Lewes, DE -- (SBWIRE) -- 03/26/2015 -- Report forecast the Global Benzene market to grow at a CAGR of 4.68 percent over the period 2014-2019.

Benzene is a hydrocarbon that contains six carbon and six hydrogen atoms. Benzene is one of the constituents of crude oil. Its chemical structure is cyclic with atoms joined by continuous pi-bonds. It is a colourless, highly flammable liquid with a sweet odour. It is primarily used as a precursor to heavy chemicals such as ethylbenzene and cumene. It is an important additive to gasoline as its high octane number improves the anti-knocking characteristics of gasoline. Carcinogenity of benzene is the primary reason for it not being used for non-industrial purposes.

Several other chemicals are also manufactured using benzene, including:

- Cyclohexane
- Nitrobenzene
- LAB
- Maleic Anhydride
- Naphthalene
- Chlorobenzene
- BHC

According to the report, increased demand for paraxylene, ethylene, and gasoline is the major factor contributing to the growth of the market. Benzene is a by-product of refinery and steam cracker operations for the production of ethylene and paraxylene. Hence, the supply of benzene is directly dependent on the demand for paraxylene, ethylene, and gasoline.

Further, the report states that volatility in crude oil prices affects the profitability of benzene producers as benzene prices are directly related to international crude oil prices.

Global Benzene Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Benzene market forecast and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Benzene Market: Badische Anilin-und Soda-Fabrik SE (BASF), British Petroleum plc (BP), China National Petroleum Corp. (CNPC), ExxonMobil Chemicals, Reliance Industries Ltd. and Shell Chemicals

Other Prominent Vendors in the market are: Amreya Petroleum Refining, Chevron Phillips Chemical, DynaChem, Flint Hills Resources, Fujian Refining & Petrochemical, GFS Chemicals, Indian Oil, Jx Holdings, PetroChina Fushun Petrochemical, Qatar Petroleum, Saudi Basic Industries, Sinopec, Sunoco Chemicals and The Dow Chemical Company

Market Driver
- Growing Demand of Paraxylene, Ethylene, and Gasoline
- For a full, detailed list, view our report

Market Challenge
- Instability in Crude Oil Prices
- For a full, detailed list, view our report

Market Trend
- Decrease in Demand from Developed Countries
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 111 pages and 46 Exhibits "Global Benzene Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Benzene Manufacturing Processes, Intermediates from Benzene and their End-products, Market Segmentation by Intermediate Product, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-benzene-market-2015-2019

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