PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1513472
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1513472
US Petrochemicals Market Size study, by Product (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Methanol) Forecasts 2022-2032
US Petrochemicals Market is valued approximately USD 109.67 million in 2023 and is anticipated to grow with a healthy growth rate of more than 7.19% over the forecast period 2024-2032. Petrochemicals are chemical compounds derived from crude oil, coal, and natural gas, including aliphatic, aromatic, and naphthenic organic chemicals. They play a vital role in producing a range of goods such as chemicals, plastics, and synthetic materials, which are increasingly popular across industries such as packaging, electronics, construction, and automotive manufacturing. The rapid expansion of ethylene and polyethylene capacity is a key trend that is supporting the growth of the US Petrochemicals Market. The US has witnessed a substantial increase in its capacity to produce ethylene and polyethylene due to the availability of shale gas and the increasing need for plastics in several industries, including packaging, construction, and automotive.
The petrochemicals market in the United States is propelled by a multitude of key driving factors owing to the abundant availability of feedstock, particularly shale gas and natural gas liquids sourced from shale formations. Constant improvements in petrochemical technology allow for increased productivity and a wider range of products. A major growth driver is the robust demand from a variety of industries, including consumer products, construction, automotive, and plastics. For example, plastics are increasingly used in packaging and automobile manufacture. Investment programs aimed at infrastructure development, such as the construction and expansion of factories, which is supporting the market expansion during the estimated period of 2024-2032. The industry's cost advantage is further reinforced by the favorable energy pricing environment, which is influenced by low natural gas costs as a result of shale gas availability. The US petrochemicals market is a key participant in the worldwide arena due to a variety of factors that influence its landscape, including regulatory frameworks, global market dynamics, innovation in sustainable practices, and market competitiveness. However, adverse impacts from petrochemical products and the fluctuating prices of raw materials are impeding market growth between 2022 and 2032.
Major market player included in this report are:
- Chevron Corporation
- LyondellBasell Industries Holdings B.V.
- Dow Chemical Company
- Company 4
- Company 5
- Company 6
- Company 7
- Company 8
- Company 9
- Company 10
The detailed segments and sub-segment of the market are explained below:
By Product
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
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 Country 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. US 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. US Petrochemicals Market Size & Forecast (2022- 2032)
- 2.2. Segmental Summary
- 2.2.1. By Product
- 2.3. Key Trends
- 2.4. Recession Impact
- 2.5. Analyst Recommendation & Conclusion
Chapter 3. US Petrochemicals Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
Chapter 4. US 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. US 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. Competitive Intelligence
- 6.1. Key Company SWOT Analysis
- 6.2. Top Market Strategies
- 6.3. Company Profiles
- 6.3.1. Chevron Corporation
- 6.3.1.1. Key Information
- 6.3.1.2. Overview
- 6.3.1.3. Financial (Subject to Data Availability)
- 6.3.1.4. Product Summary
- 6.3.1.5. Market Strategies
- 6.3.2. LyondellBasell Industries Holdings B.V.
- 6.3.3. Dow Chemical Company
- 6.3.1. Chevron Corporation
Chapter 7. Research Process
- 7.1. Research Process
- 7.1.1. Data Mining
- 7.1.2. Analysis
- 7.1.3. Market Estimation
- 7.1.4. Validation
- 7.1.5. Publishing
- 7.2. Research Attributes
LIST OF TABLES
- TABLE 1. US Petrochemicals Market, report scope
- TABLE 2. US Petrochemicals Market estimates & forecasts by Product 2022-2032 (USD Million)
- TABLE 3. US Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
- TABLE 4. US Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
- TABLE 5. US Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
- TABLE 6. US Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
- TABLE 7. US Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
- TABLE 8. U.S. Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
- TABLE 9. U.S. Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
- TABLE 10. U.S. Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
- TABLE 11. List of secondary sources, used in the study of US Petrochemicals Market.
- TABLE 12. List of primary sources, used in the study of US Petrochemicals Market.
- TABLE 13. Years considered for the study.
- TABLE 14. Exchange rates considered.
LIST OF FIGURES
- FIG 1. US Petrochemicals Market, research methodology
- FIG 2. US Petrochemicals Market, market estimation techniques
- FIG 3. US market size estimates & forecast methods.
- FIG 4. US Petrochemicals Market, key trends 2023
- FIG 5. US Petrochemicals Market, growth prospects 2022-2032
- FIG 6. US Petrochemicals Market, porters 5 force model
- FIG 7. US Petrochemicals Market, pestel analysis
- FIG 8. US Petrochemicals Market, value chain analysis
- FIG 9. US Petrochemicals Market by segment, 2022 & 2032 (USD Million)
- FIG 10. US Petrochemicals Market by segment, 2022 & 2032 (USD Million)
- FIG 11. US Petrochemicals Market by segment, 2022 & 2032 (USD Million)
- FIG 12. US Petrochemicals Market by segment, 2022 & 2032 (USD Million)
- FIG 13. US Petrochemicals Market by segment, 2022 & 2032 (USD Million)
- FIG 14. US Petrochemicals Market, company market share analysis (2023)
