Global Petrochemicals Market to 2025 - by Type, End-use and Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Petrochemicals Market: By Type (C1 Derivatives, C2 Derivatives, C3 Derivatives, C4 Derivatives, Aromatics, Others), By End Use (Packaging and Construction, Fuel and Fuel Additives, and Others), By Region, By Company Competition, Forecast & Opportunities, 2015-2025" report has been added to ResearchAndMarkets.com's offering.

The Global Petrochemicals Market has witnessed healthy growth between 2015-2019 and is estimated to grow at a CAGR of 4.80% during the forecast period.

Growing penetration of petrochemical products across plethora of end-use industries such as packaging, automotive, consumer durables, textile and construction sectors is expected to drive the petrochemicals market growth until 2025.

Petrochemicals are omnipresent, with their usage increasing across our countless, daily life applications. Increasing demand for Methanol (obtained from C1 stream) for industrial applications like manufacturing formaldehyde, API formulations, dyes & intermediates, agrochemicals etc., and its growing adoption as a clean-burning fuel in transports is likely to spur the global petrochemicals demand in the forecast period. Growing demand for petrochemical products used in plastic packaging for food and other commercial products such as Polyethylene (C2 stream) and Polystyrene (aromatics) due to their inexpensive, lightweight and high-performance characteristics is expected to propel the market growth in the coming years.

Excellent barrier properties which allow food to remain fresh for longer durations are expanding the scope of polyethylene plastics over other packaging materials, thereby increasing the petrochemicals consumption across the globe. Moreover, with major economies across the globe making hefty investments to support their passenger and commercial automotive manufacturing, the global demand for rubber tyres, mainly derived from the petrochemical Butadiene (an output from C4 stream) is anticipated to improve in the forecast period. An additional market driver is the growing consumption of petrochemicals-based laundry detergents and textile fibers with ever changing consumer preferences. Supported with growing manufacturing of Benzene-based derivatives, the demand outlook of the industry is likely to turn bullish in the upcoming years.

The outbreak of the COVID-19 dented the global petrochemicals industry, rendering the global industrial production to remain at standstill during Q2 and Q3 2020. The biggest impact was on demand of downstream derivatives such as clothing and automotive which crashed to historic lows in short term. Unprecedented crash in upstream crude oil as an outcome of the historic oil-price war further hurt the overall refinery run rates. However, soaring demand for personal hygiene products which increased consumer focus over C3 derivative polymers for manufacturing masks, PPE kits and disposable items, kept the sentiments uplifted. In longer terms, it is anticipated that spurt in the global petrochemicals demand as several economies ramp up their refining capacities and invest on latest manufacturing technologies would further accelerate the market growth in the forecast period.

Companies Mentioned

• BASF SE
• Mitsubishi Chemical Holdings
• Lotte Chemical
• Formosa Plastics Corporation
• China Petroleum & Chemical Corporation (Sinopec)
• INEOS
• The DOW Chemical Company
• LyondellBasell Industries N.V
• SABIC
• Reliance Industries Ltd.

Objective of the Study:

• The primary objective of the study was to evaluate and forecast Petrochemicals capacity, production, demand, inventory, and demand-supply gap globally.
• To categorize Petrochemicals demand based on type, end-use, region and company share.
• To evaluate and forecast Petrochemicals pricing globally.
• To identify and profile major companies operating in the Global Petrochemicals market.
• To identify dominant region or segment in the Global Petrochemicals market.
• To identify drivers and challenges for the Global Petrochemicals market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Global Petrochemicals Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value & Volume

4.2. Market Share & Forecast

4.2.1. By Type (C1, C2, C3, C4, Aromatics, Others)

4.2.2. By End Use (Packaging & Construction, Pharmaceutical & Agrochemicals, Fuel & Fuel Additives, Automotive & Consumer Durables, Others)

4.2.3. By Company (2019)

4.2.4. By Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa)

4.3. Product Map

5. Asia-Pacific Petrochemicals Market Outlook

6. Europe Petrochemicals Market Outlook

7. North America Petrochemicals Market Outlook

8. South America Market Outlook

9. Middle East & Africa Petrochemicals Market Outlook

10. Market Dynamics

11. Market Trends & Developments

12. Competitive Landscape

13. Strategic Recommendations

14. About the Publisher & Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/a593ak

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