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Ethylbenzene Market To Register Immense Growth | Honeywell International Inc; Versalis; Royal Dutch Shell; Exxon Mobil Corporation

Ethylbenzene Market

Ethylbenzene Market In-depth Analysis 2019-2026

This Market report is an exceptional report that makes it possible to the industry to take strategic decisions and achieve growth objectives. The analysis of this report has been used to examine various segments that are relied upon to witness the quickest development based on the estimated forecast frame.

Worldwide Ethylbenzene Industry 2019 Market Research Report is spread crosswise over 129 pages and gives restrictive essential insights, information, data, patterns and aggressive scene points of interest in this specialty division.

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Ethylbenzene Market 2019, A recent report published by Data Bridge Market Research provides a unique guidance By Type (AICI3 Liquid Hydrocarbon Method, Zeolite Gas Catalystic Method, Zeolite Liquid Catalysitc Method), Product (Purity >99%, Purity >98%, Others), Application (Styrene, Gasoline, Diethylbenzene, Natural Gas, Plastics, Rubber/Latex, Paints, Asphalt & Naphtha), End-Use Industry (Packaging, Electronics, Construction, Agriculture), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Few of the leading organizations’ names are listed here- LyondellBasell Industries Holdings B.V.; Chevron Phillips Chemical Company; Honeywell International Inc; Versalis; Royal Dutch Shell; Exxon Mobil Corporation; Central Drug House; Styrolution; Merck KGaA; Zhonglan Industry Co.,Ltd.; Haihang Industry Co., Ltd.; Antares Chem Private Limited; Shandong Hengyuan Petrochemical Co., Ltd. among others.

Competitive Rivalry-:The Ethylbenzene report incorporates the detailed analysis of the leading organizations and their thought process and what are the methodologies they are adopting to maintain their brand image in this market. The report aides the new bees to understand the level of competition that they need to fight for to strengthen their roots in this competitive market.

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Let’s know why the report is worth considering-

Global ethylbenzene market is expected to register a steady CAGR of 4.53% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growth of demand for the product from various natural gas exploration activities as well as the increased usage as an additive/anti-knocking agent in gasoline.

The demand for ethylbenzene by various countries is on the rise due to its increased applications in the various end-use industry verticals resulting in increased imports of the commodity from Algeria for 51 kilograms in 2016 to 220 kilograms in 2017. This increased demand was also seen in Argentina where the demand had risen from 2,796, 749 kilograms in 2016 to 3,986,444 kilograms in 2017.

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  • Worldwide increasing demand of styrene is expected to drive the growth of this market
  • Rise in the usage and application areas of the product from the various end-use industries is also expected to drive the growth of the market
  • Growing adoption for the product from the natural gas extraction activities is also expected to boost the growth of the market
  • Presence of strict regulations and compliances regarding the usage of commodity from various authorities
  • Vulnerable nature of prices of crude oil is another factor restricting the growth of the market

Key Developments in the Market:

In April 2018, Hengli Petrochemical announced that they have chosen Badger Licensing to utilize their proprietary technology for the manufacturing of grassroots ethylbenzene/styrene monomer. The technology will be utilized in the plant being manufactured at Dalian, China. The new manufacturing facility will be the largest facility available in China

In February 2016, Royal Dutch Shell announced that they are selling51% share of their Shell Refining Company in Malaysia to Shandong Hengyuan Petrochemical Co., Ltd.’s business unit Malaysian Hengyuan International for USD 66.3 million. This agreement will lead to hugestrategic focus of Royal Dutch Shell in areas where they can compete heavily. Whereas, for Shandong Hengyuan Petrochemical Co., Ltd. it will significantly improve the presence in the region while extending their supplying capabilities of the company

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

One of the important factors in Ethylbenzene Market report is the competitive analysis. The report covers all the key parameters such as product innovation, market strategies of the key players, market share, revenue generation, latest research and development, and market expert views.

Strategic Points Covered in TOC:

Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Hair Tie market

Chapter 2: Evaluating the leading manufacturers of the Ethylbenzene market which consists of its revenue, sales, and price of the products

Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales

Chapter 4: Presenting Ethylbenzene market by regions, market share and with revenue and sales for the projected period

Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions

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