Petrochemical Market by Revenue Gross Margin Market Share Manufacturing Process Analysis To 2023

Petrochemical Key Players:

BASF SE,
ExxonMobil Corporation,
The Dow Chemical Company,
Shell Chemical Company,
SABIC,
Sinopec Limited,
Lyondell Basell Industries,
Total S.A.,
Sumitomo Chemical Co.Ltd.,
Chevron Phillips Chemical Company LLC,
E. I. du Pont de Nemours and Company.

This Petrochemical Market Research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

Each and every segment type and their sub types are well elaborated to give a better idea about this market during the forecast period of 2017 to 2023 respectively.

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Petrochemical Market Overview:

The global petrochemicals market is expected to witness significant growth with a CAGR of 6.7% over the forecast period of 2017-2023 and reach USD 1075.19 billion by 2023.

Petrochemicals are basically petroleum products derived from hydrocarbons. Some other chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal, or natural gas, or renewable sources such as corn or sugar cane. Petrochemical is mainly classified into two type’s olefins (including ethylene and propylene) and aromatics (including benzene, toluene and xylene isomers). Both of these are produced in oil refineries by fluid catalytic cracking of petroleum fraction. Olefins produced by steam cracking of natural gas liquid such as ethane and propane, whereas aromatics are produced by catalytic reforming of naphtha.

Petrochemicals are used in various end user industries ranging from manufacturing to consumer goods. However, they are most commonly used in adhesives, polymers, paints and coatings, dyes, surfactants. The global petrochemical market is expected to be driven by rising demand for petrochemicals in major end-user industries linked with favorable operating conditions, especially in the Middle East and Asia Pacific over the forecast period. Moreover, Demand for bio-based chemicals is increasing due to growing consumer awareness as we all benefits associated with their usage. Consequently, investment in bio based chemicals in public and private sector likely to increase in near future and will hamper the growth of petrochemical market globally.

Petrochemical Regional Analysis:

Asia Pacific emerged as leading market for petrochemicals, and accounted for around 50% for shares in volume consumption as of 2014. China majorly contributed in the growth of Asia Pacific market, owing to flourishing automotive industry. Growing demand for polymer and solvent, dyes, adhesives, paints and coatings in APAC anticipated to boost growth of petrochemicals across the region. North America is the second largest market for petrochemicals after APAC petrochemical market. U.S. and Canada led the North American petrochemical market owing to rising shale gas exploration. Furthermore, growth in this region anticipated to encourage by vast number of product performance such as plastic resins, synthetic fibers, rubber products, paints & coatings, adhesives & sealants, lubricants, water treatment products, and industrial chemicals.

Europe is also an attractive market for petrochemicals and stood third in global petrochemicals market by having moderate growth over the last few years, on the other hand, Middle East and Africa is anticipated to play crucial role in the development of overall petrochemicals market. This is due to easy availability of petroleum and this region is also considered as key producer of petroleum.

Petrochemicals Table of Content:

1 Executive Summary
2 Scope Of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview Of Global Petrochemicals Market
6 Market Trends
7 Global Petrochemicals Market By Region
8 Global Petrochemicals Market By Product (Methanol, Benzene, Xylene, Toluene, Ethylene, Propylene, Butadiene, Vinyl Styrene)
9 Global Petrochemicals Market By Application (Adhesives, Polymers, Paints And Coatings, Dyes, Surfactants, Rubber, Plastics, And Solvents)
10 Company Landscape
11 Company Profiles
12 Conclusion

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