Benzene Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, South Korea, Japan, Germany - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 177 SKU: IRTNTR44003

Benzene Market Forecast 2024-2028

The benzene market size is forecast to increase by USD 7.01 billion, at a CAGR of 3.77% between 2023 and 2028. The expansion rate of the market depends on several factors, including the rise in demand for benzene in developing economies, the increasing demand for benzene from various applications, and the growing demand for polymers in different industries. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.

What will be the  Market Size During the Forecast Period?

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Market Definition 

Benzene is an organic solvent that is widely used in industry as a feedstock for manufacturing chemicals such as cumene, styrene, aniline, and others, which are further linked to different manufacturing industries.

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Market Key Drivers, Trends, Challenges

Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Growth Analysis Driver

The rise in demand for benzene in developing economies is the key factor driving market growth. The market is witnessing a high growth rate in emerging economies such as Russia, India, China, Brazil, and Indonesia. A number of manufacturers are shifting their manufacturing units to these countries due to factors such as cheap labor, easy availability of land, low transportation costs, and less stringent government norms.

Moreover, the increasing income and purchasing power of people in the developing countries of APAC and ROW are driving higher investments in the automotive, construction, and chemical industries. Further, the rising disposal income, increasing population, and economic recovery will drive the end-use industries such as automotive, paints and coatings, and construction in these countries, which, in turn, will boost the demand for benzene. This will drive the market during the forecast period.

Significant Market Trends and Analysis

Rising preference for bio-based latexes is the primary trend shaping market. Owing to fluctuations in the prices of benzene, vendors of benzene are looking for an alternative to petroleum-derived benzene for manufacturing paints, detergents, and drugs, as these industries are the largest end-users of benzene. These manufacturers have started replacing petrochemical raw materials with plant-based sources in various end-user applications, including paint and coatings, construction, and textiles.

Furthermore, bio-based benzene consumes less energy compared with benzene and other synthetic aromatic phenols and, thus, is sustainable. Bio-based benzene consumption in end-user industries also reduces carbon footprint by up to 67%. Therefore, the rise in the use of bio-based benzene may positively impact the market during the forecast period.

Major Challenge

The price fluctuation of crude oil is a significant challenge that affects the market. Fluctuations in crude oil prices act as a major threat and directly impact the demand for benzene as the key raw materials used in the production of benzene (styrene, cumene and others) are petroleum products, and fluctuations in crude oil prices affect their prices. For instance, in 2020, the average price of ethylene worldwide accounted for around USD 697 per metric ton. Thus, fluctuations in crude oil prices negatively impact the final cost of benzene and affect the profit margins of manufacturers.

An increase in crude oil prices reduces drilling activities, which results in a demand-supply imbalance for key petroleum-based raw materials. Owing to the resultant rise in raw material prices, manufacturers undertake cost-cutting measures, such as workforce layoffs, production shutdown, or production capacity reduction. Thus, the fluctuation in crude oil prices may negatively impact the market during the forecast period.

Segmentation by Method, Derivative Type, and Geography 

Method Analysis 

The market share by the catalytic reforming segment will be significant during the forecast years. Catalytic reforming is the method by which a feed stream of paraffin, olefin, naphthene, etc., is transformed into aromatics that can be used as motor fuel blend stock or as an aromatic source for petrochemical products such as benzene, tetrabenzoene, and xylene. Depending on the characteristics of the feed stream and the catalysts in the method, the reformates may contain high concentrations of gasoline blenders and other petrochemical feedstocks. Hydrogen (a major by-product) is separated from reformates for recycling and other processes.

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The catalytic reforming segment accounted for USD 14.10 billion in 2018.  Additionally, in most processes, the active catalyst is platinum. In some cases, platinum is used in combination with a second catalytic catalyst (a bimetallic catalyst, e.g., rhenium/another noble metal). The catalytic reforming method produces less emission of harmful gas as it removes the by-product (hydrogen); thus, it is likely to boost the growth of the market through the catalytic reforming segment during the forecast period.

Derivative Type Analysis 

The styrene?segment will account for the largest share of this segment.? Styrene was the most widely produced and used benzene derivative in 2019. The market share of styrene is expected to decline marginally over the forecast period. It is primarily used to produce polystyrene plastics and resins. Further, styrene is naturally found in cranberry, bilberry, currants, grape, vinegar, parsley, milk and dairy products, whiskey, cocoa, coffee, tea, roasted filberts, and peanuts. It is also used as a flavoring agent. The growth of styrene in the market is expected to grow during the forecast period due to increasing demand for styrene from rubber and polymer manufacturers.

Region Analysis

APAC is estimated to contribute 51% to the growth of the global market during the projection period.
Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.

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Market growth in  APAC could be attributed to the rapid industrialization, population growth, and urbanization in the countries of this region. Many global companies, especially those operating in the manufacturing sector, are focusing on establishing production facilities and R&D centers in APAC. This is due to the favorable government policies, availability of low-cost resources and a skilled workforce, and low operational and labor costs in the region.

Moreover, the upswing in market growth in countries such as India, China, Indonesia, South Korea, and Japan will provide notable prospects for the market in this region. In Indonesia, the market for benzene is expected to grow because of the rising population, which will result in an increase in the use of benzene to manufacture derivatives, such as cumene, styrene, and cyclohexane.  Hence, such factors are expected to drive market growth in this region during the forecast period. 

Key Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

  • BASF SE: The company offers benzene which is produced in steam crackers from naphtha or natural gas, under the Cracke product line.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

Arsol Aromatics GmbH and Co. KG, Borealis AG, BP Plc, Braskem SA, Chevron Corp., China National Petroleum Corp., China Petrochemical Corp., Dow Chemical Co., Eastman Chemical Co., ENEOS Holdings Inc., Exxon Mobil Corp., Indian Oil Corp. Ltd., LyondellBasell Industries N.V., Merck KGaA, Mitsubishi Chemical Group Corp., Repsol SA, Saudi Basic Industries Corp., Shell plc, and TotalEnergies SE

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report predicts market growth by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends opportunities from 2018-2028. 

  • Method Outlook 
    • Catalytic reforming
    • Steam cracking
    • Others
  • Derivative Type Outlook
    • Styrene
    • Cumene
    • Cyclohexane
    • Aniline
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The Benzene market is influenced by various factors, including phenol consumption and the demand for methylene diphenyl diisocyanate (MDI), which is crucial in polyester production. Packaging plays a significant role in distributing benzene products efficiently. Furthermore, understanding company-wise production and capacity is essential, along with optimizing network layouts of distributors and partners to ensure smooth operations. Price trend analysis helps stakeholders make informed decisions, while deficit analysis reveals gaps in the supply chain and demand.

Additionally, benzene serves as a vital aromatic hydrocarbon and petrochemical industrial solvent, contributing to the production of alkyl benzene, chlorobenzene, ethylbenzene, and nitrobenzene. Its applications span across various sectors, including consumer products, electrical & electronics, and medical industries. Thus, the market dynamics are characterized by the rising demand for polyester and the steady increase in phenol consumption, indicating sustained growth prospects in the industry.

Market Scope

Report Coverage

Details

Page number

177

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.77%

Market Growth 2024-2028

USD 7.01 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

3.43

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 51%

Key countries

US, China, South Korea, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Arsol Aromatics GmbH and Co. KG, BASF SE, Borealis AG, BP Plc, Braskem SA, Chevron Corp., China National Petroleum Corp., China Petrochemical Corp., Dow Chemical Co., Eastman Chemical Co., ENEOS Holdings Inc., Exxon Mobil Corp., Indian Oil Corp. Ltd., LyondellBasell Industries N.V., Merck KGaA, Mitsubishi Chemical Group Corp., Repsol SA, Saudi Basic Industries Corp., Shell plc, and TotalEnergies SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market forecast during the forecast period
  • Detailed information on factors that will drive the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Method
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Derivative Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global benzene market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global benzene market 2018 - 2022 ($ billion)
    • 4.2 Method Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Method Segment 2018 - 2022 ($ billion)
    • 4.3 Derivative Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Derivative Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Method

    • 6.1 Market segments
      • Exhibit 30: Chart on Method - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Method - Market share 2023-2028 (%)
    • 6.2 Comparison by Method
      • Exhibit 32: Chart on Comparison by Method
      • Exhibit 33: Data Table on Comparison by Method
    • 6.3 Catalytic reforming - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Catalytic reforming - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Catalytic reforming - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Catalytic reforming - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Catalytic reforming - Year-over-year growth 2023-2028 (%)
    • 6.4 Steam cracking - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Steam cracking - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Steam cracking - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Steam cracking - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Steam cracking - Year-over-year growth 2023-2028 (%)
    • 6.5 Others - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Method
      • Exhibit 46: Market opportunity by Method ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Method ($ billion)

    7 Market Segmentation by Derivative Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Derivative Type - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Derivative Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Derivative Type
      • Exhibit 50: Chart on Comparison by Derivative Type
      • Exhibit 51: Data Table on Comparison by Derivative Type
    • 7.3 Styrene - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Styrene - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Styrene - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Styrene - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Styrene - Year-over-year growth 2023-2028 (%)
    • 7.4 Cumene - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Cumene - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Cumene - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Cumene - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Cumene - Year-over-year growth 2023-2028 (%)
    • 7.5 Cyclohexane - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Cyclohexane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Cyclohexane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Cyclohexane - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Cyclohexane - Year-over-year growth 2023-2028 (%)
    • 7.6 Aniline - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Aniline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Aniline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Aniline - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Aniline - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by Derivative Type
      • Exhibit 72: Market opportunity by Derivative Type ($ billion)
      • Exhibit 73: Data Table on Market opportunity by Derivative Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 South Korea - Market size and forecast 2023-2028
      • Exhibit 107: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 BASF SE
              • Exhibit 127: BASF SE - Overview
              • Exhibit 128: BASF SE - Business segments
              • Exhibit 129: BASF SE - Key news
              • Exhibit 130: BASF SE - Key offerings
              • Exhibit 131: BASF SE - Segment focus
            • 12.4 Borealis AG
              • Exhibit 132: Borealis AG - Overview
              • Exhibit 133: Borealis AG - Business segments
              • Exhibit 134: Borealis AG - Key offerings
              • Exhibit 135: Borealis AG - Segment focus
            • 12.5 BP Plc
              • Exhibit 136: BP Plc - Overview
              • Exhibit 137: BP Plc - Business segments
              • Exhibit 138: BP Plc - Key news
              • Exhibit 139: BP Plc - Key offerings
              • Exhibit 140: BP Plc - Segment focus
            • 12.6 Braskem SA
              • Exhibit 141: Braskem SA - Overview
              • Exhibit 142: Braskem SA - Business segments
              • Exhibit 143: Braskem SA - Key offerings
              • Exhibit 144: Braskem SA - Segment focus
            • 12.7 Chevron Corp.
              • Exhibit 145: Chevron Corp. - Overview
              • Exhibit 146: Chevron Corp. - Business segments
              • Exhibit 147: Chevron Corp. - Key news
              • Exhibit 148: Chevron Corp. - Key offerings
              • Exhibit 149: Chevron Corp. - Segment focus
            • 12.8 China National Petroleum Corp.
              • Exhibit 150: China National Petroleum Corp. - Overview
              • Exhibit 151: China National Petroleum Corp. - Product / Service
              • Exhibit 152: China National Petroleum Corp. - Key offerings
            • 12.9 China Petrochemical Corp.
              • Exhibit 153: China Petrochemical Corp. - Overview
              • Exhibit 154: China Petrochemical Corp. - Business segments
              • Exhibit 155: China Petrochemical Corp. - Key offerings
              • Exhibit 156: China Petrochemical Corp. - Segment focus
            • 12.10 Dow Chemical Co.
              • Exhibit 157: Dow Chemical Co. - Overview
              • Exhibit 158: Dow Chemical Co. - Business segments
              • Exhibit 159: Dow Chemical Co. - Key news
              • Exhibit 160: Dow Chemical Co. - Key offerings
              • Exhibit 161: Dow Chemical Co. - Segment focus
            • 12.11 Eastman Chemical Co.
              • Exhibit 162: Eastman Chemical Co. - Overview
              • Exhibit 163: Eastman Chemical Co. - Business segments
              • Exhibit 164: Eastman Chemical Co. - Key offerings
              • Exhibit 165: Eastman Chemical Co. - Segment focus
            • 12.12 ENEOS Holdings Inc.
              • Exhibit 166: ENEOS Holdings Inc. - Overview
              • Exhibit 167: ENEOS Holdings Inc. - Product / Service
              • Exhibit 168: ENEOS Holdings Inc. - Key offerings
            • 12.13 Exxon Mobil Corp.
              • Exhibit 169: Exxon Mobil Corp. - Overview
              • Exhibit 170: Exxon Mobil Corp. - Business segments
              • Exhibit 171: Exxon Mobil Corp. - Key news
              • Exhibit 172: Exxon Mobil Corp. - Key offerings
              • Exhibit 173: Exxon Mobil Corp. - Segment focus
            • 12.14 Indian Oil Corp. Ltd.
              • Exhibit 174: Indian Oil Corp. Ltd. - Overview
              • Exhibit 175: Indian Oil Corp. Ltd. - Business segments
              • Exhibit 176: Indian Oil Corp. Ltd. - Key offerings
              • Exhibit 177: Indian Oil Corp. Ltd. - Segment focus
            • 12.15 Repsol SA
              • Exhibit 178: Repsol SA - Overview
              • Exhibit 179: Repsol SA - Product / Service
              • Exhibit 180: Repsol SA - Key offerings
            • 12.16 Saudi Basic Industries Corp.
              • Exhibit 181: Saudi Basic Industries Corp. - Overview
              • Exhibit 182: Saudi Basic Industries Corp. - Business segments
              • Exhibit 183: Saudi Basic Industries Corp. - Key offerings
              • Exhibit 184: Saudi Basic Industries Corp. - Segment focus
            • 12.17 Shell plc
              • Exhibit 185: Shell plc - Overview
              • Exhibit 186: Shell plc - Business segments
              • Exhibit 187: Shell plc - Key offerings
              • Exhibit 188: Shell plc - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 189: Inclusions checklist
                • Exhibit 190: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 191: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 192: Research methodology
                • Exhibit 193: Validation techniques employed for market sizing
                • Exhibit 194: Information sources
              • 13.5 List of abbreviations
                • Exhibit 195: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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