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Petrochemicals Market Size, Share, Industry Analysis Report, 2030

Growing demand for petrochemical products used in plastic packaging for food and other commercial products such as Polyethylene (C2 stream) and Polystyrene (aromatics) due to their inexpensive, lightweight and high-performance characteristics is expected to propel the market growth in the coming years.

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Petrochemicals Market Size, Share, Industry Analysis Report, 2030

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  1. Petrochemicals Market Analysis: Plant Capacity, Production, , Operating Efficiency, Demand & Supply, By Type (C1 Derivatives, C2 Derivatives, C3 Derivatives, C4 Derivatives, Aromatics, Others), By End Use (Packaging and Construction, Fuel and Fuel Additives, Automotive and Consumer Durables, Pharmaceutical and Agrochemicals and Others), Distribution Channel, By Regional Demand, 2015-2030

  2. Petrochemicals demand stood at 322.45 Million Tonnes in 2020 and is forecast to reach 527.56 Million Tonnes by 2030, growing at a healthy CAGR of 4.95% until 2030. Growing penetration of petrochemical products across a plethora of end-use industries such as packaging, automotive, consumer durables, textile, and construction sectors is expected to drive the Petrochemicals market growth until 2030. Petrochemicals are omnipresent, with their usage increasing across our countless daily life applications. Increasing demand for Methanol (obtained from C1 stream) for industrial applications like manufacturing formaldehyde, API formulations, dyes & intermediates, agrochemicals, etc. and its growing adoption as a clean-burning fuel in transports is likely to spur the global Petrochemicals demand in the forecast period. Growing demand for petrochemical products used in plastic packaging for food and other commercial products such as Polyethylene (C2 stream) and Polystyrene (aromatics) due to their inexpensive, lightweight and high-performance characteristics is expected to propel the market growth in the coming years. Excellent barrier properties which allow food to remain fresh for longer durations are expanding the scope of polyethylene plastics over other packaging materials, thereby increasing Petrochemicals consumption across the globe. Moreover, with major economies across the globe making hefty investments to support their passenger and commercial automotive manufacturing, the global demand for rubber tyres, mainly derived from the petrochemical Butadiene (an output from C4 stream) is anticipated to improve in the forecast period. An additional market driver is the growing consumption of Petrochemicals -based laundry detergents and textile fibers with changing consumer preferences. Supported with growing manufacturing of Benzene-based derivatives, the demand outlook of the industry is likely to turn bullish in the upcoming years. On the basis of type, C2 & C3 derivatives cumulatively held more than 48% of the global Petrochemicals demand share in 2019. The sectoral demand is likely to trigger tremendous growth in the global Petrochemicals industry due to their growing consumption across engineered plastics, medical plastics, packaging films and many other end-use industries, backed by intensive research & development initiatives by leading manufacturers across the globe. The outbreak of the COVID-19 dented the global Petrochemicals industry, rendering the global industrial production to remain at standstill in the first half of 2020. The biggest impact was on demand for downstream derivatives such as clothing and automotive which crashed to historic lows in short term. Unprecedented crash in upstream crude oil as an outcome of the historic oil-price war further hurt the overall refinery run rates. However, soaring demand for personal hygiene products which increased consumer focus over C3 derivative polymers for manufacturing masks, PPE kits, and disposable items, kept the sentiments uplifted. In longer terms, it is anticipated that spurt in the global Petrochemicals demand as several economies ramp up their refining capacities and invest on latest manufacturing technologies would further accelerate the market growth in the forecast period.

  3. Regional Outlook: Geographically, Asia Pacific dominates the global petrochemical market, followed by North America and Western Europe. Massive capacity addition plans in the coming years and increasing mergers and acquisitions to support the skyrocketing regional demand are the factors propelling the Asian Petrochemicals demand. Moreover, several FDI flows from outside Asia looking at the favourable government policies and demographic trends, would further drive the Asian market growth in the forecast period. Major Players: LyondellBasell Industries N.V. Sinopec SABIC The Dow Chemical Co. Ineos Group BASF S.E and others. • • • • • • LyondellBasell Industries N.V. held the largest market share of around 4% as of 2019. Continued exploration for oil and gas reserves with numerous players carving out their subsidiaries to capitalize on the market opportunities emanating across the globe would further act as a driving force. Some of the major projects scheduled for 2021 are-a Shell Chemical’s upcoming chemicals project in Pennsylvania, a joint venture of ExxonMobil and SABIC in Texas which is already under construction. Moreover, merger of Chevron Phillips and Qatar Petroleum on the Gulf Coast, and a huge Formosa Petrochemical project in Louisiana are awaiting final investment decisions. The pricing of Petrochemicals is largely dependent on fluctuations in crude oil, Natural Gas and other upstream sources.

  4. Years Considered for this Report: Historical Years: 2015 – 2019 Base Year: 2020 Estimated Year: 2021 Forecast Period: 2022 – 2030 Objective of the Study: • The primary objective of the study was to evaluate and forecast Petrochemicals capacity, production, demand, inventory, and demand– supply gap globally. To categorize Petrochemicals demand based on type, end use, region and company share. To evaluate and forecast Petrochemicals pricing globally. To identify and profile major companies operating globally Petrochemicals market. To identify dominant region or segment in the global Petrochemicals market. To identify drivers and challenges for global Petrochemicals market. • • • • •

  5. Attribute Details Market size volume in 2020 Market size volume in 2030 Growth Rate Base year for estimation Historic Data Forecast period Quantitative units Report coverage 322.45 million Tonnes 527.56 million Tonnes CAGR of 4.95% from 2021 to 2030 2020 2015 – 2019 2022 – 2030 Demand in tons and CAGR from 2021 to 2030 Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends 1.Type: (C1 Derivatives, C2 Derivatives, C3 Derivatives, C4 Derivatives, Aromatics, Others) 2.End-Use: (Packaging and Construction, Fuel and Fuel Additives, Automotive and Consumer Durables, Pharmaceutical and Agrochemicals and Others) North America; Europe; Asia Pacific; South America; Middle East & Africa United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina LyondellBasell Industries N.V., Sinopec, SABIC, The Dow Chemical Co., Ineos Group, BASF S.E and others. Free report customization with purchase. Addition or alteration to country, regional & segment scope. Avail customized purchase options to meet your exact research needs. Explore purchase options Segments covered Regional scope Country scope Key companies profiled Customization scope Pricing and purchase options

  6. Report Scope: In this report, the Global Petrochemicals market has been segmented into following categories, in addition to the industry trends which have also been detailed below: Attribute Market size volume in 2020 322.45 million Tonnes Details Market size volume in 2030 527.56 million Tonnes Growth Rate Base year for estimation CAGR of 4.95% from 2021 to 2030 2020 Historic Data Forecast period Quantitative units Report coverage 2015 – 2019 2022 – 2030 Demand in tons and CAGR from 2021 to 2030 Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends Segments covered 1.Type: (C1 Derivatives, C2 Derivatives, C3 Derivatives, C4 Derivatives, Aromatics, Others) 2.End-Use: (Packaging and Construction, Fuel and Fuel Additives, Automotive and Consumer Durables, Pharmaceutical and Agrochemicals and Others) North America; Europe; Asia Pacific; South America; Middle East & Africa United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina Regional scope Country scope LyondellBasell Industries N.V., Sinopec, SABIC, The Dow Chemical Co., Ineos Group, BASF S.E and others. Key companies profiled Customization scope Free report customization with purchase. Addition or alteration to country, regional & segment scope. Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options

  7. METHODOLOGY METHODOLOGY

  8. ChemAnalyst identify firm planned capacities, planned expansions and closures in identified geographies and also provide list of idling capacities wherever wise product demand profile based on past user industry data, capacity utilization & year-wise growth rates for last 10 years including current year. applicable. ChemAnalyst derive segment- Finally, ChemAnalyst project future growth considering potential new applications up to next 15 years, along with detailed basis / assumption for arriving at the projected growth rates. Current sources of products’ import along with logistics details of shipping aspect, inland transportation and cost details has been taken through primary research. Export destinations to be targeted based on market study have been listed. Details of shipping aspect, inland transportation and cost details etc. will be based on primary research. Demand= Production + Import – Export – Inventory Demand Supply Gap = Production - Demand ChemAnalyst Research perform periodical checks on data being collected through surveys with logic checks and analyze survey results and data generated through its proprietary database. ChemAnalyst will also use data triangulation technique to fill the gaps and to present the more meaning picture of the market. ChemAnalyst will deliver the final comprehensive project report in online digital format.

  9. Our Prestigious Clients Who Bought Reports in Chemical Industry

  10. About Us & Disclaimer ChemAnalyst Research is a global market research and consulting company with offices in the US, Indonesia and Indonesia. ChemAnalyst Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by- state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Asia-Pacific Europe North America B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@chemanalyst.com www.chemana;yst.com 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@chemanalyst.com www.chemana;yst.com 420 Lexington Avenue, Suite 300, New York, NY, United States, 10170 Email: sales@chemanalyst.com www.chemana;yst.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. Techsci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, Techsci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of Techsci Research

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