The Ukrainian Benzene Market Projected to Reach 11 Thousand Tons in 2023
The Ukrainian benzene market was equal to 38 thousand tons in 2013. The largest share of benzene consumption in the same year was for the production of cyclohexane, which accounted for around 63.2% of the total in volume terms. The only chemical that has not been decreasing during the period is chlorobenzenes. Until 2023, the Ukrainian market is forecast to reach 11 thousand tons, thus growing at a CAGR of about 29.67% per annum in the period 2018-2023. This is an increase, compared to the decline at a CAGR of around -46.99% per year, registered in 2013-2017.
The Ukrainian production of benzene is expected to grow at around 70 thousand tons in the medium term. However, flat dynamics of the overall installed production capacities in the region are expected. Their annual average utilization rates are projected to increase. In addition, the market is forecast to remain relatively unbalanced in terms of supply and demand, also showing upwards dynamics in the medium term.
The insights are from a recently published report about the Ukrainian benzene market. As an overall, the report presents a strategic analysis of the benzene market in Ukraine 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 also focuses on product breakdown, offering a larger perspective on the market dynamics within the country.
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 country, 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:
You can find more information about this report here. 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.