Global ** demand increases by 3% annually

According to the latest research report of IHS Chemicals, the global demand for pure benzene in 2011 is about 42 million tons. It is expected that it will continue to grow at an average annual growth rate of about 3% in the next few years, and it will increase to nearly 50 million tons in 2016.

In the next few years, the consumption of pure benzene for ethylbenzene, styrene, cumene, phenol and cyclohexane will account for more than 80% of the total consumption of pure benzene, with an average annual growth rate of approximately 3.5%. Simon Moorhouse, global head of IHS Chemical's Aromatic Chemicals, said: “The global ** market began to bottom out in 2009, when the global operating rate was about 71%. Since then, demand growth has exceeded the capacity growth rate, making the ** market Stable."