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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Ethylbenzene Market: By Application Type, By End User Type, and Geography
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).
Study Period
2024-2030Base Year
2023CAGR
3.8%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
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.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 22,673.8 million |
Market CAGR |
3.8% |
By Application |
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By End User |
|
By Region |
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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
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