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Benzenoid Market Share

Report ID: GMI6421
Published Date: Aug 2023
Report Format: PDF

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Benzenoid Market Share

Some of the major players operating in the Benzenoid market are:

BASF SE
Dow Chemical Company
Exxon Mobil Corporation
DuPont de Nemours, Inc.
Huntsman Corporation
Lanxess AG
Chevron Phillips Chemical Company LLC
LyondellBasell Industries N.V.
Shell Chemical LP
Eastman Chemical Company
INEOS Group Holdings S.A.
Total S.A.
SABIC (Saudi Basic Industries Corporation),
Mitsubishi Chemical Corporation
Evonik Industries AG

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for benzenoid was USD 700 million in 2022 and is estimated to reach USD 1167.1 million by 2032 owing to increasing demand in the food and sector industry for fragrance and flavoring agents.

Benzenoid industry size from the benzaldehyde type segment accounted for USD 214.6 million in revenue in 2022 and is likely to gain significant traction through 2032 owing to surging need in various industrial applications, including paints, adhesives, and chemical synthesis.

U.S. market size for benzenoid was USD 162.3 million in 2022 and is anticipated to expand at significant pace through 2032 owing to the rising demand for fragrances and flavors in personal care and beauty products, including perfumes, lotions, and hair care items in the region.

The competitive landscape of the benzenoid industry includes prominent companies, such as BASF SE, Dow Chemical Company, Exxon Mobil Corporation, DuPont de Nemours, Inc., Huntsman Corporation, Lanxess AG, Chevron Phillips Chemical Company LLC, and LyondellBasell Industries N.V.