Ethylbenzene Market To Grow USD 23620 Million by 2028 with a CAGR of 3.4% | Valuates Reports
BANGALORE, India, Oct. 31, 2022 /PRNewswire/ -- Ethylbenzene Market is estimated to be worth USD 19320 million in 2022 and is forecast to a readjusted size of USD 23620 million by 2028 with a CAGR of 3.4% during the review period.
Ethylbenzene Market is Segmented by Type (AlCl3 Liquid Hydrocarbon Method, Zeolite Gas Catalystic Method, Zeolite Liquid Catalystic Method), By Application (Styrene Production, Chemical Production, Other): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Chemicals Industry Category.
Major Factors Driving the Growth of Ethylbenzene Market
The increase in demand for ethylbenzene, which is widely used in the production of styrene, is attributed to its outstanding characteristics, such as lightweight, high solidity, and infusion shaping capacity, for a variety of applications in sectors, including the paints and coatings sector. Additionally, it is a highly combustible chemical that is widely used as a key component in the reactant dehydrogenation process that produces polystyrene. These factors are expected to drive the growth of Ethylbenzene market.
Browse The Table of Contents And List of Figures:
https://reports.valuates.com/market-reports/QYRE-Auto-6X7522/global-ethylbenzene
TRENDS INFLUENCING THE GROWTH OF THE ETHYLBENZENE MARKET
The Ethylbenzene Market is anticipated to be driven by rising ethylbenzene use in styrene manufacturing. In a high-temperature, low-pressure gas-phase adiabatic reactor, ethylbenzene is dehydrogenated to produce styrene. Chemical processing industries, such as the rubber and plastics sectors, expose workers to ethylbenzene. The product specification for ethylbenzene is intended to offer an adequate feedstock for the synthesis of styrene because it is nearly entirely used to make this chemical. The manufacturing of styrene, which starts with ethylbenzene, accounts for about 50% of the global benzene output.
Because of its anti-knock qualities, Ethylbenzene has been introduced to motor and aviation fuels. Due to its use as a solvent, a component of aviation and automobile fuels, and in several chemical production and industrial processes, ethylbenzene is widely dispersed in the environment. This feature is anticipated to fuel the ethylbenzene market even more.
Styrene, which is the primary component of the chemical compound, is then used to make polystyrene and other adhesives, as well as resins that are used in packaging and consumer goods. The other types of resins are unsaturated polyester resins, acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins, as well as styrene-butadiene elastomers and latexes. During the projected period, the requirement for efficient packaging will expand due to rising consumption and a growing population, which will drive up demand for the ethylbenzene market.
Industrial applications for end users Insecticides, pesticides, and sprays for agricultural crops all use ethylbenzene. These chemical substances are present in inks, paints, varnishes, coatings, and stain removers. The Ethylbenzene market will expand over the course of the assessment period as a result of its widespread usage across a number of industry verticals.
Get Your Sample Report Today: https://reports.valuates.com/request/sample/QYRE-Auto-6X7522/Global_Ethylbenzene_Market
ETHYLBENZENE MARKET SHARE ANALYSIS:
Based on type, the styrene segment will witness huge growth in the ethylbenzene market share. The main factors influencing the growth of the ethylbenzene market are the rising demand for styrene from various end-user industries and the rising use of ethylbenzene in the recovery of natural gas.
Based on region, Asia-Pacific will provide lucrative growth opportunities in the Ethylbenzene market share. Due to expanding e-commerce and online food and beverage services, Asia-Pacific currently controls most of the global ethylbenzene market.
Buy Regional Market Chapter On North America:
https://reports.valuates.com/market-reports/QYRE-Auto-6X7522/global-ethylbenzene/7
Buy Regional Market chapter On Asia Pacific
https://reports.valuates.com/market-reports/QYRE-Auto-6X7522/global-ethylbenzene/9
Key Companies:
- Chevron Philips Chemical Company
- LyondellBasell Industries Holdings
- Synthos S.A
- Total
- Versalis
- Carbon Holdings
- Changzhou Dohow Chemical
- Shell
- Qufu Xindi Chemical Research Limited Company
Buy Chapter On Company Profiles:
https://reports.valuates.com/market-reports/QYRE-Auto-6X7522/global-ethylbenzene/12
Buy Now for Single User + Covid-19 Impact :
https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-6X7522&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS:
- Simethicone market size is estimated to be worth USD 30 million in 2022 and is forecast to a readjusted size of USD 33 million by 2028 with a CAGR of 1.4% during the review period.
- Leather Chemicals market was valued at USD 5099.4 million in 2020 and it is expected to reach USD 6710.5 million by the end of 2027, growing at a CAGR of 4.0% during 2021-2027.
- Fine Chemicals market size is projected to reach USD 278510 million by 2027, from USD 172510 million in 2020, at a CAGR of 7.1% during 2021-2027.
- IoT in Chemical Industry market size is estimated to be worth USD 65310 Million in 2022 and is forecast to a readjusted size of USD 106490 Million by 2028 with a CAGR of 8.5% during the review period.
- Calcium Carbonate market size was USD 22120 Million and it is expected to reach USD 30060 Million by the end of 2027, with a CAGR of 4.6% during 2021-2027.
- Hydrogen Peroxide market size is estimated to be worth USD 4338.3 Million in 2022 and is forecast to a readjusted size of USD 5240.8 Million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028.
- Global Chemical Leavening Agents Market Research Report 2020
- Global Chemical Detection Technology Market Insights and Forecast to 2028
- Global Piperacillin Sodium API Market Outlook 2022
- Global Vilanterol Trifenatate API Market Outlook 2022
- Global Osimertinib Mesylate API Market Outlook 2022
- Olanzapine API Market Research Report 2021
- Global Prednisone Acetate API Market Insights and Forecast to 2028
- Global Cefotaxime Sodium API Market Outlook 2022
- Global Oclacitinib Market Outlook 2021
- Global Isolongifolanone (CAS 23787-90-8) Market Insights and Forecast to 2028
- Global Alogliptin Benzoate API Sales Market Report 2021
- Global Duloxetine Active Pharmaceutical Ingredients (API) Market Insights and Forecast to 2028
- Global β-Cryptoxanthin Market Insights, Forecast to 2028
Click here to see related reports on Ethylbenzene Market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
SOURCE Valuates Reports
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article