The research study Global Petrochemicals Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast added by DecisionDatabases.com provides a comprehensive market analysis which includes market values, forecasts, as well as a detailed competitive market analysis of major players operational in the industry.
Get Free Sample Copy @ http://www.decisiondatabases.com/contact/download-sample-63
Petrochemicals are a large group of chemicals obtained from petroleum and natural gas. These are used by numerous industries like manufacturing, textiles, consumer goods, construction, packaging, plastics, healthcare, and automotive among many others. The global petrochemicals market is primarily driven by this vast end user industry demand. Another major boost to the petrochemicals market is the abundant shale gas discoveries in the U.S. and Canadian region. Shale gas acts as a sustainable (at least a century) feedstock for petrochemicals production. Petrochemicals were conventionally derived from coal, natural gas and other hydrocarbon sources. Moreover the regional supremacy of Middle East in crude oil production is anticipated to continue.
This report examines the global petrochemicals market and provides information regarding the revenue (USD Million) and volume (Kilo Tons) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
A glimpse of the major drivers and restraints affecting this market is mentioned below:
> Low labor cost in many regions such as Asia-pacific
> Increasing construction market growth
> Increased demand for lightweight and flexible materials
> Availability of bio based alternatives
> Price instability
Report includes a detailed analysis on value chain in order to provide a holistic view of the petrochemicals market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the petrochemicals industry, from raw material suppliers to end-users.
Download Free Sample Report with Full TOC At: http://www.decisiondatabases.com/contact/download-sample-63
Petrochemical Industry – Product Outlook
The petrochemicals market is dominated by ethylene. Ethylene is used as a chemical feedstock for industries like packaging, detergents, coatings, adhesives, transportation, electrical/electronic, textile and construction. Some common polymers of ethylene which are widely used are polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC) and polystyrene (PS). The Middle East and China are scaling up ethylene production by expanding/ adding the plant capacity. This is expected to affect the ethylene prices and its production. In the next 5 years Methanol market is expected to grow at a fast rate. This is based on the emerging use of methanol in gasoline blending and its conversion to Olefins (MTO).
Petrochemical Industry – Regional Overview
The Middle East is the largest production hub for petrochemicals. The recent lifting of oil sanctions from Iran has also boosted the petrochemicals market of this region. The feedstock abundance, infrastructural support, low production cost and availability of labour have been the major reasons for the growth of this industry in this region.
China and India with their Government support are bringing a rapid growth in the consumption of petrochemicals and petrochemical based products. The abundance of shale gas reserves (which act as an alternative feedstock) are revamping the North American chemical industry.
Petrochemical Industry – Key Players
Some of the key players of this industry which occupy a major global share are BASF SE, ExxonMobil , The Dow Chemical Company , Shell Chemical Company , SABIC, Sinopec Limited , LyondellBasell Industries , Total S.A. , Sumitomo Chemical Co. Ltd. , Chevron Phillips Chemical Company LLC , E. I. Du Pont.
Eyeing the growth prospects in this industry the companies are expanding their capacities. Recently Royal Dutch Shell Group, announced the construction of a new ethylene cracker and ethylene derivatives units at the petrochemical complex located at Huizhou, China. It plans to double its existing capacity. Another stalwart market player, Dow Chemical’s, partially owned company – MEGlobal plans to build a petrochemical plant at Freeport which will supply monoethylene glycol.
Access full report at: http://www.decisiondatabases.com/ip/63-petrochemicals-market-report
The price volatility of crude oil and natural gas and an increasing demand of bio-based chemicals are anticipated to have an adverse effect on the growth of petrochemicals market. Another area of concern is the environmental impact connected to the petrochemicals production and its product usage.
Major Table Of Contents:
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF PETROCHEMICAL
4. PETROCHEMICAL MARKET ANALYSIS BY PRODUCTS
5. PETROCHEMICAL MARKET ANALYSIS BY APPLICATIONS
6. PETROCHEMICAL MARKET ANALYSIS BY REGION
7. COMPETITIVE LANDSCAPE OF PETROCHEMICAL COMPANIES
8. COMPANY PROFILES OF PETROCHEMICAL INDUSTRY
Order a complete Petrochemicals Market Research Report @ http://www.decisiondatabases.com/contact/buy-now-63
DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.
Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed.