According to a market report by Lucintel, the future of the ethylbenzene market looks promising with opportunities in the packaging, electronics, construction, automotive, agriculture sector. The global ethylbenzene market is expected to grow with a CAGR of 3% to 5% from 2023 to 2028. The major drivers for this market are increasing applications in styrene production, increase in the need for plastic polymers and synthetic rubbers, and expansion of the petrochemical industry.
In this market, styrene, gasoline, diethylbenzene, natural gas, paint, and asphalt & naphtha are the major segments of ethylbenzene market by application. Lucintel forecast that styrene will remain the largest segment over the forecast period due to the rising application of various styrene-based polymer, elastomers, and resins in different end user industries, such as electronics, packaging, agriculture, petrochemicals, and construction.
Within this market, construction is expected to remain the largest end use segment due to an increase in the demand for various construction materials, including styrene acrylic emulsions, acrylonitrile-butadiene-styrene, styrene-acrylonitrile resins, and other materials.
APAC will remain the largest region over the forecast period due to the growing construction and packaging industries, and increasing application of ethylbenzene as solvent and reagents in paints and coatings, dyes, perfumes, inks, and synthetic rubber in countries, such as China, India, and Japan.
IHS, International Finance Corporation, 3E, CMO Software, Enablon North America Corporation, LyondellBasell Industries, Chevron Phillips Chemical, INEOS, Honeywell International, and Dow are the major suppliers in the global ethylbenzene market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ethylbenzene market by application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Ethylbenzene Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global ethylbenzene market by application, end use industry, and region, as follows:
Ethylbenzene Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Styrene
· Gasoline
· Diethylbenzene
· Natural Gas
· Paint
· Asphalt and Naphtha
Ethylbenzene Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
· Packaging
· Electronics
· Construction
· Automotive
· Agriculture
· Others
Ethylbenzene Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Ethylbenzene Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the ethylbenzene market by application (styrene, gasoline, diethylbenzene, natural gas, paint, and asphalt & naphtha), end use industry (packaging, electronics, construction, automotive, agriculture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?