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Ethylbenzene Market size was valued at USD x billion in 2021, growing at a CAGR of x% during the forecast period 2022-2028. Ethylbenzene market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of application, end users, and regions. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged. Ethylbenzene is a colorless, flammable liquid that odors like gasoline. It is found in natural products such as petroleum and coal tar and is also institute in manufactured products including paints, insecticides, and inks. Styrene is another chemical primarily synthesized from ethylbenzene. Solvent, in fuels, and to make other chemicals is some of the major uses of ethylbenzene. These factors propel the growth of market. In addition, widespread occurrence of chemical industries in developing economies are anticipated to bolster the demand for ethyl benzene. However, fluctuating prices of crude oil is expected to restraint the growth of market. Key players in ethylbenzene market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others. For instance on April 2017: A Brazilian company, Videolar-Innova planned to expand styrene monomer production in the Triunfo complex in the Rio Grande do Sul state. The project is expected to increase the styrene capacity at the complex to 160,000 tons/year, which is scheduled to become operational around April 2019. With the expansion, the demand for ethylbenzene is expected to increase to produce styrene.
