What is the petrochemicals market?
The petrochemicals market is a pivotal sector within the global chemical industry, integral to the production of an extensive array of everyday products. It encompasses a wide range of chemicals derived from hydrocarbons primarily obtained from crude oil and natural gas. These chemicals serve as the building blocks for an extensive spectrum of essential items, including plastics, synthetic fibers, solvents, and a myriad of industrial and consumer goods. As a cornerstone of the modern economy, the petrochemicals market is not only influenced by fluctuations in energy prices but is also shaped by innovations in technology and evolving sustainability demands. This dynamic industry continues to be a driving force in sectors such as manufacturing, packaging, and construction, and remains a focal point for both economic and environmental considerations on a global scale.
Analyst View:
In the packaging industry, petrochemicals are utilized as a raw material in the manufacturing of polymers. Polyethylene that is made from ethylene can be soft, hard, and pliable. Pliable and soft polyethylene is mainly used as a raw material for flexible packaging. It is usually used to store and package a wide range of products. Whereas, hard polyethylene is utilized for the manufacturing of rigid packaging. With the increase in demand for rigid and flexible packaging, the demand for polyethylene and thus ethylene is projected to rise over the forecast period, which is anticipated to boost the global petrochemicals market growth.
Click Here to Download Free Sample Copy:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4238
Detailed Segmentation:
Report Scope:
| Attribute | Details |
| Base year for estimation | 2020 |
| Forecast period | 2020 – 2030 |
| Market representation | Revenue in USD Billion & CAGR from 2020 – 2030 |
| Market Segmentation | By Type– Ethylene, Propylene, Butadiene, Benzene, Toluene, Xylene, Methanol, and Others
By Application – Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants, Dyes, and Others
By End-user– Packaging, Automotive & Transportation, Construction, Electrical & Electronics, Healthcare, and Others
|
| Regional scope | North America – U.S., Canada
Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America – Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Competitive Landscape:
The prominent player operating in the global petrochemicals market includes,
- BASF SE
- Shell Chemical Company
- DuPont
- ExxonMobil
- Total S.A.
- Sinopec Limited
- Dow Inc.
- Saudi Arabian Oil Co.
- Sumitomo Chemical Co. Ltd.
- Chevron Phillips Chemical Company LLC
- LyondellBasell Industries.
The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.
Get the PDF Sample Copy of this report:
https://www.prophecymarketinsights.com/market_insight/Insight/request-pdf/4238
Related report link:
About Prophecy Market Insights:
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
To know more
Contact Us:
Sales
Prophecy Market Insights
📞 US toll free: +1 860 531 2574
📞 Rest of world: + 91 7775049802
✉ Email– sales@prophecymarketinsights.com
🌐 Website- www.prophecymarketinsights.com
Follow us on: