Petrochemicals Market Size Worth US$ 930.72 Billion by 2030 at 6.1% CAGR, COVID-19 Impact and Global Analysis by Emergen Research

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Petrochemicals Market Size Worth US$ 930.72 Billion by 2030 at 6.1% CAGR, COVID-19 Impact and Global Analysis by Emergen Research

September 15
16:20 2022
Petrochemicals Market Size Worth US$ 930.72 Billion by 2030 at 6.1% CAGR, COVID-19 Impact and Global Analysis by Emergen Research
Petrochemicals Market | Emergen Research
Rising demand for petrochemicals in automotive, and pharmaceuticals industries is a key factor driving petrochemicals market revenue growth

The global petrochemicals market size reached USD 547.26 Billion in 2021 and is expected to register a revenue CAGR of 6.1% during the forecast period, according to latest analysis by Emergen Research. Rising demand for petrochemicals in automotive, and pharmaceutical industries is a key factor driving market revenue growth.

Petrochemicals products are used rapidly in making pharmaceutical ingredients in recent years. Petrochemicals significantly minimize the incidence of nosocomial infections, which include infections transmitted by germs from other patients, hospital food, and inadequately hygienic environments. Petrochemicals are also included in hand sanitizer in the form of carbomer polymers and glycerin. Phenol and Cumene are used in the preparation of preparatory substances for manufacturing aspirin and penicillin. Penicillin is one of the most used antibiotic agents which are used to cure a number of ailments such as pneumonia, spinal meningitis, diphtheria, and throat infections

 Some of the key participants in this Petrochemicals Market industry include:

BASF SE, Dow Inc., LyondellBasell Industries Holdings B.V., DuPont de Nemours, Inc., Phillips 66 Company, TotalEnergies, China National Petroleum Corp., Chevron Corporation, Marathon Petroleum Corporation, Exxon Mobil Corporation, Ineos Group Ltd., and Saudi Basic Industries Corporation (SABIC).

Get the PDF Sample Copy (Including FULL TOC, Graphs and Tables) of this report @: https://www.emergenresearch.com/request-sample/1261

The Global Petrochemicals Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects.

Some Key Highlights From the Report

Butadiene segment revenue is expected to increase at a steady rate over the forecast period due to the growing adoption of butadiene as a monomer and chemical intermediate for the preparation of polymers such as polybutadiene rubber, styrene-butadiene rubber, nitrile rubber, and polychloroprene. Butadiene derivatives have seen major growth in demand, particularly in China, India, and other Asian countries due to the thriving end-use sectors such as consumer goods, automobiles, and construction.

Packaging segment is expected to register a significantly fast revenue growth rate over the forecast period due to the rising adoption of plastic packaging in various industries. Plastic polymer manufacture accounts for a significant portion of petrochemicals demand. Most plastics are sourced from fossil fuels and it is expected to increase significantly in recent years.

Market in Asia Pacific accounted for the largest revenue share in the global petrochemicals market in 2021 due to the growing adoption of polymers in various applications across the region, particularly in China, Japan, and India, as well as rising developments in chemical and construction sectors. In addition, increasing adoption of petrochemicals products in food & beverages, healthcare, and consumer goods is supporting revenue growth for the market.

 Explore Detailed Insights on Petrochemicals Market @ https://www.emergenresearch.com/industry-report/petrochemicals-market

The report studies the impact of the COVID-19 pandemic on the   Petrochemicals Market .The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.

Scope of the Global Petrochemicals Market Report :

The report performs an accurate estimation of the growth prospects of the different market segments by studying the current market scenario, past performance, demand and supply ratio, production, consumption, sales, and revenue generation of the key players in the upcoming years. The market segmentation provides a 360° view of the Petrochemicals Market industry, which turns out to be beneficial for readers interested in this sector.

Global Petrochemicals Market  Market Research Objectives:

To provide deep understanding of the Petrochemicals Market  industry.

To highlight the critical data of each segment at extensive level.

To determine key success factors in different segments of Petrochemicals Market  industry.

To highlight the trends in specific sectors.

To give insights into key segments.

To carry economic analysis, build quantitative and financial models of global Petrochemicals Market  industry and individual segments.

To project future performance of the global Petrochemicals Market  industry and identify imperatives.

To identify risks of investing in particular segments and suggest appropriate strategies to mitigate the risks.

To study what held back the Petrochemicals Market  industry during pandemic and forces that are driving up the global Petrochemicals Market post-pandemic.

To understand how our Petrochemicals Market can bring difference to your business strategy: Get Sample PDF

Segmentation :

For the purpose of this report, Emergen Research has segmented global petrochemicals market on the basis of product type, manufacturing process, application, and region:

Product Type Outlook (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030)

Propylene

Polypropylene

Propylene Oxide

Cumene

Acrylonitrile

Isopropanol

Acrylic Acid

Others

Ethylene

Polyethylene

Ethylene Oxide

Ethylene Dichloride (EDC)

Ethyl Benzene

Others

Benzene

Ethyl Benzene

Nitrobenzene

Phenol/Cumene

Cyclohexane

Alkyl Benzene

Others

Butadiene

Styrene-Butadiene Rubber

Nitrile Rubber

Butadiene Rubber

Acrylonitrile Butadiene Styrene

Styrene-Butadiene Latex

Others

Toluene

Benzene

Xylenes

Solvents

Manufacturing Process (Revenue, USD Billion, Volume, Kilo Tons; 2019-2030)

Fluid Catalytic Cracking (FCC)

Steam Cracking

Catalytic Reforming

Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/1261

What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.

The report offers the present scenario and future growth prospects Market in various geographical regions.

The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.

The SWOT analysis is conducted along with Porter’s Five Force analysis.

The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors

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