Global Hydrocarbons Market – Industry Trends and Forecast to 2030

Hydrocarbons Market Analysis and Size

The hydrocarbons is expected to grow with a significant growth rate during the forecast owing to rapid industrialization and surge in number of end-use applications. Hydrocarbon are perfect for usage in an extensive range of industries for manufacturing chemicals, plastics and synthetic rubber. The “petrochemicals’ is expected to be the fastest growing application segment in the forecast period because petrochemical has numerous application such as paints & coatings, plastics, building & construction and electronics & electrical.

Data Bridge Market Research analyses that the hydrocarbons market is expected to reach USD 94,286.42 million by 2030, which is USD 71,602.20 million in 2022, registering a CAGR of 3.50% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Hydrocarbons Market Scope and Segmentation

Market Definition

Hydrocarbons are those organic compound which is produced from the inclusion of carbon atoms and hydrogen in their chemical structure. These components are generally available in natural gases and crude oils and tend to hold more than one bond between the carbon and hydrogen atoms. The bond results in structural formation such as rings.

Hydrocarbons Market Dynamics

Drivers

• Growing demand of hydrocarbons for multiple purposes

Versatility and high energy density properties of hydrocarbons make it perfect and useful for numerous end-use application such as synthetic rubber, feedstock in petrochemical plants and chemicals. They are also used as fuel for heating, cooking, and drying; additives for motor gasoline production, transportation and diluent for transportation of heavy crude oil. Thus, the growing demand for hydrocarbons for multiple purposes is expected to drive the market's growth rate during the forecast period.

• Surging demand of hydrocarbons as refrigerants

Hydrocarbons such as propane are widely used as refrigerants in the global market. They can be used for cooling or heating more proficiently than other refrigerants.  Actually, their latent heat of vaporisation is even double as high as compared to other synthetic refrigerants, which means a higher cooling or heating effect with the same refrigerant mass flow. Thus, the rising demand for hydrocarbon as refrigerant is expected to drive the market's growth rate.

Opportunities

• Increasing demand for petrochemical products

Petrochemicals play an important role in everyday life. They have transformed the electronics sector through some significant scientific inventions. The petrochemicals sector has proved to be enormously beneficial for the electronics sector. Hydrocarbon compounds play a vital in the production of petrochemical products.  However, increase in demand for petrochemical products in the building and construction sector is anticipated to positively impact the hydrocarbon market and will create immense opportunities for the growth of the market during the forecast period. According to Oxford Economics, it is estimated that the global construction industry output increase by 85% to reach US$ 15.5 Tn by 2030, with the three major countries –the U.S., China, and India. These countries are leading the way and accounting for 57% of all over the growth globally. This is expected to increase the demand for petrochemical products in the building and construction sector in the forecast period.

Restraints/ Challenge

• Issues associated with associated with hydrocarbons

Concerns regarding environmental impact with the usage of hydrocarbons in various applications owing to their emissions of VOC’s are anticipated to hinder the growth of the market. Moreover, carcinogenic properties prevalent in hydrocarbons are anticipated to challenge the growth of the hydrocarbons market during the forecast period of 2023-2030.

This hydrocarbons market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hydrocarbons market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Hydrocarbons Market Scope

The hydrocarbons market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Aliphatic
• Aromatic

Application

• Pharmaceuticals
• Energy
• Industrial
• Mobility
• Others

Hydrocarbons Market Regional Analysis/Insights

The hydrocarbons market is analyzed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the hydrocarbons market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the hydrocarbons market owing to the strong presence of major market players and growth in trade activities from China and India.

North America is expected to be the fastest developing region during the forecast period of 2023-2030 because of the upsurge in the discovery of large hydrocarbon reserves in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Hydrocarbons Market Share Analysis

The hydrocarbons market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hydrocarbons market.

Some of the major players operating in the hydrocarbons market are:

• Reliance Industries Limited (India)
• Dow (U.S.)
• Shell Plc (U.K.)
• DuPont (U.S.)
• Manali Petrochemicals Limited (India)
• Exxon Mobil Corporation (U.S.)
• China Petrochemical Corporation (China)
• Indian Oil Corporation Ltd. (India)
• TotalEnergies (France)
• Indian Oil Corporation Ltd. (India)
• Chevron Corporation (U.S.)
• LyondellBasell Industries Holdings B.V (Netherlands)
• Eastman Chemical Company (U.S.)
• Celanese Corporation (U.S.)
• SASOL (South Africa)
• Recochem Corporation (Canada)

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