Global Petrochemicals Market Forecast 2015-2025
Posted by Sonika on January 23rd, 2021
Bharat Book Bureau Provides the Trending Market Research Report on “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, Automotive and Consumer Durables, Pharmaceutical and Agrochemicals and Others), By Region, By Company Competition, Forecast & Opportunities, 2015-2025 ”under Chemical & Materials Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
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.
On the basis of type, C2 & C3 derivatives cumulatively held more than 48% of the global petrochemicals demand share in 2019. The sectoral demand is likely to trigger tremendous growth in the global petrochemicals industry due to their growing consumption across engineered plastics, medical plastics, packaging films and many other end-use industries, backed by intensive research & development initiatives by leading manufacturers across the globe.
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Key Target Audience
• Petrochemicals manufacturers and other stakeholders
• Organizations, forums and alliances related to Petrochemicals distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Petrochemicals manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the Global Petrochemicals market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Type : C1 Derivatives, C2 Derivatives, C3 Derivatives, C4 Derivatives, Aromatics, Others
• Market, by End Use : Packaging and Construction, Fuel and Fuel Additives, Automotive and Consumer Durables, Pharmaceutical and Agrochemicals and Others
• Market, by Region : North America, APAC, Europe, MEA, South America
Market, by Region
• North America : United States, Mexico, Canada
• APAC : China, India, Japan, South Korea, Taiwan, Australia, Thailand
• Europe : Germany, France, United Kingdom, Spain, Italy
• MEA : Saudi Arabia, UAE, Iran, South Africa
• South America : Brazil, Argentina, Colombia
Competitive Landscape
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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https://www.bharatbook.com/marketreports/global-petrochemicals-market-by-type-c1-derivatives-c2-derivatives-c3-derivatives-c4-derivatives-aromatics-others/2303119
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