Ethylbenzene Market Size, Share, Opportunities, Growth to Reach USD 27.74 Billion by 2027

New York, NY -- (SBWire) -- 04/21/2021 --The Global Ethylbenzene Market is expected to reach USD 27.74 Billion by 2027, according to a new report by Reports and Data. A significant proportion of ethylbenzene produced worldwide is utilized in the production of styrene. Products made from styrene provides exceptional benefits such as high performance, toughness, simplicity of production, flexible design, and economy along with the offering of sanitation, hygiene, and safety features. For instance, styrene finds application in the strengthening of military armor, cushioning of bicycle helmets, making of wind power turbines, reduction of coal plant emissions, and improvement of components deployed in making automotive lightweight and fuel-efficient. Moreover, it allows the production of high-performance and economical recreational products, including boats and other watercraft.

The key participants of the Ethylbenzene Market include:
Chevron Philips Chemical Company, LyondellBasell Industries Holdings Limited, Versalis, Synthos, Carbon Holdings, Tianjin, Jixin, Industrial & Trade Co. Ltd., Changzhou Dohow Chemical Co. Ltd., Honeywell, Westlake Chemical Corporation, and Dow Chemicals, among others.

Blocks made of polystyrene are implemented in the construction of buildings for providing permanent insulation for walls of buildings along with the roofs and floors. The distinctive feature of stacking and then filling the forms with concrete, of these blocks, allow for faster and cheaper construction of buildings (including residential, commercial, and industrial construction projects) as compared to typical brick and mortar buildings. Moreover, the block system aids in saving labor and time consumed in the completion of the project and the total construction costs.

The application of ethylbenzene in gasoline is expected to impact market growth. Ethylbenzene is blended with gasoline as an anti-knock agent to reduce engine knocking and improve the octane rating.

Further key findings from the report suggest
By application, styrene contributed to the largest market share in 2018 and is expected to grow at a rate of 3.4% in the forecast period. The high demand for styrene across the globe is owing to the growth of the packaging and construction industry, which has resulted from the growing demand for consumer goods and infrastructure facilities, particularly in developing regions such as Asia Pacific.

By industry vertical, the packaging industry dominated the market in 2018 and is estimated to grow at a rate of 2.8% in the forecast period. Polystyrene, a polymer of styrene, finds usage in the packaging industry as it is lightweight, strong in compression and thus safeguards delicate objects in case of being crushed or dropped. Also, it is a very good insulator, which enables it a strong electrostatic attraction to other objects, causing it to stick to things easily.

By distribution channel, offline channel held a larger market share in 2018.

The market in the Asia Pacific region dominated the largest market share in 2018 and is expected to grow at a rate of 4.1% in the forecast period. The market dominance of the APAC region is owing to the growth of the packaging industry due to the thriving e-commerce industry and online food & beverage delivery services that demands proper packaging to secure the products and enhance its shelf life.

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For the purpose of this report, Reports and Data have segmented the global ethylbenzene market on the basis of application, industry vertical, distribution channel, and region:
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Styrene
Gasoline
Natural Gas
Asphalt
Naphtha
Others

Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Packaging
Electrical & Electronics
Building & Construction
Consumer Products
Others

Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Online
Offline

Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
North America
U.S
Europe
U.K
France
Asia Pacific
China
India
Japan
Latin America
Brazil
MEA

Key Highlights of the Report:
Extensive analysis of the competitive scenario along with key developmental patterns
Supply chain analysis and latest technological advancements
Market forecast for 8 years covering all the segments and sub-segments in key regions and countries
In-depth analysis of current and emerging market trends and market dynamics
Insights on rivers, restraints, growth prospects, and market opportunities
SWOT analysis and Porter's Five Forces analysis along with feasibility analysis and investment return analysis
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Table of contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027

Chapter 3. Indicative Metrics

Chapter 4. Ethylbenzene Segmentation & Impact Analysis
4.1. Ethylbenzene Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Surging demand for Ethylbenzene in styrene production
4.2.2.2. Increasing demand from the building & construction industry
4.2.3. Market restraints analysis
4.2.3.1. Hazardous effect on human health
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis

Chapter 5. Ethylbenzene Market By Application Insights & Trends
5.1. Application dynamics & Market Share, 2019 & 2027
5.2. Styrene
5.2.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
5.2.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
5.3. Gasoline
5.3.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
5.3.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
5.4. Natural Gas
5.4.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
5.4.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
5.5. Asphalt
5.5.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
5.5.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
5.6. Naphtha
5.6.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
5.6.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
5.7. Others
5.7.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
5.7.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)

Chapter 6. Ethylbenzene Market By Industry Vertical Insights & Trends

Chapter 7. Ethylbenzene Market By Distribution Channel Insights & Trends

Chapter 8. Ethylbenzene Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles
10.1. Chevron Philips Chemical Company
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. LyondellBasell Industries Holdings Limited
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Versalis
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Synthos
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Carbon Holdings
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
10.6. Tianjin Jixin Industrial & Trade Co. Ltd.
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Technology Insights
10.6.4. Strategic Initiatives
10.7. Changzhou Dohow Chemical Co. Ltd.
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Technology Insights
10.7.4. Strategic Initiatives
10.8. Honeywell
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Technology Insights
10.8.4. Strategic Initiatives
10.9. Westlake Chemical Corporation
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Technology Insights
10.9.4. Strategic Initiatives
10.10. Dow Chemicals
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Technology Insights
10.10.4. Strategic Initiatives

Continued…..

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