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Petrochemicals Market : A Big Opportunity For Global Investors

Petrochemicals Market

Petrochemicals Market to 2027 - Global Analysis and Forecasts by Type (Benzene, Xylene, Ethylene, Propylene, Styrene, Others); Application (Polymer, Paints and Coatings, Solvent, Rubber, Adhesives, Surfactants, Others); End-Use Industries (Packaging, Automotive, Construction, Electrical and Electronics, Healthcare) and Geography

Petrochemicals are obtained from petroleum through refining process. Some other chemical compounds prepared from petroleum can also be obtained from other fossil fuels, including coal or natural gas and renewable sources such as maize, palm fruit, and sugar cane.

Highly available petrochemicals in the market are olefins (ethylene and propylene) and aromatics (benzene, toluene, and xylene isomers). Olefins and aromatics are the building-blocks for a wide range of materials including solvents, detergents, and adhesives.

Olefins are used as a base for polymers and oligomers, which are used in plastics, resins, fibers, elastomers, lubricants, and gels.

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Key Companies Analyzed in this Report are: 

BASF SE, British Petroleum Plc, Chevron Corporation, China National Petroleum Corporation, China National Petroleum Corporation, DuPont de Nemours, Inc., ExxonMobil Corporation, INEOS Group Ltd., Royal Dutch Shell PLC, The Dow Chemical Company

The petrochemicals market has witnessed a significant growth owing to factors such as wider application of petrochemicals in packaging, automotive, construction, electrical & electronics, and helthcare industries. Many polymers are used in the manufacturing of different types of plastic components, which finds applicationsin the automotive industries.

This factor is driving the market for petrochemicals.

Furthermore, increasing use of polymeric resins in the manufacturing of automotive components is expected to fuel the demand for polymers, which in turn will influence the market growth of petrochemicals.

However, fluctuating prices of raw materials can be a challenge to the growth of this market. On the contrary, steady growth in the automotive, chemical, and construction industry will provide the opportunity for the market players to invest in the petrochemicals market.

This report contains:

  • Market sizing for the global Petrochemicals
  • Compare major  Petrochemicals providers strategies and approaches to the challenges they face
  • Analysis of the effects deglobalisation trends may have for Petrochemicals providers
  • Profiles of major Petrochemicals providers
  • 7-year CAGR forecasts for  Petrochemicals -intensive vertical sectors

The global petrochemicals market is segmented on the basis of type, application, and end-use industries. On the basis of type, the petrochemicals market is segmented into benzene, xylene, ethylene, propylene, styrene, and others.

The petrochemicals market on the basis of the application is classified into polymer, paints and coatings, solvent, rubber, adhesives, surfactants, and others. Based on end-use industries, petrochemicals market is bifurcated into packaging, automotive, construction, electrical and electronics, and healthcare.

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Key Benefits

  • This report provides a detailed study of Petrochemicals market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
  • In-depth coverage of the global Petrochemicals market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
  • This study further includes market analysis in terms of type and applications.
  • Detailed study of the strategies of key leaders, partnerships, and acquisitions in the Petrochemicals market is provided.

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