The global benzene market grew to over 29 million tons in 2010, with a large part of the growth in benzene originating from Asia Pacific. The Asia Pacific region will see its percentage of benzene demand growing to 61.6% of the global benzene market in 2020, according to a report available from market research specialists www.companiesandmarkets.com.

China has emerged as a petrochemical manufacturing hub in recent years, since the costs of production are low in comparison with traditional manufacturing locations. China also imports a large amount of benzene to produce ethylbenzene, cumene, nitrobenzene, cyclohexane and Linear Alkyl Benzene (LAB).

In addition, the Middle East, has recently grown as a production hub for certain commodities, principally due to the easy access to low cost natural gas and crude oil. Ethylbenzene/styrene monomer and cumene/phenol have demand shares of 52.6% and 18.3% of global benzene market respectively, leading end-use segments for benzene in 2010. Together they constitute more than 70% of global benzene demand. Other uses such as cyclohexane, nitrobenzene and LAB collectively consumed less than 15% of the global benzene demand in 2010. With further evolution of the global market and more utilization of rubber products, coatings and adhesives the dominance of ethylbenzene and cumene is expected to strengthen, increasing their consumption share in the overall benzene demand.

The new report, Benzene Global Market to 2020, provides in-depth analysis of the global benzene market with demand and production forecasts up to 2020. The historical and forecast statistics of the market are provided for all the major regions and major countries of the world. The factors that drive and restrain the growth of the benzene market are also analyzed in the report. The research also presents end use trend analysis and forecast of benzene for all the major regions and countries. The research includes analysis and forecast on benzene price and international trade for all the major countries. In addition, the research also provides capacity share analysis of the leading benzene producers for all the major regions and countries of the world.