(MENAFNEditorial) iCrowdNewswire - Nov 14, 2017
research report is a compilation of insight data on market size, growth and market trends that will help its buyer to capture opportunities, to know and minimize possible risks, to analyse the strategies of key companies in the market and to outline the performance of the market across regions etc.
Ethylbenzene is used to manufacture styrene monomer. Styrene monomers are used to manufacture several polymers known as styrenics. Styrenics include polystyrene copolymers such as acrylonitrile, acrylates, and various other blends. They assist as a precursor to polystyrene and various other copolymers. Ethylbenzene is used for styrene and chemical production. There are various types of styrenics such as polystyrene (PS), expanded polystyrene (EPS), acrylonitrile butadiene styrene (ABS), styrene acrylonitrile (SAN), styrene butadiene rubber (SBR), unsaturated polyester resin (UPR), extruded polystyrene (XPS), and styrene butadiene latex (SBL).
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Ethylbenzene Market Drivers, Challenges and Trends: –
Market Driver: – one of the major drivers for this market is increasing demand for styrenics. Most of the ethylbenzene is used in the production of styrenics. Hence, the demand for ethylbenzene is based primarily on the production of styrene. Styrenics includes polystyrene copolymers such as acrylonitrile and acrylates and various other blends. They assist as a precursor to polystyrene and various other copolymers. Styrene is derivative of benzene. It is a colorless and oily organic compound that tends to evaporate quickly. There are various types of styrenics such as PS, EPS, ABS and SAN, SBR, UPR, XPS, and SBL.
Market Challenge: – one of the major factors hindering the growth of this market is increasing demand for bioplastics over conventional plastics. Bioplastic is a biodegradable product, which is derived from sources that are renewable. These renewable sources include natural products such as potatoes, vegetable oil, corn starch, sugar cane, wheat, rice, pea starch, tapioca, grains, and cellulose from wood. Bioplastics are replacing conventional plastics due to their eco-friendly nature.
Market trend: – The latest trend gaining momentum in the market is key vendors focusing on manufacturing environment-friendly products. Innovation is the major factor that provides novel products to consumers. Synchronization of consumer needs and adherence to regulations and standards set by concerned governments can be achieved only through innovations. Companies are researching on monomer-free resins that would help to reduce VOC emissions. UPR is a derivative of styrene and has replaced solvent-containing varnish, which was earlier used as secondary insulation for windings in electrical motors. The usage of monomer-free UPR has reduced the emissions that occur during curing. This is because the varnishes contain about 50% of solvents, which must be removed during the curing process
Market segmentation by application: -for styrene production:- for chemical production ; Geographic Segmentation: – APAC, Europe, North America, ROW
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To determine the Ethylbenzene market size the report considers the retail selling price as the average selling price of the product. The report covers the market landscape and its growth prospects over the coming years. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Ethylbenzene market space like Chevron Philips Chemical Company, LyondellBasell Industries Holdings, Synthos S.A., Total, and Versalis.Other Prominent Vendors in the market are: Carbon Holding and many more.
Some key points of Ethylbenzene Market research report: –
What is status of Ethylbenzene Market? This Overview Includes Analysis of Market trends, Prospect, Growth trend, Key buying criteria, Product offerings, Key takeaways. What will the market size be in 2021 and what will the growth rate be?
What Is Ethylbenzene Competitive landscape considering Manufacturers, Types, Application; their business segmentation by revenue?
Market Effect Factors Analysis: What Are Drivers, Challenges and their impact? What are the crucial market trends?
Decision framework of Ethylbenzene Industry; Consumer Needs or What Change Is Observed in Preference of Customer of Ethylbenzene Market
What is Ethylbenzene Market forecast Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types and Applications?
This report provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.
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