Asia Pacific region has the largest share in the global Benzene market owing to the expansion of the Automotive, Petrochemical, and Construction industry in India, China, South Korea, and Japan. While Benzene and its derivatives are the most extensively used raw material in the manufacturing of downstream styrene, nylon tires, paints, etc., which are in great demand from the end-use sectors, have inflicted the Benzene market. In South Korea, the prices of Benzene settled at USD 1120 per tonne on 1st April.
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