Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 22.3 Billion | USD 31.3 Billion | 4.5% | 2021 |
FrequentlyAsked Questions
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.
According to Zion market research report, 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.
Asia Pacific will contribute sizably towards the global market revenue over the projected timeline. A massive increase in Ethyl Benzene Market size in sub-continent over 2022-2028 can be due 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.
The key industry participants leveraging business space include 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, and Zhejiang Weishi Biotechnology Limited Company.
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