India Benzene Market By Derivative (Ethylbenzene, Aniline, Phenol, Alkyl Benzene, Styrene, Cumene, Cyclohexane, Nitrobenzene, Others), By End User (Automotive, Mechanical & Engineering, Construction, Chemical, Oil & Gas, Petrochemical, Others), By Region, Competition, Forecast and Opportunities, 2019-2029
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Benzene Market By Derivative (Ethylbenzene, Aniline, Phenol, Alkyl Benzene, Styrene, Cumene, Cyclohexane, Nitrobenzene, Others), By End User (Automotive, Mechanical & Engineering, Construction, Chemical, Oil & Gas, Petrochemical, Others), By Region, Competition, Forecast and Opportunities, 2019-2029
| Forecast Period | 2025-2029 |
| Market Size, By Volume (2023) | 860.20 Thousand Tonnes |
| CAGR (2024-2029) | 3.90% |
| Fastest Growing Segment | Phenol |
| Largest Market | South India |
Market Overview
Key Market Drivers
Growing Demand of Benzene in Automotive Industry
Growing Demand of Benzene in Plastic and Polymers Industry
Key Market Challenges
Rising Cost of Raw Materials
Key Market Trends
Shift Towards Downstream Derivatives
Segmental Insights
Derivative Insights
End User Insights
Regional Insights
Recent Developments
- In January 2023, Reliance Industries, one of India's leadingconglomerates, and BASF, a global chemical company, joined hands in an excitingcollaboration aimed at revolutionizing the Indian market with innovativebenzene-based products. This strategic partnership aims to develop advancedbenzene-based solutions that not only enhance efficiency but also minimize theenvironmental footprint. By leveraging their combined expertise, RelianceIndustries and BASF are set to pave the way for a more sustainable andeco-friendly future in the Indian chemical industry.
- In February 2023, Indian Oil Corporation, India's largest oil and gascompany, and Haldor Topsoe, a renowned catalyst and technology provider,embarked on a groundbreaking collaboration to drive the development ofcutting-edge benzene production technologies in the Indian market. Thiscollaborative effort is focused on creating advanced and sustainable benzeneproduction methods that optimize efficiency and significantly reduce theenvironmental impact. By harnessing their collective knowledge and resources,Indian Oil Corporation and Haldor Topsoe are poised to reshape the landscape ofbenzene production in India, setting new benchmarks for sustainability andinnovation.
Key Market Players
- Hindustan Industrial Chemicals
- Akshar Chemical India Private Limited
- Garg Chemical Industries
- Vizag chemicals Pvt. Ltd.
- Surya Chem Industries
| By Derivative | By End User | By Region |
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