World Analysis – Benzene

  • Market Overview
  • Key Benefits
  • Service Features
  • Annual Table of Contents

Market Overview

Duration: Long-term outlook to 2050

Benzene is an aromatic hydrocarbon and one of the primary chemical building blocks for the petrochemical industry. Its key characteristic is its unique six-carbon ring. At room temperature, benzene is a clear, colorless liquid with a sweet odor, which is why it is called an aromatic hydrocarbon. Benzene is found naturally in crude oil at low levels and is commercially produced via synthesis from petroleum-based raw materials, such as naphtha, gasoil, ethane, propane, butane, toluene, etc. It is also commercially produced from coal. Benzene is a known carcinogen, so its presence in gasoline is regulated in most major gasoline-consuming countries. Benzene’s presence in other consumer product applications, such as solvents and sealants, was essentially eliminated by reformulation and substitution many years ago.

Originally, benzene was produced as a by-product of coke production from coal for the steel industry. Although benzene continues to be produced and recovered from this source, benzene is now primarily produced as a by-product of naphtha reforming operations in refineries, and ethylene steam cracker operations. There are also a number of other processes that produce benzene as a coproduct or by-product. Benzene is used as a primary chemical building block in the production of other intermediate chemicals, including ethylbenzene (EB)/styrene, cumene/phenol, cyclohexane, nitrobenzene/aniline, maleic anhydride, alkylbenzene, chlorobenzene, and other industrial chemicals. These chemicals are used to produce a myriad of end-use products, including disposable food packaging containers and films; fibers for clothing and fabric; filaments for floor coverings (carpet) and furnishings (upholstery); synthetic rubbers (e.g., tires); belts, hoses, and plastic parts for automotive and appliance applications; clear plastic applications, including eyeglasses and bullet-resistant glass; circuit boards; detergents; herbicides; pesticides; and dyes.

Key Benefits

Duration: Long-term outlook to 2050

The World Analysis – ABS Resins provides a comprehensive analysis and key insights into critical market developments as they shape the future outlook for the global ABS Resins market.

The following reports, data files, analytical tools and visualization modules are available online and can be downloaded from our website:

  • Direct Access to the Subject Matter Experts
  • In-depth exploration of present market strategic insights, recognition of critical challenges, and presentation of our experts’ forecasts and analysis
  • Explanatory Notes detailing data sources, methodologies, unit and conversion factors, and World Analysis deliverables.
  • Energy and Economy assumptions
  • Price, cost, and margin base assumptions forecast and sensitivities analysis, including price assessment methodology and price definitions across all regions.
  • Excel data files with standard supply/demand graphics and price forecasts extended to 2050, trade grids with country and regional trade flows Data appendix (Excel) with supply/demand, capacity and trade tables.
  • An online dashboard visualization of capacity, supply/demand, trade grids, and price, cost and margin forecasts
  • Supply/demand and capacity database access via data browser
  • Data Appendix (Excel) with supply/demand and capacity tables
  • Capacity by company/shareholder, capacity integration, top producer/consumer and surplus/deficit capacity ranking, and ownership/subsidiary information

In addition to the main product, Methanol, capacity and textual analysis are provided for the following products:

  • Acetic Acid
  • Biodiesel
  • Chloromethanes
  • Dimethyl ether
  • Formaldehyde
  • Gasoline Blending
  • Methanol-to-olefins / Methanol-to-Propylene
  • Methyl methacrylate
  • Methyl tert-butyl ether
  • Methylamine
  • Methanol as a marine bunker fuel

This World Analysis contains detailed information on capacities, production, demand, and trade for all significant producing and consuming countries and regions. Although data gathering is essential for understanding history and potential future trends, we believe that the interpretation and analysis of the data is the most valuable information to our clients.

Service Features

Duration: Long-term outlook to 2050


Frequency: Bi-annual
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Area Coverage: By country/region; include “hypothetical” capacity changes in the forecast period
Chemical Coverage: Benzene


Frequency: Updated daily
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050

  • Nameplate capacity on individual plant location by producer and by the shareholder for main study products + essential derivatives
  • Integration table and top producer and consumer ranking tables (includes net surplus/deficit)
Chemical Coverage: Benzene, Alkylbenzene, Aniline, Chlorobenzene, Cumene, Cyclohexane, Ethylbenzene, Maleic Anhydride, Nitrobenzene


Frequency: Quarterly
Format: Excel
Timeframe: up to 2050
Area Coverage: For the key regions of North America (US), Europe & Asia
Chemical Coverage: Benzene


Frequency: Bi-annual
Format: Excel
Timeframe: 1 year of history, up to 10 years of forecast
Area Coverage: Between partner countries and by region
Chemical Coverage: Benzene


Frequency: Annual
Format: PDF/HTML
Timeframe: 5-year history, forecast to 2050
Coverage: Regional market summaries

  • Production economics/snapshots for selected regions/processes
  • Production process/technology overview
Chemical Coverage: Benzene


  • Access to our global team of subject matter experts
  • Interactive data visualization module (dashboard)
  • Standard supply/demand graphs
  • Data appendix with supply/demand and capacity tables
  • Supply/demand and capacity database access via data browser

Annual Table of Contents

  • Introduction 5
  • Executive Overview 6
  • Strategic Insights 10
  • Introduction 10
  • Energy Transition 10
  • On-purpose production 12
  • Ethylene steam cracker feedstocks 12
  • Paraxylene overcapacity and rationalization 12
  • Crude-to-chemicals processes 13
  • Coal to benzene 13
  • Benzene trade 13
  • Plastics sustainability 14
  • North America 15
  • South America 18
  • West Europe 21
  • Central Europe 25
  • CIS & Baltic States 28
  • Africa 32
  • Middle East 35
  • Indian Subcontinent 39
  • Mainland China 42
  • Other Northeast Asia 45
  • Southeast Asia 48
  • Production Process Overview 51
  • Introduction 51
  • Catalytic reforming 51
  • Aromatics Extraction Process 53
  • Hydrodealkylation 54
  • Toluene Disproportionation 54
  • Pyrolysis Gasoline Extraction 55
  • Aromax Process 56
  • Production Process Economics 58
  • Explanatory Notes 58
  • Benzene Economics - Hydrodealkylation 59
  • Benzene Economics - Sulfolane Extraction of BTX 62
  • Benzene Economics - Toluene Disproportionation 65
  • Price Forecast 68
  • Methodology 68
  • North America 69
  • West Europe 69
  • Asia 70
  • Price Forecast Tables 71
  • Supply/Demand Forecast Methodology 73

Market Coverage

Dyes & Pigments

Flat Glass



Soap & Detergents

Adrian Calcaneo

Adrian Calcaneo Vice President, Energy & Feedstocks (NGL & Naphtha) Chemical Market Analytics by OPIS

Adrian Calcaneo is Vice President of NGL & Naphtha at Chemical Market Analytics. Mr. Calcaneo is based in Houston, Texas, and is the Vice President for Energy and Feedstocks at Chemical Market Analytics (CMA). His responsibilities include spearheading global development efforts across multiple product lines, including Liquefied Petroleum Gas (LPG), Natural Gas Liquids (NGL), and Naphtha. With over 20 years of experience, Adrian is a key resource within the company, offering deep insights into the broad energy market. In his role, he collaborates closely with stakeholders throughout the energy, petrochemical, and financial sectors, providing global support and strategic insights. His current focus involves leading the development of new energy products and enhancing the company's market deliverables and insights. Before assuming his current position, Adrian managed NGL market research for 43 Latin America and the Caribbean countries. His extensive experience also includes consulting for multinational energy companies and working in international trade, energy policy, and global economics at think tanks and international non-governmental organizations. Mr. Calcaneo holds a Bachelor of Arts and a Master of Public Administration, focusing on Energy Policy, from Texas A&M University, along with a Certificate in Advanced International Affairs from the Bush School of Government & Public Service at Texas A&M. He also earned a Master’s Degree in Data Science and a professional certification from Harvard University.
Brian Lee

Brian Lee Executive Director, Asia Benzene & Styrene Chemical Market Analytics by OPIS

Brian Lee is the Executive Director for Asia Benzene & Styrene at Chemical Market Analytics. Brian Lee is the research and analysis executive director responsible for the Asian market report of Chemical Market Analytics, focusing on the market analysis of benzene and styrene. He also contributes to various market advisory publications and supports consulting activities. Brian has a distinguished career spanning almost 30 years in the petrochemical industry. Previously, he worked with Argus Dewitt for three years as a vice president covering Asian Aromatics. He contributed to numerous market reports and single client studies and hosted the Asian conference, including speaking. Mr. Lee started his career with Samsung C&T Corporation, working for 16 years in Asia and Europe. He was responsible for trading and marketing benzene, toluene, xylenes (BTX), styrene, paraxylene (PX), and purified terephthalic acid (PTA) to global customers. Mr. Lee holds an MBA from Hanyang Cyber University and a Bachelor of Science in chemical engineering from Hanyang University, South Korea.  
James Nicholson

James Nicholson Executive Director, America Benzene, Pyrolysis Gasoline (Pygas) and Reformate Chemical Market Analytics by OPIS

James Nicholson is the Executive Director for America Benzene, Pyrolysis Gasoline (Pygas) and Reformate at Chemical Market Analytics. James joined the company three years ago and has provided insight into the world of olefins and aromatics, given his broad background and extensive international experience in the petrochemicals sector. His current area of focus and attention is benzene, but he also provides market coverage and analysis for pyrolysis gasoline (pygas) and reformate. He is a resource for the toluene and mixed xylenes markets as well. Responsibilities include the production of both the short and long-term price forecasts and short and long-term supply and demand balances for benzene, toluene, mixed xylenes (BTX) and pygas in the Americas region. James and the aromatics team also provide the primary input for the World Analyses reports for BTX and pygas. James’ prior industry experience includes nearly 30 years of process engineering, manufacturing and production engineering, olefins optimization and operations planning, including feedstock selection and feedstock breakeven analyses, financial analysis, NGL feedstock trading and procurement, and business management. He served as both a Marketing Manager for benzene and styrene and Business Director for Aromatics and Oxygenated Fuels for eight years, where he was responsible for purchasing 1 million tons per year of benzene and selling 1.3 million tons per year of styrene. Mr. Nicholson has both a Bachelor of Science in Chemical Engineering from Texas A&M University at College Station, Texas and a Master of Business Administration from Texas A&M University at Corpus Christi, Texas.

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