Petrochemicals Industry To Grow Substantially At A CAGR Of 5.1% During 2023 To 2030
Petrochemicals Industry Data Book Covers Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene and Methanol Markets. The economic value generated by the petrochemicals markets was estimated at approximately USD 556.1 billion in 2021. This economic output is an amalgamation of basic petrochemical products, namely, ethylene, propylene, butadiene, methanol and aromatics including benzene, toluene and xylene. Benzene Market Report Highlights The global benzene market size was estimated at 55.8 Million Tons in 2021, and it is expected to reach USD 74.32 billion by 2030. The market is expected to expand at a CAGR of CAGR (2022-2030) - 4.1%. The global market is estimated to advance with a growth rate at a CAGR of 6.1% from 2022 to 2030. This is attributed to the wide range of uses of the product in industries such as automobile, personal care, pharmaceuticals, packaging, and others Asia Pacific dominated the global market in 2022 with a revenue share of over 45.20%. Th...