Lucintel's latest market report analyzed that ethylbenzene provides attractive opportunities in the packaging, electronics, construction, automotive, and agriculture sectors. The ethylbenzene market is expected to reach $XX billion by 2028 with a CAGR of 3% to 5%. In this market, styrene is the largest segment by application, whereas construction is largest by end use industry.
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Based on application, the ethylbenzene market is segmented into styrene, gasoline, diethylbenzene, natural gas, paint, and asphalt & naphtha. The styrene segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the rising application of various styrene-based polymer, elastomers, and resins in different end user industries, such as electronics, packaging, agriculture, petrochemicals, and construction.
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The Ethylbenzene Market is marked by the presence of several big and small players. Some of the prominent players offering ethylbenzene include HIS, International Finance Corporation, 3E, CMO Software, Enablon North America Corporation, LyondellBasell Industries, Chevron Phillips Chemical, INEOS, Honeywell International, and Dow.
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