Benzene Supply Side Shifts While Outlook for Styrene Improving, Says IHS Chemical Reports

Dateline City: 
HOUSTON

Following a slump in demand caused by the recession, benzene, an aromatic chemical building block used primarily for the production of other chemicals, including styrene and cumene, experienced growing demand in 2011, with world demand forecasted to be 42 million metric tons. This outlook  is higher than the previous demand peak of 41 million metric tons in 2007, according to a new, IHS Chemical global market study from IHS (NYSE: IHS), the leading global source of information and analysis.

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