Global Ethyl Benzene Market Set for Rapid Growth, To Reach Around USD 29.3 Billion by 2026

31-Aug-2018 | Zion Market Research

Zion Market Research has published a new report titled “Ethyl Benzene Market by End-user (Plastic, Electronics, Paints & Coatings, Agriculture, Rubber, and Others) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2026”. According to the report, global demand for ethyl benzene market was valued at approximately USD 21.7 billion in 2019, and is expected to generate revenue of around USD 29.3 billion by end of 2026, growing at a CAGR of around 4.5% between 2020 and 2026.

Browse the full “Ethyl Benzene Market by End-user (Plastic, Electronics, Paints & Coatings, Agriculture, Rubber, and Others) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2026.. Report at https://www.zionmarketresearch.com/news/globaol-ethyl-benzene-market

Ethyl benzene is naturally found in coal tar and petroleum. Commercially, almost all ethyl benzene is produced as a result of alkylation of benzene with ethylene, except for a very limited fraction that is recovered from mixed C8 aromatics by super-fractioning. Ethyl benzene is widely used in the petrochemical industry in the production of styrene, and a small portion as a solvent in ink, paints & coatings, and other end-user industries.

Rising demand for ethyl benzene from natural gas extraction application sector is a key factor expected to fuel the market growth within the forecast period. Ethyl benzene is use as an additive in gasoline, which growing popularity as an anti-knocking agent. The high octane rating of ethyl benzene leads most efficient fuel additives globally. Short term (acute) toxicity of ethyl benzene is low. However, long-term exposure to ethyl benzene negatively affects the human body; as a result of its governments have set stringent regulations to control ethyl benzene applications which can restrain the growth of ethyl benzene market.

In terms of geography, Asia-Pacific was the largest consumer of ethyl benzene in 2015. China and South Korea were the major consumers of ethyl benzene in Asia-Pacific in 2015. China is the largest consumer and producer of ethyl benzene. Europe and North America also consume ethyl benzene on a large scale. Ethyl benzene demand is increasing in emerging nations such as Brazil and China. Industrial expansion of Brazil from Latin American region increases the demand for ethyl benzene over the period.

This report segments the global ethyl benzene market as follows:

Global Ethyl Benzene Market: End-user Segment Analysis

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

Global Ethyl Benzene Market: Regional Segment Analysis

  • 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

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