October 22, 2021
Petrochemical

Petrochemical Market Revenue to Hit US$ 729 Billion by 2030

The global Petrochemical market value is expected to reach US$ 729 Billion by the end of 2030, decelerating at a CAGR of 5.1% from 2021 to 2030. The report contains 150+ pages with detailed analysis. The global Petrochemical market value is expected to reach US$ 729 Billion by the end of 2030, decelerating at a CAGR of 5.1% from 2021 to 2030.

The study provides the overall revenue of the global Petrochemical market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global Petrochemical market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the Petrochemical industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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.

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.

Report Coverage:

Report Highlights Details
Market Size US$ 729 Billion by 2030
Growth Rate CAGR of 5.1% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application, Manufacturing Processes
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned 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

Regional Analysis:

The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific dominated the global market with a market share of more than 50%, in 2020. The growth of the region primarily attributed to rapid industrialization, coupled with increasing consumption of the petrochemical in countries of the Asia Pacific especially in the China. Increasing adoption of petrochemical in China for the various end user applications including automotive, electronics, construction, food & beverages is major factors boosting growth of the target industry and in turn growth of the Asia Pacific region. Further, presence of leading players, along with favorable government regulations are among major factors augmenting growth of the target market in the near future.

North America is expected to register significant market share in global market over the forecasted period, owing to growing activities of shale gas exploration in the North American countries especially in the United States and Canada of the region. U.S. and Canada accounted for more than 90% production of the shale gas in 2018. Further, capacity expansion by the leading players in the North America is among major factors anticipated to augment target industry growth in this region during the forecast period. Moreover, growing research and development activities by the key companies in the country is other important factor to contribute the high market share of North America over the forecast period. Growth in Europe is accredited to growing production of the ethylene in U.K. Germany and France, along with growing product demand from the automotive and construction industries. African and Middle Eastern region will display noticeable growth over the forecast period.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global Petrochemical market are as follows:

  • 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

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

By Geography

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Latin America
    • Middle East & Africa (MEA)
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global Petrochemical market. It examines trends and factors influencing demand for Petrochemical globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for Petrochemical across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on Petrochemical. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

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 CONTENT

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 (2017 – 2020)
7.1.1.2. Petrochemicals Market Revenue Market Share by Market Players (2017 – 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, 2017-2030
8.1.1. Ethylene
8.1.2. Market Revenue and Forecast (2017-2030)
8.1.2.1. Polyethylene
8.1.2.2. Market Revenue and Forecast (2017-2030)
8.1.2.3. Ethylene oxide
8.1.2.4. Market Revenue and Forecast (2017-2030)
8.1.2.5. EDC
8.1.2.6. Market Revenue and Forecast (2017-2030)
8.1.2.7. Ethyl benzene
8.1.2.8. Market Revenue and Forecast (2017-2030)
8.1.2.9. Other (including alpha olefins, vinyl acetate, etc.)
8.1.2.10. Market Revenue and Forecast (2017-2030)
8.1.3. Propylene
8.1.4. Market Revenue and Forecast (2017-2030)
8.1.4.1. Polypropylene
8.1.4.2. Market Revenue and Forecast (2017-2030)
8.1.4.3. Propylene oxide
8.1.4.4. Market Revenue and Forecast (2017-2030)
8.1.4.5. Acrylonitrile
8.1.4.6. Market Revenue and Forecast (2017-2030)
8.1.4.7. Cumene
8.1.4.8. Market Revenue and Forecast (2017-2030)
8.1.4.9. Acrylic acid
8.1.4.10. Market Revenue and Forecast (2017-2030)
8.1.4.11. Isopropanol
8.1.4.12. Market Revenue and Forecast (2017-2030)
8.1.4.13. Other
8.1.4.14. Market Revenue and Forecast (2017-2030)
8.1.5. Butadiene
8.1.6. Market Revenue and Forecast (2017-2030)
8.1.6.1. SB Rubber
8.1.6.2. Market Revenue and Forecast (2017-2030)
8.1.6.3. Butadiene rubber
8.1.6.4. Market Revenue and Forecast (2017-2030)
8.1.6.5. ABS
8.1.6.6. Market Revenue and Forecast (2017-2030)
8.1.6.7. SB latex
8.1.6.8. Market Revenue and Forecast (2017-2030)
8.1.6.9. Other (nitrile rubber, mechanical belts, etc.)
8.1.6.10. Market Revenue and Forecast (2017-2030)
8.1.7. Benzene
8.1.8. Market Revenue and Forecast (2017-2030)
8.1.8.1. Ethyl benzene
8.1.8.2. Market Revenue and Forecast (2017-2030)
8.1.8.3. Phenol/cumene
8.1.8.4. Market Revenue and Forecast (2017-2030)
8.1.8.5. Cyclohexane
8.1.8.6. Market Revenue and Forecast (2017-2030)
8.1.8.7. Nitrobenzene
8.1.8.8. Market Revenue and Forecast (2017-2030)
8.1.8.9. Alkyl benzene
8.1.8.10. Market Revenue and Forecast (2017-2030)
8.1.8.11. Other (including alkyl benzene, maleic anhydride)
8.1.8.12. Market Revenue and Forecast (2017-2030)
8.1.9. Xylene
8.1.10. Market Revenue and Forecast (2017-2030)
8.1.11. Toluene
8.1.12. Market Revenue and Forecast (2017-2030)
8.1.12.1. Benzene
8.1.12.2. Market Revenue and Forecast (2017-2030)
8.1.12.3. Xylenes
8.1.12.4. Market Revenue and Forecast (2017-2030)
8.1.12.5. Solvents
8.1.12.6. Market Revenue and Forecast (2017-2030)
8.1.12.7. TDI
8.1.12.8. Market Revenue and Forecast (2017-2030)
8.1.12.9. Others (including pesticides, drugs, nitro toluene, etc.)
8.1.12.10. Market Revenue and Forecast (2017-2030)
8.1.13. Methanol
8.1.14. Market Revenue and Forecast (2017-2030)
8.1.14.1. Formaldehyde
8.1.14.2. Market Revenue and Forecast (2017-2030)
8.1.14.3. Gasoline
8.1.14.4. Market Revenue and Forecast (2017-2030)
8.1.14.5. Acetic acid
8.1.14.6. Market Revenue and Forecast (2017-2030)
8.1.14.7. MTBE
8.1.14.8. Market Revenue and Forecast (2017-2030)
8.1.14.9. Dimethyl ether
8.1.14.10. Market Revenue and Forecast (2017-2030)
8.1.14.11. MTO/MTP
8.1.14.12. Market Revenue and Forecast (2017-2030)
8.1.14.13. Other
8.1.14.14. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Petrochemicals Market, By Manufacturing processes

9.1. Petrochemicals Market, by Manufacturing processes, 2017-2030
9.1.1. Fluid Catalytic Cracking (FCC)
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Steam cracking
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Catalytic reforming
9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Petrochemicals Market, By Application

10.1. Petrochemicals Market, by Application, 2017-2030
10.1.1. Aerospace
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Agriculture
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Automotive
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Building & Construction
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Consumer & Industrial Goods
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Petrochemicals Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Product Type(2017-2030)
11.1.2. Market Revenue Forecast by Manufacturing processes (2017-2030)
11.1.3. Market Revenue Forecast by Application (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Product Type (2017-2030)
11.2.2. Market Revenue Forecast by Manufacturing processes (2017-2030)
11.2.3. Market Revenue Forecast by Application (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Product Type (2017-2030)
11.3.2. Market Revenue Forecast by Manufacturing processes (2017-2030)
11.3.3. Market Revenue Forecast by Application (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Product Type (2017-2030)
11.4.2. Market Revenue Forecast by Manufacturing processes (2017-2030)
11.4.3. Market Revenue Forecast by Application (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Product Type (2017-2030)
11.5.2. Market Revenue Forecast by Manufacturing processes (2017-2030)
11.5.3. Market Revenue Forecast by Application (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)

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 (2017-2020)
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 (2017-2020)
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 (2017-2020)
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 (2017-2020)
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 (2017-2020)
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 (2017-2020)
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 (2017-2020)
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 (2017-2020)
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 (2017-2020)
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 (2017-2020)
12.10.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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