March 22, 2007 – According to Merchant Research & Consulting Ltd. (UK) consulting agency, the following regions will feature the highest growth rates of the demand for benzene: Asia (excl. Japan) – 7.5% a year; Middle East and South America – 13.6 %.
Production capacity will grow parallel to the demand rise. The three major regions of the benzene market – the USA, Western Europe and Japan – will face the slight slowdown in benzene output growth, while in other regions the production growth rate will augment.
The benzene capacity growth rate will rise from 16% to 19% in Asia (excl. Japan) and from 23% to 24% in the rest of the world (excl. US and W. Europe).
The bulk of new facilities will be commissioned in the Middle East where the production will grow by 12% in the coming years.
Benzene is a colorless liquid with a sweet odor. It is highly flammable and is formed from both natural processes and human activities.
Benzene acts as a solvent for many organic and inorganic substances. It evaporates into the air very quickly and dissolves slightly in water.
Some industries use benzene to make other chemicals which are used to make plastics, resins, and nylon and synthetic fibers. Benzene is also used to make some types of rubbers, lubricants, dyes, detergents, drugs, and pesticides. Natural sources of benzene include volcanoes and forest fires. Benzene is also a natural part of crude oil, gasoline, and cigarette smoke. Benzene can cause drowsiness, dizziness, and unconsciousness; long-term benzene exposure causes effects on the bone marrow and can cause anemia and leukemia.
This market research report also features the following information:
Global benzene market;
Benzene production in the CIS countries;
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