Global Benzene Market Size & Outlook, 2022-2030
Global benzene market, 2018-2030 (US$M)
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Global benzene market highlights
- The global benzene market generated a revenue of USD 64,556.6 million in 2022 and is expected to reach USD 104,321.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.2% by 2030.
- In terms of segment, ethyl benzene accounted for a revenue of USD 5,583.8 million in 2022.
- Ethyl benzene is the most lucrative additives segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 64,556.6 million |
| Market revenue in 2030 | USD 104,321.8 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Ethyl benzene |
| Fastest growing segment | Ethyl benzene |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Phenol/cumene, Cyclohexane, Nitrobenzene, Alkyl benzene, Ethyl benzene |
Other key industry trends
- In terms of revenue, the North America accounted for 26.0% of the global benzene market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 827.9 million by 2030.
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Benzene Market Scope
Benzene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global benzene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to benzene market will help companies and investors design strategic landscapes.
Ethyl benzene was the largest segment with a revenue share of 8.65% in 2022. Horizon Databook has segmented the Global benzene market based on phenol/cumene, cyclohexane, nitrobenzene, alkyl benzene, ethyl benzene covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Benzene Additives Outlook (Revenue, USD Million, 2018-2030)
- Polyethylene
- Polypropylene
- Propylene oxide
- Acrylonitrile
- Phenol/cumene
- Cyclohexane
- Nitrobenzene
- Alkyl benzene
- Solvents
- TDI
- Formaldehyde
- Gasoline
- Acetic Acid
- MTBE
- Dimethyl Ether
- MTO/MTP
- Monomers
- Acrylic acid
- Isopropanol
- SB Rubber
- Butadiene rubber
- ABS
- SB latex
- Ethylene Oxide
- EDC
- Ethyl benzene
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global benzene market , including forecasts for subscribers. This global databook contains high-level insights into Global benzene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global benzene market size, by region, 2018-2030 (US$M)
Top 10 countries: Benzene market size, 2022 (US$M)
Global benzene market share, by additives, 2022 & 2030 (%, US$M)
Benzene market: Opportunity assessment by country
Global benzene market, by region, 2022 (US$M)
| Additives | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 1,494.4 | 1,478.9 | 1,453.0 | 1,458.4 | 1,482.5 | 1,514.9 | 1,551.1 | 1,602.6 | 1,651.7 | 1,699.9 | 1,746.3 | 1,870.0 | 1,925.3 | 2.9% |
| Europe | 14,979.7 | 15,436.4 | 15,463.1 | 15,827.8 | 16,415.0 | 17,143.3 | 17,942.2 | 18,967.4 | 20,009.7 | 21,093.1 | 22,221.3 | 24,297.3 | 25,692.7 | 5.5% |
| North America | 15,036.5 | 15,554.5 | 15,659.2 | 16,098.1 | 16,764.7 | 17,576.8 | 18,479.3 | 19,647.8 | 20,842.1 | 22,093.4 | 23,401.6 | 25,630.4 | 27,250.6 | 6.0% |
| MEA | 1,993.0 | 2,051.7 | 2,009.1 | 2,057.7 | 2,118.1 | 2,194.9 | 2,279.9 | 2,376.4 | 2,473.8 | 2,572.0 | 2,668.1 | 2,885.4 | 3,002.1 | 4.0% |
| Asia Pacific | 22,353.6 | 25,390.8 | 25,748.3 | 26,571.2 | 27,776.3 | 29,239.5 | 30,867.5 | 32,900.4 | 35,001.7 | 37,198.0 | 39,500.0 | 43,581.1 | 46,451.1 | 6.3% |
| Overall | 55,857.2 | 59,912.1 | 60,332.7 | 62,013.1 | 64,556.6 | 67,669.5 | 71,120.0 | 75,494.6 | 79,979.0 | 84,656.2 | 89,537.2 | 98,264.0 | 104,321.8 | 6.2% |
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