Petrochemicals Market Size, Share, and Analysis, By Product Type (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Methanol), By Manufacturing processes (Fluid Catalytic Cracking (FCC), Steam cracking, Catalytic reforming), By Application (Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants, Dyes, Others), By End Use (Aerospace, Agriculture, Automotive, Building & Construction, Consumer & Industrial Goods, and Others) and Regional Forecasts, 2022-2032

September 2023 | 374 pages | ID: PC2F1006A3B9EN
Fatpos Global

Abstracts

Petrochemicals Market Size, Share, and Analysis, By Product Type (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Methanol), By Manufacturing processes (Fluid Catalytic Cracking (FCC), Steam cracking, Catalytic reforming), By Application (Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants, Dyes, Others), By End Use (Aerospace, Agriculture, Automotive, Building & Construction, Consumer & Industrial Goods, and Others) and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Petrochemicals Market size was USD 467.65 billion in 2021 and projected t%li%grow from USD 521 billion in 2023 t%li%USD 854.4 billion by 2032, exhibiting a CAGR of 5.6% during the forecast period.

Petrochemicals are generated through sturdy refining processes which include separating and purifying various compounds from crude oil and natural gas. The petrochemicals market is an important component of the global economy, as it supplies the major building blocks for several industries and is influenced by various factors like availability of raw material and prices, altering demand patterns over various end-use industries and advancements in technology. Petrochemicals industry includes many key players, including large MNC’s, independent producers etc.

MARKET HIGHLIGHTS

Petrochemicals Market is expected t%li%reach USD 854.4 billion, growing at a CAGR of 5.6% during forecast period owing t%li%the increasing demand for these products from various end-use industries like automotive, pharmaceuticals, construction etc. which is expected t%li%drive the growth of the market. Petrochemicals market is an important component for many industrial processes and is a major pillar for the industrial economy. Few products derived from petrochemicals include tires, oil, detergents, plastics, etc.

Petrochemicals Market Segments:

• Product Type
• Ethylene
• Propylene
• Butadiene
• Benzene
• Xylene
• Toluene
• Methanol
• Manufacturing processes
• Fluid Catalytic Cracking (FCC)
• Steam cracking
• Catalytic reforming
• Application
• Polymers
• Paints and Coatings
• Solvents
• Rubber
• Adhesives and Sealants
• Surfactants
• Dyes
• Others
• End Use
• Aerospace
• Agriculture
• Automotive
• Building & Construction
• Consumer & Industrial Goods
• Others

MARKET DYNAMICS

Growth Drivers

Rise in Use of Plastic is Expected t%li%Boost the Growth of the Market

Advancements in Technology is Expected t%li%Boost the Growth of the Market

Restraint

Increasing Environmental Issues by the Products May Hamper the Market Growth

Key Players

• BASF SE
• Chevron Corporation
• INEOS Group Ltd.
• Sinopec
• ExxonMobil Corporation
• Royal Dutch Shell PLC
• SABIC
• LyondellBasell Industries Holdings B.V.
• China National Petroleum Corporation (CNPC)
• Dow
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons t%li%Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight int%li%the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
• 3-month post-sales analyst support.

Contents

1. EXECUTIVE SUMMARY

1.1.Regional Market Share
1.2. Business Trends
1.3. Petrochemicals Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1. Market Definition
3.2.Petrochemicals Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4. PETROCHEMICALS MARKET – INDUSTRY INSIGHTS

4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7.MARKET DYNAMICS

7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends

8. RISK ANALYSIS

9. MARKET ANALYSIS

9.1. Porters Five Forces
9.2.PEST Analysis
  9.2.1. Political
  9.2.2.Economic
  9.2.3.Social
  9.2.4.Technological

10. PETROCHEMICALS MARKET

10.1.Overview
10.2. Historical Analysis (2016-2021)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11.PETROCHEMICALS MARKET SIZE & FORECAST 2022A-2032F

11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1.By Product Type
    11.3.1.1. Ethylene
      11.3.1.1.1. By Value (USD Million) 2022-2032F
      11.3.1.1.2.Market Share (%) 2022-2032F
      11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
    11.3.1.2.Propylene
      11.3.1.2.1.By Value (USD Million) 2022-2032F
      11.3.1.2.2. Market Share (%) 2022-2032F
      11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.3.Butadiene
      11.3.1.3.1.By Value (USD Million) 2022-2032F
      11.3.1.3.2. Market Share (%) 2022-2032F
      11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.4.Benzene
      11.3.1.4.1.By Value (USD Million) 2022-2032F
      11.3.1.4.2. Market Share (%) 2022-2032F
      11.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.5.Xylene
      11.3.1.5.1.By Value (USD Million) 2022-2032F
      11.3.1.5.2. Market Share (%) 2022-2032F
      11.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.6.Toluene
      11.3.1.6.1.By Value (USD Million) 2022-2032F
      11.3.1.6.2. Market Share (%) 2022-2032F
      11.3.1.6.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.7.Methanol
      11.3.1.7.1.By Value (USD Million) 2022-2032F
      11.3.1.7.2. Market Share (%) 2022-2032F
      11.3.1.7.3. Y-o-Y Growth (%) 2022-2032F
  11.3.2. By Manufacturing processes
    11.3.2.1.Fluid Catalytic Cracking (FCC)
      11.3.2.1.1.By Value (USD Million) 2022-2032F
      11.3.2.1.2. Market Share (%) 2022-2032F
      11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
    11.3.2.2. Steam cracking
      11.3.2.2.1. By Value (USD Million) 2022-2032F
      11.3.2.2.2.Market Share (%) 2022-2032F
      11.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
    11.3.2.3. Catalytic reforming
      11.3.2.3.1. By Value (USD Million) 2022-2032F
      11.3.2.3.2.Market Share (%) 2022-2032F
      11.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
  11.3.3. By Application
    11.3.3.1.Polymers
      11.3.3.1.1.By Value (USD Million) 2022-2032F
      11.3.3.1.2. Market Share (%) 2022-2032F
      11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
    11.3.3.2. Paints and Coatings
      11.3.3.2.1. By Value (USD Million) 2022-2032F
      11.3.3.2.2.Market Share (%) 2022-2032F
      11.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.3. Solvents
      11.3.3.3.1. By Value (USD Million) 2022-2032F
      11.3.3.3.2.Market Share (%) 2022-2032F
      11.3.3.3.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.4. Rubber
      11.3.3.4.1. By Value (USD Million) 2022-2032F
      11.3.3.4.2. Market Share (%) 2022-2032F
      11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
    11.3.3.5. Adhesives and Sealants
      11.3.3.5.1. By Value (USD Million) 2022-2032F
      11.3.3.5.2.Market Share (%) 2022-2032F
      11.3.3.5.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.6. Surfactants
      11.3.3.6.1. By Value (USD Million) 2022-2032F
      11.3.3.6.2.Market Share (%) 2022-2032F
      11.3.3.6.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.7. Dyes
      11.3.3.7.1. By Value (USD Million) 2022-2032F
      11.3.3.7.2.Market Share (%) 2022-2032F
      11.3.3.7.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.8. Others
      11.3.3.8.1. By Value (USD Million) 2022-2032F
      11.3.3.8.2.Market Share (%) 2022-2032F
      11.3.3.8.3.Y-o-Y Growth (%) 2022-2032F
  11.3.4. By End Use
    11.3.4.1.Aerospace
      11.3.4.1.1.By Value (USD Million) 2022-2032F
      11.3.4.1.2. Market Share (%) 2022-2032F
      11.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
    11.3.4.2. Agriculture
      11.3.4.2.1. By Value (USD Million) 2022-2032F
      11.3.4.2.2.Market Share (%) 2022-2032F
      11.3.4.2.3. Y-o-Y Growth (%) 2022-2032F
    11.3.4.3. Automotive
      11.3.4.3.1. By Value (USD Million) 2022-2032F
      11.3.4.3.2. Market Share (%) 2022-2032F
      11.3.4.3.3. Y-o-Y Growth (%) 2022-2032F
    11.3.4.4. Building & Construction
      11.3.4.4.1.By Value (USD Million) 2022-2032F
      11.3.4.4.2. Market Share (%) 2022-2032F
      11.3.4.4.3. Y-o-Y Growth (%) 2022-2032F
    11.3.4.5. Consumer & Industrial Goods
      11.3.4.5.1.By Value (USD Million) 2022-2032F
      11.3.4.5.2. Market Share (%) 2022-2032F
      11.3.4.5.3. Y-o-Y Growth (%) 2022-2032F
    11.3.4.6. Others
      11.3.4.6.1. By Value (USD Million) 2022-2032F
      11.3.4.6.2.Market Share (%) 2022-2032F
      11.3.4.6.3.Y-o-Y Growth (%) 2022-2032F

12. NORTH AMERICA PETROCHEMICALS MARKET SIZE & FORECAST 2022A-2032F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Product Type
  12.3.2.By Manufacturing Processes
  12.3.3.By Application
  12.3.4.By End Use
12.4. Country
  12.4.1.United States
  12.4.2. Canada

13. EUROPE PETROCHEMICALS MARKET SIZE & FORECAST 2022A-2032F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Product Type
  13.3.2.By Manufacturing Processes
  13.3.3.By Application
  13.3.4.By End Use
13.4. Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14. ASIA PETROCHEMICALS MARKET SIZE & FORECAST 2022A-2032F

14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Product Type
  14.3.2.By Manufacturing Processes
  14.3.3.By Application
  14.3.4. By End Use
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4. Japan
  14.4.5. Rest of APAC

15. MIDDLE EAST AND AFRICA PETROCHEMICALS MARKET SIZE & FORECAST 2022A-2032F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Product Type
  15.3.2.By Manufacturing Processes
  15.3.3.By Application
  15.3.4.By End Use
15.4. Country
  15.4.1.Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4. South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA PETROCHEMICALS MARKET SIZE & FORECAST 2022A-2032F

16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1. By Product Type
  16.3.2.By Manufacturing Processes
  16.3.3.By Application
  16.3.4.By End Use
16.4. Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1. Company market share, 2021
17.2.Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1.BASF SE
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2. Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. Chevron Corporation
18.3. INEOS Group Ltd.
18.4.Sinopec
18.5. ExxonMobil Corporation
18.6. Royal Dutch Shell PLC
18.7. SABIC
18.8.LyondellBasell Industries Holdings B.V.
18.9. China National Petroleum Corporation (CNPC)
18.10.Dow
18.11.Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION