Press release
Global Petrochemicals Market Overview, Demand, Size, Growth | JXTG Holdings Inc., Saudi Basic Industries Corporation (SABIC), Sinopec Limited, Royal Dutch Shell, Reliance Industries Limited
Petrochemicals Market
As per the Petrochemicals market report by The Business Research Company, The petrochemicals market is expected to benefit from growth in the automobile industry during the forecast period. There is a drive for the production of automobiles, which is leading to an increase in demand for petrochemical products that are used in the manufacturing of brake parts, radiators, and other components.
The global petrochemicals market grew from $671.57 billion in 2022 to $693.3 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The petrochemicals market is expected to grow to $786.74 billion in 2027 at a CAGR of 3.2%.
Read More On The Petrochemicals Market Report Here:
https://www.thebusinessresearchcompany.com/report/petrochemicals-global-market-report
Major competitors in the Petrochemicals market include JXTG Holdings Inc., Saudi Basic Industries Corporation (SABIC), Sinopec Limited, Royal Dutch Shell, Reliance Industries Limited, LG Chem Ltd., Guardian Industries LLC, Odebrecht Engenharia E Construcao Sa, Mitsubishi Chemical Holdings Corp, and BASF SE.
The Petrochemicals market is segmented -
1) By Type: Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals
2) By Application: Polymers, Paints & Coatings, Solvents, Rubber, Adhesives & Sealants, Surfactants, Pigments & Dyes, Fibers & Fabrics, Other Applications
3) By End Userr Industry: Construction, Packaging, Automotive & Transportation, Healthcare, Electrical & Electronics, Other End-User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Petrochemicals market.
Request A Free Sample Of The Petrochemicals Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3583&type=smp
The petrochemicals refer to distinct chemicals made from refined petroleum or liquid hydrocarbons that are used for commercial purposes. The petrochemicals are also made from other fossil fuels, such as coal, natural gas, and renewable sources such as maize, sugar cane, or palm fruit.
The Table Of Content For The Petrochemicals Market Include:
1. Executive Summary
2. Report Structure
3. Petrochemicals Market Characteristics
4. Petrochemicals Market Product Analysis
5. Petrochemicals Market Supply Chain
....
21. Key Mergers And Acquisitions In The Petrochemicals Market
22. Market Background: Chemicals By End Use Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The "Global Petrochemicals Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Petrochemicals Market Overview, Demand, Size, Growth | JXTG Holdings Inc., Saudi Basic Industries Corporation (SABIC), Sinopec Limited, Royal Dutch Shell, Reliance Industries Limited here
News-ID: 2937506 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Petrochemicals
Petrochemicals Market Industry Analysis - Petrochemicals Market Size Driven by R …
The most recent study offered by Acumen Research and Consulting focuses Petrochemicals Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the Petrochemicals Market trends in order to assess its current and future potential. Our Petrochemicals Market analysis also provides market participants and new entrants with a comprehensive view of the…
Global Petrochemicals Market, Global Petrochemicals Industry, Covid-19 Impact Gl …
The petrochemicals manufacturing market entails of the sales of petrochemicals by countless entities (organizations, sole traders or partnerships) that generate the acyclic (i.e., aliphatic) hydrocarbons such as ethylene, propylene, and butylene made from refined petroleum or liquid hydrocarbons and/or generate the cyclic aromatic hydrocarbons such as benzene, toluene, styrene, xylene, ethyl benzene, and cumene made from the refined petroleum or liquid hydrocarbons.
According to the report analysis, ‘Petrochemicals Global Market…
Automation in Chemicals Petrochemicals Market
This report studies the global Automation in Chemicals Petrochemicals market status and forecast, categorizes the global Automation in Chemicals Petrochemicals market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-automationchemicals-petrochemicals-2018-300
Global automation market in the…
Petrochemicals Market
Global Petrochemicals Market Research Report 2018 tracks the major market events including product launches, technological developments, mergers and acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Petrochemicals market. This research report offers in-depth analysis of the market size (revenue), market share, major market segments, and different…
Petrochemicals Market 2017 Development Trends
This report studies Petrochemicals in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast to 2021.
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
Dow Chemical
DuPont
Total
ExxonMobil
Shell
British Petroleum
CNPC
Sinopec
For more information about this report at http://www.reportsweb.com/Global-Petrochemicals-Market-Professional-Survey-Report-2017
By types, the market can be…
Petrochemicals Market Evolving Industry Trends 2020
The business environment in the global petrochemicals market is highly competitive. Considering the presence of several players, the market’s vendor landscape has remained fragmented. While companies may try various tactics of consolidating market share, overall the competition in the global petrochemicals market will remain intense even in the coming years, as per a new study by Transparency Market Research (TMR). Also to gain competitive strength, the leading market players are…
