Press release
Global Petrochemicals Market Driven by Rising Demand from China, to Exhibit 6.8% CAGR from 2014 to 2020
Transparency Market Research (TMR) has announced the release of a new market study on the global petrochemicals market. The report examines the historical trajectory of the market up to 2013 and presents forecasts for the market’s development from 2014 to 2020. According to the report, the global petrochemicals market is expected to exhibit a steady 6.8% CAGR from 2014 to 2020. The market will reach a valuation of US$885.1 bn by the end of the forecast period.The report is titled ‘Petrochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’ and is available for sale on the official website of TMR.Petrochemicals, as the name suggests, are a wide range of chemicals derived from petroleum feedstock. The global market for petrochemicals is a crucial part of the chemicals industry and has significant impact on various walks of human life, as ubiquitous materials such as plastics are derived from petrochemicals. Due to the rising demand for its various end-use segments, the global petrochemicals market is expected to exhibit steady growth in the coming years.
Download And Get Sample PDF File Of Petrochemicals Market : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1316
The major product segments of the global petrochemicals market are ethylene, propylene, methanol, butadiene, xylene, benzene, styrene, vinyls, and toluene. Of these, ethylene was the major product type in the market in 2013. Ethylene’s use in the manufacture of polyethylene – which, as the name suggests, consists of multiple polymers of ethylene – is a major driver for the global petrochemicals market.
The rising use of methanol in fuel mixtures has also provided a boost to the global petrochemicals market.
Adding methanol allows for cleaner combustion of fuels, reducing the environmental damage caused by the combustion. According to TMR, methanol is expected to be the fastest growing product segment of the global petrochemicals market in the forecast period. The demand for styrene and butadiene is also expected to rise in the coming years, thanks to their growing application in styrene butadiene rubber and the rising demand for butadiene for the production of acrylonitrile butadiene styrene.
On the basis of geography, China emerged as the largest segment of the global market in 2013. China accounted for 25% of the demand from the global petrochemicals market, thanks in part to the country’s booming automotive and construction industries. China is also anticipated to remain in a dominant position in the global petrochemicals market in the coming years and is expected to be the fastest growing segment of the market in the forecast period.
The rest of Asia Pacific followed China in the regional hierarchy of the global petrochemicals market in 2013. India is the leader in the rest of Asia Pacific, with the increasing demand for products containing petrochemicals and the country’s flourishing manufacturing sector expected to propel the regional market for petrochemicals.
Browse The Full Petrochemicals Market Report At : http://www.transparencymarketresearch.com/petrochemicals.html
The Middle East and Africa also have an important role to play in the future of the global petrochemicals market. These two regions contain some of the largest petroleum producers in the world, with the easy availability of petroleum allowing petrochemical companies in the region to post strong growth figures.
In competitive terms, the global petrochemicals market is highly fragmented and marked by constant efforts on the part of multinational giants to acquire smaller regional companies. Key players in the global petrochemicals market are BASF SE, Shell Chemical Company, Total S.A., E. I. du Pont de Nemours and Company, Sumitomo Chemical Co. Ltd., ExxonMobil, Sinopec Ltd., The Dow Chemical Company, SABIC, LyondellBasell Industries, and Chevron Phillips Chemical Company LLC.
The global petrochemicals market is segmented as follows:
Petrochemicals Market: Product Segment Analysis
Ethylene
Propylene
Butadiene
Benzene
Xylene
Toluene
Vinyls
Styrene
Methanol
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog : http://globalresearchanalysis.blogspot.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 Global Petrochemicals Market Driven by Rising Demand from China, to Exhibit 6.8% CAGR from 2014 to 2020 here
News-ID: 372332 • Views: …
More Releases from TMR – Research Reports

Power Line Communication Market to Present Highly Lucrative Opportunities for Ma …
Power Line Communication (PLC) is an emerging communication technology which enables data exchange over existing power cables. It uses power grids to communicate between two end-points. PLC technology allow users to control or retrieve data in a half-duplex manner. Furthermore, in this communication method, sender modulates the data, and injects in power cables which can be retrieved by de-modulation at the receiving end. PLC technology is widely used for home…

Wood Coatings Market - Roof coatings to Register High Demand | 2025
The global wood coatings market is choc-o-bloc with players and this has served to intensify the competition over the years. Product differentiation is a key tool leveraged by players to steal a march over their competitors. Key factors promoting growth in the market are the soaring construction activities across the globe and the increasing spending capacity of people which has stoked sales of furniture.
Another factor catalyzing growth in the global…

Welding Materials Market - Thriving Growth In Industrial Application Segments By …
The global welding materials market is growing on account of the thriving growth of application segments such as transportation, building and construction, marine, and automobiles. The growing urbanization in developing nations will drive the growth of this market. The increasing infrastructure development in Asia Pacific will also fuel the growth of the welding materials market. The technological advancements in the automobile industry will also aid the growth of this market.…

Intumescent Coatings Market Demand for Improved Fire Safety to Fuel Growth By 20 …
The global intumescent coatings market has remained moderately concentrated as nearly 45% of its overall share was held by three enterprises in 2015. These companies were Sherwin-Williams Co., PPG Industries Inc., and Nobel N.V., finds Transparency Market Research (TMR) in a new study. These companies, besides other prominent market players are continuously making efforts to expand their regional footprint by establishing new manufacturing units.
While expanding operations across emerging nations has…
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…