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Benzene Market 2019 Global Industry Analysis, Size, Growth and Forecast Report Up To 2026

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Geeta Desai
Benzene Market 2019 Global Industry Analysis, Size, Growth and Forecast Report Up To 2026

Benzene is an important organic chemical compound with the chemical formula C6H6. The benzene molecule is composed of six carbon atoms joined in a ring with one hydrogen atom attached to each. As it contains only carbon and hydrogen atoms, benzene is classed as a hydrocarbon.

Benzene is one of the natural components of crude oil. It is a highly flammable colorless liquid with a sweet odor. Benzene is primarily used as an intermediate to make chemicals such as styrene, ethylbenzene, cumene, cyclohexane, and nitrobenzene. More than 50% of the entire benzene produced is processed into styrene, which is used to make plastics and polymers. A small amount of benzene is used to make rubbers, detergents, explosives, lubricants, dyes, drugs, and pesticides.

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The rapidly growing industries such as packaging, construction, bulk chemicals & materials, automotive, textiles and building & construction have substantially driven the applications for the benzene derivatives globally influencing the benzene market growth. Rising population in tandem with the increase in disposable incomes has led to growth of many consumer products and bulk materials. Low cost of the feedstock and economical commodity product prices have also contributed to the higher consumption of benzene derivatives.

Read More @ https://www.marketwatch.com/press-release/global-benzene-market-insights-and-in-depth-analysis-2019-2026-by-sinopec-exxon-mobil-shell-dowdupont-jxtg-2019-12-04

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