The Petrochemicals Market is expected to be around US$ 671.89 Billion by 2027 at a CAGR of 5.3% in the given forecast period
Petrochemicals are the chemical products found from petroleum by refining. Some chemical compounds made from petroleum are also got from other fossil fuels, such as coal or natural gas, or renewable sources such as palm fruit or sugar cane and maize. The petrochemicals industry sources raw materials from purifying and gas-processing and translates these raw materials into valuable products using a variation of chemical process technologies. The petrochemicals market has witnessed an exponential development over the past few decades, owing to the growing demand from a range of end-use industries, including food & beverage, electrical & electronics, healthcare, aerospace, building & construction, agriculture, and automotive. Nevertheless, in the current scenario, the mounting environmental concerns revolving around the manufacture of petrochemicals has played a key role in transforming some manufacturing processes and other processes that primarily contribute to climate change. However, with growing concerns pertaining to the use of plastic and its environmental effect, the demand for plastic products in numerous core industrial sectors has declined consistently. Thus, the development of the global petrochemicals market is likely to slow down in the second half of the forecast period.
The global Petrochemicals market is segregated on the basis of Type as Ethylene, Propylene, Butadiene, Benzene, Toluene, Xylene, Methanol, and Others. Based on Application the global Petrochemicals market is segmented in Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants, Dyes, and Others. Based on End-Use Industry the global Petrochemicals market is segmented in Packaging, Automotive & Transportation, Construction, Electrical & Electronics, Healthcare, and Others.
The global Petrochemicals market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Petrochemicals market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
BASF SE (Germany), SABIC (Saudi Arabia), LyondellBasell Industries Holdings B.V. (The Netherlands), TOTAL (France), Indian Oil Corporation Limited (India), Chevron Phillips Chemical Company (US), BP PLC (UK), Sumitomo Chemical Company (Japan), Reliance Industries Limited (India), China National Petroleum Corporation (China), and others are among the major players in the global Petrochemicals market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Petrochemicals Market has been segmented as below:
Petrochemicals Market, By Type
Petrochemicals Market, By Application
Petrochemicals Market, By End-Use Industry
Petrochemicals Market, By Region
Petrochemicals Market, By Company
The report covers:
Report Scope:
The global Petrochemicals market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Petrochemicals market share. Major industry players with significant revenue share include BASF SE (Germany), SABIC (Saudi Arabia), LyondellBasell Industries Holdings B.V. (The Netherlands), TOTAL (France), Indian Oil Corporation Limited (India), Chevron Phillips Chemical Company (US), BP PLC (UK), Sumitomo Chemical Company (Japan), Reliance Industries Limited (India), China National Petroleum Corporation (China), and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Petrochemicals Market, By Type
5.1. Key Points
5.2. Ethylene
5.3. Propylene
5.4. Butadiene
5.5. Benzene
5.6. Toluene
5.7. Xylene
5.8. Methanol
5.9. Others
6. Petrochemicals Market, By Application
6.1. Key Points
6.2. Polymers
6.3. Paints and Coatings
6.4. Solvents
6.5. Rubber
6.6. Adhesives and Sealants
6.7. Surfactants
6.8. Dyes
6.9. Others
7. Petrochemicals Market, By End-Use Industry
7.1. Key Points
7.2. Packaging
7.3. Automotive & Transportation
7.4. Construction
7.5. Electrical & Electronics
7.6. Healthcare
7.7. Others
8. Competitive Landscape
8.1. Introduction
8.2. Recent Developments
8.2.1. Mergers & Acquisitions
8.2.2. New Product Developments
8.2.3. Portfolio/Production Capacity Expansions
8.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.2.5. Others
9. Company Profiles
9.1 BASF SE
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 SABIC
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 LyondellBasell Industries Holdings B.V.
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 TOTAL
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 Indian Oil Corporation Limited
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 BP PLC
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Sumitomo Chemical Company
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Reliance Industries Limited
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 China National Petroleum Corporation
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Chevron Phillips Chemical Company
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
The Petrochemicals Market has been segmented as below:
Petrochemicals Market, By Type
Petrochemicals Market, By Application
Petrochemicals Market, By End-Use Industry
Petrochemicals Market, By Region
Petrochemicals Market, By Company
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