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Petrochemicals Market 2021 Size Growing Rapidly, Report Includes Market Dynamics, Key Opportunities and Forecast 2027

Market Research Engine has published a new report titled asPetrochemicals Market Size by Type (Ethylene, Propylene, Butadiene, Benzene, Toluene, Xylene, Methanol), By Application (Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants, Dyes), By End-Use Industry (Packaging, Automotive & Transportation, Construction, Electrical & Electronics, Healthcare), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2027.”

The global Petrochemicals market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Petrochemicals market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

The Petrochemicals Market is expected to be around US$ 671.89 Billion by 2027 at a CAGR of 5.3% in the given forecast period

Browse Full Report: https://www.marketresearchengine.com/petrochemicals-market

Petrochemicals are the chemical products found from petroleum by refining. Some chemical compounds made from petroleum are also got from other fossil fuels, such as coal or natural gas, or renewable sources such as palm fruit or sugar cane and maize. The petrochemicals industry sources raw materials from purifying and gas-processing and translates these raw materials into valuable products using a variation of chemical process technologies. The petrochemicals market has witnessed an exponential development over the past few decades, owing to the growing demand from a range of end-use industries, including food & beverage, electrical & electronics, healthcare, aerospace, building & construction, agriculture, and automotive. Nevertheless, in the current scenario, the mounting environmental concerns revolving around the manufacture of petrochemicals has played a key role in transforming some manufacturing processes and other processes that primarily contribute to climate change. However, with growing concerns pertaining to the use of plastic and its environmental effect, the demand for plastic products in numerous core industrial sectors has declined consistently. Thus, the development of the global petrochemicals market is likely to slow down in the second half of the forecast period.

The global Petrochemicals market is segregated on the basis of Type as Ethylene, Propylene, Butadiene, Benzene, Toluene, Xylene, Methanol, and Others. Based on Application the global Petrochemicals market is segmented in Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants, Dyes, and Others. Based on End-Use Industry the global Petrochemicals market is segmented in Packaging, Automotive & Transportation, Construction, Electrical & Electronics, Healthcare, and Others.

Competitive Rivalry

BASF SE (Germany), SABIC (Saudi Arabia), LyondellBasell Industries Holdings B.V. (The Netherlands), TOTAL (France), Indian Oil Corporation Limited (India), Chevron Phillips Chemical Company (US), BP PLC (UK), Sumitomo Chemical Company (Japan), Reliance Industries Limited (India), China National Petroleum Corporation (China), and others are among the major players in the global Petrochemicals market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Petrochemicals Market has been segmented as below:

Petrochemicals Market, By Type

  • Ethylene
  • Propylene
  • Butadiene
  • Benzene
  • Toluene
  • Xylene
  • Methanol
  • Others

Petrochemicals Market, By Application

  • Polymers
  • Paints and Coatings
  • Solvents
  • Rubber
  • Adhesives and Sealants
  • Surfactants
  • Dyes
  • Others

Petrochemicals Market, By End-Use Industry

  • Packaging
  • Automotive & Transportation
  • Construction
  • Electrical & Electronics
  • Healthcare
  • Others

Petrochemicals Market, By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Petrochemicals Market, By Company

  • BASF SE
  • SABIC (Saudi Arabia)
  • LyondellBasell Industries Holdings B.V.
  • TOTAL
  • Indian Oil Corporation Limited
  • Chevron Phillips Chemical Company
  • BP PLC
  • Sumitomo Chemical Company
  • Reliance Industries Limited
  • China National Petroleum Corporation

The report covers:

  • Global Petrochemicals market sizes from 2021 to 2027, along with CAGR for 2021-2026
  • Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2021 to 2027
  • Global Petrochemicals market trends, covering comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Petrochemicals market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
  • Comprehensive company profiles of the key industry players

Report Scope:

The global Petrochemicals market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Petrochemicals market share. Major industry players with significant revenue share include BASF SE (Germany), SABIC (Saudi Arabia), LyondellBasell Industries Holdings B.V. (The Netherlands), TOTAL (France), Indian Oil Corporation Limited (India), Chevron Phillips Chemical Company (US), BP PLC (UK), Sumitomo Chemical Company (Japan), Reliance Industries Limited (India), China National Petroleum Corporation (China), and others.

Reasons to Buy this Report:

  • Gain detailed insights on the Petrochemicals industry trends
  • Find complete analysis on the market status
  • Identify the Petrochemicals market opportunities and growth segments
  • Analyse competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Customization

Customized report as per the requirement can be offered with appropriate recommendations

Request Sample Report from here: https://www.marketresearchengine.com/petrochemicals-market

Table of Contents:

  1.  Introduction
    1.1.    Key Points
    1.2.    Report Description
    1.3.    Markets Covered
    1.4.    Stakeholders
    2.    Research Methodology
    3.    Executive Summary
    4.    Market Overview

    5.    Petrochemicals Market, By Type
    6.    Petrochemicals Market, By Application
    7.    Petrochemicals Market, By End-Use Industry
    8.    Competitive Landscape
    9.    Company Profiles
    9.1 BASF SE
    9.2 SABIC
    9.3 LyondellBasell Industries Holdings B.V.
    9.4 TOTAL
    9.5 Indian Oil Corporation Limited
    9.6 BP PLC
    9.7 Sumitomo Chemical Company
    9.8 Reliance Industries Limited
    9.9 China National Petroleum Corporation
    9.10 Chevron Phillips Chemical Company

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