Ethylbenzene Market Size, Share & Industry Analysis, By Application (Styrene, Gasoline, Diethyl Benzene, Natural Gas), By End-User Industry (Packaging, Electronics, Construction, Agriculture) And Regional Forecast, 2024-2032

Ethylbenzene is an organic monocyclic aromatic compound with chemical formula C₆H₅CH₂CH₃. It is a colorless, flammable liquid with gasoline-like odor. It is highly employed in petrochemical industry as an intermediate in the production of styrene and used as precursor of polystyrene. It is produced commercially by combining benzene and ethylene. Increasing application of ethylbenzene as anti-knocking agent in gasoline is expected to drive the market.

Increasing demand for polystyrene, styrene and styrene based polymers shall positively influence the market. The adoption of polystyrene in packaging and consumer goods applications is one of the factor driving the market growth. Additionally, increasing demand for anti-knocking agents employed as fuel additives for gasoline and other fuels shall boost the demand for ethylbenzene.

However, ethylbenzene is a classified as a possible carcinogen by the International Agency of Research on Cancer (IARC). This is expected to act as limiting factor for market growth.

Market Segmentation:

Based on application, market is segmented into Styrene, Gasoline, Diethyl benzene, Natural Gas, Paint, and Asphalt and Naphtha. Based on end-user industry, market is segmented into Packaging, Electronics, Construction, Agriculture, Automotive and Other.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global Ethylbenzene market consists of global & regional players operating. Some of the key players in the market include LyondellBasell Industries Holdings B.V., INEOS, Chevron Phillips Chemical Company LLC, Tianjin Jixin Industrial & Trade, Honeywell International Inc, and Dow, and others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Ethylbenzene Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate in forecast period. Increasing demand from packaging and construction sector. Large manufacturing base of solvents and chemicals in China, India, South Korea and other countries shall significantly drive the regional market. North America is expected to hold significant share attributed to increasing demand for polystyrene in constructional activities. Europe is anticipated to show significant rise in demand for automotive paints and coatings which in turn is driving ethylbenzene market. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

Segmentation

Ethylbenzene Industry Developments

• In June 2019, INEOS proposed a petroleum expansion for ethylbenzene and styrene monomer of USD 803 million in La Porte.