Global Petrochemicals Market 2015: Forecast to 2020
Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1316
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.
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.
Request to download and view full ToC @ http://www.transparencymarketresearch.com/report-toc/1316
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.
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.
View Report @ http://www.transparencymarketresearch.com/petrochemicals.html
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 2015: Forecast to 2020 here
News-ID: 711115 • Views: 273
More Releases from TMR
Bone Growth Stimulators Market Is Likely To Tread Along A Healthy Growth Track O …
Bone Growth Stimulators Market: Introduction According to the report, the global bone growth stimulators market was valued at US$ 1.3 Bn in 2018 and is projected to expand at a CAGR of ~5% from 2019 to 2027. Bone growth stimulation is a therapy used to aid bone healing process after a fracture or spinal fusion surgery. Rise in geriatric population globally, increase in prevalence of orthopedic diseases and rising inclination of
HIV Self-test Kits Market Report Examines Growth Overview And Predictions On Siz …
HIV Self-test Kits Market: Introduction According to the report, the global HIV self-test kits market was valued at US$ 60.3 Mn in 2018 and is projected to expand at a CAGR of ~17% from 2019 to 2027. HIV self-testing is a screening test, which detects the presence of HIV-1/2 antibodies. HIV self-testing is a test in which a person collects his/her own specimen and performs an HIV test in a private
Fetal Monitoring Systems Market Size Examines Growth Overview And Predictions On …
Fetal Monitoring Systems Market: Introduction Transparency Market Research has published a new report titled "Fetal Monitoring Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027". According to the report, the global fetal monitoring systems market was valued at approximately US$ 2.8 Bn in 2018. It is expected to expand at a CAGR of ~3% during the forecast period from 2019 to 2027. Monitoring procedures are the basis
Orthopedic Biomaterials Market Size Is In Tremendous Growth Phase | Analysis Rep …
Orthopedic Biomaterials Market: Introduction According to the report, the global orthopedic biomaterials market was valued at US$ 11.3 Bn in 2018 and is projected to expand at a CAGR of ~7% from 2019 to 2027. Rise in percentage of population requiring orthopedic implants, and increase in incidence rate of injuries related to accidents, sports, and adventure are anticipated to augment the global orthopedic biomaterials market from 2019 to 2027. North America
More Releases for China
China is a growing Asian country and day by day many people migrate into the country for pursuing their personal needs. But going into China is not an easy task, we have to face some legal steps ahead. Let us define all this legal action in a single word China attestation. China government placed its embassies all over the world for ensuring the trustworthiness of the immigrant’s certificate. There
Packaged Water in China
ReportsWorldwide has announced the addition of a new report title Packaged Water in China to its growing collection of premium market research reports. Packaged Water in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Agrochemicals Market in China
ReportsWorldwide has announced the addition of a new report title China: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “China: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, …
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Color Steel Tile Market 2017’. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basis
Telecom Cloud Billing Services Explore In Regions (South China, East China, Sout …
Big Market Research has added a report, titled, “China Telecom Cloud Billing Services Market Size, Status and Forecast 2022.” The report offers an extensive information and analysis of sales, production, revenue, key manufacturers, drivers & opportunities, and competitive scenario. Moreover, current industry trends and growth prospects are explored along with thorough analysis of each segment for the historic period, 2012–2017 and the forecast period, 2017–2022. The research also offers insights
Restaurant Markets in China
China’s demand for Restaurant has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and capital investment for over two decades. This new study examines China’s economic trends, investment environment, industry development, supply