Ethylbenzene Market 20222 by Key Vendors, Demand, Development Strategy Demographic, Geographic Segment by 2030
Ethylbenzene Market Overview Ethylbenzene Market stood at over USD 15 billion in 2022 and is expected to register a CAGR of over 3.6% during the forecast period. The market is negatively impacted by COVID-19 in 2020. Considering the pandemic scenario, the construction and automotive manufacturing activities were stopped temporarily during the government-imposed lockdown, thus had decreased the demand for the ethylbenzene-based polymer and other products including automotive dashboards, exterior panels, styrene-acrylic emulsions, solvents, and reagents for paints and coatings, and others, which in turn has negatively impacted the demand for the ethylbenzene market. However, the demand for packaging, based on ethylbenzene's derivative polystyrene has increased from the food and e-commerce packaging segment during the current situation, thereby stimulating the demand for the market studied. The global demand for ethylbenzene has increased in the last couple of years. The gro...