The global petrochemicals market size is projected to reach around US$ 600 Bn by 2027 and growing at a CAGR of 4.7% during the forecast period 2020 to 2027.
The petrochemicals industry is a diverse field that impacts nearly every area of life. Petrochemicals are derivatives of petroleum and gas in chemical form. These are either made of naphtha fraction in crude oil, or of paraffin steam cracking in natural gas. There are three main categories of petrochemicals — aromatics, olefins, and methanol.
The report provides analysis of global Petrochemicals market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Dynamics
The petrochemical market will expand as a result of increased demand for downstream chemicals from end-use industries. The industry is evolving with suppliers concentrating on high value goods and seeking to reduce the cost of raw materials. The main reasons for decision-making are resilience. The overallplastic waste and emissions generated by processing facilities also forced factories to take action to tackle the rising problem. Producers are attempting to attempt to produce products with an extended scope of use and reduced environmental effects. Technologies for the refining of plastic waste into crude oil are being developed in China. The promotion of these products does not only minimize emissions but also ensure that the petrochemical industry receives raw materials.
Regional Stance
North America held significant market share in 2019 and projected to govern the market amid the projected time span. The development of petrochemicals industries in North America will be driven by growing investments in the US and Canada in shale gas exploration. In 2018, the natural gas production in North America accounted for over 90 percent of the countries combined. The shale gas production gives the benefit of substitution for various petrochemicals for typical feedstocks, such as raw oil and natural gas. North America's shale gas boom has turned industry players from cost-effective manufacturers of petrochemicals and resins to the cheapest because of lower prices for raw materials. Asia-Pacific will experience a substantial CAGR amid the forecast timeframe as a result of rapid industrialization in the region. The key growth-centered countries in the global market are projected to be China and India.
Report coverage
The market research study on “Petrochemicals Market (Petrochemicals Market By Type: Propylene, Ethylene, Benzene, Methanol, Butadiene, Toluene, Xylene, Other; Petrochemicals Market By Application: Solvents, Polymers, Paints and Coatings, Surfactants, Rubber, Adhesives & Sealants, Dyes, Others; Petrochemicals Market By End User: Construction, Healthcare, Packaging, Electrical & Electronics, Automotive & Transportation) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Petrochemicals market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Petrochemicals market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Petrochemicals market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Petrochemicals market is segmented as below:
Market Segmentation
Petrochemicals Market By Type
- Propylene
- Ethylene
- Benzene
- Methanol
- Butadiene
- Toluene
- Xylene
- Others
Petrochemicals Market By Application
- Solvents
- Polymers
- Paints and Coatings
- Surfactants
- Rubber
- Adhesives and Sealants
- Dyes
- Others
Petrochemicals Market By End User
- Construction
- Healthcare
- Packaging
- Electrical & Electronics
- Automotive & Transportation
- Others
Petrochemicals Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players such Shell Chemical Company, BASF SE, Total S.A., DuPont, Sinopec Limited, ExxonMobil, Sumitomo Chemical Co. Ltd., Saudi Arabian Oil Co., Dow Inc, Others.
In order to boost their business share, petrochemical firms look at acquisition and mergers and joint partnerships with other main players. Thus businesses aim to meet the most possible consumers at reduced prices with these operating integrations.
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Petrochemicals
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Petrochemicals Market By Type
1.2.2.1. Global Petrochemicals Market Revenue and Growth Rate Comparison By Type(2016-2027)
1.2.2.2. Global Petrochemicals Market Revenue Share By Type in 2019
1.2.2.3. Propylene
1.2.2.4. Ethylene
1.2.2.5. Benzene
1.2.2.6. Methanol
1.2.2.7. Butadiene
1.2.2.8. Toluene
1.2.2.9. Xylene
1.2.2.10. Others
1.2.3. Petrochemicals Market By Application
1.2.3.1. Global Petrochemicals Market Revenue and Growth Rate Comparison By Application (2016-2027)
1.2.3.2. Global Petrochemicals Market Revenue Share By Application in 2019
1.2.3.3. Solvents
1.2.3.4. Polymers
1.2.3.5. Paints and Coatings
1.2.3.6. Surfactants
1.2.3.7. Rubber
1.2.3.8. Adhesives and Sealants
1.2.3.9. Dyes
1.2.3.10. Others
1.2.4. Petrochemicals Market By End User
1.2.4.1. Global Petrochemicals Market Revenue and Growth Rate Comparison By End User(2016-2027)
1.2.4.2. Global Petrochemicals Market Revenue Share By End User in 2019
1.2.4.3. Construction
1.2.4.4. Healthcare
1.2.4.5. Packaging
1.2.4.6. Electrical & Electronics
1.2.4.7. Automotive & Transportation
1.2.4.8. Others
1.2.5. Petrochemicals Market By Geography
1.2.5.1. Global Petrochemicals Market Revenue and Growth Rate Comparison by Geography (2016-2027)
1.2.5.2. North America Petrochemicals Market Revenue and Growth Rate(2016-2027)
1.2.5.3. Europe Petrochemicals Market Revenue and Growth Rate(2016-2027)
1.2.5.4. Asia-Pacific Petrochemicals Market Revenue and Growth Rate(2016-2027)
1.2.5.5. Latin America Petrochemicals Market Revenue and Growth Rate(2016-2027)
1.2.5.6. Middle East and Africa (MEA)Petrochemicals Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PETROCHEMICALS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Petrochemicals Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Petrochemicals Major Manufacturers in 2019
3.3. R&D Status and Manufacturing End-User of Global Petrochemicals Major Manufacturers in 2019
3.4. Raw Materials End-Users Analysis of Global Petrochemicals Major Manufacturers in 2019
CHAPTER 4. PETROCHEMICALS MARKET BY TYPE
4.1. Global Petrochemicals Revenue By Type
4.2. Propylene
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Ethylene
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.4. Benzene
4.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.5. Methanol
4.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.6. Butadiene
4.6.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.7. Toluene
4.7.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.8. Xylene
4.8.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.8.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.9. Others
4.9.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.9.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. PETROCHEMICALS MARKET BY APPLICATION
5.1. Global Petrochemicals Revenue By Application
5.2. Solvents
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Polymers
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.4. Paints and Coatings
5.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.5. Surfactants
5.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.6. Rubber
5.6.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.7. Adhesives and Sealants
5.7.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.8. Dyes
5.8.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.9. Others
5.9.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.9.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. PETROCHEMICALS MARKET BY END USER
6.1. Global Petrochemicals Revenue By End User
6.2. Construction
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. Healthcare
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.4. Packaging
6.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.5. Electrical & Electronics
6.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.6. Automotive & Transportation
6.6.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.6.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.7. Others
6.7.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.7.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 7. NORTH AMERICA PETROCHEMICALS MARKET BY COUNTRY
7.1. North America Petrochemicals Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2. North America Petrochemicals Market Revenue Share Comparison, 2016 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Petrochemicals Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
CHAPTER 8. EUROPE SMART REFRIGERATOR MARKET BY COUNTRY
8.1. Europe Petrochemicals Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. Europe Petrochemicals Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC PETROCHEMICALS MARKET BY COUNTRY
9.1. Asia-Pacific Petrochemicals Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Asia-Pacific Petrochemicals Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA PETROCHEMICALS MARKET BY COUNTRY
10.1. Latin America Petrochemicals Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Latin America Petrochemicals Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA PETROCHEMICALS MARKET BY COUNTRY
11.1. Middle East & Africa Petrochemicals Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Middle East & Africa Petrochemicals Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By End User, 2016 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Shell Chemical Company
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. BASF SE
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Total S.A.
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. DuPont
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Sinopec Limited
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. ExxonMobil
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Sumitomo Chemical Co. Ltd.
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Saudi Arabian Oil Co.
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Dow Inc
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
