Report overview
Petrochemicals (also known as petroleum distillates) are chemical products derived from petroleum. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as corn, palm fruit or sugar cane.
This report aims to provide a comprehensive presentation of the global market for Petrochemicals, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Petrochemicals. This report contains market size and forecasts of Petrochemicals in global, including the following market information:
Global Petrochemicals Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Petrochemicals Market Sales, 2018-2023, 2024-2029, (MT)
Global top five Petrochemicals companies in 2022 (%)
The global Petrochemicals market was valued at US$ 693340 million in 2022 and is projected to reach US$ 937370 million by 2029, at a CAGR of 4.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Currently, Asia-Pacific is the largest market for the petrochemicals having accounted for more than half of the global market size, by volume, in 2017. Among all the countries, China & India dominated the basic polymers market in 2017 in terms of volume, closely followed by Japan. High economic growth rate, rising demand for construction products made up of plastics, growing health awareness applications, improving standards of living and competitive manufacturing costs are the main factors leading to the growth of the market for petrochemicals in this region.
We surveyed the Petrochemicals manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Petrochemicals Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Petrochemicals Market Segment Percentages, by Type, 2022 (%)
Ethylene
Propylene
Benzene
Butadiene
Xylenes
Toluene
Global Petrochemicals Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Petrochemicals Market Segment Percentages, by Application, 2022 (%)
Construction
Packaging
Automotive
Electrical & Electronics
Aerospace
Consumer Goods
Others
Global Petrochemicals Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Petrochemicals Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Petrochemicals revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Petrochemicals revenues share in global market, 2022 (%)
Key companies Petrochemicals sales in global market, 2018-2023 (Estimated), (MT)
Key companies Petrochemicals sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
LyondellBasell
BASF
Total
Royal Dutch Shell
Sinopec
DowDupont
Reliance Industries
Sabic
British Petroleum
Chevron Phillips
Formosa Plastics
China National Petroluem Corporation
Exxonmobil
Ineos
Outline of Major Chapters:
Chapter 1: Introduces the definition of Petrochemicals, market overview.
Chapter 2: Global Petrochemicals market size in revenue and volume.
Chapter 3: Detailed analysis of Petrochemicals manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Petrochemicals in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Petrochemicals capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
