Ethyl Benzene Market Size, Share, Analysis, Trends, Growth, 2032

Ethyl Benzene Industry Prospective:

The global Ethyl Benzene Market accrued earnings worth approximately 22.3(USD Billion) in 2021 and is predicted to gain revenue of about 31.3(USD Billion) by 2028, is set to record a CAGR of nearly 4.5% over the period from 2022 to 2028. The study provides assessment and analysis of the Ethyl Benzene Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

Ethyl Benzene Market: Overview

The compound is aromatic hydrocarbon and is ingredient of coal tar & petroleum. Furthermore, ethyl benzene is utilized as petroleum additive & chemical intermediate in manufacturing of polystyrene. The product finds slew of applications in paints, inks, fuels, solvents, and insecticides. Moreover, ethyl benzene is utilized in exclusive production of styrene chemical. The compound is found in biological substances such as plant foliage, blood, fish samples, and subcutaneous fats by using gas chromatography with mass spectrometry, gas chromatography with flame ionization detection, and head space gas chromatography. Reportedly, ethyl benzene can occur naturally and has been found in parsley leaves, orange peel, dried legumes, and other food materials.

According to NCBI, ethyl benzene was first manufactured commercially during 1930 in the U.S. and Germany. For the record, currently almost all of ethyl benzene is manufactured on commercial scale by chemical factories through alkylation of benzene with ethylene in liquid phase with aluminum chloride functioning as a catalyst or in the vapor stage with a synthetic zeolite or Lewis acid working as a catalytic agent.

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Ethyl Benzene Market: Growth Dynamics

The compound is extensively utilized as intermediate for manufacturing styrene monomer. Moreover, ethyl benzene is added to motor & aviation fuels owing to former’s anti-knock features. In addition to this, ethyl benzene is also utilized as negative photoresist solvent across semiconductor industry. All these aforementioned aspects will prompt expansion of ethyl benzene market. Furthermore, commercial mixed xylenes constitute of nearly 25% of ethyl benzene. The latter finds its huge presence in insecticides, paints & lacquers, rubber solvents, chemical manufacturing industries, and printing inks.

Furthermore, surging demand for styrene-based polymers, polystyrene, and styrene is projected to have favorable impact on ethyl benzene market. Use of polystyrene in packing & consumer good applications will create new growth avenues for ethyl benzene industry.

Ethyl Benzene Market: Report Scope

Ethyl Benzene Market: Regional Landscape

Asia Pacific Ethyl Benzene Market To Witness Profound Expansion Over 2022-2028

Growth of ethyl benzene industry in Asia Pacific zone over forecasting timeline is subject to massive product penetration in packaging & construction sectors. In addition to this, large-scale presence of chemical factories in South Korea, China, and India will contribute lucratively towards regional market size. For the record, China is biggest producer & consumer of product across globe and this will further fuel regional market expansion over upcoming timespan.

Ethyl Benzene Market: Competitive Landscape

Some of the major participants of industry have strongly impacted growth of ethyl benzene market and will continue to do so even in upcoming decades. We have profiled them in our report and it includes

• BASF SE
• BP plc
• The Dow Chemical Company
• TotalEnergies SE
• The China National Petroleum Corporation
• Exxon Mobil Corporation
• Saudi Basic Industries Corporation
• Shell plc
• Jx Nippon Oil & Gas Exploration Corporation
• Tianjin Jixin Industrial & Trade Co. Ltd.
• Qufu Xindi Chemical Research Limited Company
• Zhejiang Weishi Biotechnology Limited Company.
• Among Others

The global Ethyl Benzene Market is segmented as follows:

By Application

• Styrene
• Natural Gas
• Gasoline
• Asphalt
• Naptha
• Paint
• Diethyl Benzene

By End-User

• Packaging
• Automotive
• Electronics
• Agriculture
• Construction

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa