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Petrochemical Market Size, Growth, Demands Outlook and Forecasts to 2030

Precedence Research - December 29, 2022

According to the research report, the global petrochemical market size is expected to touch USD 798.8 Billion by 2030, from USD 523.56 Billion in 2022, growing with a significant CAGR of 5.4% from 2022 to 2032. 

Petrochemical Market Size 2020 to 2030

The petrochemical market report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global petrochemical market in conjunction with the geographical landscape of this vertical have also been included in this report.

The report offers intricate dynamics about different aspects of the global petrochemical market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global petrochemical market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

Sample Link @ https://www.precedenceresearch.com/sample/1193

 Scope of the Petrochemical Market

Report HighlightsDetails
Market SizeUS$ 798.8 Billion by 2030
Growth RateCAGR of 5.4% From 2021 to 2030
Base Year2021
Historic Data2017 to 2020
Forecast Period2021 to 2030
Segments CoveredProduct, Application, Manufacturing Processes
Regional ScopeNorth America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

This study covers a detailed segmentation of the global petrochemical market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global petrochemical market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Players

  • BP Plc
  • Total S.A.
  • Exxon Mobil Corp.
  • BASF SE
  • Sumitomo Chemical Co., Ltd.
  • Dow
  • Chevron Phillips Chemical Company
  • Saudi Arabian Oil Co.
  • DuPont de Nemours, Inc.
  • China Petroleum & Chemical Corporation

Market Segmentation

 By Product Type

  • Ethylene
    • Polyethylene
    • Ethylene oxide
    • EDC
    • Ethyl benzene
    • Other (including alpha olefins, vinyl acetate, etc.)
  • Propylene
    • Polypropylene
    • Propylene oxide
    • Acrylonitrile
    • Cumene
    • Acrylic acid
    • Isopropanol
    • Other
  • Butadiene
    • SB Rubber
    • Butadiene rubber
    • ABS
    • SB latex
    • Other (nitrile rubber, mechanical belts, etc.)
  • Benzene
    • Ethyl benzene
    • Phenol/cumene
    • Cyclohexane
    • Nitrobenzene
    • Alkyl benzene
    • Other (including alkyl benzene, maleic anhydride)
  • Xylene
  • Toluene
    • Benzene
    • Xylenes
    • Solvents
    • TDI
    • Others (including pesticides, drugs, nitro toluene, etc.)
  • Methanol
    • Formaldehyde
    • Gasoline
    • Acetic acid
    • MTBE
    • Dimethyl ether
    • MTO/MTP
    • Other

By Manufacturing Processes

  • Fluid Catalytic Cracking (FCC)
  • Steam cracking
  • Catalytic reforming

By Application

  • Aerospace
  • Agriculture
  • Automotive
  • Building & Construction
  • Consumer & Industrial Goods
  • Others

By Geography

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Latin America
    • Middle East & Africa (MEA)
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa

Research Methodology

The research methodology adopted by analysts for compiling the global petrochemical market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global petrochemical market.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Product Types
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Petrochemicals Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Petrochemicals Market

5.1. Covid-19: Petrochemicals Industry Impact
5.2. Petrochemicals Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Petrochemicals Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Petrochemicals Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Petrochemicals Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Rising demand for downstream products from end-use industries
6.1.1.2. Increasing capacity additions in the base chemical industry
6.1.2. Market Restraints
6.1.2.1. Fluctuating raw material prices
6.1.3. Market Opportunities
6.1.3.1. Emerging applications and markets

Chapter 7. Global Petrochemicals Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Petrochemicals Market Revenue by Market Players (2019 - 2020)
7.1.1.2. Petrochemicals Market Revenue Market Share by Market Players (2019 - 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio, Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End user

Chapter 8. Global Petrochemicals Market, By Product Type

8.1. Petrochemicals Market, by Product Type, 2019-2030
8.1.1. Ethylene
8.1.2. Market Revenue and Forecast (2019-2030)
8.1.2.1. Polyethylene
8.1.2.2. Market Revenue and Forecast (2019-2030)
8.1.2.3. Ethylene oxide
8.1.2.4. Market Revenue and Forecast (2019-2030)
8.1.2.5. EDC
8.1.2.6. Market Revenue and Forecast (2019-2030)
8.1.2.7. Ethyl benzene
8.1.2.8. Market Revenue and Forecast (2019-2030)
8.1.2.9. Other (including alpha olefins, vinyl acetate, etc.)
8.1.2.10. Market Revenue and Forecast (2019-2030)
8.1.3. Propylene
8.1.4. Market Revenue and Forecast (2019-2030)
8.1.4.1. Polypropylene
8.1.4.2. Market Revenue and Forecast (2019-2030)
8.1.4.3. Propylene oxide
8.1.4.4. Market Revenue and Forecast (2019-2030)
8.1.4.5. Acrylonitrile
8.1.4.6. Market Revenue and Forecast (2019-2030)
8.1.4.7. Cumene
8.1.4.8. Market Revenue and Forecast (2019-2030)
8.1.4.9. Acrylic acid
8.1.4.10. Market Revenue and Forecast (2019-2030)
8.1.4.11. Isopropanol
8.1.4.12. Market Revenue and Forecast (2019-2030)
8.1.4.13. Other
8.1.4.14. Market Revenue and Forecast (2019-2030)
8.1.5. Butadiene
8.1.6. Market Revenue and Forecast (2019-2030)
8.1.6.1. SB Rubber
8.1.6.2. Market Revenue and Forecast (2019-2030)
8.1.6.3. Butadiene rubber
8.1.6.4. Market Revenue and Forecast (2019-2030)
8.1.6.5. ABS
8.1.6.6. Market Revenue and Forecast (2019-2030)
8.1.6.7. SB latex
8.1.6.8. Market Revenue and Forecast (2019-2030)
8.1.6.9. Other (nitrile rubber, mechanical belts, etc.)
8.1.6.10. Market Revenue and Forecast (2019-2030)
8.1.7. Benzene
8.1.8. Market Revenue and Forecast (2019-2030)
8.1.8.1. Ethyl benzene
8.1.8.2. Market Revenue and Forecast (2019-2030)
8.1.8.3. Phenol/cumene
8.1.8.4. Market Revenue and Forecast (2019-2030)
8.1.8.5. Cyclohexane
8.1.8.6. Market Revenue and Forecast (2019-2030)
8.1.8.7. Nitrobenzene
8.1.8.8. Market Revenue and Forecast (2019-2030)
8.1.8.9. Alkyl benzene
8.1.8.10. Market Revenue and Forecast (2019-2030)
8.1.8.11. Other (including alkyl benzene, maleic anhydride)
8.1.8.12. Market Revenue and Forecast (2019-2030)
8.1.9. Xylene
8.1.10. Market Revenue and Forecast (2019-2030)
8.1.11. Toluene
8.1.12. Market Revenue and Forecast (2019-2030)
8.1.12.1. Benzene
8.1.12.2. Market Revenue and Forecast (2019-2030)
8.1.12.3. Xylenes
8.1.12.4. Market Revenue and Forecast (2019-2030)
8.1.12.5. Solvents
8.1.12.6. Market Revenue and Forecast (2019-2030)
8.1.12.7. TDI
8.1.12.8. Market Revenue and Forecast (2019-2030)
8.1.12.9. Others (including pesticides, drugs, nitro toluene, etc.)
8.1.12.10. Market Revenue and Forecast (2019-2030)
8.1.13. Methanol
8.1.14. Market Revenue and Forecast (2019-2030)
8.1.14.1. Formaldehyde
8.1.14.2. Market Revenue and Forecast (2019-2030)
8.1.14.3. Gasoline
8.1.14.4. Market Revenue and Forecast (2019-2030)
8.1.14.5. Acetic acid
8.1.14.6. Market Revenue and Forecast (2019-2030)
8.1.14.7. MTBE
8.1.14.8. Market Revenue and Forecast (2019-2030)
8.1.14.9. Dimethyl ether
8.1.14.10. Market Revenue and Forecast (2019-2030)
8.1.14.11. MTO/MTP
8.1.14.12. Market Revenue and Forecast (2019-2030)
8.1.14.13. Other
8.1.14.14. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Petrochemicals Market, By Manufacturing processes

9.1. Petrochemicals Market, by Manufacturing processes, 2019-2030
9.1.1. Fluid Catalytic Cracking (FCC)
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Steam cracking
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Catalytic reforming
9.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Petrochemicals Market, By Application

10.1. Petrochemicals Market, by Application, 2019-2030
10.1.1. Aerospace
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Agriculture
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Automotive
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Building & Construction
10.1.4.1. Market Revenue and Forecast (2019-2030)
10.1.5. Consumer & Industrial Goods
10.1.5.1. Market Revenue and Forecast (2019-2030)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Petrochemicals Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Product Type(2019-2030)
11.1.2. Market Revenue Forecast by Manufacturing processes (2019-2030)
11.1.3. Market Revenue Forecast by Application (2019-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2019-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2019-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Product Type (2019-2030)
11.2.2. Market Revenue Forecast by Manufacturing processes (2019-2030)
11.2.3. Market Revenue Forecast by Application (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2019-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2019-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Product Type (2019-2030)
11.3.2. Market Revenue Forecast by Manufacturing processes (2019-2030)
11.3.3. Market Revenue Forecast by Application (2019-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2019-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2019-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Product Type (2019-2030)
11.4.2. Market Revenue Forecast by Manufacturing processes (2019-2030)
11.4.3. Market Revenue Forecast by Application (2019-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2019-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2019-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Product Type (2019-2030)
11.5.2. Market Revenue Forecast by Manufacturing processes (2019-2030)
11.5.3. Market Revenue Forecast by Application (2019-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2019-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2019-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2019-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2019-2030)

Chapter 12. Company Profiles

12.1. BASF SE
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio, Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Price, and Gross Margin (2019-2020)
12.1.4. Recent Developments and Strategies
12.2. BP Plc.
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio, Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Price, and Gross Margin (2019-2020)
12.2.4. Recent Developments and Strategies
12.3. DuPont de Nemours, Inc.
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio, Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Price, and Gross Margin (2019-2020)
12.3.4. Recent Developments and Strategies
12.4. Total S.A.
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio, Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Price, and Gross Margin (2019-2020)
12.4.4. Recent Developments and Strategies
12.5. Exxon Mobil Corp.
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio, Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Price, and Gross Margin (2019-2020)
12.5.4. Recent Developments and Strategies
12.6. China Petroleum & Chemical Corporation
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio, Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Price, and Gross Margin (2019-2020)
12.6.4. Recent Developments and Strategies
12.7. Saudi Arabian Oil Co.
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio, Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Price, and Gross Margin (2019-2020)
12.7.4. Recent Developments and Strategies
12.8. Sumitomo Chemical Co., Ltd.
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio, Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Price, and Gross Margin (2019-2020)
12.8.4. Recent Developments and Strategies
12.9. Dow
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio, Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Price, and Gross Margin (2019-2020)
12.9.4. Recent Developments and Strategies
12.10. Chevron Phillips Chemical Company
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio, Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Price, and Gross Margin (2019-2020)
12.10.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

Contact Us:

Precedence Research

Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada

Call: +1 774 402 6168

Email: sales@precedenceresearch.com

Website: https://www.precedenceresearch.com

 Blog: https://www.pharma-geek.com

 

Petrochemical Market Size, Growth, Demands Outlook and Forecasts to 2032

According to the research report, the global petrochemical market size is expected to touch USD 8 Billion by 2032, from USD 2 Billion in 2022, growing with a significant CAGR of 2% from 2022 to 2032. 

The petrochemical market report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global petrochemical market in conjunction with the geographical landscape of this vertical have also been included in this report.

The report offers intricate dynamics about different aspects of the global petrochemical market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global petrochemical market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

Sample Link @

Market Scope (Table)

 

This study covers a detailed segmentation of the global petrochemical market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global petrochemical market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Players

 

Market Segmentation

 

Research Methodology

The research methodology adopted by analysts for compiling the global petrochemical market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global petrochemical market.

TABLE OF CONTENT

Contact Us:

Precedence Research

Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada

Call: +1 774 402 6168

Email: sales@precedenceresearch.com

Website: https://www.precedenceresearch.com

 Blog: https://www.pharma-geek.com

 

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