Ethylbenzene Market: By Application Type, By End User Type, and Geography  

Ethylbenzene Market Size, Share, Growth, Trends, and Global Industry Analysis: By Application Type (Solvent, Fuels, Paints, Lacquers, Adhesives, Inks, Cleaning Materials, Others), By End User Type (Plastic, Electronics, Paints & Coatings, Agriculture, Rubber, Others), and Region  

Ethylbenzene Market was valued at US$ 22,673.8 million in 2023 and is anticipated to grow at a CAGR of 3.8 % from 2024-2030. Ethylbenzene is a colorless and highly flammable liquid chemical compound with a sweet, aromatic odor similar to that of gasoline odor. This monocyclic aromatic hydrocarbon is primarily derived from the catalytic alkylation of benzene with ethylene, and it is extensively utilized as an intermediate in the synthesis of various chemicals, most notably styrene, which is widely used in the production of plastics, resins, synthetic rubber, and other polymers. It is a solvent, a component of asphalt and naphtha, and a component of synthetic rubber, fuels, paints, inks, carpet glues, varnishes, tobacco products, and pesticides. It is found in automobiles and aviation fuels. Other compounds derived from it include acetophenone, cellulose acetate, diethyl-benzene, ethyl anthraquinone, ethylbenzene sulfonic acids, propylene oxide, and alpha-methylbenzyl alcohol.

The global ethylbenzene market is driven by its diverse uses in a variety of end-use sectors, including construction, automotive, packaging, electronics, and textiles. The automobile sector, in particular, is a major driver of ethylbenzene demand since it is a critical component in the manufacturing of different car components such as tyres, bumpers, dashboards, and interior trimmings. Other factors driving the ethylbenzene market include rising urbanization, population expansion, and infrastructural development in emerging nations. Furthermore, continuous technological breakthroughs, such as catalyst upgrades and process optimizations, provide opportunities for more efficient and cost-effective ethylbenzene synthesis. However, the market confronts obstacles in terms of health and environmental issues, which restrict the industry's growth and development. Manufacturers and stakeholders in the ethylbenzene market are always looking for ways to increase production capacity, enhance product quality, and satisfy the changing demands of industries and customers. For instance, in December 2022, Ineos entered into a contract to purchase a 50% stake in the Tianjin Nangang Ethylene Project, which is presently being built by China Petroleum and Chemical Corporation (Sinopec).

Ethylbenzene Market Key Developments:

  • In January 2022, Clariant announced the successful results with the usage of StyroMax UL3 catalyst at Risun’s new styrene monomer plant located in Tangshan, China.

Global Ethylbenzene Industry Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.8%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific

Ethylbenzene Market Dynamics

Ethylbenzene is predominantly used in solvent, fuels, paints, lacquers, adhesives, inks, and cleaning materials. Solvent is the major application for ethylbenzene. Ethylbenzene catches an extensive application as solvent and reagent in manufacturing various products, such as dyes, varnishes, paints & coatings, lacquers, rust prevention spray, pharmaceuticals, cleaning materials, dyes, adhesives, inks, perfumes, pesticides and synthetic rubber. Rising activities concerning construction sector, predominantly in Asia-Pacific region, along the escalating production of automotive parts, driven by rising demand for SUV’s and electric vehicles, besides the development of pharmaceutical industry, acts as a complementary factor for the growth in the demand for ethylbenzene.

Global Ethylbenzene Industry Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 22,673.8 million

Market CAGR

3.8%

By Application

  • Solvent
  • Fuels
  • Paints
  • Lacquers
  • Adhesives
  • Inks
  • Cleaning materials
  • Others

By End User

  • Plastic
  • Electronics
  • Paints & Coatings
  • Agriculture
  • Rubber
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The ethylbenzene market size was valued at US$ 22,673.8 million in 2023

Increasing Demand for Styrene

Asia Pacific is the fastest-growing for ethylbenzene market

Author image

Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1. Executive Summary
2. Global Ethylbenzene Market Introduction 
2.1.Global Ethylbenzene Market  - Taxonomy
2.2.Global Ethylbenzene Market  - Definitions
2.2.1.Application
2.2.2.End User
2.2.3.Region
3. Global Ethylbenzene Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Ethylbenzene Market Analysis, 2019 - 2023 and Forecast 2024 -2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Ethylbenzene Market  By Application, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
5.1. Solvent
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Fuels
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Paints
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Lacquers
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Adhesives
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Inks
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Cleaning materials
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
5.8. Others
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.8.3. Market Opportunity Analysis 
6. Global Ethylbenzene Market  By End User, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
6.1. Plastic
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Electronics
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Paints & Coatings
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Agriculture
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Rubber
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7. Global Ethylbenzene Market  By Region, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. North America Ethylbenzene Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
8.1. Application Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Solvent
8.1.2.Fuels
8.1.3.Paints
8.1.4.Lacquers
8.1.5.Adhesives
8.1.6.Inks
8.1.7.Cleaning materials
8.1.8.Others
8.2.  End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Plastic
8.2.2.Electronics
8.2.3.Paints & Coatings
8.2.4.Agriculture
8.2.5.Rubber
8.2.6.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9. Europe Ethylbenzene Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
9.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Solvent
9.1.2.Fuels
9.1.3.Paints
9.1.4.Lacquers
9.1.5.Adhesives
9.1.6.Inks
9.1.7.Cleaning materials
9.1.8.Others
9.2.  End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Plastic
9.2.2.Electronics
9.2.3.Paints & Coatings
9.2.4.Agriculture
9.2.5.Rubber
9.2.6.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10. Asia Pacific (APAC) Ethylbenzene Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
10.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Solvent
10.1.2.Fuels
10.1.3.Paints
10.1.4.Lacquers
10.1.5.Adhesives
10.1.6.Inks
10.1.7.Cleaning materials
10.1.8.Others
10.2.  End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Plastic
10.2.2.Electronics
10.2.3.Paints & Coatings
10.2.4.Agriculture
10.2.5.Rubber
10.2.6.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11. Middle East and Africa (MEA) Ethylbenzene Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
11.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Solvent
11.1.2.Fuels
11.1.3.Paints
11.1.4.Lacquers
11.1.5.Adhesives
11.1.6.Inks
11.1.7.Cleaning materials
11.1.8.Others
11.2.  End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Plastic
11.2.2.Electronics
11.2.3.Paints & Coatings
11.2.4.Agriculture
11.2.5.Rubber
11.2.6.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12. Latin America Ethylbenzene Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million)
12.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Solvent
12.1.2.Fuels
12.1.3.Paints
12.1.4.Lacquers
12.1.5.Adhesives
12.1.6.Inks
12.1.7.Cleaning materials
12.1.8.Others
12.2.  End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Plastic
12.2.2.Electronics
12.2.3.Paints & Coatings
12.2.4.Agriculture
12.2.5.Rubber
12.2.6.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Allurion Technologies (U.S.)
13.2.2.Silimed inc. (Brazil)
13.2.3.Obalon Therapeutics Inc. (U.S.)
13.2.4.Districlass Medical (S.A.) (France)
13.2.5.ReShape Medical Inc. (U.S.)
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • Allurion Technologies (U.S.)
  • Silimed inc. (Brazil)
  • Obalon Therapeutics Inc. (U.S.)
  • Districlass Medical (S.A.) (France)
  • ReShape Medical Inc. (U.S.)

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