Product ID: UCMIG15B2043
Report ID:
UCMIG15B2043 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
"The global benzene and derivatives market is predicted to grow rapidly over the forecast period due to rising demand in the coatings and paints and automobile sectors. The chemical is an aroma hydrocarbon derived from crude oil via refinery processes. Alkylbenzene, chlorobenzene, cumene, toluene, ethylbenzene, cyclic he aniline, a nitrobenzene, and phenol are examples of important benzene derivatives. One of the principal benzene derivatives, ethylbenzene, is a key styrene feedstock. Over the projection period, rising styrene demand in the foam and film and paint and coatings industries is predicted to boost worldwide benzene and derivatives demand. Construction, electrical and electronics, and textile industries are among the other main applications that are predicted to have a favourable impact on the global market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Diversified Chemicals by segment aggregation, the contribution of the Diversified Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG15B2043