Dynamics and Growth Prospects of Global Ethylbenzene Market Forecast 2018-2023

Ethylbenzene

Global Ethylbenzene Market Research Report 2018 presents an in-depth assessment of the Ethylbenzene Market providing quantitative information about the market size, key market segments and manufacturer in terms of revenue, production and growth rate from 2018 to 2023. The Ethylbenzene Market report also provides qualitative information about the technologies, key trends, market drivers, regulatory landscape, deployment models, opportunities, value chain and market strategies.

The Onerous Demand Of Global Ethylbenzene Market report enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with Ethylbenzene industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.Development and Trend Research plays an Important role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Ethylbenzene market growth over the forecast period.

Request a Sample of this report from: 

https://www.marketreportsworld.com/enquiry/request-sample/12345792     

The ethylbenzene market is estimated to witness a strong growth during the forecast period (2018 – 2023). Asia-Pacific is projected to continue dominating the market, followed by North America and Europe. Asia-Pacific is also expected to register the highest growth during the period. The growing demand for ethylbenzene derived resins, polymers, and elastomers from end-user industries, such as construction, packaging, electronics, etc., is likely to drive the demand for ethylbenzene in the region.

Increasing Application as Solvent

Ethylbenzene finds wide application as solvent and reagent in producing various products, such as paints & coatings, dyes, varnishes, lacquers, adhesives, rust prevention spray, pharmaceuticals, cleaning materials, dyes, inks, perfumes, synthetic rubber, plastics, and pesticides. The increasing construction activities, particularly in Asia-Pacific, the rising automotive production, driven by increasing demand for SUV’s and electric vehicles, and the growth in pharmaceutical industry is driving the ethylbenzene demand for application as a solvent and reagents in producing paints & coatings, varnishes, adhesives, rust prevention sprays, etc., used in these industries.

Styrene Production to Dominate the Demand

Ethylbenzene is majorly used for the production of styrene, which is a precursor to various industrial polymers, such as polystyrene, acrylonitrile-butadiene-styrene, styrene-acrylonitrile resins, styrene-butadiene elastomers and latex, and unsaturated polyester. These styrene-based polymers, resins, and elastomers find wide application in various end-user industries, such as packaging, electronics, construction, agriculture, and petrochemicals. Thus, a strong growth in the aforementioned end-user industries is driving the demand for styrene products, further leading to an increase in the demand for ethylbenzene in order to produce styrene.

Asia-Pacific to Witness the Highest Growth

Asia-Pacific is expected to dominate the market during the forecast period, followed by North America and Europe. Asia-Pacific is also projected to witness the highest growth, owing to the strong economic growth, increasing industrial output, and investment attractiveness of the region. In January 2018, construction of a USD 6.8 billion crude oil refinery and petrochemical complex commenced in Barmer, Rajasthan, India by Hindustan Petroleum Corporation Limited (HPCL) and Rajasthan Refinery Limited (HRRL). More petrochemical projects are coming up in Asia-Pacific, which is expected to create a new demand for the ethylbenzene in the coming years. Moreover, a strong growth and the increasing output of automotive, packaging, and electronic industries are projected to drive the demand for ethylbenzene market during the forecast period.

Key Developments

April 2017: A Brazilian company, Videolar-Innova planned to expand styrene monomer production in the Triunfo complex in the Rio Grande do Sul state. The project is expected to increase the styrene capacity at the complex to 160,000 tons/year, which is scheduled to become operational around April 2019. With the expansion, the demand for ethylbenzene is expected to increase to produce styrene.

Major Players: LyondellBasell Industries NV, DowDuPont Inc., Chevron Phillips Chemical, Eni Versalis, and Changzhou Dohow Chemical Co. Ltd, among others.

Reasons to Purchase this Report

To understand the impact of increasing styrene demand on the ethylbenzene market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
To understand the dominating application in the ethylbenzene market.
Identifying the region & countries that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

Have Any Query? Ask Our Expert @:

 https://www.marketreportsworld.com/enquiry/pre-order-enquiry/12345792   

Ethylbenzene Market Forecast 2018-2023

The Ethylbenzene industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Ethylbenzene production, supply, sales and market status.

Purchase this [email protected]:

https://www.marketreportsworld.com/purchase/12345792    

Price of Ethylbenzene Market Report (single User Licence): $ 4250

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

 

 

 

Tags: , , , , , , ,