Petrochemical Market Size To Hit US$ 798.8 Billion By 2030

The global petrochemical market size is expected to hit around USD 798.8 billion by 2030 and progressing a CAGR of 5.4% over the forecast period 2022 to 2030.

Petrochemical Market Size 2020 to 2030

The on petrochemical Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

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Scope of the Petrochemical Market

Report Highlights	Details
Market Size	US$ 798.8 Billion by 2030
Growth Rate	CAGR of 5.4% From 2021 to 2030
Base Year	2021
Historic Data	2017 to 2020
Forecast Period	2021 to 2030
Segments Covered	Product, Application, Manufacturing Processes
Regional Scope	North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

A recent report provides crucial insights along with application based and forecast information in the Global Petrochemical Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Petrochemical market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Petrochemical market are included as given below:

Petrochemical Market 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 Segments

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

Report Objectives

To define, describe, and forecast the global petrochemical market based on product, and region
To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the 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