Across different regions, the ethylbenzene market followed similar price trajectories to its Ethylene and Benzene feedstocks in H1 2023. In Asia, initial high prices in January were driven by post-lockdown Chinese production, yet oversupply and reduced chemical industry demand led to a downward trend for the rest of Q2. Europe experienced a parallel scenario, with added influence from elevated crude oil prices due to energy supply disruptions. North America exhibited flattened, fluctuating prices based on downstream needs and feedstock costs, maintaining overall market stability.
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Definition
Ethylbenzene is a hydrocarbon compound with the chemical formula C8H10. It is a colourless liquid with a sweet, aromatic odour. It is primarily used as a precursor in the production of styrene, a crucial building block for plastics and synthetic rubber. Ethylbenzene also finds applications as a solvent and in the manufacture of various chemical products.
Key Details About the Ethylbenzene Price Trends:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Ethylbenzene in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ethylbenzene Prices, including India Ethylbenzene price, USA Ethylbenzene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ethylbenzene Price Trends:
Ethylbenzene holds key roles in industries, primarily as a vital precursor in the production of styrene, a foundational component for manufacturing plastics and synthetic rubber. Additionally, it serves as a solvent for various applications and contributes to the creation of diverse chemical products, making it an essential ingredient in the chemical and polymer industries.
Key Players:
- Dow Chemical Company
- XX Mobil Corp
- Jx Nippon Oil and Energy group
- Royal Dutch Shell Plc
- Tianjin Jixin Industrial & Trade Co., Ltd.
- Zhejiang Weishi Biotechnology Co., Ltd
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