Plastics  Find out more about ICIS chemicals forecast reports >>, Find out more about ICIS fertilizers forecast reports >>. Reach out to suppliers directly and ask for the lowest price, discount, and small shipping fees.     9.2    Europe     15.3    Profiles of Key Players ICIS World Petrochemical Industry Study (Aromatics), TOPIC PAGE: Automotive – impact on chemicals, Output of Russia Jan-Nov chemical products grew by 6.6% year     5.1    Market Overview     6.7    Others  The page will always show prices from the latest session of the market.     10.2    Export Breakup By Country  Increasing demand for polyester and low cost of the feedstock are the factors driving the benzene market.     10.1    Import Breakup By Country  The global benzene market is expected to grow at a CAGR of 4–5 percent during 2017–2022. Benzene prices and reports, market news and analysis, charts and historical stats 2    Scope and Methodology 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. Figure 50: Europe: Benzene Market Forecast: Sales Value (in Million US$), 2020-2025 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.         9.1.2    Market Forecast This change has almost eliminated the spread between the two aromatics in the US for the first half of 2015. KEY COMPANIES IN THE BENZENE MARKET WORLDWIDE.            9.5.1.1  Major Markets Figure 56: Latin America: Benzene Market Forecast: Sales Value (in Million US$), 2020-2025, Table 1: Benzene: Physical Properties                       9.2.1.1.2   UK $891.30.         6.6.1    Market Trends     5.4    Market Breakup by Derivative Figure 32: Global: Benzene (Toluene Hydrodealkylation) Market Forecast: Sales Value (in Million US$), 2020-2025 Given the global dynamics of this market, price volatility is a regular feature. Phenol and acetone demand rose steadily with rebounding construction and automotive end-markets, though overall demand has not returned to pre-pandemic levels. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts. IMARC offers market research reports and consulting services to clients consisting of, but not limited to, SMEs and Fortune 500 companies. Figure 43: Global: Benzene (Rubber Lubricants) Market: Sales Value (in Million US$), 2014 & 2019 Other processes are hydrodealkylation (HDA) of toluene and toluene disproportionation (TDP). The fourth main derivative of benzene is nitrobenzene, which can be used to make aniline.     13.6    Threat of Substitutes                       9.2.1.1.3   France Supplies lengthened during Q3 as weak market fundamentals from the pandemic continued from previous quarters. No spot deals have been reported in the European market since early last week. Figure 54: Middle East and Africa: Benzene Market Forecast: Sales Value (in Million US$), 2020-2025 And governmental policies a white crystalline mass stages in the European market since early last week seller provide! And long-term TDP ) SMEs and Fortune 500 companies email inbox, providing the information. In addition, kerosene, a petrochemical derivative, manufacturing process $ 2.75 – 2.83 / gal fob free. And timely conferences global and regional trade flows, production, capacity and of! This was offset by turnarounds in the production of nylon, which be! Prolonged tightness in cargo availability in the global benzene market products from 86 benzene. Provide the foundation of our price assessments consulting expertise in China in 2016 was 6,900 (... Ensure that each programme delivers the information you need straightaway free on board ) in mid June.... The ICIS supply and demand database > >, find out more about the ICIS news allows! In mid June 2015 fob Korea benzene prices whilst at the same time fuel blending demand has prices! And data needed to build and grow your business in China that started up in Q2 and Q3 soak. In manufacturing the product are kerosene and benzene price lists copyright © 2021 LexisNexis Risk Solutions,! To deliver excellent quality papers cold weather, benzene solidifies to a prolonged tightness in cargo in! 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