Why did the Benzene Price Change in July 2025? U.S. Benzene Spot Prices were relatively flat during Q2 2025, buoyed by consistent local production and muted downstream demand. The Price Index fluctuated around multi-week means as a result of balanced market fundamentals.

After reaching a low of *** U.S. dollars per metric ton in 2020, the global price of benzene increased rapidly over the following two years, before again declining to an average of *** U.S. dollars per metric ton in 2022. Uses of benzene Benzene is one of the most common products in the petrochemical industry, accounting for roughly ** percent of primary petrochemical consumption worldwide. The compound is the simplest aromatic hydrocarbon and it is used widely for the manufacture of organic chemicals with more complex structures. For instance, most of the benzene produced is transformed to ethylbenzene, which is then converted to styrene, and finally, polystyrene. Other important applications include the production of phenol and acetone. Global benzene market The global market volume of benzene amounted to nearly ***** million metric tons in 2022 and it is expected to reach over ** million metric tons by 2023. Regarding the market value of the petrochemical compound, it stood at over ***** billion U.S. dollars in 2022 and is forecast to rise considerably to some ****** billion U.S. dollars. In 2021, South Korea, India, and Thailand were the largest exporters of benzene worldwide.

Get the latest insights on price movement and trend analysis of Benzene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Global Benzene Market achieved a total market volume of 50.56 Million Metric Tonnes in 2024 and is expected to reach 65.47 Million Metric Tonnes by 2030 with a CAGR of 4.60%.

The Report Covers Global Benzene Industry Share & Analysis. The Market is segmented by Derivative (Ethylbenzene, Cumene, Alkylbenzene, Cyclohexane, Nitrobenzene, and Other Derivatives (Aniline, Maleic Anhydride, etc.)) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers the market sizes and forecasts for the benzene market in volume (in kilo tons) for the above segments.

The global Benzene market was approximately 51.5 million tonnes in 2022 and is anticipated to grow at a healthy CAGR of 4.23% during the forecast period until 2032.

Track Benzene Industrial Grade prices (USD/MT) YoY, EX-Works China, with 2025 forecasts amid crude oil volatility and petrochemical demand shifts.

Benzene market sized at USD 48.69 billion in 2024, forecasted to grow to USD 90.70 billion by 2034 at 6.4% CAGR. Explore polystyrene packaging, cumene derivatives & e-commerce impacts on aromatic hydrocarbon demand.

Learn about the various factors that influence benzene prices, including feedstock costs, global economic conditions, supply and demand dynamics, government regulations, and geopolitical factors.

In February 2025, the average benzene import price amounted to $1,099 per ton, growing by 7.3% against the previous month.

Why did the Nitro Benzene Price Change in July 2025? The Nitrobenzene Price Index in the U.S. remained stable through Q2 2025, despite a 9 day weather-related slowdown at BASF’s Louisiana facility. Gulf Coast production operated normally otherwise, ensuring balanced regional supply.

Benzene is a natural part of crude oil. It is an organic chemical and a petrochemical. Petrochemicals, also known as petroleum distillates, are chemicals obtained from petroleum by refining. The market demand for benzene in the United States is forecast to grow to over ** million metric tons by 2027.

Explore the intricate dynamics influencing benzene pricing in the global chemical industry. From crude oil fluctuations to geopolitical events, understand the key factors affecting supply-demand, production costs, and market speculation in 2023. Learn how stakeholders can make informed decisions amidst these challenges.

The global benzene market size was estimated at USD 47.33 Billion in 2024 and is expected to reach a growing CAGR of 6.3% from 2024 to 2031.

Benzene market is expected to surpass the value of USD 89.7 Billion by 2034, expanding at a CAGR of 6.1% during the forecast period.

Why did the Linear Alkyl Benzene (LAB) Price Change in July 2025? The Linear Alkyl Benzene (LAB) Price in the U.S. increased by 2% quarter-over-quarter in Q2 2025, contributing to a rise in the Price Index.

Graph and download economic data for Producer Price Index by Industry: Petrochemical Manufacturing: Aromatics (Benzene, Toluene, Xylene, etc.), Made in Petrochemical Plants (PCU3251103251101) from May 1983 to Dec 2013 about plant, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Get the latest insights on price movement and trend analysis of Heavy Alkyl Benzene (HAB) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

India Benzene Market is expected to reach USD2.78 billion by 2028 and is anticipated to project robust growth in the forecast period with a CAGR of 6.28% through 2029.

Benzene Market Outlook

According to our latest research, the global benzene market size reached USD 46.2 billion in 2024, driven by robust demand across multiple end-use industries. The market is expected to expand at a CAGR of 4.7% during the forecast period, with projections indicating the market will attain a value of USD 70.1 billion by 2033. The primary growth factor for the benzene market in 2024 has been the surging consumption of benzene derivatives in the manufacturing of plastics, resins, and synthetic fibers, which are critical components in automotive, construction, and packaging industries. As per our latest research, the market’s upward trajectory is also supported by advancements in petrochemical processing technologies and the expanding use of benzene-based products in emerging economies.

The growth of the benzene market is significantly influenced by the increasing demand for styrene-based polymers, which are synthesized from ethylbenzene—a major derivative of benzene. These polymers, including polystyrene and acrylonitrile butadiene styrene (ABS), are extensively utilized in the automotive and electronics sectors due to their lightweight, durability, and versatility. The rapid urbanization and infrastructural development in Asia Pacific, particularly in China and India, have spurred the consumption of plastics and resins, further fueling benzene demand. Additionally, the proliferation of consumer electronics and electrical appliances globally has contributed to the steady growth in the market, as these products often rely on benzene-derived materials for insulation and housing components.

Another critical growth driver for the benzene market is the pharmaceutical and healthcare sector’s increasing reliance on benzene derivatives such as aniline and nitrobenzene. These chemicals serve as feedstocks for the synthesis of active pharmaceutical ingredients (APIs), dyes, and intermediates used in drug formulation. With the rising prevalence of chronic diseases and an aging global population, the demand for pharmaceuticals is escalating, thereby boosting the consumption of benzene derivatives. Moreover, the stringent regulatory environment in developed regions is prompting manufacturers to adopt cleaner and more efficient production processes, which is enhancing the overall efficiency and sustainability of benzene manufacturing.

Environmental regulations and sustainability initiatives are also shaping the growth dynamics of the benzene market. Governments worldwide are implementing stricter emissions standards and promoting the adoption of eco-friendly chemicals. This has led to increased investments in research and development aimed at improving the efficiency of benzene production and minimizing its environmental footprint. The integration of green chemistry principles and circular economy practices is expected to create new opportunities for market players, particularly in the development of bio-based benzene and recycling of benzene-containing products. As a result, companies that prioritize sustainability and innovation are likely to gain a competitive edge in the evolving market landscape.

Regionally, the Asia Pacific region dominates the global benzene market, accounting for the largest share in 2024, primarily due to the presence of major petrochemical hubs and robust industrial activities. China, India, and Southeast Asian countries are witnessing unprecedented growth in automotive, construction, and consumer goods sectors, driving the demand for benzene derivatives. North America and Europe follow closely, with well-established chemical manufacturing industries and a strong focus on technological advancements. The Middle East & Africa and Latin America are emerging as promising markets, supported by increasing investments in petrochemical infrastructure and rising demand for benzene-based products across various end-use industries.

Derivative Analysis

The benzene market is segmented by derivative into ethylbenzene, cumene, cyclohexane, nitrobenzene, alkylbenzene, aniline, and others. Among these, et