Petrochemicals Market Scope And Analysis

Report Code : TIPRE00008125
Category : Chemicals and Materials

Status : Published
No. of Pages : 231

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Petrochemicals Market Size and Scope by 2031

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Petrochemicals Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 457.57 Billion
Market Size by 2031	US$ 685.01 Billion
Global CAGR (2023 - 2031)	5.2%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Ethylene Benzene Propylene Xylene By Application Polymers Paints and Coatings Solvent Rubber Adhesives Surfactants By End-use Industry Packaging Automotive Construction Electrical and Electronics Healthcare Agriculture Aerospace and Defense
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Shell International BV China Petroleum Corporation LyondellBasell Industries Holdings BV Chevron Phillips Chemical Company LLC SABIC BASF SE BP Plc INEOS DOW Inc Mitsubishi Chemical Corp

Petrochemicals Market News and Recent Developments

The petrochemicals market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the petrochemicals market are listed below:

Shell Deutschland GmbH has taken a final investment decision (FID) to convert the hydrocracker of the Wesseling site at the Energy and Chemicals Park Rheinland into a production unit for Group III base oils, used in making high-quality lubricants such as engine and transmission oils. Crude oil processing will be completed at the Wesseling site by 2025 but will continue at the Godorf site. (Source: Shell Deutschland GmbH, Press Release, January 2024)
A joint venture between SABIC and Fujian Energy and Petrochemical Group Co. Ltd. (Fujian Energy Petrochemical) held a groundbreaking ceremony to mark the start of the full execution and construction phase of the SABIC Fujian Petrochemical Complex (Sino-Saudi Gulei Ethylene Complex Project) in Fujian Province, China. (Source: SABIC, Press Release, February 2024)
In line with its customer-focused corporate strategy, BASF has expanded capacities for ethylene oxide and ethylene oxide derivatives at its Verbund site in Antwerp, Belgium. (Source: BASF SE, Press Release, October 2023)

Petrochemicals Market Report Coverage and Deliverables

The “Petrochemicals Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Petrochemicals market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Petrochemicals market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed Porter’s Five Forces and SWOT analysis
Petrochemicals market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the petrochemicals market
Detailed company profiles
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles