The petrochemical market size is poised to grow by $ 1,041.79 billion by 2032 from $ 584.5Billion in 2022, exhibiting a CAGR of 6% during the forecast period 2023-2032.
Key Takeaway:
- By product, the ethylene segment has captured a revenue share of 40.6% in 2022.
- The methanol segment is expected to grow at a CAGR of 7.9% between 2023 to 2032.
- Asia Pacific has dominated the market with a revenue share of 52% in 2022.
- North America accounted for 20% revenue share in 2022.
- Europe is anticipated to grow at a CAGR of 5.7% during the forecast period from 2023 to 2032.
The main objective of this report is to define, describe, and forecast the global market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in market.
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COVID-19 Impact
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the electric vehicle fuel cell market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
Major companies operating in this area
- 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
Major highlights of Report:
- Figures related to sales volume, market remuneration, and segmental shares
- Featuring market dynamics
- Growth prospects and expansion graph
- PROCON study of direct & indirect sales channels
- Profiles of prominent traders, dealer, and distributors in the industry
Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa
- Industry forecasts based on region and at country level
- Data about sales volume recorded, industry share held, and profit margins amassed
- Overall remuneration and estimated growth rate for each regional market
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.
Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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
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