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Petrochemicals Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 243 Pages
SKU # FOB19224286

Description

Petrochemicals Market



Growth Factors of Petrochemicals Market

The Petrochemicals Market size was valued at USD 623.83 billion in 2023 and is expected to grow from USD 649.16 billion in 2024 to USD 900.91 billion by 2032 at a CAGR of 4.2% during the forecast period of 2024-2032.

The COVID-19 pandemic notably disrupted the global petrochemicals market. Automotive, introduction, and production sectors, key clients of petrochemicals, faced delays and downturns. Additionally, the oil fee crumble at a few degree within the pandemic in addition strained the agency’s profitability. However, as economies get better and business sports sports resume, the marketplace is slowly bouncing decrease all over again, with call for developing in numerous sectors. The pandemic underscored the need for additonal resilient supply chains and virtual modifications inside the petrochemical industry.

Sustainability and inexperienced responsibilities are currently shaping the petrochemicals market. Companies are specializing in growing bio-primarily based actually options to standard petrochemicals to reduce environmental influences. The developing call for for biodegradable plastics and sustainable materials is using research and development efforts. Additionally, improvements in chemical recycling technology are developing as a way to cope with plastic waste. This style aligns with international efforts to lessen carbon emissions and plastic pollutants, pushing the petrochemical organization within the course of a more sustainable destiny.

The speedy increase of the car and advent industries remains a incredible using element for the petrochemical market. Petrochemical merchandise like plastics, resins, and artificial rubbers are vital components in vehicle production and manufacturing materials. With urbanization and industrialization at the rise, especially in growing economies, the call for for the ones products is developing.

Comprehensive Analysis of Petrochemicals Market

The Petrochemicals Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by type, by end user industry. By Type include Ethylene, Propylene, Methanol, Xylene, Others .By End-Use Industry include Packaging, Electronics, Construction, Automotive, Others.

The Asia Pacific region lead the Petrochemicals Market share by benefitting a market size of USD 325.44 billion driven by increasing industrialization, urbanization, and demand for consumer goods in the region.

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.

January 2024 – LyondellBasell delivered a deal to build up a 35% stake in Saudi Arabia’s National Petrochemical Industrial Company (NATPET) for over USD 500 million. The joint venture, facilitated by its spheripol polypropylene (PP) era, positions LYB to develop and decorate its middle PP organisation by means of manner of offering get admission to to super feedstocks and developing product advertising and advertising and advertising and marketing functionality in a vital location.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion) and Volume (Million Ton)

Growth Rate CAGR of 4.2% during 2024-2032

Segmentation By Type
  • Ethylene
  • Propylene
  • Methanol
  • Xylene
  • Others
By End-Use Industry
  • Packaging
  • Electronics
  • Construction
  • Automotive
  • Others
By Region
  • North America (By Type, End-Use Industry, and Country)
  • U.S. (By End-Use Industry)
  • Canada (By End-Use Industry)
  • Mexico (By End-Use Industry)
Europe (By Type, End-Use Industry, and Country)
  • Germany (By End-Use Industry)
  • U.K. (By End-Use Industry)
  • France (By End-Use Industry)
  • Italy (By End-Use Industry)
  • Spain (By End-Use Industry)
  • Rest of Europe (By End-Use Industry)
Asia Pacific (By Type, End-Use Industry, and Country)
  • China (By End-Use Industry)
  • India (By End-Use Industry)
  • Japan (By End-Use Industry)
  • South Korea (By End-Use Industry)
  • Rest of the Asia Pacific (By End-Use Industry)
South America (By Type, End-Use Industry, and Country)
  • Brazil (By End-Use Industry)
  • Rest of South America (By End-Use Industry)
Middle East & Africa (By Type, End-Use Industry, and Country)
  • South Africa (By End-Use Industry)
  • Saudi Arabia (By End-Use Industry)
  • Rest of the Middle East & Africa (By End-Use Industry)

Table of Contents

243 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends
4.2. Key Developments – Mergers, Acquisition, New Product Launches, Collaboration, Partnership, and Joint Venture
4.3. Latest Technological Advancements
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
4.6. Qualitative Insight on COVID-19 Impact
5. Global Petrochemicals Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. By Type (Volume/Value)
5.2.1. Ethylene
5.2.2. Propylene
5.2.3. Methanol
5.2.4. Xylene
5.2.5. Others
5.3. By End-Use Industry (Volume/Value)
5.3.1. Packaging
5.3.2. Electronics
5.3.3. Construction
5.3.4. Automotive
5.3.5. Others
5.4. By Region (Volume/Value)
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. South America
5.4.5. Middle East & Africa
6. North America Petrochemicals Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Type (Volume/Value)
6.2.1. Ethylene
6.2.2. Propylene
6.2.3. Methanol
6.2.4. Xylene
6.2.5. Others
6.3. By End-Use Industry (Volume/Value)
6.3.1. Packaging
6.3.2. Electronics
6.3.3. Construction
6.3.4. Automotive
6.3.5. Others
6.4. By Country (Volume/Value)
6.4.1. U.S.
6.4.1.1. By End-Use Industry (Volume/Value)
6.4.1.1.1. Packaging
6.4.1.1.2. Electronics
6.4.1.1.3. Construction
6.4.1.1.4. Automotive
6.4.1.1.5. Others
6.4.2. Canada
6.4.2.1. By End-Use Industry (Volume/Value)
6.4.2.1.1. Packaging
6.4.2.1.2. Electronics
6.4.2.1.3. Construction
6.4.2.1.4. Automotive
6.4.2.1.5. Others
6.4.3. Mexico
6.4.3.1. By End-Use Industry (Volume/Value)
6.4.3.1.1. Packaging
6.4.3.1.2. Electronics
6.4.3.1.3. Construction
6.4.3.1.4. Automotive
6.4.3.1.5. Others
7. Europe Petrochemicals Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Type (Volume/Value)
7.2.1. Ethylene
7.2.2. Propylene
7.2.3. Methanol
7.2.4. Xylene
7.2.5. Others
7.3. By End-Use Industry (Volume/Value)
7.3.1. Packaging
7.3.2. Electronics
7.3.3. Construction
7.3.4. Automotive
7.3.5. Others
7.4. By Country (Volume/Value)
7.4.1. Germany
7.4.1.1. By End-Use Industry (Volume/Value)
7.4.1.1.1. Packaging
7.4.1.1.2. Electronics
7.4.1.1.3. Construction
7.4.1.1.4. Automotive
7.4.1.1.5. Others
7.4.2. U.K.
7.4.2.1. By End-Use Industry (Volume/Value)
7.4.2.1.1. Packaging
7.4.2.1.2. Electronics
7.4.2.1.3. Construction
7.4.2.1.4. Automotive
7.4.2.1.5. Others
7.4.3. France
7.4.3.1. By End-Use Industry (Volume/Value)
7.4.3.1.1. Packaging
7.4.3.1.2. Electronics
7.4.3.1.3. Construction
7.4.3.1.4. Automotive
7.4.3.1.5. Others
7.4.4. Italy
7.4.4.1. By End-Use Industry (Volume/Value)
7.4.4.1.1. Packaging
7.4.4.1.2. Electronics
7.4.4.1.3. Construction
7.4.4.1.4. Automotive
7.4.4.1.5. Others
7.4.5. Spain
7.4.5.1. By End-Use Industry (Volume/Value)
7.4.5.1.1. Packaging
7.4.5.1.2. Electronics
7.4.5.1.3. Construction
7.4.5.1.4. Automotive
7.4.5.1.5. Others
7.4.6. Rest of Europe
7.4.6.1. By End-Use Industry (Volume/Value)
7.4.6.1.1. Packaging
7.4.6.1.2. Electronics
7.4.6.1.3. Construction
7.4.6.1.4. Automotive
7.4.6.1.5. Others
8. Asia-Pacific Petrochemicals Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Type (Volume/Value)
8.2.1. Ethylene
8.2.2. Propylene
8.2.3. Methanol
8.2.4. Xylene
8.2.5. Others
8.3. By End-Use Industry (Volume/Value)
8.3.1. Packaging
8.3.2. Electronics
8.3.3. Construction
8.3.4. Automotive
8.3.5. Others
8.4. By Country (Volume/Value)
8.4.1. China
8.4.1.1. By End-Use Industry (Volume/Value)
8.4.1.1.1. Packaging
8.4.1.1.2. Electronics
8.4.1.1.3. Construction
8.4.1.1.4. Automotive
8.4.1.1.5. Others
8.4.2. India
8.4.2.1. By End-Use Industry (Volume/Value)
8.4.2.1.1. Packaging
8.4.2.1.2. Electronics
8.4.2.1.3. Construction
8.4.2.1.4. Automotive
8.4.2.1.5. Others
8.4.3. Japan
8.4.3.1. By End-Use Industry (Volume/Value)
8.4.3.1.1. Packaging
8.4.3.1.2. Electronics
8.4.3.1.3. Construction
8.4.3.1.4. Automotive
8.4.3.1.5. Others
8.4.4. South Korea
8.4.4.1. By End-Use Industry (Volume/Value)
8.4.4.1.1. Packaging
8.4.4.1.2. Electronics
8.4.4.1.3. Construction
8.4.4.1.4. Automotive
8.4.4.1.5. Others
8.4.5. Rest of Asia Pacific
8.4.5.1. By End-Use Industry (Volume/Value)
8.4.5.1.1. Packaging
8.4.5.1.2. Electronics
8.4.5.1.3. Construction
8.4.5.1.4. Automotive
8.4.5.1.5. Others
9. South America Petrochemicals Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Type (Volume/Value)
9.2.1. Ethylene
9.2.2. Propylene
9.2.3. Methanol
9.2.4. Xylene
9.2.5. Others
9.3. By End-Use Industry (Volume/Value)
9.3.1. Packaging
9.3.2. Electronics
9.3.3. Construction
9.3.4. Automotive
9.3.5. Others
9.4. By Country (Volume/Value)
9.4.1. Brazil
9.4.1.1. By End-Use Industry (Volume/Value)
9.4.1.1.1. Packaging
9.4.1.1.2. Electronics
9.4.1.1.3. Construction
9.4.1.1.4. Automotive
9.4.1.1.5. Others
9.4.2. Rest of South America
9.4.2.1. By End-Use Industry (Volume/Value)
9.4.2.1.1. Packaging
9.4.2.1.2. Electronics
9.4.2.1.3. Construction
9.4.2.1.4. Automotive
9.4.2.1.5. Others
10. Middle East & Africa Petrochemicals Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. By Type (Volume/Value)
10.2.1. Ethylene
10.2.2. Propylene
10.2.3. Methanol
10.2.4. Xylene
10.2.5. Others
10.3. By End-Use Industry (Volume/Value)
10.3.1. Packaging
10.3.2. Electronics
10.3.3. Construction
10.3.4. Automotive
10.3.5. Others
10.4. By Country (Volume/Value)
10.4.1. Saudi Africa
10.4.1.1. By End-Use Industry (Volume/Value)
10.4.1.1.1. Packaging
10.4.1.1.2. Electronics
10.4.1.1.3. Construction
10.4.1.1.4. Automotive
10.4.1.1.5. Others
10.4.2. South Arabia
10.4.2.1. By End-Use Industry (Volume/Value)
10.4.2.1.1. Packaging
10.4.2.1.2. Electronics
10.4.2.1.3. Construction
10.4.2.1.4. Automotive
10.4.2.1.5. Others
10.4.3. Rest of Middle East & Africa
10.4.3.1. By End-Use Industry (Volume/Value)
10.4.3.1.1. Packaging
10.4.3.1.2. Electronics
10.4.3.1.3. Construction
10.4.3.1.4. Automotive
10.4.3.1.5. Others
11. Company Profiles
11.1. BASF SE
11.1.1. Overview
11.1.2. Description
11.1.3. Product Portfolio
11.1.4. Financials (As per Availaibity)
11.1.5. Recent Developments
11.2. LyondellBasell Industries Holdings B.V.
11.2.1. Overview
11.2.2. Description
11.2.3. Product Portfolio
11.2.4. Financials (As per Availaibity)
11.2.5. Recent Developments
11.3. INEOS
11.3.1. Overview
11.3.2. Description
11.3.3. Product Portfolio
11.3.4. Financials (As per Availaibity)
11.3.5. Recent Developments
11.4. Shell Plc.
11.4.1. Overview
11.4.2. Description
11.4.3. Product Portfolio
11.4.4. Financials (As per Availaibity)
11.4.5. Recent Developments
11.5. SABIC
11.5.1. Overview
11.5.2. Description
11.5.3. Product Portfolio
11.5.4. Financials (As per Availaibity)
11.5.5. Recent Developments
11.6. Reliance Industries Limited
11.6.1. Overview
11.6.2. Description
11.6.3. Product Portfolio
11.6.4. Financials (As per Availaibity)
11.6.5. Recent Developments
11.7. Mitsubishi Chemical Corporation
11.7.1. Overview
11.7.2. Description
11.7.3. Product Portfolio
11.7.4. Financials (As per Availaibity)
11.7.5. Recent Developments
11.8. Dow Chemical Company
11.8.1. Overview
11.8.2. Description
11.8.3. Product Portfolio
11.8.4. Financials (As per Availaibity)
11.8.5. Recent Developments
11.9. LG Chem
11.9.1. Overview
11.9.2. Description
11.9.3. Product Portfolio
11.9.4. Financials (As per Availaibity)
11.9.5. Recent Developments
11.10. Chevron Phillips Chemical Company LLC.
11.10.1. Overview
11.10.2. Description
11.10.3. Product Portfolio
11.10.4. Financials (As per Availaibity)
11.10.5. Recent Developments
11.11. China National Petroleum Corporation
11.11.1. Overview
11.11.2. Description
11.11.3. Product Portfolio
11.11.4. Financials (As per Availaibity)
11.11.5. Recent Developments
11.12. Maruzen Petrochemical Co., Ltd.
11.12.1. Overview
11.12.2. Description
11.12.3. Product Portfolio
11.12.4. Financials (As per Availaibity)
11.12.5. Recent Developments
12. Strategic Recommendations

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