Petrochemical Market
Petrochemical Market - Global Industry Assessment & Forecast
Segments Covered
- By Product Types Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Methanol
- By Manufacturing Processes Fluid Catalytic Cracking (FCC), Steam Cracking, Catalytic Reforming
- By Applications Aerospace, Agriculture, Automotive, Building & Construction, Consumer & Industrial Goods, Other Applications
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 584.02 Billion |
Revenue 2030: | USD 916.88 Billion |
Revenue CAGR (2023 - 2030): | 5.80% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Sr. No. | Offering | Report Coverage |
1. | Market Size | In terms of Revenue (USD Million) |
2. | Historic Data | 2017 to 2021 |
3. | Forecast Data | 2023 to 2030 |
4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
5. | Market Attractiveness Analysis | Yes |
6. | Segment Analysis | Maximum Segments |
7. | Regional Coverage | 5 Regions |
8. | Country Coverage | Top 22 Countries |
9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
10. | Porter’s Five Forces Analysis | Yes. |
11. | Value Chain Analysis | Yes |
12. | PEST Analysis | Yes |
13. | Regulatory Landscape | Yes |
14. | Technology Landscape | Yes |
15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
16. | Top startups to watch out for | Yes |
17. | Top 3 Trends to Watch | Yes |
18. | Top 3 Strategies Followed by Major Players | Yes |
19. | Top 3 Predictions by Vantage Market Research | Yes |
20. | Discussion Guide | Yes |
21. | Key Primary Respondents - VERBATIM | Yes |
22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
23. | Others/Miscellaneous |
FAQ
Frequently Asked Question
What is the global demand for Petrochemical in terms of revenue?
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The global Petrochemical valued at USD 584.02 Billion in 2022 and is expected to reach USD 916.88 Billion in 2030 growing at a CAGR of 5.80%.
Which are the prominent players in the market?
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The prominent players in the market are BP PLC (UK), Total Energies S.A. (France), Exxon Mobil Corp. (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Dow Chemicals (US), Chevron Phillips Chemical Company (US), Saudi Arabian Oil Co. (Saudi Arabia), DuPont de Nemours Inc. (US), China Petroleum & Chemical Corporation (China).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 5.80% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Petrochemical include
- Rising demand for downstream products from end-use industries
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Petrochemical in 2022.