Petrochemical Market: Trends, Growth, Size, Opportunity Assessment by Forecast to 2030

Precedence Research a new report on petrochemical Market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global petrochemical market size was valued at US$ 498.47 billion in 2021. The global petrochemical market is projected to reach US$ 798.8 billion by 2030, registering a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2021 to 2030.

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Petrochemical market Growth Factors:

Increasing usage of petrochemical in industrial applications including construction, automotive, aviation, food, electricals, paint and coatings, paper and pulp is major factor driving growth of the global petrochemical market. Additionally, capacity expansion of petrochemical by the major operating players is another factor expected to boost growth of the target market in the coming years. Moreover, petrochemical industry provides several raw materials to the processing industries. This is in turn creating huge adoption of petrochemicals in manufacturing and processing industries worldwide and boosting growth of the global market. Further, evolution of the shale gas in the developed economies such as U.S. and Canada that has led to decrease the feedstock prices which has positive impact on the industrial growth. Nevertheless, emerging markets of petrochemical is anticipated to create potential opportunities for the growth of the target market.

Petrochemical Market Report Scope 

The global petrochemical market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per petrochemical, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

petrochemical Market Report Highlights

• Among the product type segment, ethylene segment is dominated the overall market in 2020 with more than 25% share in terms of revenue, owing to its wide applications in various end use industries including transportation, construction and packaging. The polypropylene product type segment is expected to grow at a significant CAGR during the forecast time-frame.
• Among the manufacturing process, Fluid Catalytic Cracking (FCC) segment accounted for the significant share and is expected to continue its growth in the near future.
• Among the application building & construction segment accounted for the significant share. Automotive segment is expected to grow at a significant CAGR during the forecast time-frame.
• BASF SE accounted for a significant share of the global petrochemical market.

Read Also@ Ethanol Market Size to Hit Around US$ 155.6 Billion by 2030

Some of the prominent players in the petrochemical market include:

• 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

Petrochemical 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

Regional Segmentation

• Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America [United States, Canada, Mexico]
• South America [Brazil, Argentina, Columbia, Chile, Peru]
• Middle East & Africa [GCC, North Africa, South Africa]

Key Questions are

• What are the key factors influencing the petrochemical market in each region?
• How much value will the global market generate by the end of the forecast period?
• What will be the CAGR of the global market between 2021 and 2030?
• What would be the Y-o-Y growth trend of the global market between 2021 and 2030?
• What is the future scope and current trends in technologies of the global market?
• What is the revenue of the global market based on segments?
• Which key strategies are used by top players of the global market?
• Which are the leading companies in the global market?
• What are the essential strategies by key stakeholders in the market to expand their geographic presence?
• What are the major advancements witnessed in the global market?

Research Objectives and Research Approach

The comprehensive report on the global petrochemical market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global petrochemical market. It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global petrochemical market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.

Why should you invest in this report?

If you are aiming to enter the global petrochemical market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for petrochemical are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

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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