The United Kingdom Benzene Market Projected to Reach 374 Thousand Tons in 2023

11.07.2019

The United Kingdom benzene market was equal to 518 thousand tons in 2013. The largest share of benzene consumption in the same year was for the production of nitrobenzenes, which accounted for around 50.6% of the total in volume terms. The only chemical that has not been decreasing during the period is benzene miscellaneous. Until 2023, the United Kingdom market is forecast to reach 374 thousand tons, thus decreasing at a CAGR of about -0.05% per annum in the period 2018-2023. This is an increase, compared to the decline at a CAGR of around -7.51% per year, registered in 2013-2017.

The United Kingdom production of benzene is expected to stabilize at around 350 thousand tons in the medium term. Flat dynamics of the overall installed production capacities and their annual average utilization rates in the country are also expected. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing mixed dynamics in the medium term.

The insights are from a recently published report about the United Kingdom benzene market. As an overall, the report presents a strategic analysis of the benzene market in the United Kingdom 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:

* Essar Oil;

* Ineos Olefins And Polymers Europe;

* Phillips 66 (New);

* Sabic Europe.

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.

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