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Ethylbenzene Market Share, Growth, Trends and Forecast to 2025

Author : Rahul Varpe | Published Date : 2019-12-02 

Asia Pacific driven by India, Japan and China ethylbenzene market should see a significant growth by 2025. Rising packaging industry owing to booming e-commerce market and online food and beverage services which require proper packaging to protect the products and increase its shelf life may drive the regional market size. India packaging market size is expected to surpass USD 70 billion by the year 2025. Polystyrene owing to its high thermal insulation and durability properties are used in packaging of meat/poultry trays and egg cartons to protect them against damage or spoilage, thereby driving the regional product demand.

North America driven by Canada, Mexico and U.S ethylbenzene market demand should register significant growth during the foreseeable timeframe. Earlier tetramethyl lead was used as an additive in gasoline and other fuels to boost octane rating but it is now substituted by the product owing to increasing environment awareness and stringent rules for using lead additives which is likely to foster regional industry demand.

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Ethylbenzene Market size should witness significant growth during the projected time period led by rising demand for plastic polymers and synthetic rubbers owing to their lightweight, high durability and injection molding capability. The product is used in the polystyrene, ABS, SAN, SBR, styrene polyester, resins, and acrylonitrile butadiene production, thereby driving the overall ethylbenzene market growth.

 Ethylbenzene is a colorless and inflammable liquid monocyclic aromatic hydrocarbon having an odor similar to that of gasoline. It is insoluble in water as it is lighter than water and its vapors are denser than air. It occurs naturally in petroleum and coal tar but for large scale production, it is produced by combining ethylene and benzene in an acid-catalyzed reaction.

Rising application of polystyrene in packaging industry owing to its thermal resistance and high insulation properties are the key factors which may boost overall ethylbenzene market growth. Global polystyrene market size is expected to be valued at over USD 30 billion by the end of 2025. The product is dehydrogenated to produce styrene, a monomer of polystyrene thereby accelerating market demand.

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Global ethylbenzene market is fragmented. Companies like Chevron Philips Chemical Company, Synthos, LyondellBasell Industries Holdings, Versalis, Changzhou Dohow chemicals, Carbon Holdings, and Tianjin Jixin Industrial & Trade are key market players.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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