Market Summary
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
Regional Analysis
The 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.
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