Ethylbenzene Market Size, Scope, Growth, Competitive Analysis 2022

Precision Business Insights published a research report on " Ethylbenzene Market By Application Type (Solvent, Fuels, Paints, Lacquers, Adhesives, Inks, Cleaning Materials, Others), By End User Type (Plastic, Electronics, Paints & Coatings, Agriculture, Rubber, Others) - Global/Region/Country Forecast to 2028"

Ethylbenzene is a colourless, combustible chemical compound. Natural sources of ethylbenzene include coal tar as well as petroleum. Ethylbenzene is made on a big scale by combining benzene and ethylene in a chemical process catalysed by acid. Ethylbenzene is utilised as a styrene intermediate, as well as an anti-knock ingredient in gasoline. Pesticides, paints, inks, and other items containing ethylbenzene can also be discovered. It can also be utilised for natural gas recovery. Ethylbenzene is widely used in industries also including packaging, electronics, and construction.

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Due to rising uses in styrene production, which is used in growing synthetic rubber and other end-use sectors, the worldwide ethylbenzene market is predicted to grow significantly over the forecast period. Ethylbenzene is primarily used in the synthesis of styrene, which is used to make SBR, ABS plastic, and polystyrene in the developing polymer sector. Ethylbenzene is also used as a chemical intermediary in the manufacture of a variety of other compounds. The demand for ethyl benzene in a variety of applications is likely to grow in emerging economies as their chemical industries develop. Ethylbenzene is widely used in the coatings industry to make paints, varnishes, and lacquers. It is also utilised as an active ingredient in the manufacturing of pesticides in the agricultural industry. Agricultural and pesticide sectors are predicted to benefit from rising population and associated food demand.
Ethylbenzene is a gasoline additive that is gaining favour as an anti-knocking ingredient. The worldwide ethylbenzene market is expected to be driven by rising ethyl benzene uses in natural gas extraction as a result of rising energy needs over the projected period.

The Ethylbenzene Market is fragmented on the basis of Application, which is further divided into Styrene, Diethylbenzene, Gasoline, Natural Gas, Paint, and Asphalt and Naptha. On the basis of End-user Industry, the market is categorized into Packaging, Construction, Electronics, Agriculture, Automotive and Other Applications.

Due to increased development activities in the region's growing economies, such as India and China, enormous ethyl benzene demand is expected in Asia Pacific. Brazil's industrial boom is also projected to contribute to rising Latin American demand. Over the next seven years, product demand from South Korea and Japan is expected to drive the Asia Pacific region's sector. Owing to the growing use of ethyl benzene in the synthetic rubber and polymer industries, North America and Europe are expected to see increasing product demand. The United States is predicted to contribute the most to North American product demand.

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There are several industry players working in the Ethylbenzene Market, which include Allurion Technologies (U.S.) Silimed inc. (Brazil) Obalon Therapeutics Inc. (U.S.) Districlass Medical (S.A.) (France) ReShape Medical Inc. (U.S.)

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