"Impact of COVID-19 on the Benzene Market: Regional Analysis and Future Prospects"
Benzene market is anticipated to grow at a CAGR of 2.59%
during the forecast period from 2021 to 2028. The market growth is primarily
driven by the increasing demand for styrene polymers from various end-user
industries. Benzene is a colorless, highly flammable, sweet-smelling aromatic
hydrocarbon and a petrochemical industrial solvent. It has a tendency to
rapidly evaporate when exposed to air and is used in a variety of applications
including consumer products, transportation, electrical & electronics,
construction, and medical industries. Additionally, benzene has various
derivatives such as cumene, aniline, alkyl benzene, chlorobenzene, cyclohexane,
ethyl benzene, nitrobenzene, phenol, among others.
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