Procurement Resource Evaluates the Price Trends of Benzene in its Latest Insights and Dashboard
Price Trends of Benzene in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Benzene price 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; customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Benzene can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Benzene is a liquid aromatic hydrocarbon with a gasoline-like odour that is clear, colourless, extremely flammable, and volatile. It is a by-product of oil refining and can be found in crude oils. Moreover, it is employed as a solvent, a chemical intermediate, and in the synthesis of a variety of compounds in industry. Benzene is categorised as a hydrocarbon since it only comprises atoms of carbon and hydrogen.
Also Check Benzene Production Cost Reports – https://www.procurementresource.com/production-cost-report-store/benzene
Regions Covered to Evaluate Benzene Price Trend:
- North America
- South America
- The Asia Pacific
- The Middle East
Industrial Uses Impacting Benzene Price Trend:
Benzene is a chemical that is commonly utilised in industry. Benzene can be found in crude oil and is a significant component of gasoline. It is used to make plastics, resins, synthetic fibres, rubber lubricants, colours, detergents, medications, and pesticides. Volcanoes and forest fires naturally create benzene. Benzene can be found in household products such as glues, adhesives, cleaning chemicals, paint strippers, cigarette smoke, and gasoline. Most of the benzene in the environment is due to our usage of petroleum-based products. It evaporates easily from water or soil and can pollute surrounding drinking water wells if it seeps from subterranean storage tanks or landfills. In groundwater, benzene can travel great distances.
Also Check Benzene Industry Report – https://www.procurementresource.com/reports/benzene-industry-report
Key Market Players:
- Shell Chemicals
- Reliance Industries Limited
- Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical)
- China Petroleum & Chemical Corporation (Sinopec Corp.)
- SynQuest Laboratories (Central Glass Co., LTD.)
News and Events:
As part of its refining and petrochemical expansion project, Hengyi Petrochemical announced intentions to establish a benzene facility in Pulau Muara Besar, Brunei, to increase annual capacity from 500 to 800 kilotons in February 2021. Through this move, the corporation intends to boost its petrochemical industry.
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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