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Europe Benzene Market Size, Share, Growth, Analysis: By Derivative: Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Others; By Application: Solvent, Chemical Intermediates, Surfactants, Plastics, Rubber Manufacturing, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Europe Benzene Market Outlook
The Europe benzene market attained a volume of 8.32 MMT in 2023. The market is projected to grow at a CAGR of 1.4% in the forecast period of 2024-2032 to reach a volume of 9.40 MMT by 2032. Germany is one of the leading consumer nations in Europe, with one of the highest demands for benzene.
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Rising Demand for Styrene and Cumene Propelling the Market Growth of Benzene in Europe
The benzene market in Europe is majorly being driven by the rising demand from segments like derivatives, styrene and cumene. The increasing demand from the polyester industry, where styrene is widely used for the manufacturing of textiles, is also boosting the demand for benzene.
Styrene is one of the major derivatives segments globally, along with cumene. Styrene accounts for a significant proportion of the global benzene demand. Cumene is also a major derivative of benzene, driving the significant demand for benzene, especially in the European Union. Further, the European Union is expected to expand its capacity in the industry, specifically in the caprolactam and phenolic resin segment.
Benzene: Industry Definition and Segments
Benzene is mainly used as a feedstock or raw material for the manufacture of many other industrial chemicals like ethylbenzene, cumene, as well as cyclohexane. Benzene is also used as a solvent for the chemical and pharmaceutical industries.
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The derivatives of the product can be divided into the following:
- Ethylbenzene
- Cumene
- Alkylbenzene
- Aniline
- Chlorobenzene
- Cyclohexane
- Maleic Anhydride
- Others
Benzene finds its applications in the following segments:
- Solvent
- Chemical Intermediates
- Surfactants
- Plastics
- Rubber Manufacturing
- Detergent
- Explosives
- Lubricants
- Pesticides
- Others
The regional markets for benzene in Europe are Germany, the United Kingdom, France, and Italy, among others.
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Growing Downstream Demand to Bolster the Industry Growth
The demand for benzene is being driven by the rising application of cumene in the manufacturing process of phenol and acetone. The market for these two compounds is significantly growing and, thus, aiding the demand growth of cumene. The expansion of capacity in the European Union is also expected to boost the growth of the benzene market in Europe.
The demand for benzene is significantly being aided by the rising demand from the styrene industry, which is witnessing a thriving demand from various end-use sectors. Styrene is used in the production of various products like polystyrene, styrene-butadiene elastomers, latexes, acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) resins, and unsaturated polyester resins. Styrene polymers find wide uses in the end use industries like textile, construction, packaging, electronics, medical products, and IT equipment, among others.
Other major factor contributing to the growing demand for benzene is the rising demand for ethylbenzene, which is widely used as a solvent in fuels and as a chemical intermediate. Benzene also has its applications in the CPG industry for packaging purposes. It is widely used in the personal and home care application as a solvent. The rising demand from the paints and coating industry is also providing an impetus to the market growth.
Key Industry Players in the Europe Benzene Market
The report gives a detailed analysis of the following key players in the Europe benzene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Dow Chemical Company
- INEOS Group Holding S.A.
- LyondellBasell Industries Holdings B.V.
- BASF SE
- Royal Dutch Shell Plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Derivative |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Europe
7 Opportunities and Challenges in the Market
8 Global Benzene Market Overview
8.1 Key Industry Highlights
8.2 Global Benzene Historical Market (2018-2023)
8.3 Global Benzene Market Forecast (2024-2032)
8.4 Global Benzene Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Benzene Market Analysis
9.1 Key Industry Highlights
9.2 Europe Benzene Historical Market (2018-2023)
9.3 Europe Benzene Market Forecast (2024-2032)
9.4 Europe Benzene Market by Derivative
9.4.1 Ethylbenzene
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Cumene
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Alkylbenzene
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.4 Aniline
9.4.4.1 Historical Trend (2018-2023)
9.4.4.2 Forecast Trend (2024-2032)
9.4.5 Chlorobenzene
9.4.5.1 Historical Trend (2018-2023)
9.4.5.2 Forecast Trend (2024-2032)
9.4.6 Cyclohexane
9.4.6.1 Historical Trend (2018-2023)
9.4.6.2 Forecast Trend (2024-2032)
9.4.7 Maleic Anhydride
9.4.7.1 Historical Trend (2018-2023)
9.4.7.2 Forecast Trend (2024-2032)
9.4.8 Others
9.5 Europe Benzene Market by Application
9.5.1 Solvent
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Chemical Intermediates
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Surfactants
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Plastics
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Rubber Manufacturing
9.5.5.1 Historical Trend (2018-2023)
9.5.5.2 Forecast Trend (2024-2032)
9.5.6 Detergent
9.5.6.1 Historical Trend (2018-2023)
9.5.6.2 Forecast Trend (2024-2032)
9.5.7 Explosives
9.5.7.1 Historical Trend (2018-2023)
9.5.7.2 Forecast Trend (2024-2032)
9.5.8 Lubricants
9.5.8.1 Historical Trend (2018-2023)
9.5.8.2 Forecast Trend (2024-2032)
9.5.9 Pesticides
9.5.9.1 Historical Trend (2018-2023)
9.5.9.2 Forecast Trend (2024-2032)
9.5.10 Others
9.6 Europe Benzene Market by Country
9.6.1 United Kingdom
9.6.2 Germany
9.6.3 France
9.6.4 Italy
9.6.5 Others
10 Regional Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Exporting Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
14.1 United Kingdom Historical Price Trends (2018-2023) and Forecast (2024-2032)
14.2 Germany Historical Price Trends (2018-2023) and Forecast (2024-2032)
14.3 France Historical Price Trends (2018-2023) and Forecast (2024-2032)
14.4 Italy Historical Price Trends (2018-2023) and Forecast (2024-2032)
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Dow Chemical Company
15.2.1.1 Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 INEOS Group Holding S.A.
15.2.2.1 Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 LyondellBasell Industries Holdings B.V.
15.2.3.1 Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 BASF SE
15.2.4.1 Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Royal Dutch Shell Plc
15.2.5.1 Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Benzene Market: Key Industry Highlights, 2018 and 2032
2. Global Benzene Historical Market: Breakup by Region (MMT), 2018-2023
3. Global Benzene Market Forecast: Breakup by Region (MMT), 2024-2032
4. Europe Benzene Market: Key Industry Highlights, 2018 and 2032
5. Europe Benzene Historical Market: Breakup by Derivative (MMT), 2018-2023
6. Europe Benzene Market Forecast: Breakup by Derivative (MMT), 2024-2032
7. Europe Benzene Historical Market: Breakup by Application (MMT), 2018-2023
8. Europe Benzene Market Forecast: Breakup by Application (MMT), 2024-2032
9. Europe Benzene Historical Market: Breakup by Country (MMT), 2018-2023
10. Europe Benzene Market Forecast: Breakup by Country (MMT), 2024-2032
11. Major Importing Countries by Volume (2020)
12. Major Exporting Countries by Volume (2020)
13. Major Importing Countries by Value (2020)
14. Major Exporting Countries by Value (2020)
15. United Kingdom Historical Price Trends and Forecast 2018-2028
16. Germany Historical Price Trends and Forecast 2018-2028
17. France Historical Price Trends and Forecast 2018-2028
18. Italy Historical Price Trends and Forecast 2018-2028
19. Europe Benzene Market Structure
Key Questions Answered in the Report
In 2023, the Europe benzene market reached a volume of nearly 8.32 MMT.
The market is projected to grow at a CAGR of 1.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 9.40 MMT by 2032.
The major drivers of the market are the rising demand for benzene in segments like derivatives, styrene, and cumene, the robust growth of the pharmaceutical sector, and the expanding capacity of the caprolactam and phenolic resin segments in the region.
The rising applications of cumene in the manufacturing process of phenol and acetone, the surging demand for benzene in the styrene sector, and the growing usage of ethylbenzene as a solvent in fuels and as a chemical intermediate are the key trends propelling the market growth.
The major countries of benzene in Europe are Germany, France, the United Kingdom, and Italy, among others.
The major derivatives of benzene considered in the market report are ethylbenzene, cumene, alkylbenzene, aniline, chlorobenzene, cyclohexane, and maleic anhydride, among others.
The various applications of benzene include solvent, chemical intermediates, surfactants, plastics, rubber manufacturing, detergent, explosives, lubricants, and pesticides, among others.
The key players in the market are Dow Chemical Company, INEOS Group Holding S.A., LyondellBasell Industries Holdings B.V., BASF SE, and Royal Dutch Shell Plc, among others.
Analyst Review
The Europe benzene market reached a volume of nearly 8.32 MMT in 2023, driven by the rising application of cumene in the manufacturing process of phenol and acetone. Aided by rising demand from the styrene industry and rising demand for ethylbenzene, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 1.4%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The derivatives of the product can be divided into ethylbenzene, cumene, alkylbenzene, aniline, chlorobenzene, cyclohexane, and maleic anhydride, among others. The major applications of the market are solvent, chemical intermediates, surfactants, plastics, rubber manufacturing, detergent, explosives, lubricants, and pesticides, among others. The major regional markets for the benzene market are Germany, France, the United Kingdom, and Italy, among others. The major players in the industry are Dow Chemical Company, INEOS Group Holding S.A., LyondellBasell Industries Holdings B.V., BASF SE, and Royal Dutch Shell Plc, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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