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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1513471

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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1513471

Global Petrochemicals Market Size study, by Product (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Methanol), and Regional Forecasts 2022-2032

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Global Petrochemicals Market is valued approximately USD 619.28 million in 2023 and is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2024-2032. Petrochemicals refer to chemical compounds obtained from crude oil, coal, and natural gas, encompassing aliphatic, aromatic, and naphthenic organic chemicals. They are essential for the production of various items such as chemicals, plastics, and synthetic materials. These products are gaining high traction in various applications across sectors including packaging, electronics, construction, and automotive industries. In the petrochemicals sector, environmental responsibility and sustainability are becoming increasingly important. Companies are highly investing on systems and procedures that lower carbon emissions, increase energy economy, and create bio-based substitutes. Accordingly, the rising shift towards sustainable practices is a key trend that is supporting the growth of the Global Petrochemicals Market.

There is an increasing demand for petrochemical products across various industries such as automotive, construction, packaging, electronics, and textiles, which is augmenting the growth of the market. This demand surge is largely due to factors such as population growth, urbanization, rising disposable incomes, and changing consumer lifestyles. Along with this, regulatory initiatives promoting environmental sustainability are shaping the market landscape, with companies increasingly investing in cleaner production methods and sustainable practices. The growth of the Petrochemicals Market is anticipated to rising environmental regulations and sustainability initiatives, coupled with a collaboration among industry players, research institutions, governments, and stakeholders. Moreover, rising advancements in petrochemical technologies are continuously improving production processes, enhancing product quality, and fostering innovation, With the ongoing growth and advancements in these sectors, the demand for petrochemical products is expected to rise steadily, thereby creating lucrative opportunities for the market growth over the forecast period of 2024-2032. Furthermore, the rise of shale oil and gas production in some regions, particularly North America, is creating a new source of raw materials for petrochemical production, which are anticipated to present substantial growth opportunities for the Global Petrochemicals Market. However, harmful effects caused by petrochemical products, along with volatility in the raw material prices is hindering the market growth between 2022 and 2032.

The key regions considered for the global Petrochemicals Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific is dominating the Petrochemicals Market in terms of revenue and is projected to sustain its leading position throughout the forecast period owing to the increasing urbanization, industrialization, and surge in demand for consumer goods in the region. Also, the growing need for polymers and the thriving chemicals sector are primarily burgeoning the market growth across the region. Companies in the region are contemplating cost-effective ways to boost product sales in addition to switching to natural gas liquids and other non-oil feedstock to meet the growing demand for the product. Whereas, the market in Asia Pacific is also anticipated to grow at the fastest rate over the forecast period.

Major market player included in this report are:

  • BASF SE
  • Chevron Corporation
  • China National Petroleum Corporation (CNPC)
  • China Petrochemical Corporation
  • ExxonMobil Corporation
  • INEOS Group Ltd.
  • LyondellBasell Industries Holdings B.V.
  • Royal Dutch Shell PLC
  • Saudi Basic Industries Corporation (SABIC)
  • The Dow Chemical Company

The detailed segments and sub-segment of the market are explained below:

By Product

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

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • RoMEA

Years considered for the study are as follows:

  • Historical year - 2022
  • Base year - 2023
  • Forecast period - 2024 to 2032

Key Takeaways:

  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.

Table of Contents

Chapter 1. Global Petrochemicals Market Definition and Research Assumptions

  • 1.1. Research Objective
  • 1.2. Market Definition
  • 1.3. Research Assumptions
    • 1.3.1. Inclusion & Exclusion
    • 1.3.2. Limitations
    • 1.3.3. Supply Side Analysis
      • 1.3.3.1. Availability
      • 1.3.3.2. Infrastructure
      • 1.3.3.3. Regulatory Environment
      • 1.3.3.4. Market Competition
      • 1.3.3.5. Economic Viability (Consumer's Perspective)
    • 1.3.4. Demand Side Analysis
      • 1.3.4.1. Regulatory frameworks
      • 1.3.4.2. Technological Advancements
      • 1.3.4.3. Environmental Considerations
      • 1.3.4.4. Consumer Awareness & Acceptance
  • 1.4. Estimation Methodology
  • 1.5. Years Considered for the Study
  • 1.6. Currency Conversion Rates

Chapter 2. Executive Summary

  • 2.1. Global Petrochemicals Market Size & Forecast (2022- 2032)
  • 2.2. Regional Summary
  • 2.3. Segmental Summary
    • 2.3.1. By Product
  • 2.4. Key Trends
  • 2.5. Recession Impact
  • 2.6. Analyst Recommendation & Conclusion

Chapter 3. Global Petrochemicals Market Dynamics

  • 3.1. Market Drivers
  • 3.2. Market Challenges
  • 3.3. Market Opportunities

Chapter 4. Global Petrochemicals Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model
    • 4.1.7. Porter's 5 Force Impact Analysis
  • 4.2. PESTEL Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
    • 4.2.5. Environmental
    • 4.2.6. Legal
  • 4.3. Top investment opportunity
  • 4.4. Top winning strategies
  • 4.5. Disruptive Trends
  • 4.6. Industry Expert Perspective
  • 4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Petrochemicals Market Size & Forecasts by Product 2022-2032

  • 5.1. Ethylene
  • 5.2. Propylene
  • 5.3. Butadiene
  • 5.4. Benzene
  • 5.5. Xylene
  • 5.6. Toluene
  • 5.7. Methanol

Chapter 6. Global Petrochemicals Market Size & Forecasts by Region 2022-2032

  • 6.1. North America Petrochemicals Market
    • 6.1.1. U.S. Petrochemicals Market
      • 6.1.1.1. Product breakdown size & forecasts, 2022-2032
    • 6.1.2. Canada Petrochemicals Market
  • 6.2. Europe Petrochemicals Market
    • 6.2.1. U.K. Petrochemicals Market
    • 6.2.2. Germany Petrochemicals Market
    • 6.2.3. France Petrochemicals Market
    • 6.2.4. Spain Petrochemicals Market
    • 6.2.5. Italy Petrochemicals Market
    • 6.2.6. Rest of Europe Petrochemicals Market
  • 6.3. Asia-Pacific Petrochemicals Market
    • 6.3.1. China Petrochemicals Market
    • 6.3.2. India Petrochemicals Market
    • 6.3.3. Japan Petrochemicals Market
    • 6.3.4. Australia Petrochemicals Market
    • 6.3.5. South Korea Petrochemicals Market
    • 6.3.6. Rest of Asia Pacific Petrochemicals Market
  • 6.4. Latin America Petrochemicals Market
    • 6.4.1. Brazil Petrochemicals Market
    • 6.4.2. Mexico Petrochemicals Market
    • 6.4.3. Rest of Latin America Petrochemicals Market
  • 6.5. Middle East & Africa Petrochemicals Market
    • 6.5.1. Saudi Arabia Petrochemicals Market
    • 6.5.2. South Africa Petrochemicals Market
    • 6.5.3. Rest of Middle East & Africa Petrochemicals Market

Chapter 7. Competitive Intelligence

  • 7.1. Key Company SWOT Analysis
  • 7.2. Top Market Strategies
  • 7.3. Company Profiles
    • 7.3.1. BASF SE
      • 7.3.1.1. Key Information
      • 7.3.1.2. Overview
      • 7.3.1.3. Financial (Subject to Data Availability)
      • 7.3.1.4. Product Summary
      • 7.3.1.5. Market Strategies
    • 7.3.2. Chevron Corporation
    • 7.3.3. China National Petroleum Corporation (CNPC)
    • 7.3.4. China Petrochemical Corporation
    • 7.3.5. ExxonMobil Corporation
    • 7.3.6. INEOS Group Ltd.
    • 7.3.7. LyondellBasell Industries Holdings B.V.
    • 7.3.8. Royal Dutch Shell PLC
    • 7.3.9. Saudi Basic Industries Corporation (SABIC)
    • 7.3.10. The Dow Chemical Company

Chapter 8. Research Process

  • 8.1. Research Process
    • 8.1.1. Data Mining
    • 8.1.2. Analysis
    • 8.1.3. Market Estimation
    • 8.1.4. Validation
    • 8.1.5. Publishing
  • 8.2. Research Attributes

LIST OF TABLES

  • TABLE 1. Global Petrochemicals Market, report scope
  • TABLE 2. Global Petrochemicals Market estimates & forecasts by Region 2022-2032 (USD Million)
  • TABLE 3. Global Petrochemicals Market estimates & forecasts by Product 2022-2032 (USD Million)
  • TABLE 4. Global Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 5. Global Petrochemicals Market by region, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 6. Global Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 7. Global Petrochemicals Market by region, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 8. Global Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 9. Global Petrochemicals Market by region, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 10. Global Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 11. Global Petrochemicals Market by region, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 12. Global Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 13. Global Petrochemicals Market by region, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 14. U.S. Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 15. U.S. Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 16. U.S. Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 17. Canada Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 18. Canada Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 19. Canada Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 20. UK Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 21. UK Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 22. UK Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 23. Germany Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 24. Germany Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 25. Germany Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 26. France Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 27. France Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 28. France Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 29. Italy Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 30. Italy Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 31. Italy Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 32. Spain Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 33. Spain Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 34. Spain Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 35. RoE Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 36. RoE Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 37. RoE Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 38. China Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 39. China Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 40. China Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 41. India Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 42. India Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 43. India Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 44. Japan Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 45. Japan Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 46. Japan Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 47. Australia Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 48. Australia Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 49. Australia Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 50. South Korea Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 51. South Korea Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 52. South Korea Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 54. RoAPAC Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 55. RoAPAC Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 56. RoAPAC Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 57. Brazil Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 58. Brazil Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 59. Brazil Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 60. Mexico Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 61. Mexico Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 62. Mexico Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 63. RoLA Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 64. RoLA Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 65. RoLA Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 66. Saudi Arabia Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 67. Saudi Arabia Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 68. Saudi Arabia Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 69. South Africa Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 71. South Africa Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 72. South Africa Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 73. RoMEA Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 74. RoMEA Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 75. RoMEA Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 76. List of secondary sources, used in the study of Global Petrochemicals Market.
  • TABLE 77. List of primary sources, used in the study of Global Petrochemicals Market.
  • TABLE 78. Years considered for the study.
  • TABLE 79. Exchange rates considered.

LIST OF FIGURES

  • FIG 1. Global Petrochemicals Market, research methodology
  • FIG 2. Global Petrochemicals Market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods.
  • FIG 4. Global Petrochemicals Market, key trends 2023
  • FIG 5. Global Petrochemicals Market, growth prospects 2022-2032
  • FIG 6. Global Petrochemicals Market, porters 5 force model
  • FIG 7. Global Petrochemicals Market, pestel analysis
  • FIG 8. Global Petrochemicals Market, value chain analysis
  • FIG 9. Global Petrochemicals Market by segment, 2022 & 2032 (USD Million)
  • FIG 10. Global Petrochemicals Market by segment, 2022 & 2032 (USD Million)
  • FIG 11. Global Petrochemicals Market by segment, 2022 & 2032 (USD Million)
  • FIG 12. Global Petrochemicals Market by segment, 2022 & 2032 (USD Million)
  • FIG 13. Global Petrochemicals Market by segment, 2022 & 2032 (USD Million)
  • FIG 14. Global Petrochemicals Market, regional snapshot 2022 & 2032
  • FIG 15. North America Petrochemicals Market 2022 & 2032 (USD Million)
  • FIG 16. Europe Petrochemicals Market 2022 & 2032 (USD Million)
  • FIG 17. Asia pacific Petrochemicals Market 2022 & 2032 (USD Million)
  • FIG 18. Latin America Petrochemicals Market 2022 & 2032 (USD Million)
  • FIG 19. Middle East & Africa Petrochemicals Market 2022 & 2032 (USD Million)
  • FIG 20. Global Petrochemicals Market, company market share analysis (2023)
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