The
global ethylbenzene market is expected to register a CAGR of over ~3.6% during
the forecast period. The Asia-Pacific market is expected to exhibit the highest
CAGR during the forecast period owing to the growth of end-use industries such
as polymers, construction, agricultural, packaging, electronics, and other
industrial. The expanding manufacturing industry has increased the demand for
ethylbenzene in developed and developing economies such as the US, Germany,
China, and Japan, which is expected to boost the growth of the global
ethylbenzene market during the forecast period.
Key Players
·
Royal Dutch Shell Plc
·
Synthos S.A.
·
DowDuPont
·
Total S.A.
·
Versalis
·
Chevron Phillips Chemical
·
ufu Xindi Chemical Research Limited Company
·
LyondellBasell Industries
·
Zhejiang Weishi Biotechnology Co., Ltd
·
SABIC
·
BASF SE
·
Chevron Phillips Chemical
The
global ethylbenzene market, by region, has been segmented into North America,
Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The
market in Asia-Pacific accounted for the largest share of the global market in
2018 and is expected to witness healthy growth during the review period. Most
of the demand in the region is expected from China, India, and South-East Asian
countries owing to the increasing demand for polymers followed by chemicals in
end-use industries such as paints & coatings.
The
North American market held the second-largest share of the global ethylbenzene
market in 2018. The growth is attributed to the increasing manufacturing
activities in the US, followed by Canada. The key players operating in the
region are planning to strengthen the supply chain, which is expected to propel
the market growth during the review period. For instance, Chevron Phillips
Company is planning to acquire small vital players to increase the revenue in
the global market. Thus, the growing investments to increase the production
capacities in the region is expected to boost the demand for ethylbenzene in
North America.
The
demand for ethylbenzene in Europe region can be attributed to the moderate
growth of the chemical industry owing to stringent REACH regulations. However,
for application for ethylbenzene in Middle East & Africa is expected to
boost with moderate CAGR during the forecast period.
The
Latin American market is expected to witness a moderate growth owing to the
rising demand for the polymer and chemical industries.
Segmentation
The
global ethylbenzene market has been segmented by application, end-use industry,
and region.
Based
on application, the global market has been divided into gasoline, paint &
coatings, natural gas, asphalt & naphtha, diethylbenzene, and others. Based
on end-use industry, the global market has been categorized into polymers,
construction, agriculture, packaging, electronics, and other industrial.
Get
Complete Research Report on “Ethylbenzene Market Research Report - Global
Forecast till 2025” at: https://www.marketresearchfuture.com/reports/ethylbenzene-market-8028
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