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Ethylbenzene Market Size, Share, Growth & Forecast 2031

Ethylbenzene Market

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Segments - 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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Author :

Riddhesh Dani

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Harneet Meher

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Shruti Bhat

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.

Attributes	Details
Report Title	Ethylbenzene Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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 Summary
2. 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 (000â€™ 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

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