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
-
Executive Dashboard
- Strategic Imperatives
-
Premium Insights
- Top 3 Trends to Watch
- Demand and Supply Trends
- Top 3 Strategies Followed by Major Players
- Top 3 Predictions by Vantage Market Research
- Top Investment Pockets
- Insights from Primary Respondents
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Global Petrochemical Market - Segment Analysis
- Overview
- Global Petrochemical Market, 2016 - 2028 (USD Million)
-
Global Petrochemical Market - by Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
-
Global Petrochemical Market - by Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
-
Global Petrochemical Market - by Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
-
Global Petrochemical Market - by region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market comparative analysis
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North America Petrochemical Market - Segment Analysis
- Overview
- North America Petrochemical Market, 2016 - 2028 (USD Million)
-
North America Petrochemical Market, by Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
-
North America Petrochemical Market, by Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
-
North America Petrochemical Market, by Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
-
North America Petrochemical Market, by Country
- U.S.
- U.S. Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- U.S. Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- U.S. Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- U.S. Petrochemical Market, By Product Types
- Canada
- Canada Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Canada Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Canada Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Canada Petrochemical Market, By Product Types
- Mexico
- Mexico Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Mexico Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Mexico Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Mexico Petrochemical Market, By Product Types
- U.S.
-
Europe Petrochemical Market - Segment Analysis
- Overview
- Europe Petrochemical Market, 2016 - 2028 (USD Million)
-
Europe Petrochemical Market, by Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
-
Europe Petrochemical Market, by Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
-
Europe Petrochemical Market, by Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
-
Europe Petrochemical Market, by Country
- Germany
- Germany Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Germany Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Germany Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Germany Petrochemical Market, By Product Types
- UK
- UK Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- UK Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- UK Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- UK Market, By Product Types
- France
- France Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- France Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- France Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- France Petrochemical Market, By Product Types
- Spain
- Spain Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Spain Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Spain Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Spain Petrochemical Market, By Product Types
- Italy
- Italy Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Italy Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Italy Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Italy Petrochemical Market, By Product Types
- BENELUX
- BENELUX Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- BENELUX Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- BENELUX Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- BENELUX Petrochemical Market, By Product Types
- Rest of Europe
- Rest Of Europe Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Rest Of Europe Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Rest Of Europe Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Rest Of Europe Petrochemical Market, By Product Types
- Germany
-
Asia Pacific Petrochemical Market - Segment Analysis
- Overview
- Asia Pacific Petrochemical Market, 2016 - 2028 (USD Million)
-
Asia Pacific Petrochemical Market, by Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
-
Asia Pacific Petrochemical Market, by Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
-
Asia Pacific Petrochemical Market, by Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
-
Asia Pacific Petrochemical Market, by Country
- China
- China Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- China Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- China Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- China Petrochemical Market, By Product Types
- Japan
- Japan Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Japan Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Japan Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Japan Petrochemical Market, By Product Types
- India
- India Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- India Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- India Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- India Petrochemical Market, By Product Types
- South Korea
- South Korea Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- South Korea Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- South Korea Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- South Korea Petrochemical Market, By Product Types
- South East Asia
- South East Asia Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- South East Asia Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- South East Asia Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- South East Asia Petrochemical Market, By Product Types
- Rest of Asia Pacific
- Rest of Asia Pacific Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Rest of Asia Pacific Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Rest of Asia Pacific Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Rest of Asia Pacific Petrochemical Market, By Product Types
- China
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Latin America Petrochemical Market - Segment Analysis
- Overview
- Latin America Petrochemical Market, 2016 - 2028 (USD Million)
-
Latin America Petrochemical Market, by Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
-
Latin America Petrochemical Market, by Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
-
Latin America Petrochemical Market, by Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
-
Latin America Petrochemical Market, by Country
- Brazil
- Brazil Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Brazil Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Brazil Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Brazil Petrochemical Market, By Product Types
- Argentina
- Argentina Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Argentina Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Argentina Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Argentina Petrochemical Market, By Product Types
- Rest of Latin America
- Rest of Latin America Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Rest of Latin America Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Rest of Latin America Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Rest of Latin America Petrochemical Market, By Product Types
- Brazil
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Middle East & Africa Petrochemical Market - Segment Analysis
- Overview
- Middle East & Africa Petrochemical Market, 2016 - 2028 (USD Million)
-
Middle East & Africa Petrochemical Market, by Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
-
Middle East & Africa Petrochemical Market, by Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
-
Middle East & Africa Petrochemical Market, by Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
-
Middle East & Africa Petrochemical Market, by Country
- GCC Countries
- GCC Countries Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- GCC Countries Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- GCC Countries Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- GCC Countries Petrochemical Market, By Product Types
- South Africa
- South Africa Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- South Africa Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- South Africa Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- South Africa Petrochemical Market, By Product Types
- Rest of Middle East & Africa
- Rest of Middle East & Africa Petrochemical Market, By Product Types
- By Ethylene
- By Propylene
- By Butadiene
- By Benzene
- By Xylene
- By Toluene
- By Methanol
- Rest of Middle East & Africa Petrochemical Market, By Manufacturing Processes
- By Fluid Catalytic Cracking (FCC)
- By Steam Cracking
- By Catalytic Reforming
- Rest of Middle East & Africa Petrochemical Market, By Applications
- By Aerospace
- By Agriculture
- By Automotive
- By Building & Construction
- By Consumer & Industrial Goods
- By Other Applications
- Rest of Middle East & Africa Petrochemical Market, By Product Types
- GCC Countries
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Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter's Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
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COVID 19 Impact Analysis
- Key strategies undertaken by companies to tackle COVID-19
- Short term dynamics
- Long term dynamics
-
Marketing Stratagy Analysis
- Marketing Channel
- Direct Marketing
- Indirect Marketing
- Marketing Channel Development Trends
-
Competative Landscape
- Competition Matrix - 2021
- Company Market Share Analysis - 2021
- Key Company Activities, 2018 - 2021
- Strategic Developments - Heat Map Analysis
- Company Offering Evaluation
- Company Regional Presence Evaluation
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Company Profiles
- 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)
- Key Primary Respondents - VERBATIM
- Discussion Guide
- Customization Offered
- Annexure
- List of Figures
- List of Tables
- List of Abbreviations
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?
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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?
-
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?
-
Asia Pacific was the leading regional segment of the Petrochemical in 2022.