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Petrochemicals Market

Petrochemicals Market Report By Product Type(Propylene,Benzene,Ethylene,Butadiene,Xylene,Styrene,Toluene,Methanol,Vinyls,Others),By Region(North America,Europe,Asia-Pacific,Latin America,Middle East &Africa)-Size,Share,Growth and Global Forecast to 2026

  • ID : 88718556  |  
  • Published : Jan-2019  |  
  • Region : Global  |  
  • Pages : 80   |  
  • Publisher : Polaris Market Research

Petrochemicals Market Size and Growth Rate:

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.

Petrochemicals Market Overview:

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 the abundance of raw materials in the Middle East and favorable regulatory policies in Asia-Pacific. However, increasing environmental concerns, the 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 the medical and healthcare sector. Phenol and Cunene are used for the 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 the manufacturing of food preservatives, chocolates and candies, and food coloring among others.

The different types of petrochemicals include propylene, benzene, ethylene, butadiene, xylene, styrene, toluene, vinyl, 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.

Petrochemicals Market Regional Presence:

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 the 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.

Key Players in the Petrochemicals Market Report are:

  • Royal Dutch Shell PLC
  • BASF SE
  • British Petroleum
  • The Dow Chemical Company
  • China National Petroleum Corporation
  • Chevron Corporation
  • ExxonMobil Corporation
  • LyondellBasell Industries Inc
  • INEOS Group Ltd
  • E. I. Dupont De Nemours & Company
  • Sabic
  • Sinopec Ltd

Petrochemicals Market-Detailed Segmentation:

Petrochemicals Market-By Product Type:

  • Propylene
  • Benzene
  • Ethylene
  • Butadiene
  • Xylene
  • Styrene
  • Toluene
  • Methanol
  • Vinyl
  • Others

Petrochemicals Market-By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East &Africa

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

3.1. 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

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

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

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