Global Petrochemicals Market
Chemicals

Global Petrochemicals Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Petrochemicals Market Report by The Business Research Company covers petrochemicals market drivers and restraints, petrochemicals market size, major players, and the impact of COVID-19 on the petrochemicals market.

The petrochemicals market consists of the sales of petrochemicals by entities (organizations, sole  and butylene made from refined petroleum or liquid hydrocarbons and/or produce cyclic aromatic hydrocarbons such as benzene, toluene, styrene, xylene, ethyl benzene, and cumene made from refined petroleum or liquid hydrocarbons.

The global petrochemicals market is expected to grow from $365.01 billion in 2020 to $429.11 billion in 2021 at a compound annual growth rate (CAGR) of 17.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $477.85 billion in 2025 at a CAGR of 3%.

The petrochemicals market is expected to benefit from growth in the automobiles industry during the forecast period. There is a drive for production of automobiles which is leading to an increase in demand for petrochemical products which are used in manufacturing of brake parts, radiator and other components. Thus, increased use of plastics in automobiles is expected to increase the demand for petrochemicals during the forecast period.

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Some petrochemicals market trends include adoption of IoT (Internet of Things) technologies to connect equipment and smart devices to obtain real time insights and identify inefficiencies in the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels.

Global petrochemicals market segments include:

1) By Type: Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals

2) By End-User Industry: Construction, Packaging, Automotive & Transportation, Healthcare, Electrical & Electronics, Others

3) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

 

Read More On The Petrochemicals Global Market Report 2021: COVID-19 Impact and Recovery To 2030 At:

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The Petrochemicals Global Market Report 2021: COVID-19 Impact and Recovery To 2030 is one of a series of new reports from The Business Research Company that provides petrochemicals market overviews, analyzes and forecasts market size, share, petrochemicals market players, petrochemicals market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The petrochemicals identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 Where To Learn More:

Read Petrochemicals Global Market Report 2021: COVID-19 Impact and Recovery To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Saudi Basic Industries Corporation (SABIC), Sinopec, Royal Dutch Shell Plc, LyondellBasell Industries, INEOS AG

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Petrochemicals Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Petrochemicals Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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Here is a list of reports from The Business Research Company similar to the Petrochemicals Global Market Report 2021:

Propylene-Petrochemicals Global Market Report 2021

Ethylene-Petrochemicals Global Market Report 2021

Benzene-Petrochemicals Global Market Report 2021

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