Benzene Market Size Is Expected To Reach USD 74.32 Billion By 2030
San Francisco, 27 July 2023: The Report Benzene Market Size, Share & Trends Analysis Report Derivative By End-use, By Production Process (Catalytic Reforming), By Region, And Segment Forecasts, 2022 - 2030 The global benzene market size is expected to reach USD 74.32 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.1% from 2022 to 2030. The industry growth is majorly driven by the growing chemical industry and increasing demand for polymers, polyester fibers, increasing consumption of household cleaning products, and other derivatives of benzene in end-use industries such as automobile, textile, pharmaceutical, packaging, personal care, and others. Benzene is an essential feedstock that is used to further manufacture various chemicals and derivatives for serving different industries. These industries use benzene to manufacture other chemicals which are then further used to make plastic, nylon, resins, and synt