
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.
The global Petrochemicals market was valued at US$ 673830 million in 2023 and is anticipated to reach US$ 950070 million by 2030, witnessing a CAGR of 4.6% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Petrochemicals, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Petrochemicals.
Report Scope
The Petrochemicals market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Petrochemicals market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Petrochemicals manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
LyondellBasell
BASF
Total
Royal Dutch Shell
Sinopec
DowDupont
Reliance Industries
Sabic
British Petroleum
Chevron Phillips
Formosa Plastics
China National Petroluem Corporation
Exxonmobil
Ineos
Segment by Type
Ethylene
Propylene
Benzene
Butadiene
Xylenes
Toluene
Segment by Application
Construction
Packaging
Automotive
Electrical & Electronics
Aerospace
Consumer Goods
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Petrochemicals manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Petrochemicals by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Petrochemicals in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Petrochemicals Market Overview
1.1 Product Definition
1.2 Petrochemicals Segment by Type
1.2.1 Global Petrochemicals Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Ethylene
1.2.3 Propylene
1.2.4 Benzene
1.2.5 Butadiene
1.2.6 Xylenes
1.2.7 Toluene
1.3 Petrochemicals Segment by Application
1.3.1 Global Petrochemicals Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Construction
1.3.3 Packaging
1.3.4 Automotive
1.3.5 Electrical & Electronics
1.3.6 Aerospace
1.3.7 Consumer Goods
1.3.8 Others
1.4 Global Market Growth Prospects
1.4.1 Global Petrochemicals Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Petrochemicals Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Petrochemicals Production Estimates and Forecasts (2019-2030)
1.4.4 Global Petrochemicals Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Petrochemicals Production Market Share by Manufacturers (2019-2024)
2.2 Global Petrochemicals Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Petrochemicals, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Petrochemicals Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Petrochemicals Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Petrochemicals, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Petrochemicals, Product Offered and Application
2.8 Global Key Manufacturers of Petrochemicals, Date of Enter into This Industry
2.9 Petrochemicals Market Competitive Situation and Trends
2.9.1 Petrochemicals Market Concentration Rate
2.9.2 Global 5 and 10 Largest Petrochemicals Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Petrochemicals Production by Region
3.1 Global Petrochemicals Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Petrochemicals Production Value by Region (2019-2030)
3.2.1 Global Petrochemicals Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Petrochemicals by Region (2025-2030)
3.3 Global Petrochemicals Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Petrochemicals Production by Region (2019-2030)
3.4.1 Global Petrochemicals Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Petrochemicals by Region (2025-2030)
3.5 Global Petrochemicals Market Price Analysis by Region (2019-2024)
3.6 Global Petrochemicals Production and Value, Year-over-Year Growth
3.6.1 North America Petrochemicals Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Petrochemicals Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Petrochemicals Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Petrochemicals Production Value Estimates and Forecasts (2019-2030)
4 Petrochemicals Consumption by Region
4.1 Global Petrochemicals Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Petrochemicals Consumption by Region (2019-2030)
4.2.1 Global Petrochemicals Consumption by Region (2019-2024)
4.2.2 Global Petrochemicals Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Petrochemicals Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Petrochemicals Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Petrochemicals Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Petrochemicals Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Petrochemicals Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Petrochemicals Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Petrochemicals Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Petrochemicals Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Petrochemicals Production by Type (2019-2030)
5.1.1 Global Petrochemicals Production by Type (2019-2024)
5.1.2 Global Petrochemicals Production by Type (2025-2030)
5.1.3 Global Petrochemicals Production Market Share by Type (2019-2030)
5.2 Global Petrochemicals Production Value by Type (2019-2030)
5.2.1 Global Petrochemicals Production Value by Type (2019-2024)
5.2.2 Global Petrochemicals Production Value by Type (2025-2030)
5.2.3 Global Petrochemicals Production Value Market Share by Type (2019-2030)
5.3 Global Petrochemicals Price by Type (2019-2030)
6 Segment by Application
6.1 Global Petrochemicals Production by Application (2019-2030)
6.1.1 Global Petrochemicals Production by Application (2019-2024)
6.1.2 Global Petrochemicals Production by Application (2025-2030)
6.1.3 Global Petrochemicals Production Market Share by Application (2019-2030)
6.2 Global Petrochemicals Production Value by Application (2019-2030)
6.2.1 Global Petrochemicals Production Value by Application (2019-2024)
6.2.2 Global Petrochemicals Production Value by Application (2025-2030)
6.2.3 Global Petrochemicals Production Value Market Share by Application (2019-2030)
6.3 Global Petrochemicals Price by Application (2019-2030)
7 Key Companies Profiled
7.1 LyondellBasell
7.1.1 LyondellBasell Petrochemicals Corporation Information
7.1.2 LyondellBasell Petrochemicals Product Portfolio
7.1.3 LyondellBasell Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.1.4 LyondellBasell Main Business and Markets Served
7.1.5 LyondellBasell Recent Developments/Updates
7.2 BASF
7.2.1 BASF Petrochemicals Corporation Information
7.2.2 BASF Petrochemicals Product Portfolio
7.2.3 BASF Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.2.4 BASF Main Business and Markets Served
7.2.5 BASF Recent Developments/Updates
7.3 Total
7.3.1 Total Petrochemicals Corporation Information
7.3.2 Total Petrochemicals Product Portfolio
7.3.3 Total Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Total Main Business and Markets Served
7.3.5 Total Recent Developments/Updates
7.4 Royal Dutch Shell
7.4.1 Royal Dutch Shell Petrochemicals Corporation Information
7.4.2 Royal Dutch Shell Petrochemicals Product Portfolio
7.4.3 Royal Dutch Shell Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Royal Dutch Shell Main Business and Markets Served
7.4.5 Royal Dutch Shell Recent Developments/Updates
7.5 Sinopec
7.5.1 Sinopec Petrochemicals Corporation Information
7.5.2 Sinopec Petrochemicals Product Portfolio
7.5.3 Sinopec Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Sinopec Main Business and Markets Served
7.5.5 Sinopec Recent Developments/Updates
7.6 DowDupont
7.6.1 DowDupont Petrochemicals Corporation Information
7.6.2 DowDupont Petrochemicals Product Portfolio
7.6.3 DowDupont Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.6.4 DowDupont Main Business and Markets Served
7.6.5 DowDupont Recent Developments/Updates
7.7 Reliance Industries
7.7.1 Reliance Industries Petrochemicals Corporation Information
7.7.2 Reliance Industries Petrochemicals Product Portfolio
7.7.3 Reliance Industries Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Reliance Industries Main Business and Markets Served
7.7.5 Reliance Industries Recent Developments/Updates
7.8 Sabic
7.8.1 Sabic Petrochemicals Corporation Information
7.8.2 Sabic Petrochemicals Product Portfolio
7.8.3 Sabic Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Sabic Main Business and Markets Served
7.7.5 Sabic Recent Developments/Updates
7.9 British Petroleum
7.9.1 British Petroleum Petrochemicals Corporation Information
7.9.2 British Petroleum Petrochemicals Product Portfolio
7.9.3 British Petroleum Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.9.4 British Petroleum Main Business and Markets Served
7.9.5 British Petroleum Recent Developments/Updates
7.10 Chevron Phillips
7.10.1 Chevron Phillips Petrochemicals Corporation Information
7.10.2 Chevron Phillips Petrochemicals Product Portfolio
7.10.3 Chevron Phillips Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Chevron Phillips Main Business and Markets Served
7.10.5 Chevron Phillips Recent Developments/Updates
7.11 Formosa Plastics
7.11.1 Formosa Plastics Petrochemicals Corporation Information
7.11.2 Formosa Plastics Petrochemicals Product Portfolio
7.11.3 Formosa Plastics Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Formosa Plastics Main Business and Markets Served
7.11.5 Formosa Plastics Recent Developments/Updates
7.12 China National Petroluem Corporation
7.12.1 China National Petroluem Corporation Petrochemicals Corporation Information
7.12.2 China National Petroluem Corporation Petrochemicals Product Portfolio
7.12.3 China National Petroluem Corporation Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.12.4 China National Petroluem Corporation Main Business and Markets Served
7.12.5 China National Petroluem Corporation Recent Developments/Updates
7.13 Exxonmobil
7.13.1 Exxonmobil Petrochemicals Corporation Information
7.13.2 Exxonmobil Petrochemicals Product Portfolio
7.13.3 Exxonmobil Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Exxonmobil Main Business and Markets Served
7.13.5 Exxonmobil Recent Developments/Updates
7.14 Ineos
7.14.1 Ineos Petrochemicals Corporation Information
7.14.2 Ineos Petrochemicals Product Portfolio
7.14.3 Ineos Petrochemicals Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Ineos Main Business and Markets Served
7.14.5 Ineos Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Petrochemicals Industry Chain Analysis
8.2 Petrochemicals Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Petrochemicals Production Mode & Process
8.4 Petrochemicals Sales and Marketing
8.4.1 Petrochemicals Sales Channels
8.4.2 Petrochemicals Distributors
8.5 Petrochemicals Customers
9 Petrochemicals Market Dynamics
9.1 Petrochemicals Industry Trends
9.2 Petrochemicals Market Drivers
9.3 Petrochemicals Market Challenges
9.4 Petrochemicals Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
LyondellBasell
BASF
Total
Royal Dutch Shell
Sinopec
DowDupont
Reliance Industries
Sabic
British Petroleum
Chevron Phillips
Formosa Plastics
China National Petroluem Corporation
Exxonmobil
Ineos
Ìý
Ìý
*If Applicable.
