Global Primary Petrochemicals Market, By Type (Ethylene, Propylene, Butadiene, Benzene, Vinyl, Styrene, Methanol, Gasoline, Acetic Acid, Formaldehyde), Applications (Adhesives, Polymers, Paints And Coatings, Dyes, Surfactants, Rubber, Plastics, And Solvents), Manufacturing processes (Fluid Catalytic Cracking, Catalytic Reforming), End- User (Packaging, Automobile, Construction, Electrical and Electronics, Aviation, Consumer Goods), 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 2028.
Primary Petrochemicals Market Analysis and Insights
Primary petrochemicals market will reach at an estimated value of USD 1.93 billion and grow at a rate of 6.80% for the forecast period of 2021 to 2028. Rising governmental support in emerging economies is a vital factor driving the growth of primary petrochemicals market.
Petrochemicals which are also known as petroleum distillates are chemical compound which are processed from the petroleum and natural gas. Primary petrochemical like benzene and ethylene are made directly from the fossil fuels. They are usually sold to the other chemical plants so that they can be used to form secondary petrochemicals. They are usually produced in oil refineries and chemical plants in large quantities. Aromatics and olefins are the most common petrochemical classes.
Rising easy availability of raw materials is the vital factor escalating the market growth, also increasing governmental support in emerging economies, increasing demand for downstream products from end-use industries and capacity additions in the base chemical industry and rising rapid industrialization coupled with the growth of the automotive and packaging sectors are the major factors among others driving the primary petrochemicals market. Moreover, rising technological advancements and modernization in the petrochemicals and increasing research and development activities in the market will further create new opportunities for the primary petrochemicals market in the forecast period of 2021- 2028.
However, increasing environmental concern towards increasing population and rising global warming are the major factors among others acting as restraints, and will further challenge the growth of primary petrochemicals market in the forecast period mentioned above.
This primary 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 primary 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.
Primary Petrochemicals Market Scope and Market Size
Primary petrochemicals market is segmented on the basis of type, application, manufacturing process and end-user. 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.
- Based on type, the primary petrochemicals market is segmented into ethylene, propylene, butadiene, benzene, vinyl, styrene, methanol, gasoline, acetic acid and formaldehyde. Ethylene has been further segmented into polyethylene, ethyl benzene and ethylene oxide. Propylene has been further segmented into propylene oxide, polypropylene and polypropylene. Butadiene has been further segmented into polypropylene, polypropylene and butadiene. Benzene has been further segmented into cyclohexane, nitrobenzene and ethyl benzene. Styrene has been segmented into polystyrene, acrylonitrile butadiene styrene and unsaturated polyester resins.
- On the basis of application, the primary petrochemicals market is segmented into adhesives, polymers, paints and coatings, dyes, surfactants, rubber, plastics, and solvents.
- Based on manufacturing process, the primary petrochemicals market is segmented into fluid catalytic cracking and catalytic reforming.
- The primary petrochemicals market is also segmented on the basis of end-user into packaging, automobile, construction, electrical and electronics, aviation and consumer goods.
Primary Petrochemicals Market Country Level Analysis
Primary petrochemicals market is analysed and market size, volume information is provided by country, type, application, manufacturing process and end-user as referenced above.
The countries covered in the primary 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.
North America dominates the primary petrochemicals market due to rising demand from construction and automotive industries coupled with significant capacity expansions, increasing governmental support in emerging economies and increasing demand for downstream products from end-use industries and capacity additions in the base chemical industry in this region. Europe is the expected region in terms of primary petrochemicals market due to increasing ethylene production in major countries such as Germany, France, and the U.K in this region.
The country section of the primary petrochemicals market 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 Primary Petrochemicals Market Share Analysis
Primary 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 primary petrochemicals market.
The major players covered in the primary petrochemicals market report are LyondellBasell Industries Holdings B.V., BASF SE, Total, Royal Dutch Shell, China Petrochemical Corporation., DuPont, Dow, Reliance Industries Limited, SABIC, BP, Chevron Phillips Chemical Company, Formosa Plastics Corporation, China National Petroleum Corporation, Exxon Mobil Corporation. and Ineos. 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.