Ethyl Benzene Market To Register Massive Growth, Revenue To Rise To US$ 23.31 Bn By 2021

31-Aug-2018 | Zion Market Research

With the presence of a large pool of participants, the global ethyl benzene market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Zhejiang Weishi Biotechnology Co. Ltd., SABIC, BASF SE, The Dow chemical company, and Royal Dutch Shell Plc are some of the key vendors of ethyl benzene across the world. These players across ethyl benzene market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the market study.

Furthermore, new value creation strategies are helping the market players thrive in the most competitive & challenging business environment. As a part of their corporate social responsibility and green environment initiative, chemical manufacturing firms today are largely focusing on developing new technologies to produce bio-based solvents including ethyl benzene

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This review is based on a report by Zion Market Research, titled Ethyl Benzene Market for Plastic, Electronics, Paints & Coatings, Agriculture, Rubber and Other End-user Industries: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021.”- Report at

In a major boost for ethyl benzene market, in July 2018, a team of researchers from University of Science and Technology of China (USTC) put forward a simple procedure for preparing many of the functional composite materials from small organic molecules through a transition metal assisted process of carbonization, which also included selective oxidation of ethyl benzene along with nitrobenzene hydrogenation as well as electro catalysis.

Global Ethyl benzene Market

As estimated in this report, the global ethyl benzene market stood at US$ 18.28 billion in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in the ethyl benzene market is expected to reach US$ 23.31 billion by the end of the forecast period.

Growing Product Application In Manufacturing Of Styrene To Propel Growth

“Escalating product demand in styrene production, plastic sector, natural gas extraction, farming, and pesticides is likely to propel the expansion of ethyl benzene market over the coming years,” says the author of this study. Apart from this, the growing popularity of the product as a anti-knocking agent, is anticipated to improve its demand among consumers, and thereby support the growth of global ethyl benzene market, considerably. High product penetration across the paints & coatings sector is likely to promote the growth of the ethyl benzene market over the next few years.

Long-term exposure to the compound can adversely impact human health, owing to which various countries have implemented strict rules to regulate the use of ethyl benzene across different industries. In addition to this, oscillating crude oil costs are forecast to inhibit the ethyl benzene market progression over the forthcoming years.

Increasing Product Demand to Help Asia Pacific Maintain Dominance

Regionally, Asia Pacific has been leading the worldwide ethyl benzene market and is anticipated to continue on the dominant position in the years to come, states the market study. The growing production & consumption of the product in countries such as China is the main factor behind the dominance of the North America ethyl benzene market. The high number of market players being headquartered in the region is another significant factor that is supporting the ethyl benzene market growth in the region. For the record, APAC was the largest product consumer in 2015 and contributed nearly 45% towards the ethyl benzene market share during the same year. Reportedly, South Korea, Japan, and China are the major revenue generators for ethyl benzene market.

The global ethyl benzene market is segmented as follows:

By End-User

  • Plastic
  • Electronics 
  • Paints & Coatings
  • Agriculture
  • Rubber 
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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