Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

My Logins

All Customer Logins
S&P Global Commodity Insights
  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Engineering Solutions
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
Close
Discover more about S&P Global’s offerings.
Investor Relations
  • Investor Relations Overview
  • Presentations
  • Investor Fact Book
  • News Releases
  • Quarterly Earnings
  • SEC Filings & Reports
  • Executive Committee
  • Merger Information
  • Governance
  • Stock & Dividends
  • Shareholder Services
  • Contact
English
  • Español
  • 中文网站
  • Português
  • 한국어
  • हिंदी
  • English (Australia)
  • 日本語
Support
  • Get Support
  • System Notifications
  • Delivery Platforms
  • Regulatory Engagement
Login
  • Commodity Insights Login
  • Access IHS Markit Products
Register
  • Commodities
  • Products & Services
  • Methodology
  • Market Insights
  • Energy Transition
  • Events
  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Engineering Solutions
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
  • Oil Upstream LNG Natural Gas Electric Power Coal Shipping Petrochemicals Metals Agriculture
    Latest in Commodities
    Listen: The future of naphtha and diesel flows after EU sanctions

    What will replace Russian diesel and naphtha flows to Europe after EU sanctions take effect on 5...

    UK's January road fuel sales recover to highest for month since 2020

    The UK's road fuel sales recovered from seasonal lows in January to hit their highest average for...

    China to cut clean oil product exports in Feb amid strong domestic demand

    China's refineries will cut clean oil product exports in February as domestic demand in January was...

  • Oil LNG Natural Gas Electric Power Coal Shipping Petrochemicals Metals Agriculture Energy Transition
    I Need
    Market Insights and Analytics Commodity Prices and Essential Market Data Real-Time News, Prices and Analysis Maps and Geospatial Data Forward Curves and Risk Valuation Data
    Data and Partner Delivery
  • Our Methodology Methodology & Specifications Price Assessments Subscriber Notes Price Symbols Symbol Search & Directories Corrections Complaints
    References
    Market On Close Index Sourced Data (Survey) Methodology Review & Change MOC Participation Guidelines Holiday SEE ALL REFERENCE TOOLS
  • Latest News Headlines All Topics Videos Podcasts Special Reports Infographics Insights Magazine Insight Blog    Research & Analysis Top 250 Rankings   
    Latest in Market Insights
  • PLATTS ANALYTICS PRODUCT PLATFORM
    ACCESS ANALYTICS HUB
  • All Events Webinars Conferences Methodology Education Training and eLearning Forums Global Energy Awards    Global Metals Awards   
    Featured Events
    Forums London Energy Forum
    • 27 Feb 2023
    • London
    Forums CERAWeek
    • 27 Feb 2023
    • London
    Conferences ,Forums FUJCON 2023
    • 13 Mar 2023
    • Fujairah, UAE

Benzene

Chemical Economics Handbook

Published December 2022

The primary chemicals produced from benzene are ethylbenzene, cumene, cyclohexane, and nitrobenzene. Ultimately, benzene is used in a wide range of downstream sectors including construction, automobiles, electronics, and appliances, as well as other diverse durables and consumables. Over the past decade, benzene consumption has shifted from the West (Western Europe, North America) to the East (Northeast Asia, Middle East, Southeast Asia), and mainland China has become an increasingly important influence on the global benzene market.

Over the past decade, mainland China has accounted for almost all the additional benzene requirements globally by adding derivatives capacity, and so, mainland Chinese benzene consumption has increased at a much higher average rate than any other region. Over the same period, a decline or stagnation of demand was recorded for all other regions except the Middle East and Southeast Asia. Global demand for benzene grew significantly during 2017–18, but started to slow in 2019 and then fell in 2020 because of the COVID-19 pandemic and the diverse government lockdowns that followed in most major economies. However, markets have broadly recovered during 2021–22 from both supply and demand perspectives, despite some persisting shipping bottlenecks.

The following pie chart shows world consumption of benzene:

Benzene production is influenced by many different dynamics that vary from one region to the next. As benzene is produced primarily as a coproduct, its supply is not driven by global benzene demand but rather by demand for other products (gasoline, ethylene, p-xylene, steel). With a wide variety of potential sources available (refineries, steam crackers, PX units, coke ovens), the benzene market equilibrium is quite complex and is analyzed in detail in this report.

Over the forecast period and beyond, several trends are projected to alter the course of development of the benzene market globally; changes in mobility solutions, sustainability targets, growing environmental consumer awareness, changing regulations pertaining to the use of plastics in packaging, and increasing recycling activity are all expected to impact benzene consumption in the medium-to-long term.

For more detailed information, see the table of contents, shown below.

IHS Markit’s Chemical Economics Handbook – Benzene is the comprehensive and trusted guide for anyone seeking information on this industry. This latest report details global and regional information, including

Key benefits

IHS Markit’s Chemical Economics Handbook – Benzene has been compiled using primary interviews with key suppliers and organizations, and leading representatives from the industry in combination with IHS Markit’s unparalleled access to upstream and downstream market intelligence and expert insights into industry dynamics, trade, and economics. This report can help you

  • Identify trends and driving forces influencing chemical markets
  • Forecast and plan for future demand
  • Understand the impact of competing materials
  • Identify and evaluate potential customers and competitors
  • Evaluate producers
  • Track changing prices and trade movements
  • Analyze the impact of feedstocks, regulations, and other factors on chemical profitability

Go to Customer Login

Email

Buy individual report now

Contact:
customercare@ihsmarkit.com

Find the chemical expertise you need

Contact a chemical expert or request a demo today.
Get started

View Report

Table of Contents

Section Page Number

Executive summary 7
Summary 9
Introduction 13
Sources 15
Petroleum-derived benzene 15
Catalytic reformate 16
Pyrolysis gasoline 17
Toluene disproportionation, selective disproportionation, and transalkylation 17
Toluene hydrodealkylation 18
Dealkylation of higher alkyl aromatics 19
Isomerization of xylenes and mixed stream conversion 19
Liquefied petroleum gas 19
Coal-derived benzene 19
Health and environmental issues 20
Supply and demand by region 21
World 21
Capacity 21
Producing companies 23
Salient statistics 24
Consumption 26
Ethylbenzene/styrene 27
Cumene/phenol/acetone 28
Cyclohexane/cyclohexene 29
Nitrobenzene 29
Other applications 30
Alkylbenzene 30
Maleic anhydride 30
Chlorobenzene 30
Benzene sulfonic acid 30
Biphenyl 31
Hydroquinone 31
Resorcinol 31
Solvent 31
Price 31
Trade 32
North America 34
Overview 34
Capacity 34
Salient statistics 36
Consumption 37
Trade 38
United States 39
Producing companies 39
Salient statistics 41
Consumption 42
Ethylbenzene/styrene 44
Cumene/phenol/acetone 44
Nitrobenzene 45
Cyclohexane/cyclohexene 45
Other applications 45
Trade 46
Canada 46
Producing companies 46
Salient statistics 48
Consumption 48
Trade 50
Mexico 50
Producing companies 50
Salient statistics 51
Consumption 52
Trade 54
Central and South America 54
Producing companies 54
Salient statistics 57
Consumption 57
Trade 59
Western Europe 60
Producing companies 60
Salient statistics 63
Consumption 64
Ethylbenzene/styrene 65
Cumene/phenol/acetone 66
Nitrobenzene 66
Other applications 66
Trade 66
Central and Eastern Europe 67
Producing companies 67
Salient statistics 69
Consumption 70
Trade 72
CIS and Baltic States 73
Producing companies 73
Salient statistics 75
Consumption 76
Trade 78
Middle East 79
Producing companies 79
Salient statistics 82
Consumption 83
Trade 85
Africa 86
Producing companies 86
Salient statistics 87
Consumption 88
Trade 89
Indian Subcontinent 90
Producing companies 90
Salient statistics 92
Consumption 93
Trade 96
Northeast Asia 96
Overview 96
Capacity 96
Salient statistics 98
Consumption 99
Trade 102
Mainland China 103
Producing companies 103
Salient statistics 111
Consumption 112
Ethylbenzene/styrene 113
Cyclohexane/ene 114
Nitrobenzene 114
Cumene/phenol/acetone 115
Other applications 115
Trade 115
Japan 116
Producing companies 116
Salient statistics 119
Consumption 120
Trade 122
South Korea 122
Producing companies 122
Salient statistics 125
Consumption 126
Trade 129
Taiwan 130
Producing companies 130
Salient statistics 131
Consumption 132
Trade 133
Southeast Asia 134
Producing companies 134
Salient statistics 138
Consumption 139
Trade 141
Additional resources 143
Revisions 144
Data Workbook 145

Products & Solutions from related industries

Chemical Image

Cyclohexane China Report

Chemical Image

Acetaldehyde - Chemical Economics Handbook (CEH)

Chemical Image

Acetic Anhydride - Chemical Economics Handbook (CEH)

Chemical Image

Acetic Acid - Chemical Economics Handbook (CEH)

Chemical Image

Acetone - Chemical Economics Handbook (CEH)

Chemical Image

Acetonitrile - Chemical Economics Handbook (CEH)

Chemical Image

Acetylene - Chemical Economics Handbook (CEH)

Chemical Image

Acrylamide - Chemical Economics Handbook (CEH)

Chemical Image

Acrylic Acid, Acrylate Esters and Polymers - Chemical Economics Handbook (CEH)

Chemical Image

Acrylic and Modacrylic Fibers - Chemical Economics Handbook (CEH)

Chemical Image

Acrylic Surface Coatings - Chemical Economics Handbook (CEH)

Chemical Image

Acrylonitrile-Butadiene-Styrene (ABS) Resins -Chemical Economics Handbook-CEHl Economics Handbook (CEH)

Chemical Image

Acrylonitrile - Chemical Economics Handbook (CEH)

Chemical Image

Adipic Acid - Chemical Economics Handbook (CEH)

Chemical Image

Activated Carbon - Chemical Economics Handbook (CEH)

Chemical Image

Air Separation Gases - Chemical Economics Handbook (CEH)

Chemical Image

Alkyd/Polyester Surface Coatings - Chemical Economics Handbook (CEH)

Chemical Image

Alkyl Acetates - Chemical Economics Handbook (CEH)

{"items" : [ {"name":"chat","enabled":true,"desc":"Chat Now","mobdesc":"Chat","mobmsg":"Welcome! How can we help you today?"}, {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fbenzene-chemical-economics-handbook.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fbenzene-chemical-economics-handbook.html&text=Benzene+-+Chemical+Economics+Handbook+(CEH)+%7c+S%26P+Global","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fbenzene-chemical-economics-handbook.html","enabled":true},{"name":"email","url":"?subject=Benzene - Chemical Economics Handbook (CEH) | S&P Global&body=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fbenzene-chemical-economics-handbook.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Benzene+-+Chemical+Economics+Handbook+(CEH)+%7c+S%26P+Global http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fbenzene-chemical-economics-handbook.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}
Filter Sort
  • About S&P Global Commodity Insights
  • Media Center
  • Advertisers
  • Locations
  • Get Support
  • Contact Us
  • Careers
  • Corporate Responsibility
  • History
  • Investor Relations
  • Leadership
  • Glossary
  • © 2023 by S&P Global Inc. All rights reserved.
  • Terms of Use
  • Do Not Sell My Personal Information
  • Privacy Policy & Cookie Notice
  • Site Map