The North American Benzene Market Is Forecast to Grow at a CAGR of 0.7% Per Year in 2018-2023

 
 
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benzene market in America

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SOFIA, Bulgaria - June 26, 2019 - PRLog -- According to a recently published report about the North American benzene market, it was equal to 8.297 million tons in 2013. The largest country market within the region was the United States, which in 2013 accounted for a share of 92% of the total in volume terms. Until 2023, the North American market is forecast to reach around 8.4 million tons, thus growing at a CAGR of about 0.7% per annum in the period 2018-2023. This is a slight increase, compared to the decline at a CAGR of around 0.8% per year, registered in 2013-2017.

The analytical research projects that the North American production of benzene is likely to grow to around 6.7 million tons in the medium term. Similar dynamics of the overall installed production capacities in the region and their annual average utilization rates are also expected. In addition, the market is forecast to become relatively unbalanced in terms of supply and demand, also showing moderately upward dynamics in the medium term.

As an overall, the report presents a strategic analysis of the benzene market in North America and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.

The research report has been prepared using the unique Williams and Marshall Strategy's methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.

The report includes information on the following companies:

•        Alon USA Partners LP;

•        Basf Total Pc;

•        Bp Chemicals;

•        Chevron Phillips Chemical;

•        Citgo Petroleum Corporation;

•        Dow Chemical;

•        Equistar Chemicals;

•        Exxonmobil Chemical;

•        Flint Hills Resources;

•        Frontier Refining Company;

•        Husky Energy;

•        Marathon Petroleum Corporation;

•        Nova Chemicals;

•        Philadelphia Energy Solutions;

•        Phillips 66 (New);

•        Shell Chemicals;

•        Toledo Refining;

•        Total Petrochemicals;

•        Valero Refining;

•        Wrb Refining;

•        Imperial Oil Ltd;

•        Nova Chemicals;

•        Parachem Chemicals;

•        Shell Canada Ltd.;

•        Suncor Energy Inc.;

•        Pemex Petroquimica.

You can find more information about this report here: https://www.wm-strategy.com/catalog/product/view/id/125886/s/north-america-benzene-market/. This report can be customized, based on the particular data and insight needs and requirements of each client. For this and other similar product groups, single-country, regional and global reports can be provided for all global countries and regions. Williams and Marshall Strategy also offers Custom Research Services, providing focused and comprehensive solutions, tailor-made to fit the requirements of each individual client. Feel free to visit our online store and contact us for more information at: http://www.wm-strategy.com.

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