市场调查报告书
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1467692
2024-2032 年苯市场报告(依衍生物、製造流程、应用及地区)Benzene Market Report by Derivative, Manufacturing Process, Application, and Region 2024-2032 |
2023年全球苯市场规模达641亿IMARC Group。严格的环境和健康法规的实施、全球研发投资的不断增加以及对增加农业产量的需求不断增加是推动市场成长的关键因素。
苯是一种有机化合物,分子式为C6H6。它是一种无色易燃液体,具有甜味,是多种化学品和产品生产中的重要成分。它天然存在于原油中,可用作合成许多其他化学品的起始材料,包括塑胶、树脂、合成纤维、橡胶、染料、清洁剂和药品。儘管其工业应用广泛,但接触它可能会带来健康风险。研究表明,长期暴露会导致各种健康问题,包括增加癌症的风险。因此,该产品的处理和使用在许多国家都受到严格的规定,以保护工人和环境。产业和研究人员必须了解其特性、潜在危险和安全措施,以确保其负责任的使用。
严格的环境和健康法规的实施是推动全球市场的重要因素。随着人们对接触汞所带来的健康危害的认识不断增强,各行业被迫投资于更安全、更有效率、更干净的生产方法。这些法规推动公司采用最佳实践、投资研发并创新流程。随着汽车产量的增加以及对轻型和节能汽车的需求不断增加,汽车行业的需求预计也会增加。随着基础建设和城市住房项目的兴起,对其衍生性商品的需求也随之增长。此外,成长以及随之而来的对农业产量增加的需求正在影响对保护作物和提高产量的化学品的需求。这间接带动了产品的需求。此外,消费性电子产品的扩张正在创造积极的市场前景。
合成材料产业需求增加
合成材料产业,包括聚合物、塑胶、树脂和合成纤维的生产,多年来需求持续成长。该产品作为苯乙烯生产的关键原材料发挥关键作用,苯乙烯用于製造聚苯乙烯,聚苯乙烯是一种用于从包装材料到家居用品等多种应用的聚合物。此外,全球人口的成长和城市化趋势正在推动对经济实惠且耐用的消费品的需求。随着这些合成材料在汽车、电子、建筑和消费品等不同领域得到应用,作为基本成分的产品的需求预计将成比例增长。各产业不断寻求提升合成产品性能和多功能性的方法,进一步巩固市场地位。
石化产业的成长
在全球经济成长和能源需求增加的推动下,石化产业一直处于上升轨道。作为原油炼製的主要衍生品之一,它与石化产业的命运有着内在的关联。此外,炼油厂的扩张(尤其是新兴经济体的炼油厂)以及运输燃料的成长都是石化产业蓬勃发展的指标。随着该行业的扩张,该产品的可用性和需求预计将增长。随着炼油厂优化营运以生产更多增值化学品,产能也可能增加,以满足下游应用不断增长的需求。
生产技术进步
该行业见证了旨在优化生产、降低成本和确保环境合规性的重大技术进步。此外,催化、製程强化以及与其他製程整合的创新使生产商能够从每桶石油中提取更多价值。透过重新设计生产流程以在单一多功能单元中进行,公司可以同时执行多个步骤。此外,允许捕获和再利用副产品和废物流的技术正在提高生产的可持续性和效率。这些进步提高了生产商的获利能力,同时也透过确保稳定的高品质供应来满足不断增长的全球需求。
The global benzene market size reached US$ 64.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 86.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032. The implementation of stringent environmental and health regulations, the escalating investment in research and development across the globe, and the increasing demand for increased agricultural production are among the key factors driving the market growth.
Benzene is an organic chemical compound with the molecular formula C6H6. It is a colorless and flammable liquid with a sweet odor, and it is an important component in the production of a wide range of chemicals and products. Found naturally in crude oil, it is used as a starting material in the synthesis of many other chemicals, including plastics, resins, synthetic fibers, rubber, dyes, detergents, and pharmaceuticals. Despite its vast industrial applications, exposure to it can pose health risks. Studies have shown that prolonged exposure can lead to various health problems, including an increased risk of cancer. As a result, the handling and use of the product are subject to strict regulations in many countries to protect both workers and the environment. It is essential for industries and researchers to be aware of its properties, potential hazards, and safety measures to ensure its responsible use.
The implementation of stringent environmental and health regulations is a significant factor that is driving the global market. As awareness about the health hazards associated with it exposure grows, industries are compelled to invest in safer, more efficient, and cleaner production methods. These regulations push companies to adopt best practices, invest in research and development, and innovate in their processes. With the rise in vehicle production and increasing demand for lightweight and fuel-efficient vehicles, its need in the automotive sector is expected to increase. As infrastructure development and urban housing projects rise, the demand for its derivatives also grows. In addition, the rise and the consequent demand for increased agricultural production are influencing the need for chemicals that protect crops and enhance yield. This indirectly drives the demand for the product. Moreover, the expansion of consumer electronics is creating a positive market outlook.
Increased demand in the synthetics industry
The synthetic materials industry, which includes the production of polymers, plastics, resins, and synthetic fibers, has seen a consistent rise in demand over the years. The product plays a pivotal role as a key raw material in the production of styrene, which is used to manufacture polystyrene a polymer used in a variety of applications from packaging materials to household goods. Additionally, the rise in the global population and urbanization trends are driving the need for affordable and durable consumer products. As these synthetic materials find applications in diverse sectors such as automotive, electronics, construction, and consumer goods, the demand for the product, as a foundational ingredient, is expected to grow proportionally. Industries are continuously seeking ways to improve the performance and versatility of synthetic products, further solidifying the market's position.
Growth in the petrochemical sector
The petrochemical industry has been on an upward trajectory, driven by global economic growth and increasing energy needs. As one of the primary derivatives of crude oil refining, it is intrinsically linked to the fortunes of the petrochemical sector. In addition, the expansion of refineries, especially in emerging economies, and the growth in transportation fuels are indicators of a thriving petrochemical industry. With the expansion of this sector, there's an anticipated growth in the availability and demand for the product. As refineries optimize their operations to produce more value-added chemicals, the production capacity is also likely to increase, catering to its growing demand in downstream applications.
Technological advancements in production
The industry has witnessed significant technological advancements aimed at optimizing production, reducing costs, and ensuring environmental compliance. In addition, innovations in catalysis, process intensification, and integration with other processes are allowing producers to extract more value from each barrel of oil. By re-engineering production processes to occur in a single, multi-functional unit, companies can perform multiple steps simultaneously. Additionally, technologies that allow the capture and reuse of by-products and waste streams are enhancing the sustainability and efficiency of production. Such advancements bolster the profitability of producers but also cater to the growing global demand by ensuring a consistent and high-quality supply.
IMARC Group provides an analysis of the key trends in each segment of the global benzene market, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on derivative, manufacturing process and application.
Ethylbenzene
Cumene
Cyclohexane
Nitrobenzene
Linear Alkylbenzene
Maleic Anhydride
Others
Ethylbenzene holds the largest market share
The report has provided a detailed breakup and analysis of the market based on the derivative. This includes ethylbenzene, cumene, cyclohexane, nitrobenzene, linear alkylbenzene, maleic anhydride, and others. According to the report, ethylbenzene accounted for the largest market share.
Ethylbenzene, a direct derivative of benzene, plays a crucial role in the petrochemical sector, primarily due to its use in producing styrene a vital component for various polymers and plastics. A principal driver for the demand for ethylbenzene derivatives stems from the growth in the global polystyrene market. Along with this, polystyrene is extensively used in packaging, electronics, toys, and numerous consumer goods, with its demand closely tied to global economic growth and consumer purchasing power. In addition, the expanding automotive industry is influencing the demand for styrene-based polymers, such as ABS (Acrylonitrile Butadiene Styrene), used for car interiors, exteriors, and consumer electronics. With urbanization trends, particularly in emerging economies, the construction sector is also witnessing considerable growth, leading to increased demand for insulation products made from styrene-based materials. Furthermore, technological advancements and research in newer applications of styrene derivatives are expected to propel the market further.
Pyrolysis Steam Cracking of Naphtha
Catalytic Reforming of Naphtha
Toluene Hydrodealkylation
Toluene Disproportionation
From Biomass
A detailed breakup and analysis of the market based on the manufacturing process has also been provided in the report. This includes pyrolysis steam cracking of naphtha, catalytic reforming of naphtha, toluene hydrodealkylation, toluene disproportionation, and from biomass.
Catalytic reforming is an essential process in refineries, turning naphtha into high-octane gasoline components and valuable aromatic compounds. Along with this, the growing global demand for cleaner and higher-octane gasoline is a dominant driver for the catalytic reforming of naphtha. As environmental regulations become stricter, there's a rising need for gasoline blends that produce fewer emissions and have improved combustion efficiency. Catalytically reformed naphtha fulfills this requirement by enhancing the octane number of gasoline. Additionally, the ever-increasing demand for petrochemicals, especially aromatics, such as xylene, and toluene, further strengthens the market for catalytic reforming.
On the other hand, pyrolysis steam cracking is a foundational process in petrochemical manufacturing, transforming naphtha and other hydrocarbons into olefins and aromatics. One primary market driver for this process is the rising global demand for ethylene, propylene, and other olefins used in polymer production. Along with this, the growing demand for xylene drives the toluene disproportionation process. As industries seek efficient production, this method offers an attractive route. Furthermore, the rising use of xylene in petrochemicals reinforces this process's importance, making it integral to meeting global aromatic compound needs.
Plastics
Resins
Synthetic Fibers
Rubber Lubricants
Others
The report has provided a detailed breakup and analysis of the market based on the application. This includes plastics, resins, synthetic fibers, rubber lubricants, and others.
The relentless growth in the global plastics market, driven by applications ranging from packaging to automotive components, substantially fuels the product demand. With rapid urbanization, industrialization, and a rise in consumer goods consumption, plastics have become indispensable in everyday life. This ubiquity translates to a consistent demand for polymers, such as polystyrene, ABS, and nylon. Moreover, advancements in plastic technologies, aiming to produce materials with enhanced properties like durability and recyclability, further amplify the product's significance. Apart from this, the integral role of plastics in modern society, coupled with innovative material developments, positions it as a cornerstone in the industry's growth trajectory.
On the other hand, the growing demand for resins, especially in coatings, adhesives, and the construction sector, drives the market. The escalating demand for synthetic fibers, such as nylon and polyester, in textiles, apparel, and home furnishings is a significant market driver. Its utility extends to the rubber lubricants sector, where it's involved in the production of certain key ingredients.
Asia Pacific
China
India
Japan
South Korea
Europe
Germany
UK
France
Italy
North America
United States
Canada
Middle East and Africa
Saudi Arabia
South Africa
Latin America
Brazil
Argentina
Asia Pacific leads the market, accounting for the largest benzene market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific (China, India, Japan, and South Korea); Europe (Germany, UK, France, and Italy); North America (the United States and Canada); Latin America (Brazil and Argentina); and the Middle East and Africa (Saudi Arabia and South Africa). According to the report, Asia Pacific accounted for the largest market share.
The Asia Pacific region, particularly powerhouses, such as China, India, and Southeast Asian countries, is emerging as a focal point for the industry. Additionally, rapid industrialization and urbanization are resulting in an escalated demand for products, such as plastics, resins, and synthetic fibers. The region's booming automotive and construction sectors further fuel this demand. Along with this, the expanding petrochemical infrastructure, driven by both local investments and international collaborations, ensures a steady supply and production capacity for the product and its derivatives.
In addition to this, the inflating disposable income levels are propelling the consumer goods market, which indirectly boosts the market. The region's strategic location, favorable governmental policies, and cost-competitive labor force also make it an attractive hub for petrochemical investments. Lastly, research and innovation in the Asia Pacific region, aiming to harness newer applications and enhance the production efficiency of its derivatives, solidify its position as a dominant player in the global market.
The key players are constantly optimizing their production processes to produce more efficiently, ensuring high purity and yield. In addition, companies often expand their operations either by increasing the capacity of existing plants or by establishing new production facilities, especially in regions with high demand or favorable business conditions. In addition, firms invest in R&D to find new applications for their derivatives, as well as to develop more sustainable and efficient production methods. Ensuring a robust and agile supply chain is crucial, given the global nature of the petrochemical industry. Companies often seek partnerships, logistics solutions, and digital tools to streamline their supply chain. As global focus shifts towards sustainable solutions, many producers are exploring greener alternatives, recycling methods, and waste reduction strategies.
BASF
Sinopec
Royal Dutch Shell
China National Petroleum Corporation
DuPont
Saudi Basic Industries Corporation
China Petroleum & Chemical Corporation
ExxonMobil Corporation
JX Holdings
BP
Borealis AG
Braskem
Repsol
Arsol Aromatics GmbH & Co. KG
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
In March 2023, Saudi Basic Industries Corporation arrived at a deal with North Huajin Chemical and Panjin Xincheng to start building a refinery and petrochemical complex in China's Liaoning province.
In December 2022, Sinopec signed a joint venture agreement, which paves the way for the businesses to work together on Sinopec's 1.2 million tpy ethane cracker facility being built in Tianjin Province, China.
In March 2023, ExxonMobil Corporation launched its long-planned project to increase the capacity of processing light crude oil by 250,000 b/d at ExxonMobil Product Solutions Co.'s integrated refining and petrochemicals complex in Beaumont, Texas, on the US Gulf Coast.