Petrochemical
Market strategic research study offers company accounts, industry investors,
and industry members with consequential insights to enable them to make
reliable strategic decisions regarding the opportunities in the global market.
Petrochemical Market
research report offers detail overview of industry with all the requisite data
to support tactical business decisions and come up with strategic growth plans.
This study also proposes a comprehensive insight into the development policies
and plans in addition to manufacturing processes and cost structures.
KEY BENEFITS
1. Petrochemical market analysis based on
current industry scenario and expected future trends to enable stakeholders
take strategic decisions.
2. Analysis of the factors impacting the Petrochemical
market to understand business opportunities.
3. Identification of key investment pockets
for various applications, type and geographies.
4. Identification of the Petrochemical market
top key players and their strategic moves.
5. Evaluation of Petrochemical market trends
to provide deep-dive intelligence into every market segment.
6. Competitive analysis to effectively plan
and execute a business plan.
7. Petrochemical market micro-level analysis
based on application, types, and geography.
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The global petrochemical
market was valued at USD 419.4 billion in 2015. Rise in demand of petrochemical
from end use industries such as consumer goods and manufacturing along with
favourable government regulations specifically in Asia Pacific is expected to
fuel the market growth over the forecast period.
Petrochemicals are
important to products used in day to day life. Petrochemicals are mainly
utilized as chemical building blocks in a lot of materials and applications.
Propylene, ethylene, benzene are widely used in various end use industries such
as plastics, rubber, electronics and packaging.Major industries such as
automobiles, chemicals, textile and packaging have shifted their manufacturing
base from western countries to countries in Asia Pacific such as India, China,
Thailand and Indonesia owing to low labour cost and favourable government
regulations. This is expected to drive growth for the market.
Large amount of money spent
on construction in Asia Pacific region for developing commercial and
residential building is projected to drive growth for the industry. Product
applications in construction industry include manufacturing of adhesive,
concrete, fibres, resins and plastics. These materials require products such as
polyurethane, polyethylene, methanol and styrene. Moreover, with high
construction spending particularly in emerging markets of Latin America and
Asia Pacific for building non-residential buildings such as institutions and
offices are expected to fuel growth over the forecast period. Rise in demand of
derived products such as insulation materials and synthetic rubber owing to
properties such as durability, flexibility, light weight and strength are
expected to drive growth for the industry. Insulation materials are made up of
polyethylene and polyurethane and are used in fuel tank manufacturing.
Synthetic rubber is used in tire manufacturing.
Furthermore, with capacity
additions made in Middle Eastern countries such as UAE and Saudi Arabia, the
region is expected to cater to rising demand for petrochemicals emerging from
regions such as Asia Pacific. Middle Eastern countries benefit from low
feedstock prices used for production. India and China due to its proximity to
Middle East and relatively subsidized price of feedstock, import nearly 70% of
their total demand from these countries. However, with the shift in preference
towards bio-based chemicals along with strict government regulations is
projected to hinder market growth. With rise in shale gas exploration in countries
such as China, Canada and US is projected to provide lucrative opportunities to
industry players.
Market Segmentation
Global petrochemicals
outlook by product (Volume, Million Tons; Revenue, USD Billion; 2014 - 2025)
• Ethylene
• Propylene
• Butadiene
• Benzene
• Xylene
• Toluene
• Vinyls
• Styrene
• Methanol
Petrochemicals outlook by
region (Volume, Million Tons; Revenue, USD Billion; 2014 - 2025)
•
North America
• Europe
• Asia Pacific
• Rest of Asia
• Middle East
• Africa
• Latin America
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