The global Petrochemicals market size was valued at US$ 659170 million in 2023. With growing demand in downstream market, the Petrochemicals is forecast to a readjusted size of US$ 913510 million by 2030 with a CAGR of 4.8% during review period.
The research report highlights the growth potential of the global Petrochemicals market. Petrochemicals are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Petrochemicals. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Petrochemicals market.
Petrochemicals (also known as petroleum distillates) are chemical products derived from petroleum. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as corn, palm fruit or sugar cane.
Currently, Asia-Pacific is the largest market for the petrochemicals having accounted for more than half of the global market size, by volume, in 2017. Among all the countries, China & India dominated the basic polymers market in 2017 in terms of volume, closely followed by Japan. High economic growth rate, rising demand for construction products made up of plastics, growing health awareness applications, improving standards of living and competitive manufacturing costs are the main factors leading to the growth of the market for petrochemicals in this region.
Key Features:
The report on Petrochemicals market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Petrochemicals market. It may include historical data, market segmentation by Type (e.g., Ethylene, Propylene), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Petrochemicals market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Petrochemicals market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Petrochemicals industry. This include advancements in Petrochemicals technology, Petrochemicals new entrants, Petrochemicals new investment, and other innovations that are shaping the future of Petrochemicals.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Petrochemicals market. It includes factors influencing customer ' purchasing decisions, preferences for Petrochemicals product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Petrochemicals market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Petrochemicals market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Petrochemicals market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Petrochemicals industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Petrochemicals market.
Market Segmentation:
Petrochemicals market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Ethylene
Propylene
Benzene
Butadiene
Xylenes
Toluene
Segmentation by application
Construction
Packaging
Automotive
Electrical & Electronics
Aerospace
Consumer Goods
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
LyondellBasell
BASF
Total
Royal Dutch Shell
Sinopec
DowDupont
Reliance Industries
Sabic
British Petroleum
Chevron Phillips
Formosa Plastics
China National Petroluem Corporation
Exxonmobil
Ineos
Key Questions Addressed in this Report
What is the 10-year outlook for the global Petrochemicals market?
What factors are driving Petrochemicals market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Petrochemicals market opportunities vary by end market size?
How does Petrochemicals break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Petrochemicals Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Petrochemicals by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Petrochemicals by Country/Region, 2019, 2023 & 2030
2.2 Petrochemicals Segment by Type
2.2.1 Ethylene
2.2.2 Propylene
2.2.3 Benzene
2.2.4 Butadiene
2.2.5 Xylenes
2.2.6 Toluene
2.3 Petrochemicals Sales by Type
2.3.1 Global Petrochemicals Sales Market Share by Type (2019-2024)
2.3.2 Global Petrochemicals Revenue and Market Share by Type (2019-2024)
2.3.3 Global Petrochemicals Sale Price by Type (2019-2024)
2.4 Petrochemicals Segment by Application
2.4.1 Construction
2.4.2 Packaging
2.4.3 Automotive
2.4.4 Electrical & Electronics
2.4.5 Aerospace
2.4.6 Consumer Goods
2.4.7 Others
2.5 Petrochemicals Sales by Application
2.5.1 Global Petrochemicals Sale Market Share by Application (2019-2024)
2.5.2 Global Petrochemicals Revenue and Market Share by Application (2019-2024)
2.5.3 Global Petrochemicals Sale Price by Application (2019-2024)
3 Global Petrochemicals by Company
3.1 Global Petrochemicals Breakdown Data by Company
3.1.1 Global Petrochemicals Annual Sales by Company (2019-2024)
3.1.2 Global Petrochemicals Sales Market Share by Company (2019-2024)
3.2 Global Petrochemicals Annual Revenue by Company (2019-2024)
3.2.1 Global Petrochemicals Revenue by Company (2019-2024)
3.2.2 Global Petrochemicals Revenue Market Share by Company (2019-2024)
3.3 Global Petrochemicals Sale Price by Company
3.4 Key Manufacturers Petrochemicals Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Petrochemicals Product Location Distribution
3.4.2 Players Petrochemicals Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Petrochemicals by Geographic Region
4.1 World Historic Petrochemicals Market Size by Geographic Region (2019-2024)
4.1.1 Global Petrochemicals Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Petrochemicals Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Petrochemicals Market Size by Country/Region (2019-2024)
4.2.1 Global Petrochemicals Annual Sales by Country/Region (2019-2024)
4.2.2 Global Petrochemicals Annual Revenue by Country/Region (2019-2024)
4.3 Americas Petrochemicals Sales Growth
4.4 APAC Petrochemicals Sales Growth
4.5 Europe Petrochemicals Sales Growth
4.6 Middle East & Africa Petrochemicals Sales Growth
5 Americas
5.1 Americas Petrochemicals Sales by Country
5.1.1 Americas Petrochemicals Sales by Country (2019-2024)
5.1.2 Americas Petrochemicals Revenue by Country (2019-2024)
5.2 Americas Petrochemicals Sales by Type
5.3 Americas Petrochemicals Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Petrochemicals Sales by Region
6.1.1 APAC Petrochemicals Sales by Region (2019-2024)
6.1.2 APAC Petrochemicals Revenue by Region (2019-2024)
6.2 APAC Petrochemicals Sales by Type
6.3 APAC Petrochemicals Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Petrochemicals by Country
7.1.1 Europe Petrochemicals Sales by Country (2019-2024)
7.1.2 Europe Petrochemicals Revenue by Country (2019-2024)
7.2 Europe Petrochemicals Sales by Type
7.3 Europe Petrochemicals Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Petrochemicals by Country
8.1.1 Middle East & Africa Petrochemicals Sales by Country (2019-2024)
8.1.2 Middle East & Africa Petrochemicals Revenue by Country (2019-2024)
8.2 Middle East & Africa Petrochemicals Sales by Type
8.3 Middle East & Africa Petrochemicals Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Petrochemicals
10.3 Manufacturing Process Analysis of Petrochemicals
10.4 Industry Chain Structure of Petrochemicals
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Petrochemicals Distributors
11.3 Petrochemicals Customer
12 World Forecast Review for Petrochemicals by Geographic Region
12.1 Global Petrochemicals Market Size Forecast by Region
12.1.1 Global Petrochemicals Forecast by Region (2025-2030)
12.1.2 Global Petrochemicals Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Petrochemicals Forecast by Type
12.7 Global Petrochemicals Forecast by Application
13 Key Players Analysis
13.1 LyondellBasell
13.1.1 LyondellBasell Company Information
13.1.2 LyondellBasell Petrochemicals Product Portfolios and Specifications
13.1.3 LyondellBasell Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 LyondellBasell Main Business Overview
13.1.5 LyondellBasell Latest Developments
13.2 BASF
13.2.1 BASF Company Information
13.2.2 BASF Petrochemicals Product Portfolios and Specifications
13.2.3 BASF Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 BASF Main Business Overview
13.2.5 BASF Latest Developments
13.3 Total
13.3.1 Total Company Information
13.3.2 Total Petrochemicals Product Portfolios and Specifications
13.3.3 Total Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Total Main Business Overview
13.3.5 Total Latest Developments
13.4 Royal Dutch Shell
13.4.1 Royal Dutch Shell Company Information
13.4.2 Royal Dutch Shell Petrochemicals Product Portfolios and Specifications
13.4.3 Royal Dutch Shell Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Royal Dutch Shell Main Business Overview
13.4.5 Royal Dutch Shell Latest Developments
13.5 Sinopec
13.5.1 Sinopec Company Information
13.5.2 Sinopec Petrochemicals Product Portfolios and Specifications
13.5.3 Sinopec Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Sinopec Main Business Overview
13.5.5 Sinopec Latest Developments
13.6 DowDupont
13.6.1 DowDupont Company Information
13.6.2 DowDupont Petrochemicals Product Portfolios and Specifications
13.6.3 DowDupont Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 DowDupont Main Business Overview
13.6.5 DowDupont Latest Developments
13.7 Reliance Industries
13.7.1 Reliance Industries Company Information
13.7.2 Reliance Industries Petrochemicals Product Portfolios and Specifications
13.7.3 Reliance Industries Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Reliance Industries Main Business Overview
13.7.5 Reliance Industries Latest Developments
13.8 Sabic
13.8.1 Sabic Company Information
13.8.2 Sabic Petrochemicals Product Portfolios and Specifications
13.8.3 Sabic Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Sabic Main Business Overview
13.8.5 Sabic Latest Developments
13.9 British Petroleum
13.9.1 British Petroleum Company Information
13.9.2 British Petroleum Petrochemicals Product Portfolios and Specifications
13.9.3 British Petroleum Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 British Petroleum Main Business Overview
13.9.5 British Petroleum Latest Developments
13.10 Chevron Phillips
13.10.1 Chevron Phillips Company Information
13.10.2 Chevron Phillips Petrochemicals Product Portfolios and Specifications
13.10.3 Chevron Phillips Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Chevron Phillips Main Business Overview
13.10.5 Chevron Phillips Latest Developments
13.11 Formosa Plastics
13.11.1 Formosa Plastics Company Information
13.11.2 Formosa Plastics Petrochemicals Product Portfolios and Specifications
13.11.3 Formosa Plastics Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Formosa Plastics Main Business Overview
13.11.5 Formosa Plastics Latest Developments
13.12 China National Petroluem Corporation
13.12.1 China National Petroluem Corporation Company Information
13.12.2 China National Petroluem Corporation Petrochemicals Product Portfolios and Specifications
13.12.3 China National Petroluem Corporation Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 China National Petroluem Corporation Main Business Overview
13.12.5 China National Petroluem Corporation Latest Developments
13.13 Exxonmobil
13.13.1 Exxonmobil Company Information
13.13.2 Exxonmobil Petrochemicals Product Portfolios and Specifications
13.13.3 Exxonmobil Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Exxonmobil Main Business Overview
13.13.5 Exxonmobil Latest Developments
13.14 Ineos
13.14.1 Ineos Company Information
13.14.2 Ineos Petrochemicals Product Portfolios and Specifications
13.14.3 Ineos Petrochemicals Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Ineos Main Business Overview
13.14.5 Ineos Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
