Reports and Data’s latest industry analysis report is a reliable source of information on the global Ethylbenzene industry and its key segments. The report lays stress on the current market size, market share and key market dynamics including drivers, restraints, opportunities, supply & demand ratios, upcoming market trends, technological innovations, and value chain analysis. The accurate market projections contained in the report are predicated on historical and present market data and effective research methodologies. The report presents quantitative and qualitative industry insights, along with vital information related to market revenue growth rate, industry annual sales, regional outlook, product type & application ranges, and key industry statistics. Furthermore, the report discusses some major challenges, imminent threats, unfavorable government policies, and stringent regulatory frameworks in the market that are likely to negatively impact its growth in the years to come.
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Further key findings from the report suggest
- By application, styrene contributed to the largest market share in 2018 and is expected to grow at a rate of 3.4% in the forecast period. The high demand for styrene across the globe is owing to the growth of the packaging and construction industry, which has resulted from the growing demand for consumer goods and infrastructure facilities, particularly in developing regions such as Asia Pacific.
- By industry vertical, the packaging industry dominated the market in 2018 and is estimated to grow at a rate of 2.8% in the forecast period. Polystyrene, a polymer of styrene, finds usage in the packaging industry as it is lightweight, strong in compression and thus safeguards delicate objects in case of being crushed or dropped. Also, it is a very good insulator, which enables it a strong electrostatic attraction to other objects, causing it to stick to things easily.
- By distribution channel, offline channel held a larger market share in 2018.
- The market in the Asia Pacific region dominated the largest market share in 2018 and is expected to grow at a rate of 4.1% in the forecast period. The market dominance of the APAC region is owing to the growth of the packaging industry due to the thriving e-commerce industry and online food & beverage delivery services that demands proper packaging to secure the products and enhance its shelf life.
- Key participants include Chevron Philips Chemical Company, LyondellBasell Industries Holdings Limited, Versalis, Synthos, Carbon Holdings, Tianjin, Jixin, Industrial & Trade Co. Ltd., Changzhou Dohow Chemical Co. Ltd., Honeywell, Westlake Chemical Corporation, and Dow Chemicals, among others.
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For the purpose of this report, Reports and Data have segmented the global ethylbenzene market on the basis of application, industry vertical, distribution channel, and region:
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Styrene
- Gasoline
- Natural Gas
- Asphalt
- Naphtha
- Others
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Packaging
- Electrical & Electronics
- Building & Construction
- Consumer Products
- Others
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Online
- Offline
Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
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