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Petrochemical Market By Product (Propylene, Toluene, Methanol, Ethylene, Benzene, Butadiene, Styrene, Xylene, and Vinyls) and By Application (Automotive, Agriculture, Construction, Electrical & Electronics, Packaging, Pharmaceuticals, and Others): Global Industry Perspective, Comprehensive Analysis): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026

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Global Petrochemical Market Size, Share

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Industry Insights

[190+ Pages Report] Global petrochemical market was USD 554 billion in 2019 and is expected to grow USD 775 billion by 2026 at a CAGR of 4.9% during the forecast period.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Petrochemical industry. The report analyzes and declares the historical and current trends analysis of the Petrochemical industry and subsequently recommends the projected trends anticipated to be observed in the Petrochemical market during the upcoming years.

The Petrochemical market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire petrochemical market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Billion) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Petrochemical industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Petrochemical industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Petrochemical market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Petrochemical industry. The Petrochemical market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Petrochemical sector. Key strategic developments in the Petrochemical market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Petrochemical market are appropriately highlighted in the report.

The Petrochemical market research report delivers an acutevaluationand taxonomy of the Petrochemical industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Petrochemical industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Petrochemical industry is provided for the leading economies of the world.

The Petrochemical market is segmented based on Product and Application.  On the basis of type segmentation, the market is classified into Propylene, Toluene, Methanol, Ethylene, Benzene, Butadiene, Styrene, Xylene, and Vinyls. In terms of Application segmentation, the market is bifurcated into Automotive, Agriculture, Construction, Electrical & Electronics, Packaging, Pharmaceuticals, and Others.

logoTop Market Players

Some of the essential players operating in the Petrochemical market, but not restricted to include Chevron Corporation, BASF AG, SINOPEC, British Petroleum PLC, INEOS Group Ltd, China National Petroleum (CNPC), Lyondell Basell Industries Inc, E.I. du Pont de Nemours & Company, Royal Dutch Shell PLC, SABIC, ExxonMobil Corp and The Dow Chemical Company

logoThe taxonomy of the Petrochemical market by its scope and segmentation is as follows:

logo By Product Segmentation Analysis (Customizable)

  • Propylene
  • Toluene
  • Methanol
  • Ethylene
  • Benzene
  • Butadiene
  • Styrene
  • Xylene
  • Vinyls

logo By Application Segmentation Analysis (Customizable)

  • Automotive
  • Agriculture
  • Construction
  • Electrical & electronics
  • Packaging
  • Pharmaceuticals
  • Others

logo Regional Segmentation Analysis (Customizable)

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Covid-19

Petrochemical Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

logoKey Insights from Primary Research

  • As per primary respondents, the Petrochemical market is estimated to grow at a rate of around 5%.
  • It was identified through primary research that the Petrochemical market was contributed around USD 550Billion in 2019.
  • The “Toluene” category, was the significant revenue-generating category accounting for more than20% share, in 2019.
  • The “Automotive” category held the leading share at more than 25%, in 2019, on the basis of application segmentation.
  • Petrochemical has been gaining enormous demand in recent times because of the high demand for petrochemicals from emerging economies due to the massive industrialization.

logoKey Recommendations from Analysts

  • According to our analysts, The Asia Pacific region is expected to hold the largest Market share. This is mainly due to the high usage of petrochemicals in different industries due to their low cost and easy availability.
  • Our analysts have recognized “Toluene” and “Automotive” categories as the leading investment options for the Petrochemical market in terms of product and application segmentation respectively.
  • Several firms are collaborating on the research and development dimension to improve their products and provide a broader market base that will fuel industry growth over the next decade.
  • ·Petrochemicals are an essential component of rubber, plastics, and solvent production. This aspect is expected to contribute in the coming years to the splendid growth of the market for petrochemicals.
  • Growing at a CAGR of around 5%, the Petrochemical market offers a number of opportunities for all of the involved stakeholders across the entire value chain.

logoPetrochemical Market Market–Share by Product

logoPetrochemical Market

Covid-19

Petrochemical Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Chevron Corporation
  •  BASF AG
  •  SINOPEC
  •  British Petroleum PLC
  •  INEOS Group Ltd
  •  China National Petroleum (CNPC)
  •  Lyondell Basell Industries Inc
  •  E.I. du Pont de Nemours & Company
  •  Royal Dutch Shell PLC
  •  SABIC
  •  ExxonMobil Corp and
  •  The Dow Chemical Company

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Petrochemical Market.
According to Facts and Factors research report, the global Petrochemical Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Petrochemical Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Petrochemical Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Petrochemical Market in North America over coming decade.
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