Benzene is an aromatic hydrocarbon that serves as a fundamental chemical building block in the petrochemical industry. It is a byproduct of the processes at the refinery, naphtha cracker, paraxylene plant, and steel plant. Toluene can be hydro dealkylated to produce benzene. When exposed to high temperatures and pressures, benzene becomes highly flammable, toxic, and dangerous. Benzene is the parent compound of all aromatic compounds. Benzene is the most basic organic, aromatic hydrocarbon. Benzene is a basic petrochemical and a natural constituent of crude oil. It has a gasoline-like odour and is a colourless liquid.
Highlights from Benzene-Petrochemicals Market Study
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The key Vendors profiled in the report are Ameriya Oil Ref. Co. (Egypt), Angarsk Petrochemical (Russia), Alexandria National Refining, and Petrochemicals Company (Egypt), Arsol Aromatics GmbH & Co. KG (Germany), Atyrau Oil & Gas (Russia), Azerkhimija (Russia), BASF SE (Germany), Borealis AG (Austria), Bp Plc (United Kingdom) and Braskem. (Brazil).
Geographic Breakdown and Segment Analysis
The Global Benzene-Petrochemicals market presents a comprehensive analysis of the Benzene-Petrochemicals market by product type (Yarn, Polymers, Synthetic Rubber and Others), by end-user/application (Plastics, Resins, Synthetic Fibers, Rubber Lubricants and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Benzene-Petrochemicals industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the holds majority of market share of the Benzene-Petrochemicals market
Analyst at AMA have segmented the market study of Global Benzene-Petrochemicals market by Type, Application and Region.
Benzene-Petrochemicals Market Dynamics:
- The Increased Use of Styrene
- Increasing The Demand for Downstream Products from End-Use Industries
- Benzene-Petrochemical Companies Are Adopting On-Purpose Propylene Production Technologies
- Strict Safety Regulations Regulate the Manufacture and Transportation Of Benzene
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- The Increase In Technological Advances To Reduce Emissions Of Benzene-Petrochemicals
Market Developments Activities:On 30 March 2022 Mangalore Refinery and Petrochemicals Ltd (MRPL) has completed the acquisition of ONGC-Mangalore Petrochemicals Ltd (OMPL) OMPL manufactures paraxylene and benzene. These items are primarily sold globally through exports. the acquisition from financial creditors of up to 100% of the compulsorily convertible debentures (CCD) issued by OMPL (a wholly owned subsidiary of MRPL) for an aggregate consideration of up to 1,000 crores
On 22 June 2022 Alexandria National Refining and Petrochemical Company to modernize refinery with Honeywell technology. Alexandria National Refining and Petrochemical Company (ANRPC) will upgrade its current naphtha complex using Honeywell UOP engineering services in order to increase gasoline production and lessen Egypt's reliance on foreign fuel imports. The upgrade will be used on two CCR Platforming Units and two UOP Naphtha Hydrotreating Units to produce high-quality product and feedstock for petrochemical production.
Many companies in the Benzene-Petrochemicals market are focusing on research and development activities to discover new technologies and processes for benzene production for Petrochemicals industry. The developed technologies are expected to help in the reduction of environmental issues.
Key Target AudienceBenzene-Petrochemicals Manufacturer, Benzene-Petrochemicals Provider, New Emerging Industry, Corporate Entities, Government Bodies and Others