Press release
Hydrocarbons Market: Global Trends, Opportunities and Market Projections for Upcoming Years| Top Players- Reliance Industries Limited; Total; Exxon Mobil Corporation; Royal Dutch Shell
Hydrocarbons
Global hydrocarbons market is expected to register a substantial CAGR of 7.67% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the focus of manufacturers and authorities for the development of alternate sources of energy instead of fossil fuels.
Hydrocarbons are a type of organic compound produced from the inclusion of only hydrogen and carbon atoms in their chemical structure. They are generally available in crude oils and natural gases, having more than one bond between the hydrogen and carbon atoms ultimately resulting in structural formation such as rings. These hydrocarbons have a variety of large-scale applications and uses in different industries due to their functionalities and benefits to the consumer
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Major Market Players Covered in the Hydrocarbons Market Are:
Few of the major competitors currently working in the global hydrocarbons market are Reliance Industries Limited; Total; Exxon Mobil Corporation; Royal Dutch Shell; DuPont de Nemours, Inc.; China Petrochemical Corporation; Chevron Corporation; ENGEN PETROLEUM LTD; Sasol; LyondellBasell Industries Holdings B.V.; Neste; Formosa Petrochemical co.; Celanese Corporation; Eastman Chemical Company; SK global chemical Co., Ltd; HCS Group GmbH; Pon Pure Chemicals; Indian Oil Corporation Ltd; Recochem Inc. and TOP SOLVENT CO.,LTD. among others.
Market Drivers:
• They have wide-spread uses mainly used as fuels in the generation of heat and electricity, lubrication and solvents
• Various government policies presented to upgrade the presence of hydrocarbons in various industries for meeting the high energy demands from different industries
• Growing focus of utilizing natural gas in a variety of applications due to its low-rate of emissions and abundant nature in the environment; this factor is expected to boost the growth of the market
Market Restraints:
• Significant environmental impact with hydrocarbons due to their emissions of VOC’s upon usage in various applications; this factor is expected to restrict the growth of the market
• Carcinogenic properties prevalent in hydrocarbons is expected to hinder the growth of the market
• Negative impacts on the exposure of hydrocarbons to plants, animals and humans which results in various healthcare concerns is expected to restrain the growth of the market
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Global Hydrocarbons Market Scope and Market Size
By Application
• Food & Beverages
• Cosmetics & Personal Care
• Pharmaceuticals
• Agricultural/Animal Feed
• Others
By Type
• Powder
• Crystal
By Classification
• Food Grade
• Medical Grade
Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific
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Strategic Points Covered in Table of Content of Global Hydrocarbons Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports
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