According to Stratistics MRC, the Global Petrochemicals Market is accounted for $469.73 billion in 2021 and is expected to reach $815.52 billion by 2028 growing at a CAGR of 8.2% during the forecast period.
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Petrochemicals are chemical substances made mainly from natural gas, coal, and oil. Petrochemical is a vital component for many industrial processes, and hence forms the backbone of an industrial economy. Products such as propylene, ethylene, benzene, and xylene are used in packaging, plastics, rubber, and electronics.
Some of the key players profiled in the Petrochemicals Market include Mitsubishi Chemical Corporation, Total SA, China National Petroleum Corporation (CNPC), SABIC, Royal Dutch Shell PLC, Maruzen Petrochemical Co., Ltd, LyondellBasell Industries Holdings B.V., INEOS Group Ltd, Formosa Plastics, ExxonMobil Corporation, Dow Chemical Company, Reliance Industries Limited, Chevron Corporation, BASF SE, Sinopec Ltd and LG Chem.
Sources Covered:
• Fossil Fuels
• Renewable Sources
• Crude Petroleum
Type of Polymers Covered:
• Polyvinyl Chloride (PVC)
• Polystyrene (PS)
• Polypropylene (PP)
• Polyethylene (PE)
• Polyester (PET)
• Acrylonitrile Butadiene Styrene (ABS)
Manufacturing Processes Covered:
• Catalytic Reforming
• Fluid Catalytic Cracking (FCC)
• Steam Cracking
Products Covered:
• Benzene
• Butylene
• Propylene
• Ethylene
• Xylene
• Toluene
• Styrene
• Methanol
Applications Covered:
• Paints and Coatings
• Surfactants
• Rubber
• Pigments and Dyes
• Fibers and Fabrics
• Adhesives and Sealants
• Solvents
• Polymers
End Users Covered:
• Transportation
• Building & Construction
• Textiles & Leather
• Pulp & Paper
• Energy & Power
• Packaging
• Medical & Healthcare
• Food & Beverages
• Electrical & Electronics
• Consumer & Industrial Goods
• Agriculture
• Power & Utilities
• Marine
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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