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Petrochemicals Market Worth Around 943.5 Billion USD with Enlist CAGR 8.06% - Global Forecast Till 2023

Press release   •   Jun 24, 2019 03:32 EDT

The Global Petrochemicals Market is relied upon to enlist a CAGR of 8.06% to stretch around USD 943.5 billion before the end of 2023.

The new research from Ameco Research on Global Petrochemicals Market Report for 2023 intends to offer target audience with the fresh outlook on market and fill in the knowledge gaps with the help of processed information and opinions from industry experts. The information in the research report is well-processed and a report is accumulated by industry professionals and seasoned experts in the field to ensure of the quality of research.

The research is backed by extensive and in-depth secondary research which involves reference to various statistical databases, national government documents, relevant patent and regulatory databases, news articles, press releases, company annual reports, webcasts, financial reports, and a number of internal and external proprietary databases. This estimated data is cross-checked with industry experts from various leading companies in the market. After the entire authentication process, these reports are shared with subject matter experts (SMEs) for adding further value and to gain their insightful opinion on the research. With such robust process of data extraction, verification, and finalization, we firmly endorse the quality of our research. With such extensive and in-depth research and comprehensive coverage of information, it is always a possibility of clients finding their desired information in the report with enclosure of key components and valuable statistics in all regards.

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Global Petrochemicals Market: Information by Type (Ethylene, Propylene, Butadiene, Benzene, Toluene, Xylene, Methanol), Application (Polymer, Paints and Coatings, Solvent), End-Use Industry (Packaging, Automotive, Construction), Region—Forecast till 2023

Market analysis

The global petrochemicals market is relied upon to enlist a CAGR of 8.06% to stretch around USD 943.5 billion before the end of 2023. Petrochemicals is a complex industrial sector affecting pretty much every circle of life. Petrochemicals are synthetic subsidiaries of oil and gas. The expanding interest for polymers in the automotive and packaging ventures is prevalently expected to drive the development of the global petrochemicals market as petrochemicals are broadly utilized in the assembling of an assortment of monomers, which are utilized for making polymers. In like manner, the expanding interest for paints and coatings over the globe is likewise anticipated to support the development of the global petrochemicals market during the conjecture time frame. Additionally, the rising interest for methanol in different end-use ventures is likewise expected to add to the development of the item showcase. Nonetheless, the developing ecological concerns and moving interest towards bio-based synthetic compounds are factors liable to hamper the worldwide market development during the figure time frame.

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Market segmentation

The global petrochemicals market is segmented on the basis of its type, application, end-user, and regional demand. Based on its type, the market is segmented as Butadiene
Ethylene, Xylene, Benzene, Propylene, Toluene, Methanol, Others. On the basis of its application, the market is divided into Paints and Coatings, Polymers, Rubber, Adhesives and Sealants, Dyes, Solvents, Surfactants, Others. Based on its end-user, the market is Automotive & Transportation, Packaging, Electrical & Electronics, Construction, Healthcare, Others.

Regional analysis

Geographically, the global petrochemicals market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

Royal Dutch Shell PLC (The Netherlands), and China Petroleum & Chemical Corporation (China), BASF SE (Germany), LyondellBasell Industries Holdings B.V. (The Netherlands), TOTAL (France), Indian Oil Corporation Limited (India), Chevron Phillips Chemical Company (US), BP PLC (UK), Sumitomo Chemical Company (Japan), among others are some of the major players in the global petrochemicals market.

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Petrochemicals Market, by end-use.
Detailed analysis and profiles of additional market players.

Table of Contents

Global Petrochemicals Market Research Report Forecast to 2023

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
3.1 Global Market Share, by Region (%)
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increasing Use of Polymers in the Packaging and Automotive Industries
5.2.2 Rising Demand for Methanol in Various End-Use Industries
5.2.3 Increasing Demand for Paints & Coatings
5.2.4 Easy Availability of Raw Materials from the Middle East
5.3 Restraints
5.3.1 Increasing Environmental Concerns
5.3.2 Shift Towards Bio-Based Chemicals
5.4 Opportunities
5.4.1 Adoption of Novel Technologies
5.4.2 Rapid Industrialization & Urbanization in Asia-Pacific
5.5 Challenges
5.5.1 Volatile Raw Material Prices

6 Market Factor Analysis
6.1 Supply Chain Analysis
6.1.1 Feedstock
6.1.2 Petrochemical Manufacturers
6.1.3 Distribution Channel
6.1.4 End-Use Industry
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Intensity of Rivalry
6.2.3 Threat of Substitutes
6.2.4 Bargaining Power of Suppliers
6.2.5 Bargaining Power of Buyers
6.3 Pricing Analysis
7 Global Petrochemicals Market, by Type
7.1 Introduction
7.2 Ethylene
7.3 Propylene
7.4 Butadiene
7.5 Benzene
7.6 Toluene
7.7 Xylene
7.8 Methanol
7.9 Others
8 Global Petrochemicals Market, by Application
8.1 Introduction
8.2 Adhesives and Sealants
8.3 Polymers
8.4 Paints and Coatings
8.5 Dyes
8.6 Surfactants
8.7 Rubber
8.8 Solvents
8.9 Others

9 Global Petrochemicals Market, by End-Use Industry
9.1 Introduction
9.2 Packaging
9.3 Automotive & Transportation
9.4 Construction
9.5 Electricals & Electronics
9.6 Healthcare
9.7 Others
10 Global Petrochemicals Market, by Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 Russia
10.3.3 Italy
10.3.4 France
10.3.5 UK
10.3.6 Spain
10.3.7 Poland
10.3.8 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Indonesia
10.4.6 Australia & New Zealand
10.4.7 Rest of Asia-Pacific
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.5.4 Rest of Latin America
10.6 Middle East & Africa
10.6.1 GCC
10.6.2 Turkey
10.6.3 North Africa
10.6.4 Rest of Middle East and Africa
11 Competitive Landscape
11.1 Introduction
11.2 Market Strategy Analysis
11.2.1 Key Developments of Market Players
12 Company Profiles
12.1 BASF SE
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.1.6 Key Strategies
12.2 SABIC
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Products Offered
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.2.6 Key Strategies
12.3 LyondellBasell Industries Holdings B.V.
2.1.1 Company Overview
12.3.1 Financial Overview
12.3.2 Products Offered
12.3.3 Key Developments
12.3.4 SWOT Analysis
12.3.5 Key Strategies

12.4 TOTAL
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products Offered
12.4.4 Key Developments
12.4.5 SWOT Analysis
12.4.6 Key Strategies
12.5 Indian Oil Corporation Ltd
12.5.1 Company Overview
12.5.2 Financial Overview
12.5.3 Products Offered
12.5.4 Key Developments
12.5.5 SWOT Analysis
12.5.6 Key Strategies
12.6 Chevron Phillips Chemical Company
12.6.1 Company Overview
12.6.2 Financial Overview
12.6.3 Products Offered
12.6.4 Key Developments
12.6.5 SWOT Analysis
12.6.6 Key Strategies
12.7 BP PLC
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Products Offered
12.7.4 Key Developments
12.7.5 SWOT Analysis
12.7.6 Key Strategies
12.8 Sumitomo Chemical Company
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products Offered
12.8.4 Key Developments
12.8.5 SWOT Analysis
12.8.6 Key Strategies
12.9 Reliance Industries Limited
12.9.1 Company Overview
12.9.2 Financial Overview
12.9.3 Products Offered
12.9.4 Key Developments
12.9.5 SWOT Analysis
12.9.6 Key Strategies
12.1 China National Petroleum Corporation
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products Offered
12.10.4 Key Developments
12.10.5 SWOT Analysis
12.10.6 Key Strategies
12.11 DowDuPont
12.11.1 Company Overview
12.11.2 Financial Overview
12.11.3 Products Offered
12.11.4 Key Developments
12.11.5 SWOT Analysis
12.11.6 Key Strategies
12.12 Royal Dutch Shell Plc
12.12.1 Company Overview
12.12.2 Financial Overview
12.12.3 Products Offered
12.12.4 Key Developments
12.12.5 SWOT Analysis
12.12.6 Key Strategies
12.13 China Petroleum & Chemical Corporation
12.13.1 Company Overview
12.13.2 Financial Overview
12.13.3 Products Offered
12.13.4 Key Developments
12.13.5 SWOT Analysis
12.13.6 Key Strategies
13 Conclusion
13.1 Headlines
13.2 Industry Trends

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