Global Petrochemicals Market, By Product (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Polystyrene, Methanol), Application (Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants, Dyes, Others), End-Use Industry (Packaging, Automotive and Transportation, Construction, Electrical and Electronics, Healthcare, Others), Manufacturing Process (Fluid Catalytic Cracking (FCC), Steam Cracking, Catalytic Reforming), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
The demand for petrochemicals will hit an approximate value of USD 660.81 billion by 2027, while tracking this growth at a rate of 5.10% for the forecast period of 2020 to 2027. Market report on petrochemicals analyses the growth which is currently rising due to the increasing growth of the various end-use industries worldwide.
The increasing prevalence of favourable policies in the developing economies, easy availability of raw material, rising demand of polymers in packaging as well as automotive industries, increasing demand for paints and coating across the globe are some of the major factors which will likely to accelerate the positive growth in the petrochemicals market in the forecast period of 2020-2027. On the other hand, rapid industrialization along with adoption of novel technologies which will further create abundant opportunities that will led to the growth of the petrochemicals market in the above mentioned forecast period.
Volatility in the prices of raw material along with increasing concern regarding environmental safety which will likely to hinder the growth of the petrochemicals market in the above mentioned forecast period.
This petrochemicals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on petrochemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Petrochemicals Market Scope and Market Size
Petrochemicals market is segmented on the basis of product, end-use industry, manufacturing process, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the petrochemicals market is segmented into ethylene, propylene, butadiene, benzene, xylene, toluene, polystyrene, and methanol. Ethylene has been further segmented into polyethylene, ethylene oxide, EDC, ethyl benzene, and others. Others have been further sub segmented into alpha olefins, and vinyl acetate. Propylene has been further segmented into polypropylene, propylene oxide, acrylonitrile, cumene, acrylic acid, isopropanol, and other. Butadiene has been further segmented into SB rubber, butadiene rubber, ABS, SB latex, and other. Other has been further sub segmented into nitrile rubber, and mechanical belts. Benzene has been further segmented into ethyl benzene, phenol/cumene, cyclohexane, nitrobenzene, alkyl benzene, and other. Other has been further sub segmented into alkyl benzene, and maleic anhydride. Toluene has been further segmented into benzene, xylenes, solvents, TDI, vinyl, styrene, and others. Others have been further sub segmented into pesticides, drugs, and nitro toluene. Polystyrene has been further segmented into EPS, ABS, SB latex, UPR, SB rubber, and other. Methanol has been further segmented into formaldehyde, gasoline, acetic acid, MTBE, dimethyl ether, MTO/MTP, and other.
- Based on end-use industry, the petrochemicals market is segmented into packaging, automotive and transportation, construction, electrical and electronics, healthcare, and others.
- On the basis of manufacturing process, the petrochemicals market is segmented into fluid catalytic cracking (FCC), steam cracking, and catalytic reforming.
- Petrochemicals market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for petrochemicals market includes polymers, paints and coatings, solvents, rubber, adhesives and sealants, surfactants, dyes, and others.
Global Petrochemicals Market Country Level Analysis
Petrochemicals market is analysed and market size, volume information is provided by country, product, end-use industry, manufacturing process, and application as referenced above.
The countries covered in the petrochemicals 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, Israel, Egypt, South Africa, 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.
The U.S., and Canada will expect to dominate the North America petrochemicals market due to the rising production of shale gas, availability of raw material at affordable prices along with growth of the automotive sector in the region. Germany, France, and U.K, region is expected to hold the largest growth rate in Europe petrochemicals market due to the prevalence of various market players.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Petrochemicals Market Share Analysis
Petrochemicals 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 petrochemicals market.
The major players covered in the petrochemicals market report are BASF SE; bp; Chevron Corporation.; China National Petroleum Corporation; China Petrochemical Corporation.; Exxon Mobil Corporation.; INEOS Capital Limited; LyondellBasell Industries Holdings B.V.; Shell group of companies; SABIC; Dow; Total Plaza; Indian Oil Corporation Ltd; Sumitomo Chemical Co., Ltd.; Reliance Industries Limited.; Saudi Aramco Total Refining and Petrochemical Co. SATORP; Kuwait Petroleum Corporation (KPC); Bayer AG; CPMA – Chemicals and Petrochemicals Manufacturers’ Association; ANABEEB; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Petrochemicals Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.