Press release
Global Petrochemicals Market Strategic Assessments 2020-30: Covid 19 Impact And Recovery
The global pesticide and other agricultural chemicals market is expected to grow from $84.5 billion in 2019 to $86.7 billion in 2020 at a compound annual growth rate (CAGR) of 2.6%. The low growth 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 $86 billion in 2023.
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The petrochemicals manufacturing market consists of the sales of petrochemicals by entities (organizations, sole traders or partnerships) that produce acyclic (i.e., aliphatic) hydrocarbons such as ethylene, propylene, and butylene made from refined petroleum or liquid hydrocarbons and/or produce cyclic aromatic hydrocarbons such as benzene, toluene, styrene, xylene, ethyl benzene, and cumene made from refined petroleum or liquid hydrocarbons.
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.
Petrochemicals Market Segmentation: -
By Type
1. Ethylene-Petrochemicals
2. Propylene-Petrochemicals
3. Benzene-Petrochemicals
4. Xylene
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Petrochemicals Market Characteristics
4. Petrochemicals Market Product Analysis
5. Petrochemicals Market Supply Chainain
………………
19. Petrochemicals Market Competitive Landscape
20. Key Mergers And Acquisitions In The Petrochemicals Market
21. Market Background: Chemicals Market
22. Recommendations
23. Appendix
The report covers the trends and market dynamics of the petrochemicals market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the petrochemicals market are Saudi Basic Industries Corporation (SABIC); Sinopec; Royal Dutch Shell Plc; LyondellBasell Industries; INEOS AG
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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