Global Petrochemicals report from Global Insight Services is the single authoritative source of intelligence on Petrochemicals market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Petrochemicals are a group of chemicals derived from petroleum or natural gas. These products are used in a wide range of applications, including plastics, detergents, explosives, and fertilizers.
Petrochemicals are a key component of the modern economy, and their production has increased rapidly in recent years.
The most important petrochemicals are ethylene, propylene, and benzene. Ethylene is used to produce a variety of plastics, including polyethylene and polyvinyl chloride. Propylene is used to make polypropylene and other plastics. Benzene is a key ingredient in the production of detergents, explosives, and other chemicals.
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Market Segments
The Petrochemicals Market is segmented into type, application, end use and region. On the basis of type, the market is bifurcated into ethylene, propylene, butadiene, benzene and toluene. The applications covered in the study include polymers, paints and coatings, solvents and others. By end use, the market is categorized into construction, the transportation, agriculture, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Petrochemicals Market report includes players such as BASF SE, SABIC, LyondellBasell Industries Holdings B.V, TOTAL, Indian Oil Corporation Limited, Chevron Phillips Chemical Company, BP plc, Sumitomo Chemical Company, Reliance Industries Limited and China National Petroleum Corporation.
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Key Drivers
The key drivers of the petrochemicals market are crude oil and natural gas prices, feedstock availability, and economic growth. Crude oil and natural gas are the major feedstocks for the production of petrochemicals. Thus, fluctuations in their prices have a significant impact on the petrochemicals market.
Feedstock availability is another important factor that affects the petrochemicals market. The availability of feedstock influences the production capacity of petrochemical plants. For instance, the U.S. is a major producer of shale gas, which is used as a feedstock for the production of ethane. Thus, the increase in shale gas production in the U.S. has led to a significant increase in the production of ethane.
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