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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1513474

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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1513474

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

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Asia Pacific Petrochemicals Market is valued approximately USD 315.83 million in 2023 and is anticipated to grow with a healthy growth rate of more than 7.76% over the forecast period 2024-2032. Petrochemicals are referred to as chemical compounds derived from natural gas, coal, and crude oil. These compounds include organic molecules that are naphthenic, aromatic, and aliphatic. They are necessary for the manufacturing of many different products, including synthetic materials, polymers, and chemicals. These products are becoming increasingly popular in a variety of industries, including the packaging, electronics, building, and automotive sectors. The growing emphasis on circular economy is a key trend that is supporting the growth of the Asia Pacific Petrochemicals Market. Circular economy projects have prompted by a growing awareness of environmental sustainability. Companies are working with stakeholders, investing in recycling infrastructure and circular product design to increase resource efficiency and minimize waste.

The increasing urbanization, industrialization, and surge in demand for consumer goods in the region is exhibiting a positive influence on the growth of the market. The main factors driving the expansion is the increased need for downstream goods from a variety of end-use sectors. The Asia-Pacific region, particularly China, India, and Southeast Asian countries, is experiencing rapid industrialization and urbanization. This growth is driving substantial demand for petrochemical products across various sectors, including construction, automotive, packaging, and consumer goods. Also, some governments in the Asia Pacific region offer incentives and create a business-friendly environment to attract petrochemical investments, boosting production capacity. Moreover, 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. However, the adverse impacts of petrochemical products and the fluctuating prices of raw materials are posing challenges to Asia Pacific Petrochemicals Market growth from 2022 to 2032.

The key Countries considered for the Asia Pacific Petrochemicals Market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market with the highest number of market shares. China is actively promoting domestic research and development in the petrochemical industry to achieve technological self-reliance and become a global leader in innovation. China benefits from abundant domestic feedstock resources, including crude oil, natural gas, and coal, ensuring a steady supply of raw materials for petrochemical production and bolstering market growth. Moreover, the regional government actively supports the petrochemical industry through favorable policies, subsidies, and investments in infrastructure development. This fosters domestic production capacity and strengthens China's position in the regional market. Whereas, the market in India is expected to develop at the fastest rate over the forecast period.

Major market player included in this report are:

  • China National Petroleum Corporation (CNPC)
  • China Petrochemical Corporation
  • LG Chem Ltd
  • 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

By Region:

  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC

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. Asia Pacific 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. Asia Pacific 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. Asia Pacific Petrochemicals Market Dynamics

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

Chapter 4. Asia Pacific 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. Asia Pacific 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. Asia Pacific Petrochemicals Market Size & Forecasts by Country 2022-2032

  • 6.1. China Petrochemicals Market
    • 6.1.1. Product breakdown size & forecasts, 2022-2032
  • 6.2. India Petrochemicals Market
  • 6.3. Japan Petrochemicals Market
  • 6.4. Australia Petrochemicals Market
  • 6.5. South Korea Petrochemicals Market
  • 6.6. Rest of Asia Pacific Petrochemicals Market

Chapter 7. Competitive Intelligence

  • 7.1. Key Company SWOT Analysis
  • 7.2. Top Market Strategies
  • 7.3. Company Profiles
    • 7.3.1. China National Petroleum Corporation (CNPC)
      • 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. China Petrochemical Corporation
    • 7.3.3. LG Chem Ltd

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. Asia Pacific Petrochemicals Market, report scope
  • TABLE 2. Asia Pacific Petrochemicals Market estimates & forecasts by Country 2022-2032 (USD Million)
  • TABLE 3. Asia Pacific Petrochemicals Market estimates & forecasts by Product 2022-2032 (USD Million)
  • TABLE 4. Asia Pacific Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 5. Asia Pacific Petrochemicals Market by country, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 6. Asia Pacific Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 7. Asia Pacific Petrochemicals Market by country, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 8. Asia Pacific Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 9. Asia Pacific Petrochemicals Market by country, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 10. Asia Pacific Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 11. Asia Pacific Petrochemicals Market by country, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 12. Asia Pacific Petrochemicals Market by segment, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 13. Asia Pacific Petrochemicals Market by country, estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 14. China Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 15. China Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 16. China Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 17. India Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 18. India Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 19. India Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 20. Japan Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 21. Japan Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 22. Japan Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 23. Australia Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 24. Australia Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 25. Australia Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 26. South Korea Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 27. South Korea Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 28. South Korea Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 30. RoAPAC Petrochemicals Market estimates & forecasts, 2022-2032 (USD Million)
  • TABLE 31. RoAPAC Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 32. RoAPAC Petrochemicals Market estimates & forecasts by segment 2022-2032 (USD Million)
  • TABLE 33. List of secondary sources, used in the study of Asia Pacific Petrochemicals Market.
  • TABLE 34. List of primary sources, used in the study of Asia Pacific Petrochemicals Market.
  • TABLE 35. Years considered for the study.
  • TABLE 36. Exchange rates considered.

LIST OF FIGURES

  • FIG 1. Asia Pacific Petrochemicals Market, research methodology
  • FIG 2. Asia Pacific Petrochemicals Market, market estimation techniques
  • FIG 3. Asia Pacific market size estimates & forecast methods.
  • FIG 4. Asia Pacific Petrochemicals Market, key trends 2023
  • FIG 5. Asia Pacific Petrochemicals Market, growth prospects 2022-2032
  • FIG 6. Asia Pacific Petrochemicals Market, porters 5 force model
  • FIG 7. Asia Pacific Petrochemicals Market, pestel analysis
  • FIG 8. Asia Pacific Petrochemicals Market, value chain analysis
  • FIG 9. Asia Pacific Petrochemicals Market by segment, 2022 & 2032 (USD Million)
  • FIG 10. Asia Pacific Petrochemicals Market by segment, 2022 & 2032 (USD Million)
  • FIG 11. Asia Pacific Petrochemicals Market by segment, 2022 & 2032 (USD Million)
  • FIG 12. Asia Pacific Petrochemicals Market by segment, 2022 & 2032 (USD Million)
  • FIG 13. Asia Pacific Petrochemicals Market by segment, 2022 & 2032 (USD Million)
  • FIG 14. Asia Pacific Petrochemicals Market, Country snapshot 2022 & 2032
  • FIG 15. Asia pacific Petrochemicals Market 2022 & 2032 (USD Million)
  • FIG 16. Asia Pacific Petrochemicals Market, company market share analysis (2023)
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