Press release
Petrochemical Market | Current Scenario Worth expected to reach USD 1075.19 Billion | Analysis Regional Forecast to 2023
Industry Overview:
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.
Global 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.
Global 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.
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Industry Applications:
Global 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.
The ongoing market trends of petrochemicals market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share are explained to give a depth of idea on the competitive side.
Industry 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.
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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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