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
Petrochemical Market Segment Analysis
- Petrochemical Product Types Outlook (Revenue, USD Million, 2018 - 2030)
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Petrochemical Manufacturing Processes Outlook (Revenue, USD Million, 2018 - 2030)
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Petrochemical Applications Outlook (Revenue, USD Million, 2018 - 2030)
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
-
North America Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
-
North America Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- U.S.
- U.S. Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- U.S. Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- U.S. Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- U.S. Petrochemical Market, by Product Types
- Canada
- Canada Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Canada Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Canada Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Canada Petrochemical Market, by Product Types
-
Mexico
- Mexico Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Mexico Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Mexico Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Mexico Petrochemical Market, by Product Types
-
North America Petrochemical Market, by Product Types
- Europe
-
Europe Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
-
Europe Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
-
Europe Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- U. K.
- U.K. Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- U.K. Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- U.K. Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- U.K. Petrochemical Market, by Product Types
- France
- France Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- France Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- France Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- France Petrochemical Market, by Product Types
-
Germany
- Germany Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Germany Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Germany Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Germany Petrochemical Market, by Product Types
-
Italy
- Italy Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Italy Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Italy Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Italy Petrochemical Market, by Product Types
-
Spain
- Spain Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Spain Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Spain Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Spain Petrochemical Market, by Product Types
-
Rest of Europe
- Rest of Europe Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Rest of Europe Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Rest of Europe Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Rest of Europe Petrochemical Market, by Product Types
-
Europe Petrochemical Market, by Product Types
- Asia Pacific
-
Asia Pacific Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
-
Asia Pacific Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
-
Asia Pacific Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- China
- China Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- China Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- China Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- China Petrochemical Market, by Product Types
- Japan
- Japan Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Japan Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Japan Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Japan Petrochemical Market, by Product Types
-
Germany
- Germany Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Germany Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Germany Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Germany Petrochemical Market, by Product Types
-
India
- India Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- India Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- India Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- India Petrochemical Market, by Product Types
-
South Korea
- South Korea Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- South Korea Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- South Korea Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- South Korea Petrochemical Market, by Product Types
-
South East Asia
- South East Asia Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- South East Asia Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- South East Asia Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- South East Asia Petrochemical Market, by Product Types
-
Rest of Asia Pacific
- Rest of Asia Pacific Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Rest of Asia Pacific Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Rest of Asia Pacific Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Rest of Asia Pacific Petrochemical Market, by Product Types
-
Asia Pacific Petrochemical Market, by Product Types
- Latin America
-
Latin America Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
-
Latin America Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
-
Latin America Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Brazil
- Brazil Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Brazil Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Brazil Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Brazil Petrochemical Market, by Product Types
- Argentina
- Argentina Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Argentina Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Argentina Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Argentina Petrochemical Market, by Product Types
-
Rest of Latin America
- Rest of Latin America Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Rest of Latin America Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Rest of Latin America Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Rest of Latin America Petrochemical Market, by Product Types
-
Latin America Petrochemical Market, by Product Types
- Middle East & Africa
-
Middle East & Africa Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
-
Middle East & Africa Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
-
Middle East & Africa Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- GCC Countries
- GCC Countries Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- GCC Countries Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- GCC Countries Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- GCC Countries Petrochemical Market, by Product Types
- South Africa
- South Africa Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- South Africa Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- South Africa Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- South Africa Petrochemical Market, by Product Types
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Petrochemical Market, by Product Types
- Ethylene
- Propylene
- Butadiene
- Benzene
- Xylene
- Toluene
- Methanol
- Rest of Middle East & Africa Petrochemical Market, by Manufacturing Processes
- Fluid Catalytic Cracking (FCC)
- Steam Cracking
- Catalytic Reforming
- Rest of Middle East & Africa Petrochemical Market, by Applications
- Aerospace
- Agriculture
- Automotive
- Building & Construction
- Consumer & Industrial Goods
- Other Applications
- Rest of Middle East & Africa Petrochemical Market, by Product Types
-
Middle East & Africa Petrochemical Market, by Product Types
- North America
FAQ
Frequently Asked Question
What is the global demand for Petrochemical in terms of revenue?
-
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?
-
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?
-
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.
-
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?
-
Asia Pacific was the leading regional segment of the Petrochemical in 2022.