Global Benzene Market to Grow at a CAGR of 4.5% by 2030
According to ChemAnalyst report, “ Global Benzene Market: Plant Capacity, Production, End Use, Sales Channel, Region, Operating Efficiency, Demand & Supply, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the global Benzene market is projected to grow at a CAGR of 4.5% during the forecast period on account of robust rise in demand for styrene polymers from various end-user industries such as textile, packaging, building & construction, etc. backed by rise in demand for cumene for manufacturing phenol and acetone. Browse the Complete Report: Benzene Demand and Supply Sudden outbreak of novel coronavirus has exacerbated a sharp decline in 2020 Benzene demand, forecasted to dip by almost 2 per cent globally. Benzene margins are curtailed on both demand and supply side due to indefinite halt in industrial activities because of COVID-19. However, as situation in anticipated to improve with time, Benzene demand would rec...