Benzene Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Benzene category?

Are you looking for answers on Benzene category?

  • What are the key trends in Benzene category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Benzene  industry?
  • How is Benzene industry performing?

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Report Coverage

  1. Global Market Size: Benzene
  2. Industry Analysis
  3. Innovations and Industry Events
  4. Cost and Pricing Analysis

Production Size

Global Production Size/ Capacity

$67.9 billion (2019)

CAGR

2.0 percent (2017-2024 F)

North America

9.6 MMT

Western Europe

12.9 MMT

Table of Contents

  1. Executive Summary
  2. Supply Market Outlook
  3. Demand Market Outlook
  4. Industry Best Practices
  5. COVID-19 Impact
  1. Market Analysis
  2. Global Market Size: Benzene
  3. Global Market Outlook
  4. Regional Market Outlook (North America, EU, and Asia)
     
  1. Industry Analysis
  2. Porter’s Five Forces Analysis
  3. Industry Drivers and Constraints
  4. Innovations and Industry Events
  1. Cost and Pricing Analysis
  2. Cost and Price Analysis
  3. Purchasing Process: RFP/RFI Questionnaire
  1. COVID-19 Impact
  2. Sourcing Location Watch
  3. Supplier Watch
  4. Industry Watch
  1. Supplier Performance Assesment
  2. KPI and SLA Components

 

  1. Industry Best Practices
  2. Optimal Engagement and Procurement Practices

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Benzene Global Market Outlook:

MARKET OVERVIEW: Global Benzene Market Size: $67.9 billion (2019)
Expected to grow at a CAGR of 2.0 percent (2017-2024 F)

Porter's Analysis on Benzene (NA and Europe)

Supplier Power

  • Aromatics comes predominantly as a by-product in crude refining in the western markets: Production of benzene is quite low in the West as against Asia, where BTX units are set up.

  • Benzene is mainly produced as a co-product in refinery gasoline stream and during production of steel as COLO. So, the industry is technically backward integrated, which results in complete control over the supply chain

Barriers to New Entrants

  • Huge capital cost on the back of changing feedstock dynamics, due to the shale gas advent: Barrier for entrant is higher, due to the high capital cost involved in plant set up. The US has shifted to gas-based setup, which puts the benzene sector at a disadvantage

Intensity of Rivalry

  • Integrated facilities and import dependency: Comparatively, consolidated industry with complete control over the value chain starting from crude oil or naphtha
  • However, availability of material from Asia adds to the supply options for buyers, thus increasing the rivalry among domestic producers for the market share

Threat of Substitutes

  • There are no substitutes available for benzene in the derivative markets

Buyer Power

  • Buying power is low for small volume buyer (personal care product manufacturers): Mostly, benzene producers are forward integrated with high demand derivatives, like styrene and cumene. Thus, benzene availability for other niche segments remains tight

  • For instance, personal care and pharma- grade benzene command only about 2–3 percent of the total benzene demand, and so, the buyer power is very low

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