Press release
Petrochemicals Market Is Expected To Reach USD 900.91 billion By 2032|Companies- BASF SE, LyondellBasell Industries Holdings B.V., INEOS
Petrochemicals Market
Natural gas, crude oil, and coal are used to derive petrochemicals. The expansion of the market can be credited to the growth of industries such as electronics, packaging, automotive, and construction, which is poised to increase the demand for petrochemical products.
Fortune Business Insightsโข provides this information in its research report, titled "Petrochemicals Market, 2024-2032".
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/sample/petrochemicals-market-102363
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โถ BASF SE (Germany)
โถ LyondellBasell Industries Holdings B.V. (Netherlands)
โถ INEOS (K.)
โถ Shell plc (K.)
โถ SABIC (Saudi Arabia)
โถ Reliance Industries Limited (India)
โถ Mitsubishi Chemical Corporation. (Japan)
โถ Dow Chemical Company (U.S.)
โถ LG Chem (South Korea)
โถ Chevron Phillips Chemical Company LLC. (U.S.)
โถ China National Petroleum Corporation (China)
โถ Maruzen Petrochemical Co., Ltd. (Tokyo)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฎ๐ซ๐ ๐ข๐ง๐ ๐๐๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ ๐จ๐ ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐จ๐ซ ๐๐ข๐ง๐ฒ๐ฅ ๐๐ก๐ฅ๐จ๐ซ๐ข๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐ ๐ฎ๐๐ฅ๐๐ ๐ญ๐ก๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
On the basis of type, the market is categorized into methanol, propylene, ethylene, xylene, and others. The ethylene segment captured the largest petrochemicals market share in 2022. Ethylene is used in the production of ethylene glycol, vinyl chloride, and polyethylene. This factor is propelling the ethylene segment growth.
๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐ฆ๐ฉ๐๐ฅ๐๐ ๐ญ๐ก๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Based on end-use industry, the market is divided into electronics, automotive, construction, packaging, and others. The packaging segment held the largest market share in 2022. The demand for plastic packaging, mainly in non-food and food packaging is increasing. This factor is bolstering the packaging segment growth.
From the regional perspective, the market is divided into South America, North America, the Asia Pacific, Europe, and the Middle East & Africa.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/petrochemicals-market-102363
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The research report offers detailed insights into the major factors proliferating the market growth. It further encompasses the restraining factors, the COVID-19 pandemic's impact on market growth, and major industry developments. Additional aspects of the report include the competitive strategies deployed by leading industry players to reinforce their position.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ญ๐จ ๐ ๐จ๐ฌ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
One of the key factors propelling the petrochemicals market growth is the flourishing packaging industry. This factor can be attributed to the growing urbanization trend. Due to the growth in urban population, the demand for packaged goods has increased.
Despite an expanding scope for the adoption of the product, the harmful impacts of petrochemical products may impede the market growth.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง- https://www.fortunebusinessinsights.com/petrochemicals-market-102363
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ฎ๐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐ญ๐ซ๐จ๐ง๐ ๐๐ซ๐๐ฌ๐๐ง๐๐ ๐จ๐ ๐๐ซ๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
The Asia Pacific petrochemicals market dominated in 2022. The robust presence of the traditional automotive industry in China is escalating the regional growth.
The growth of North America market for petrochemicals can be attributed to the growing petroleum sector due to technological advancements in shale oil production by hydraulic fracturing.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
๐๐๐๐๐ข๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ ๐ญ๐จ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐ก๐๐ข๐ซ ๐๐๐ฏ๐๐ง๐ฎ๐
The major industry players in the petrochemicals market are forging partnerships and deploying other strategic initiatives such as product innovations, joint ventures, and others. Several companies are also focusing on mergers and acquisition strategies to capture the largest market share and boost revenue.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
July 2023 - INEOS inked a deal for the acquisition of Gexaro, Appryl, and Naphtachimie, which was a 50:50 joint venture between INEOS and TotalEnergies in Southern France. This deal is a significant step toward the INEOS French and South European businesses.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ-
Plastics Market- https://www.fortunebusinessinsights.com/plastics-market-102176
Ethylene Copolymer Market- https://www.fortunebusinessinsights.com/ethylene-copolymer-market-102893
Thermoplastic Polyurethane (TPU) Market- https://www.fortunebusinessinsights.com/thermoplastic-polyurethane-tpu-market-102389
Contact Us:
Fortune Business Insightsโข Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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 Petrochemicals Market Is Expected To Reach USD 900.91 billion By 2032|Companies- BASF SE, LyondellBasell Industries Holdings B.V., INEOS here
News-ID: 3676514 • Views: โฆ
More Releases from Fortune Business Insights
Airborne Fire Control Radar Market Forecast 2024-2032: Key Trends, Industry Shar โฆ
The global airborne fire control radar market size was valued at USD 3.07 billion in 2023. The market is expected to expand from USD 3.25 billion in 2024 to USD 5.15 billion by 2032, exhibiting a CAGR of 5.9% over the study period.
Modern military aircraft heavily rely on airborne fire control radars to execute a range of missions, including air-to-ground strikes, maritime surveillance, and air-to-air combat. The increasing acquisition ofโฆ
Nuclear Power Market Size, Share, Industry Report 2025-2032
Industry Opportunity:
The nuclear power industry presents a significant opportunity as a low-carbon and efficient alternative to fossil fuels for electricity generation. With nuclear plants capable of generating electricity approximately 90% of the time annually, they offer a reliable energy source amid growing global energy demands.
As countries transition towards clean energy solutions, nuclear power stands out due to its minimal greenhouse gas emissions and potential to stabilize fuel prices byโฆ
Solar Carport Market Size, Share & Forecast 2025-2032
Key Highlights:
Global Market Size (2024): USD 484.62 million; projected to reach USD 531.04 million in 2025 and USD 905.08 million by 2032 (CAGR 7.91%)
U.S. Market (2032): USD 87.06 million, driven by EV adoption and incentives
Get a Free Sample PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104006
Introduction
The global solar carport market harnesses parking infrastructure to generate clean energy, combining shade and EV-charging with renewable power generation. Covering residential, commercial, and industrial segments across North America, Europe,โฆ
Basalt Fiber Market Size, Share, Types, Products, Trends, Growth, Future Innovat โฆ
The global basalt fiber market size was valued at USD 435.00 million in 2023. The market is projected to grow from USD 505.91 million in 2024 to USD 1,280.70 million by 2032 at a CAGR of 12.3% during the forecast period of 2024-2032. Asia Pacific dominated the basalt fiber market with a market share of 37.6% in 2023.
Basalt fiber, derived from basalt rocks, is a naturally occurring material and isโฆ
More Releases for Petrochemical
Basic Petrochemical Market 2022 | Detailed Report
The Basic Petrochemical research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Basic Petrochemical research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5388520โฆ
Global Petrochemical Catalyst Market 2020 Industry Status
This report also researches and evaluates the impact of Covid-19 outbreak on the Petrochemical Catalyst industry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Petrochemical Catalystย and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).
ย
Scope of the Report:
The report presents the market outlook for the Indian Phospho Gypsum product from the year 2019 to the yearโฆ
Global Alkylbenzene Sulfonate Market Analysis 2020 Indian Oil, Jintung Petrochem โฆ
Global Alkylbenzene Sulfonate Market Size, Type, Application, End-User, and Regional Analysis, Trade Analysis, Market Overview, Premium Insights,Patent Analysis, Market Attractiveness, Company Profiles, Traders/Distributors, Key Buyers, Forecasts 2020 - 2025
The Alkylbenzene Sulfonate market study exhibits a comprehensive analysis of the historic, current, and future trends across the globe. The report comprises of definitions, classifications, product specifications, and market overview, manufacturing processes, cost structures, and raw material analysis. The Alkylbenzene Sulfonate marketโฆ
Refractories Market - Revolution in Petrochemical Products 2025
Global Refractories Market: Overview
Modern manufacturing methods frequently function under extremely high temperatures, at times in excess of 1,000ยฐF, and that calls for ceramic materials that can withstand stronger heat than metals. Refractories are materials that can maintain their form at high temperature and are ideal for kilns, furnaces, reactors, and incinerators. In addition to being heat resistance, refractory materials are also able to deal with physical wear and tear asโฆ
Lubricant Packaging Market By Top Key Players : Martin Operating Partnership, Zh โฆ
Chatbots Market research report helps to get access to industry data and upcoming trends which will give you avenues to know about the market. This report gives opportunities to go through with industry analysis, share and forecast, Providing brief description about the market size its competitors and product identification.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate ofโฆ
GLOBAL ACRYLONITRILE MARKET: TAEKWANG INDUSTRIAL, SHANGHAI SECCO PETROCHEMICAL, โฆ
Global Market Study Evaluate on Acrylonitrile Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022
The scope of the global Acrylonitrile market report is:
This report offers a comprehensive evaluation of the Acrylonitrile market. It does so by in-depth qualitative insights, historical Acrylonitrile market data, and verifiable projections about global Acrylonitrile market size. The projections featured in the Acrylonitrile market report have been derived using proven research assumptions andโฆ
