Press release
Petrochemicals Market 2020 | Covid 19 Impact and Analysis - Saudi Basic Industries Corporation (SABIC); Sinopec; Royal Dutch Shell Plc; LyondellBasell Industries
Petrochemicals Market
Petrochemical companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters and pressure transmitters that help to improve an organizations operational efficiency. For example, Siemens process instrumentation and gas analytics solutions increases productivity and efficiency during plant operations.
The global petrochemicals market is expected to decline from $456.6 billion in 2019 to $434.2 billion in 2020 at a compound annual growth rate (CAGR) of -5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of % from 2021 and reach $431.1 billion in 2023.
Top Leading Companies mentioned are
Saudi Basic Industries Corporation (SABIC); Sinopec; Royal Dutch Shell Plc; LyondellBasell Industries; INEOS AG
Latest News and Development
04 MAR 2020: Saudi Aramco, the world's largest oil company, has received approval from the European Commission to acquire 70% of Saudi Basic Industries Corp (SABIC) for $69 billion
05 Dec 2019: Saudi Basic Industries Corporation, the Middle East's biggest petrochemicals company that is set to be taken over by Saudi Aramco, welcomes new competition planned from China to India and the UAE as petrochemicals demand is "healthy," according to Abdulrahman al-Fageeh, executive vice president of Sabic's petrochemicals business.
Asia Pacific was the largest region in the global petrochemicals market, accounting for 44% of the market in 2019. Middle East was the second largest region accounting for 21% of the global petrochemicals market. Eastern Europe was the smallest region in the global petrochemicals market.
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This report provides a detailed analysis of the Petrochemicals market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
Essential points covered in Global Petrochemicals Market2020 Research are:-
o What will the market size and the growth rate be in 2020?
o What are the key factors driving the global Petrochemicals market?
o What are the key markets trends impacting the growth of the global Petrochemicals market?
o What are the challenges to market growth?
o Who are the key vendors in the global Petrochemicals market?
o What are the market opportunities and threats faced by the vendors in the global Petrochemicals market?
o What are the key outcomes of the five forces analysis of the global Petrochemicals market?
This independent 200 pages report guarantees you will remain better informed than your competition. With over figures examining the Petrochemicals market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2020.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Petrochemicals in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Furthermore, the report provides a detailed analysis of the global Petrochemicals market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Petrochemicals market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
Reasons for Buying this Report:
o Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
o Create regional and country strategies on the basis of local data and analysis.
o Identify growth segments for Petrochemicals.
o Outperform competitors using forecast data and the drivers and trends shaping the market.
o Understand customers based on the latest market research findings.
o Benchmark performance against key competitors.
o Utilize the relationships between key data sets for superior strategizing.
o Suitable for supporting your internal and external presentations with reliable high quality data and analysis
o Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Browse in-depth and report summary TOC:
https://www.marketinsightsreports.com/reports/05072014115/petrochemicals-global-market-report-2020-30-covid-19-impact-and-recovery-including-1-by-type-ethylene-petrochemicals-propylene-petrochemicals-benzene-petrochemicals-xylene-styrene-petrochemicals-toluene-cumene-others-petrochemicals-2-by-end-user-industry-construction-packaging-automotive-transportation-healthcare-electrical-electronics-others-covering-saudi-basic-industries-corporation-sabic-sinopec-royal-dutch-shell-plc-lyondellbasell-industries-ineos-ag?source=OpenPr&Mode=NG23
The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Petrochemicals on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Petrochemicals Market and assist manufacturers and Petrochemicals organization to better grasp the development course of Petrochemicals Market.
Note: All the reports that we list have been tracking the impact of COVID-19 . Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Contact US:
Irfan Tamboli (Head of Sales)-Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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