Petrochemicals Market Market Set to Exceed USD 1,203.2 million by 2026| CAGR: 10.1%
Forecast to 2020
Petrochemicals Market Size is Estimated to Reach $1,203 million by 2026
“Petrochemicals Market [By Product Type (Propylene, Benzene, Ethylene, Butadiene, Xylene, Styrene, Toluene, Vinyls, Methanol, Others); By Region]: Market Size & Forecast, 2017 – 2026” According to a new report published by Polaris Market Research the petrochemicals market is anticipated to reach over USD 1,203.2 billion by 2026. In 2017, the ethylene segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period. A significant growth in industries such as healthcare, automobile, construction, food and beverages, along with government initiatives and funding is expected to support the growth of this market. Other driving factors include abundance of raw materials in Middle East and favorable regulatory policies in Asia-Pacific. However, increasing environmental concerns, growing demand for bio-based chemicals, and price volatility of crude oil and natural gas are expected to restrict the growth of the market. Increasing demand from developing nations, and technological advancements are expected provide numerous growth opportunities to the market players during the forecast period. Petrochemicals are used in a wide range of applications in medical and healthcare sector. Phenol and Cumene are used for creation of a substance used for manufacturing of penicillin and aspirin. Petrochemical resins are used in drug purification, drug manufacturing for treatment of AIDS, cancer, and arthritis, development of artificial skin and limbs, and manufacturing of medical equipment such as bottles, and disposable syringes among others. In the food industry petrochemicals are used in manufacturing of food preservatives, chocolates and candies, and food coloring among others. Browse Detailed Research Report On Petrochemicals Market: https://www.polarismarketresearch.com/industry-analysis/petrochemicals-market Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high economic growth in the region, growth in automotive and construction industries, and rising standards of living are expected to drive the market growth. Increasing disposable incomes in developing countries of this region, increasing applications of petrochemicals, and competitive manufacturing costs are further expected to support market growth. Rapid urbanization, and rising shale gas explorations in the region are expected to further provide growth opportunities during the forecast period. The different types of petrochemicals include propylene, benzene, ethylene, butadiene, xylene, styrene, toluene, vinyls, methanol, and others. In 2017, ethylene accounted for the highest market share. However, adoption of methanol is expected to grow at the highest CAGR during the forecast period. The increasing demand of methanol for gasoline blending, and MTO (methanol to olefins) processes is expected to support its adoption in the coming years.
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Petrochemicals Market Size is Estimated to Reach $1,203 million by 2026
The well-known companies profiled in the report include Royal Dutch Shell PLC, BASF SE, British Petroleum, The DOW Chemical Company, China National Petroluem Corporation, Chevron Corporation, ExxonMobil Corporation, LyondellBasell Industries Inc., INEOS Group Ltd., E. I. Dupont De Nemours & Company, Sabic, and Sinopec Ltd among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers. Request for sample: https://www.polarismarketresearch.com/industry-analysis/petrochemicalsmarket/request-for-sample Table of Contents 1. Overview and Scope 1.1. Research goal & scope 1.2. Research assumptions 1.3. Research Methodology 1.3.1. Primary data sources 1.3.2. Secondary data sources 1.4. Key take-away 1.5. Stakeholders 2. Executive Summary 2.1. Market Definition 2.2. Market Segmentation 3. Petrochemicals Market Insights -3-
Petrochemicals Market Size is Estimated to Reach $1,203 million by 2026
3.1. Petrochemicals – Industry snapshot 3.2. Petrochemicals - Ecosystem analysis 3.3. Petrochemicals Market Dynamics 3.3.1. Petrochemicals – Market Forces 3.3.1.1. Petrochemicals Market Driver Analysis 3.3.1.2. Petrochemicals Market Restraint/Challenges analysis 3.3.1.3. Petrochemicals Market Opportunity Analysis 3.3.2. Industry analysis - Porter's five force 3.3.2.1. Bargaining power of supplier 3.3.2.2. Bargaining power of buyer 3.3.2.3. Threat of substitute 3.3.2.4. Threat of new entrant 3.3.2.5. Degree of competition 3.3.3. Petrochemicals Market PEST Analysis, 2017 3.3.4. Petrochemicals Market Value Chain Analysis 3.3.5. Petrochemicals Industry Trends 3.3.6. Competitive Ranking Analysis 4. Petrochemicals Market Size and Forecast, 2017-2026 by Product Type 4.1. Key Findings 4.2. Propylene 4.3. Benzene 4.4. Ethylene 4.5. Butadiene 4.6. Xylene 4.7. Styrene 4.8. Toluene 4.9. Methanol 4.10. Vinyls 4.11. Others 5. Petrochemicals Market Size and Forecast, 2017-2026 by Region 5.1. Key Findings 5.2. North America 5.2.1. U.S. 5.2.2. Canada 5.2.3. Mexico 5.3. Europe 5.3.1. Germany 5.3.2. UK 5.3.3. France 5.3.4. Italy 5.3.5. Rest of Europe 5.4. Asia-Pacific 5.4.1. China 5.4.2. India 5.4.3. Japan 5.4.4. Rest of Asia-Pacific 5.5. Latin America -4-
Petrochemicals Market Size is Estimated to Reach $1,203 million by 2026
5.5.1. Brazil 5.6. Middle East & Africa 6. Company Profiles 6.1. Royal Dutch Shell PLC 6.1.1. Overview 6.1.2. Financials 6.1.3. Product Benchmarking 6.1.4. Recent Developments 6.2. BASF SE 6.2.1. Overview 6.2.2. Financials 6.2.3. Product Benchmarking 6.2.4. Recent Developments 6.3. British Petroleum 6.3.1. Overview 6.3.2. Financials 6.3.3. Product Benchmarking 6.3.4. Recent Developments 6.4. The DOW Chemical Company 6.4.1. Overview 6.4.2. Financials 6.4.3. Product Benchmarking 6.4.4. Recent Developments 6.5. China National Petroleum Corporation 6.5.1. Overview 6.5.2. Financials 6.5.3. Product Benchmarking 6.5.4. Recent Developments 6.6. Chevron Corporation 6.6.1. Overview 6.6.2. Financials 6.6.3. Product Benchmarking 6.6.4. Recent Developments 6.7. ExxonMobil Corporation 6.7.1. Overview 6.7.2. Financials 6.7.3. Product Benchmarking 6.7.4. Recent Developments 6.8. LyondellBasell Industries Inc. 6.8.1. Overview 6.8.2. Financials 6.8.3. Product Benchmarking 6.8.4. Recent Developments 6.9. INEOS Group Ltd. 6.9.1. Overview 6.9.2. Financials 6.9.3. Product Benchmarking -5-
Petrochemicals Market Size is Estimated to Reach $1,203 million by 2026
6.9.4. Recent Developments 6.10. I. Dupont De Nemours & Company 6.10.1. Overview 6.10.2. Financials 6.10.3. Product Benchmarking 6.10.4. Recent Developments 6.11. Sabic 6.11.1. Overview 6.11.2. Financials 6.11.3. Product Benchmarking 6.11.4. Recent Developments 6.12. Sinopec Ltd 6.12.1. Overview 6.12.2. Financials 6.12.3. Product Benchmarking 6.12.4. Recent Developments Access Press Release on Petrochemicals Market: https://www.polarismarketresearch.com/pressreleases/global-petrochemicals-market About Polaris Market Research Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. E mail Id:
[email protected] Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com/
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Petrochemicals Market Size is Estimated to Reach $1,203 million by 2026
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