Ethylbenzene Market Size, Share, Growth & Forecast 2031
Ethylbenzene Market Size, Share, Growth & Forecast 2031
Segments - Ethylbenzene Market by Applications (Styrene [Acrylonitril-butadiene-styrene, Styrene-acrylonitril Resins, Styrene-butadiene Elastomers and Latex, and Unsaturated Polyester Resins], Gasoline, Diethylbenzene, Natural Gas, Paint, Asphalt and Naphtha), End-users (Packaging, Electronics, Construction, Agriculture, Automotive, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-2084
| 4.3 Rating
| 83 Reviews
| 172 Pages
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Report Description
Ethylbenzene Market Outlook 2031
The Global Ethylbenzene market size was valued at USD 3.28 Billion in 2022 and is likely reach to USD 4.60 Billion by 2031, expanding at a CAGR of 3.83% during the forecast period, 2023–2031. The growth of the market is attributed to rising production of styrene.
Ethylbenzene is derived from petroleum-based products and coal tar. This chemical compound is an inflammable and colorless in nature. It is produced by reacting ethylene and benzene at temperature 250°C. Ethylbenzene is used as an anti-knock agent and natural gas recovery agent. Pesticides, paints, inks, cellulose acetate, and synthetic rubber are manufactured by using ethylbenzene.
The COVID-19 pandemic has negatively impacted the market. It has plummeted the demands for products including exterior panels, reagents for paints and coatings, automotive dashboard, styrene-acrylic emulsions, and ethylbenzene-based polymers.
Market Trends, Drivers, Restraints, and Opportunities
- Rising innovation in the manufacturing process is expected to drive the market growth.
- Rapid growth of the packaging industry is playing a major role in the growth of the market.
- Having notion of self-owned car fuels the growth of the market.
- Increasing demand for raw materials in construction and automotive industries is anticipated to foster the growth of the market.
- The COVID-19 pandemic had plummeted the demand for raw material used in the automotive parts, negatively influencing the growth of the market.
- Exposure to ethylbenzene causes eye irritation, throat irritation, dizziness, and chronic respiratory ailments, hampering the growth of the market.
- Major companies investing in R&D activities is speculated to create lucrative opportunities in the global market.
- Growing use of switching pipes, insulation products, and wires for plastic counterparts is positively impacting the construction industry, fueling the growth of the market.
Scope of Ethylbenzene Market Report
The report on the global ethylbenzene market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Ethylbenzene Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Applications (Styrene [Acrylonitril-butadiene-styrene, Styrene-acrylonitril Resins, Styrene-butadiene Elastomers and Latex, and Unsaturated Polyester Resins], Gasoline, Diethylbenzene, Natural Gas, Paint, Asphalt and Naphtha), End-users (Packaging, Electronics, Construction, Agriculture, Automotive, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
LyondellBasell Industries Holdings B.V.; INEOS; Honeywell International Inc; Chevron Phillips Chemical Company LLC; and Dow |
Ethylbenzene Market Segment Insights
Styrene segment is expected to grow at a rapid pace
Based on applications, the ethylbenzene market is divided into styrene, gasoline, diethylbenzene, natural gas, paint, asphalt and naphtha. The styrene segment is further segregated into acrylonitril-butadiene-styrene (ABS), styrene-acrylonitril resins (SBR), styrene-butadiene elastomers and latex, and unsaturated polyester resins.
The styrene segment is expected to grow at a rapid pace during the forecast period due to increase use of styrene precursor to manufacture chemicals such as ABS, SBR, resins, protective coatings, and styrene plastics.
However, the paint segment is anticipated to hold a key share of the market in the coming years owing to rising production of vehicles.
Packaging segment is projected to expand at a considerable CAGR
On the basis of end-users, the market is segregated into packaging, electronics, construction, agriculture, automotive, and others. The packaging segment is projected to expand at a considerable CAGR during the forecast period due to increasing demand for polystyrene for packaging applications in the food, and electronics & electrical industries.
On the other hand, the construction segment is anticipated to account for a major market share during the forecast period due to rising demand for ABS, styrene acrylic emulsions, and SBR.
Ethylbenzene Market Regional Outlook
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the global ethylbenzene market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to constitute a key share of the market during the forecast period owing to increasing demands for reagents and solvents such as dyes, perfumes, and synthetic rubber.
However, Europe is anticipated to account for a significant market share during the forecast period due to rapid development of innovative technology.
Segments
Applications
- Styrene
- Acrylonitril-butadiene-styrene
- Styrene-Acrylonitril Resins
- Styrene-butadiene Elastomers and Latex
- Unsaturated Polyester Resins
- Gasoline, Diethylbenzene
- Natural Gas
- Paint
- Asphalt and Naphtha
End-Users
- Packaging
- Electronics
- Construction
- Agriculture
- Automotive
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- LyondellBasell Industries Holdings B.V.
- INEOS
- Honeywell International Inc
- Chevron Phillips Chemical Company LLC
- Dow
Competitive Landscape
Key players competing in the market are LyondellBasell Industries Holdings B.V.; INEOS; Honeywell International Inc; Chevron Phillips Chemical Company LLC; Dow.
These companies are indulging in partnerships, collaborations, and mergers to expand their market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Ethylbenzene Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ethylbenzene Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ethylbenzene Market - Supply Chain
4.5. Global Ethylbenzene Market Forecast
4.5.1. Ethylbenzene Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ethylbenzene Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Ethylbenzene Market Absolute $ Opportunity
5. Global Ethylbenzene Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Ethylbenzene Market Size and Volume Forecast by End Users
5.3.1. Packaging
5.3.2. Electronics
5.3.3. Construction
5.3.4. Agriculture
5.3.5. Automotive
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Ethylbenzene Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Ethylbenzene Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Ethylbenzene Demand Share Forecast, 2019-2026
7. North America Ethylbenzene Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Ethylbenzene Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Ethylbenzene Market Size and Volume Forecast by End Users
7.4.1. Packaging
7.4.2. Electronics
7.4.3. Construction
7.4.4. Agriculture
7.4.5. Automotive
7.4.6. Others
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Ethylbenzene Demand Share Forecast, 2019-2026
8. Latin America Ethylbenzene Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Ethylbenzene Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Ethylbenzene Market Size and Volume Forecast by End Users
8.4.1. Packaging
8.4.2. Electronics
8.4.3. Construction
8.4.4. Agriculture
8.4.5. Automotive
8.4.6. Others
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Ethylbenzene Demand Share Forecast, 2019-2026
9. Europe Ethylbenzene Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Ethylbenzene Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Ethylbenzene Market Size and Volume Forecast by End Users
9.4.1. Packaging
9.4.2. Electronics
9.4.3. Construction
9.4.4. Agriculture
9.4.5. Automotive
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Ethylbenzene Demand Share Forecast, 2019-2026
10. Asia Pacific Ethylbenzene Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Ethylbenzene Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Ethylbenzene Market Size and Volume Forecast by End Users
10.4.1. Packaging
10.4.2. Electronics
10.4.3. Construction
10.4.4. Agriculture
10.4.5. Automotive
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Ethylbenzene Demand Share Forecast, 2019-2026
11. Middle East & Africa Ethylbenzene Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Ethylbenzene Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Ethylbenzene Market Size and Volume Forecast by End Users
11.4.1. Packaging
11.4.2. Electronics
11.4.3. Construction
11.4.4. Agriculture
11.4.5. Automotive
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Ethylbenzene Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Ethylbenzene Market: Market Share Analysis
12.2. Ethylbenzene Distributors and Customers
12.3. Ethylbenzene Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. LyondellBasell Industries Holdings B.V.
12.4.2. INEOS
12.4.3. Honeywell International Inc
12.4.4. Chevron Phillips Chemical Company LLC
12.4.5. Dow
Methodology
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