U.S. Benzene Market Size & Outlook, 2022-2030
U.S. benzene market, 2018-2030 (US$M)
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U.S. benzene market highlights
- The U.S. benzene market generated a revenue of USD 12,817.6 million in 2022 and is expected to reach USD 20,510.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- In terms of segment, ethyl benzene was the largest revenue generating additives in 2022.
- Ethyl benzene is the most lucrative additives segment registering the fastest growth during the forecast period.
Benzene market data book summary
| Market revenue in 2022 | USD 12,817.6 million |
| Market revenue in 2030 | USD 20,510.9 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Ethyl benzene |
| Fastest growing segment | Ethyl benzene |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Phenol/cumene, Cyclohexane, Nitrobenzene, Alkyl benzene, Ethyl benzene |
| Key market players worldwide | Dow Inc, INEOS, LyondellBasell Industries NV Class A, Basf SE, Shell PLC, Reliance Industries Ltd GDR - 144A, Chevron Corp, China Petroleum & Chemical Corp Class H, Marathon Petroleum Corp, LG Chem |
Other key industry trends
- In terms of revenue, U.S. accounted for 19.9% of the global benzene market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. benzene market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 5,667.3 million by 2030.
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Benzene Market Scope
Benzene Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 8.3% in 2022. Horizon Databook has segmented the U.S. benzene market based on phenol/cumene, cyclohexane, nitrobenzene, alkyl benzene, ethyl benzene covering the revenue growth of each sub-segment from 2018 to 2030.
- U.S. 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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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. benzene market databook
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Our clientele includes a mix of benzene market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. benzene market , including forecasts for subscribers. This country databook contains high-level insights into U.S. benzene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. benzene market size, by additives, 2018-2030 (US$M)
U.S. Benzene Market Outlook Share, 2022 & 2030 (US$M)
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