Study: Slow Growth Expected for Benzene

Global demand for benzene totaled about 42 million m.t. in 2011 and is forecast to grow about 3%/year through 2016, to nearly 50 million m.t., according to a new report by IHS Chemical. Ethylbenzene, styrene, cumene, phenol and cyclohexane will continue to consume more than 80% of the benzene produced in the coming years, and will have a combined annual growth rate of 3.5%, IHS says.   “The benzene market bottomed out in 2009 during the recession, with demand falling to 71% of global operating rates,” says Simon Moorhouse, global director of...

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