Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Petrochemical Market by Type (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Vinyls, Styrene, Methanol), By Application (Automotive, Textile, Construction, Industrial, Medical, Pharmaceuticals, Electronics, Consumer goods industries) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Petrochemical Market by Type (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Vinyls, Styrene, Methanol), By Application (Automotive, Textile, Construction, Industrial, Medical, Pharmaceuticals, Electronics, Consumer goods industries) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 135748 3300 Chemical & Material 377 231 Pages 4.8 (41)
                                          

The global petrochemical market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth in this market is driven by the increasing demand for petrochemicals in various industries such as automotive, construction, textile, industrial and medical sectors. The growing demand for petrochemicals in these industries is due to their wide range of applications such as fuel additives and lubricants for automobiles; construction materials like insulation and roofing; textiles like clothing and carpets; industrial products like plastics and adhesives; medical products like medicines and vaccines; electronics such as semiconductors, displays, solar cells etc; consumer goods industries such as paints, detergents etc . The global ethylene segment accounted for the largest share of the global petrochemical market in 2017 owing to its wide range of applications across various industries. Ethylene has a wide range of applications including production of polyethylene (PE) which is used extensively in packaging industry owing to its low cost properties. It also finds application in production of polypropylene (PP) which finds use across various industries including automotive industry where it is used as an insulator material or coating on wires or cables that are exposed to high temperatures or corrosive environments. Ethylene also finds application in production of polyvinyl chloride (PVC) which finds use across various end-use segments including construction industry where it can be used as pipes or sheets for plumbing systems or flooring material respectively among others. Asia Pacific was the fastest growing region with a CAGR exceeding 5% during the forecast period from 2021-2030 due to rapid economic growth coupled with rising disposable incomes leading to increased consumption levels especially among emerging economies such as China & India who are major contributors towards Asia Pacific’s growth rate during this period.

Some Of The Growth Factors Of This Market:

  1. The global population is expected to grow by 2 billion people by 2050, which will increase the demand for food and energy.
  2. The world's population is aging, which will lead to an increased demand for healthcare products and services.
  3. Developing countries are experiencing rapid economic growth, which has led to a rise in the middle class and an increased demand for consumer goods such as cars and appliances.
  4. The global economy has been recovering since 2009, leading to a rise in disposable income that can be spent on consumer goods such as petrochemicals products like plastics or fertilizers.
  5. Technological advances have led to new ways of extracting oil from shale rock formations.

Industry Growth Insights published a new data on “Petrochemical Market”. The research report is titled “Petrochemical Market research by Types (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Vinyls, Styrene, Methanol), By Applications (Automotive, Textile, Construction, Industrial, Medical, Pharmaceuticals, Electronics, Consumer goods industries), By Players/Companies BASF, British Petroleum, Chevron Phillips Chemical, CNPC, SINOPEC, DuPont, ExxonMobil, INEOS, LyondellBasell, Shell Global, SABIC, Dow”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Petrochemical Market Research Report

By Type

Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Vinyls, Styrene, Methanol

By Application

Automotive, Textile, Construction, Industrial, Medical, Pharmaceuticals, Electronics, Consumer goods industries

By Companies

BASF, British Petroleum, Chevron Phillips Chemical, CNPC, SINOPEC, DuPont, ExxonMobil, INEOS, LyondellBasell, Shell Global, SABIC, Dow

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

231

Number of Tables & Figures

162

Customization Available

Yes, the report can be customized as per your need.


Global Petrochemical Industry Outlook


Global Petrochemical Market Report Segments:

The global Petrochemical market is segmented on the basis of:

Types

Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Vinyls, Styrene, Methanol

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Automotive, Textile, Construction, Industrial, Medical, Pharmaceuticals, Electronics, Consumer goods industries

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. BASF
  2. British Petroleum
  3. Chevron Phillips Chemical
  4. CNPC
  5. SINOPEC
  6. DuPont
  7. ExxonMobil
  8. INEOS
  9. LyondellBasell
  10. Shell Global
  11. SABIC
  12. Dow

Global Petrochemical Market Overview


Highlights of The Petrochemical Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Ethylene
    2. Propylene
    3. Butadiene
    4. Benzene
    5. Xylene
    6. Toluene
    7. Vinyls, Styrene
    8. Methanol
  1. By Application:

    1. Automotive
    2. Textile
    3. Construction
    4. Industrial
    5. Medical
    6. Pharmaceuticals
    7. Electronics
    8. Consumer goods industries
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Petrochemical Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Petrochemical Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Petrochemical is a term used to describe the chemicals and equipment used in the production of plastics, rubber, oil and other products.

Some of the major companies in the petrochemical market are BASF, British Petroleum, Chevron Phillips Chemical, CNPC, SINOPEC, DuPont, ExxonMobil, INEOS, LyondellBasell, Shell Global, SABIC, Dow.

The petrochemical market is expected to register a CAGR of 4.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Petrochemical Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Petrochemical Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Petrochemical Market - Supply Chain
   4.5. Global Petrochemical Market Forecast
      4.5.1. Petrochemical Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Petrochemical Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Petrochemical Market Absolute $ Opportunity

5. Global Petrochemical Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Petrochemical Market Size and Volume Forecast by Type
      5.3.1. Ethylene
      5.3.2. Propylene
      5.3.3. Butadiene
      5.3.4. Benzene
      5.3.5. Xylene
      5.3.6. Toluene
      5.3.7. Vinyls, Styrene
      5.3.8. Methanol
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Petrochemical Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Petrochemical Market Size and Volume Forecast by Application
      6.3.1. Automotive
      6.3.2. Textile
      6.3.3. Construction
      6.3.4. Industrial
      6.3.5. Medical
      6.3.6. Pharmaceuticals
      6.3.7. Electronics
      6.3.8. Consumer goods industries
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Petrochemical Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Petrochemical Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Petrochemical Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Petrochemical Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Petrochemical Demand Share Forecast, 2019-2029

9. North America Petrochemical Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Petrochemical Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Petrochemical Market Size and Volume Forecast by Application
      9.4.1. Automotive
      9.4.2. Textile
      9.4.3. Construction
      9.4.4. Industrial
      9.4.5. Medical
      9.4.6. Pharmaceuticals
      9.4.7. Electronics
      9.4.8. Consumer goods industries
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Petrochemical Market Size and Volume Forecast by Type
      9.7.1. Ethylene
      9.7.2. Propylene
      9.7.3. Butadiene
      9.7.4. Benzene
      9.7.5. Xylene
      9.7.6. Toluene
      9.7.7. Vinyls, Styrene
      9.7.8. Methanol
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Petrochemical Demand Share Forecast, 2019-2029

10. Latin America Petrochemical Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Petrochemical Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Petrochemical Market Size and Volume Forecast by Application
      10.4.1. Automotive
      10.4.2. Textile
      10.4.3. Construction
      10.4.4. Industrial
      10.4.5. Medical
      10.4.6. Pharmaceuticals
      10.4.7. Electronics
      10.4.8. Consumer goods industries
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Petrochemical Market Size and Volume Forecast by Type
      10.7.1. Ethylene
      10.7.2. Propylene
      10.7.3. Butadiene
      10.7.4. Benzene
      10.7.5. Xylene
      10.7.6. Toluene
      10.7.7. Vinyls, Styrene
      10.7.8. Methanol
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Petrochemical Demand Share Forecast, 2019-2029

11. Europe Petrochemical Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Petrochemical Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Petrochemical Market Size and Volume Forecast by Application
      11.4.1. Automotive
      11.4.2. Textile
      11.4.3. Construction
      11.4.4. Industrial
      11.4.5. Medical
      11.4.6. Pharmaceuticals
      11.4.7. Electronics
      11.4.8. Consumer goods industries
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Petrochemical Market Size and Volume Forecast by Type
      11.7.1. Ethylene
      11.7.2. Propylene
      11.7.3. Butadiene
      11.7.4. Benzene
      11.7.5. Xylene
      11.7.6. Toluene
      11.7.7. Vinyls, Styrene
      11.7.8. Methanol
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Petrochemical Demand Share, 2019-2029

12. Asia Pacific Petrochemical Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Petrochemical Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Petrochemical Market Size and Volume Forecast by Application
      12.4.1. Automotive
      12.4.2. Textile
      12.4.3. Construction
      12.4.4. Industrial
      12.4.5. Medical
      12.4.6. Pharmaceuticals
      12.4.7. Electronics
      12.4.8. Consumer goods industries
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Petrochemical Market Size and Volume Forecast by Type
      12.7.1. Ethylene
      12.7.2. Propylene
      12.7.3. Butadiene
      12.7.4. Benzene
      12.7.5. Xylene
      12.7.6. Toluene
      12.7.7. Vinyls, Styrene
      12.7.8. Methanol
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Petrochemical Demand Share, 2019-2029

13. Middle East & Africa Petrochemical Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Petrochemical Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Petrochemical Market Size and Volume Forecast by Application
      13.4.1. Automotive
      13.4.2. Textile
      13.4.3. Construction
      13.4.4. Industrial
      13.4.5. Medical
      13.4.6. Pharmaceuticals
      13.4.7. Electronics
      13.4.8. Consumer goods industries
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Petrochemical Market Size and Volume Forecast by Type
      13.7.1. Ethylene
      13.7.2. Propylene
      13.7.3. Butadiene
      13.7.4. Benzene
      13.7.5. Xylene
      13.7.6. Toluene
      13.7.7. Vinyls, Styrene
      13.7.8. Methanol
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Petrochemical Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Petrochemical Market: Market Share Analysis
   14.2. Petrochemical Distributors and Customers
   14.3. Petrochemical Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. BASF
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. British Petroleum
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Chevron Phillips Chemical
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. CNPC
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. SINOPEC
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. DuPont
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. ExxonMobil
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. INEOS
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. LyondellBasell
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Shell Global
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. SABIC
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Dow
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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