Global Petrochemicals Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026

The report on the Global Petrochemicals Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.

Petrochemicals are petroleum by-products of oil or natural gas derived from cracking (pyrolysis) or chemical processing. This chemical compound is obtained from fossil fuels, like coal, natural gas, or from renewable sources like corn or sugarcane. Petrochemical derivatives such as acetylene, benzene, ethane, ethylene, methane, propane, and hydrogen are precursors for many other chemicals compounds. These derivatives are widely applied in production of elastomers, fibers, plasticizers, etc. High investments and volatile prices had adverse effect on the petrochemical industrial performance. However, the market is growing owing to demand from downstream requirements. 

Drivers
Low labor cost in many regions such as Asia-pacific
Increasing construction market growth
Increased demand for lightweight and flexible materials 

Restraints
Availability of bio based alternatives
Price instability  

Report includes a detailed analysis on value chain in order to provide a holistic view of the petrochemicals market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the petrochemicals industry, from raw material suppliers to end-users. 

Petrochemicals market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.

The petrochemicals market has further been segmented based on products such as ethylene, propylene, benzene, ethyl benzene, styrene, toluene, cumene and butadiene. The study provides forecast and estimates market for each product in terms of revenue and volume during the forecast period from 2019 to 2026. Each product has been further analyzed based on regional and country levels from 2019 to 2026 in terms of volume and revenue.

The petrochemicals market has been segmented based on applications such as lubricants, additives, catalysts, marine fuel oil and petroleum refining. The study provides forecast and estimates market for each application in terms of revenue and volume during the forecast period from 2019 to 2026. Each application has been further analyzed based on regional and country levels from 2019 to 2026 in terms of volume and revenue.

In terms of geography, the petrochemicals market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.

The report also offers a competitive landscape of the overall market with company profiles of players such as:

• Chevron Phillips Chemical Company LLC
• BASF SE
• ExxonMobil
• The Dow Chemical Company
• Shell Chemical Company
• Sumitomo Chemical Co. Ltd.
• SABIC
• Sinopec Limited
• Lyondell Basell Industries
• Total S.A.
• E. I. du Pont de Nemours and Company

A detailed description of the each company has been included and includes information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of market players. The report also provides petrochemicals market's mergers/acquisitions, partnerships, collaborations, new product launches, new product developments and other industry developments. 

METHODOLOGY:
Combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific Details on methodology used for this report can be provided on demand. 

SEGMENTATIONS IN REPORT: 
Petrochemicals By Product:

• Ethylene
• Propylene
• Benzene
• Ethyl Benzene
• Styrene
• Toluene
• Cumene
• Butadiene

Petrochemicals By Applications:

• Lubricants
• Additives
• Catalysts
• Marine Fuel Oil
• Petroleum Refining

Petrochemicals By Geography:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East And Africa