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Global Petrochemical Market (By Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)

Publisher Koncept Analytics
Published Jun 03, 2024
Length 77 Pages
SKU # KOAN18842095

Description

Global Petrochemical Market (By Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)


The global petrochemical market is forecasted to reach US$983.63 billion in 2028, experiencing growth at a CAGR of 6.20% during the period spanning from 2024 to 2028. Growth in the global petrochemical market was supported by factors such as rising population, growing demand for plastics, accelerating production of natural gas, abundant raw material availability in the Middle East and increasing demand from packaging industry. However, the market growth is expected to be restrained by rising crude oil prices, rising environmental concerns.

The global petrochemical market by type can be segmented as follows: polypropylene, benzene, toluene and polyethylene. Polyethylene is widely used in consumer goods industry ranging from fashion apparel to sports goods to toys, due to its ability to handle physical stress. The global polyethylene market by type can be segmented as follows: Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE) and High-Density Polyethylene (HDPE). In 2023, the dominant share of the market was being held by LLDPE, followed by LDPE and HDPE.

The global petrochemical market by region can be segmented as follows: Asia Pacific, North America, Europe, Latin America and Middle East & Africa. The largest share of the market was being held by Asia Pacific, followed by North America, and Europe. Factors such as increasing demand from end use industries, economic development and capacity additions helped in boosting market growth.

The COVID-19 pandemic affected the global petrochemical market negatively. Travel restrictions, dwindling prices of oil & gas, production cuts, and growing requirement for chemicals and refined products hindered the growth of the market for petrochemicals.

Scope of the report:
  • The report provides a comprehensive analysis of the global petrochemicals market with potential impact of COVID-19.
  • The major regional markets (Asia Pacific, North America, Europe, Latin America and Middle East & Africa) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The company profiles of leading players (Exxon Mobil Corporation, Chevron Corporation, BASF SE, China National Petroleum Corporation, DOW Chemical Company and LyondellBasell Industries N.V. ) are also presented in detail.
Key Target Audience:
  • Petrochemical Vendors
  • Chemical/Polymer Industry
  • End User Industries
  • Investment Banks
  • Government Bodies & Regulating Authorities

Table of Contents

77 Pages
1. Market Overview
1.1 Petrochemical
1.1.1 Petrochemical- Introduction
Table 1: Applications of Petrochemicals
1.2 Groups of Petrochemicals
Table 2: Groups of Petrochemicals
1.3 Primary Petrochemicals
1.3.1 Olefin Derivatives
1.3.2 Aromatic derivatives
1.3.2 Methanol
1.4 Intermediates and derivatives
1.5 Petrochemical Production Process
Table 3: Petrochemical Production Process
2. Impact of COVID- 19
2.1 Impact of COVID-19 on Global Petrochemicals Market
2.2 Change in Demand from Key End-use Sectors
Table 4: Global Share Of Demand (%) From Key End-use Sectors (2019 & 2020)
2.3 Plunging Crude Oil Prices
Table 5: Spot Crude Oil Price: West Texas Intermediate (WTI) (Jan 2020-Dec 2020)
2.4 Feedstock Supply and Product Demand Imbalances
2.5 Post-COVID Scenario
3. Market Analysis
3.1 Global Petrochemical Market Forecast by Value
Table 6: Global Petrochemical Market Forecast by Value (2022-2028)
3.2 Global Petrochemical Market by Region
Table 7: Global Petrochemical Market by Region (2023)
3.3 Global Petrochemical Market by Type
3.3.1 Global Polypropylene Market Forecast by Value
Table 8: Global Polypropylene Market Forecast by Value (2022-2028)
3.3.2 Global Benzene Market Forecast by Value
Table 9: Global Benzene Market Forecast by Value (2022-2028)
3.3.3 Global Toluene Market Forecast by Value
Table 10: Global Toluene Market Forecast by Value (2022-2028)
3.3.4 Global Polyethylene Market Forecast by Value
Table 11: Global Polyethylene Market Forecast by Value (2022-2028)
3.4 Global Polyethylene Market Demand by End Use
Table 12: Global Polyethylene Market Demand by End Use (2023)
3.5 Global Polyethylene Market by Type
Table 13: Global Polyethylene Market by Type (2023)
3.5.1 Global Linear Low-Density Polyethylene (LLDPE) Market Forecast by Value
Table 14: Global Linear Low-Density Polyethylene (LLDPE) Market Forecast by Value (2022-2028)
3.5.2 Global Low-Density Polyethylene (LDPE) Market Forecast by Value
Table 15: Global Low-Density Polyethylene (LDPE) Market Forecast by Value (2022-2028)
3.5.3 Global High-Density Polyethylene (HDPE) Market Forecast by Value
Table 16: Global High-Density Polyethylene (HDPE) Market Forecast by Value (2022-2028)
3.6 Global Polyethylene Production by Geography
3.6.1 Global Low-Density Polyethylene (LDPE) Production by Geography
Table 17: Global Low-Density Polyethylene (LDPE) Production by Geography (2023)
3.6.2 Global Linear Low-Density Polyethylene (LLDPE) Production by Geography
Table 18: Global Linear Low-Density Polyethylene (LLDPE) Production by Geography (2023)
3.7 Global Petrochemical Forecast by Production Capacity
Table 19: Global Petrochemical Forecast by Production Capacity (2022-2028)
3.8 Global Petrochemical Production Capacity Forecast by Type
3.8.1 Global Ethylene Forecast by Production Capacity
Table 20: Global Ethylene Forecast by Production Capacity (2022-2028)
3.8.2 Global Methanol Forecast by Production Capacity
Table 21: Global Methanol Forecast by Production Capacity (2022-2028)
3.8.3 Global Propylene Forecast by Production Capacity
Table 22: Global Propylene Forecast by Production Capacity (2022-2028)
3.8.4 Global Benzene Forecast by Production Capacity
Table 23: Global Benzene Forecast by Production Capacity (2022-2028)
3.8.5 Global Toluene Forecast by Production Capacity
Table 24: Global Toluene Forecast by Production Capacity (2022-2028)
3.9 Global Petrochemical Production Capacity by Region
Table 25: Global Petrochemical Production Capacity by Region (2023)
4. Regional Market Analysis
4.1 Asia Pacific
Table 26: Asia Pacific Petrochemical Market Forecast by Value (2022-2028)
4.2 North America
Table 27: North America Petrochemical Market Forecast by Value (2022-2028)
4.2.1 The US Ethylene Market Forecast by Value
Table 28: The US Ethylene Market Forecast by Value (2022-2028)
4.2.2 The US Propylene Market Forecast by Value
Table 29: The US Propylene Market Forecast by Value (2022-2028)
4.2.3 The US Benzene Market Forecast by Value
Table 30: The US Benzene Market Forecast by Value (2022-2028)
4.2.4 The US Toluene Market Forecast by Value
Table 31: The US Toluene Market Forecast by Value (2022-2028)
4.3 Europe
Table 32: Europe Petrochemical Market Forecast by Value (2022-2028)
4.4 Latin America
Table 33: Latin America Petrochemical Market Forecast by Value (2022-2028)
4.5 Middle East & Africa
Table 34: Middle East & Africa Petrochemical Market Forecast by Value (2022-2028)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Population
Table 35: Global Population (2017-2023)
5.1.2 Growing Demand For Plastics
Table 36: Global Production of Key Thermoplastics (2020 & 2025)
5.1.3 Accelerating Production of Natural Gas
Table 37: Global Natural Gas Production (2017-2023)
5.1.4 Abundant Raw Material Availability in the Middle East
Table 38: Middle East Oil Reserves by Country (2023)
5.1.5 Increasing Demand from End Use Industries
5.2 Key Trends & Developments
5.2.1 Economic Development
Table 39: Global Real GDP Forecast (2022- Q1- 2023- Q4)
5.2.2 Capacity Additions
Table 40: Global Planned And Announced Petrochemical Capacity Additions By Country (2019-2030)
5.2.3 Digitalization
5.3 Challenges
5.3.1 Rising Crude Oil Prices
Table 41: OPEC Basket Price (Jan 2017-Jan 2023)
5.3.2 Environmental Concerns
Table 42: Global Energy-related CO2 Emissions (2017-2023)
6. Company Profiles
6.1 BASF SE
6.1.1 Business Overview
Table 43: Segments
6.2 Chevron Corporation
6.2.1 Business Overview
Table 44: Segments
6.3 Exxon Mobil Corporation
6.3.1 Business Overview
Table 45: Segments
6.4 DOW Chemical Company
6.4.1 Business Overview
Table 46: Segments
6.5 China National Petroleum Corporation
6.5.1 Business Overview
Table 47: Segments
6.6 LyondellBasell Industries N.V.
6.6.1 Business Overview
Table 48: Segments

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