Petrochemicals

The organic hydrocarbons derived from crude oil and natural gas is called petrochemicals. Some of the products made from petrochemicals are plastics, soaps, detergents, solvents (e.g. paint thinner), paints, drugs, fertilizer, pesticides, explosives, synthetic fibres and rubbers, flooring and insulating materials, aspirin, cars, clothing, compact discs, video tapes, electronic equipment, furniture etc.

Petrochemicals feedstock is broadly segmented as:

• Olefins - Unsaturated aliphatic hydrocarbons having the general formula CnH2n. Olefins contain one or more double bonds, which make them chemically reactive -Ethylene, propylene, and butadiene. 
• Aromatics - are unsaturated cyclic hydrocarbons containing one or more rings -benzene, toluene, and xylenes.
• Synthesis gas- is a mixture of carbon monoxide and hydrogen and is used to make ammonia and methanol.

A boom in construction, packaging, transportation, textile, plastics, and healthcare industries ensures high growth in the petrochemical industry. Political initiatives, increasing population, economic growth and reserves of crude oil and natural gas will be the key drivers of petrochemicals growth in Asia – Pacific and Middle East region. The discovery of unconventional gases such as shale gas as petrochemical feedstock opens up new opportunity in the future market.

The key challenge for the industry is the growing environmental concerns with the production methods and usage of various petrochemicals. Major players in petrochemical manufacturing are BASF, Dow Chemical, ExxonMobil Chemical, INEOS, DuPont, Chevron Phillips etc.

The research reports and profiles listed in this category provide extensive range of market conditions, product trends, market data and analysis.

Decision Databases is involved in providing research reports and company profiles in the global petrochemicals market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The petrochemicals market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our reports.