Global Petrochemicals Market: By Type (C1 Derivatives, C2 Derivatives, C3 Derivatives, C4 Derivatives, Aromatics, Others), By End Use (Packaging and Construction, Fuel and Fuel Additives, Automotive and Consumer Durables, Pharmaceutical and Agrochemicals and Others), By Region, By Company Competition, Forecast & Opportunities, 2015-2025

The global petrochemicals market has witnessed healthy growth between 2015-2019 and is estimated to grow at a CAGR of 4.80% during the forecast period. Growing penetration of petrochemical products across plethora of end-use industries such as packaging, automotive, consumer durables, textile and construction sectors is expected to drive the petrochemicals market growth until 2025.
Petrochemicals are omnipresent, with their usage increasing across our countless, daily life applications. Increasing demand for Methanol (obtained from C1 stream) for industrial applications like manufacturing formaldehyde, API formulations, dyes & intermediates, agrochemicals etc., and its growing adoption as a clean-burning fuel in transports is likely to spur the global petrochemicals demand in the forecast period. Growing demand for petrochemical products used in plastic packaging for food and other commercial products such as Polyethylene (C2 stream) and Polystyrene (aromatics) due to their inexpensive, lightweight and high-performance characteristics is expected to propel the market growth in the coming years. Excellent barrier properties which allow food to remain fresh for longer durations are expanding the scope of polyethylene plastics over other packaging materials, thereby increasing the petrochemicals consumption across the globe. Moreover, with major economies across the globe making hefty investments to support their passenger and commercial automotive manufacturing, the global demand for rubber tyres, mainly derived from the petrochemical Butadiene (an output from C4 stream) is anticipated to improve in the forecast period. An additional market driver is the growing consumption of petrochemicals-based laundry detergents and textile fibers with ever changing consumer preferences. Supported with growing manufacturing of Benzene-based derivatives, the demand outlook of the industry is likely to turn bullish in the upcoming years.
 

On the basis of type, C2 & C3 derivatives cumulatively held more than 48% of the global petrochemicals demand share in 2019. The sectoral demand is likely to trigger tremendous growth in the global petrochemicals industry due to their growing consumption across engineered plastics, medical plastics, packaging films and many other end-use industries, backed by intensive research & development initiatives by leading manufacturers across the globe.
Geographically, Asia Pacific dominates the global petrochemical market, followed by North America and Western Europe. Massive capacity addition plans in the coming years and increasing mergers and acquisitions to support the skyrocketing regional demand are the factors propelling the Asian petrochemicals demand. Moreover, several FDI flows from outside Asia looking at the favorable government policies and demographic trends, would further drive the Asian market growth in the forecast period.
The outbreak of the COVID-19 dented the global petrochemicals industry, rendering the global industrial production to remain at standstill during Q2 and Q3 2020. The biggest impact was on demand of downstream derivatives such as clothing and automotive which crashed to historic lows in short term. Unprecedented crash in upstream crude oil as an outcome of the historic oil-price war further hurt the overall refinery run rates. However, soaring demand for personal hygiene products which increased consumer focus over C3 derivative polymers for manufacturing masks, PPE kits and disposable items, kept the sentiments uplifted. In longer terms, it is anticipated that spurt in the global petrochemicals demand as several economies ramp up their refining capacities and invest on latest manufacturing technologies would further accelerate the market growth in the forecast period.
 

Years Considered for this Report:
Historical Years: 2015 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2025
 

Objective of the Study:
• The primary objective of the study was to evaluate and forecast Petrochemicals capacity, production, demand, inventory, and demand–supply gap globally.
• To categorize Petrochemicals demand based on type, end use, region and company share.
• To evaluate and forecast Petrochemicals pricing globally.
• To identify and profile major companies operating globally Petrochemicals market.
• To identify dominant region or segment in the global Petrochemicals market.
• To identify drivers and challenges for global Petrochemicals market.

The global petrochemicals market is highly fragmented. Some of the major players operating in the global petrochemicals market are LyondellBasell Industries N.V., Sinopec, SABIC, The Dow Chemical Co., Ineos Group, BASF S.E and others. LyondellBasell Industries N.V. held the largest market share of around 4% as of 2019. Continued exploration for oil and gas reserves with numerous players carving out their subsidiaries to capitalize on the market opportunities emanating across the globe would further act as a driving force. Some of the major projects scheduled for 2021 are-a Shell Chemical’s upcoming chemicals project in Pennsylvania, a joint venture of ExxonMobil and SABIC in Texas which is already under construction. Moreover, merger of Chevron Phillips and Qatar Petroleum on the Gulf Coast, and a huge Formosa Petrochemical project in Louisiana are awaiting final investment decisions.
The pricing of petrochemicals is largely dependent on fluctuations in crude oil, Natural Gas and other upstream sources. Petrochemicals prices remained under pressure in the first half of the year weighed over by demand slowdown and unprecedented fall in crude futures during Q1 and Q2 2020.
To extract data for global petrochemicals market, primary research surveys were conducted with Petrochemicals manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Petrochemicals market over the coming years.
ChemAnalyst calculated Petrochemicals demand globally by analyzing the historical data and demand forecast which was carried out considering imported styrene prices, a monomer used for production of Petrochemicals. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
 

Key Target Audience
• Petrochemicals manufacturers and other stakeholders
• Organizations, forums and alliances related to Petrochemicals distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Petrochemicals manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
 

Report Scope:
In this report, the Global Petrochemicals market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Type : C1 Derivatives, C2 Derivatives, C3 Derivatives, C4 Derivatives, Aromatics, Others
• Market, by End Use : Packaging and Construction, Fuel and Fuel Additives, Automotive and Consumer Durables, Pharmaceutical and Agrochemicals and Others
• Market, by Region : North America, APAC, Europe, MEA, South America

Market, by Region
• North America : United States, Mexico, Canada
• APAC : China, India, Japan, South Korea, Taiwan, Australia, Thailand
• Europe : Germany, France, United Kingdom, Spain, Italy
• MEA : Saudi Arabia, UAE, Iran, South Africa
• South America : Brazil, Argentina, Colombia

Competitive Landscape

ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.

Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
 

1. Product Overview
2. Research Methodology
3. Executive Summary
4. Global Petrochemicals Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Type (C1, C2, C3, C4, Aromatics, Others)
4.2.2. By End Use (Packaging & Construction, Pharmaceutical & Agrochemicals, Fuel & Fuel Additives, Automotive & Consumer Durables, Others)
4.2.3. By Company (2019)
4.2.4. By Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa)
4.3. Product Map
5. Asia-Pacific Petrochemicals Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Type
5.2.2. By End Use
5.2.3. By Country (China, India, Japan; South Korea, Taiwan, Australia, Thailand, Rest of Asia-Pacific)
5.3. Asia-Pacific: Country Analysis
5.3.1. China Petrochemicals Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Volume
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Type
5.3.1.2.2. By End Use
5.3.2. India Petrochemicals Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Volume
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Type
5.3.2.2.2. By End Use
5.3.3. Japan Petrochemicals Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Volume
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Type
5.3.3.2.2. By End Use
5.3.4. South Korea Petrochemicals Market Outlook
5.3.4.1. Market Size & Forecast
5.3.4.1.1. By Volume
5.3.4.2. Market Share & Forecast
5.3.4.2.1. By Type
5.3.4.2.2. By End Use
5.3.5. Taiwan Petrochemicals Market Outlook
5.3.5.1. Market Size & Forecast
5.3.5.1.1. By Volume
5.3.5.2. Market Share & Forecast
5.3.5.2.1. By Type
5.3.5.2.2. By End Use
5.3.5. Australia Petrochemicals Market Outlook
5.3.5.1. Market Size & Forecast
5.3.5.1.1. By Volume
5.3.5.2. Market Share & Forecast
5.3.5.2.1. By Type
6. Europe Petrochemicals Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By End Use
6.2.3. By Country (Germany, UK, France, Italy, United Kingdom, Rest of Europe)
6.3. Europe: Country Analysis
6.3.1. Germany Petrochemicals Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Volume
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By End Use
6.3.2. UK Petrochemicals Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Volume
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
6.3.3.2.2. By End Use
6.3.4. France Petrochemicals Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Volume
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Type
6.3.4.2.2. By End Use
6.3.5. Italy Petrochemicals Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Volume
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Type
6.3.5.2.2. By End Use
6.3.6. Spain Petrochemicals Market Outlook
6.3.6.1. Market Size & Forecast
6.3.6.1.1. By Volume
6.3.6.2. Market Share & Forecast
6.3.6.2.1. By Type
6.3.6.2.2. By End Use
7. North America Petrochemicals Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By End Use
7.2.4. By Country (United States, Mexico, Canada)
7.3. North America: Country Analysis
7.3.1. United States Petrochemicals Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By End Use
7.3.2. Canada Petrochemicals Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By End Use
7.3.3. Mexico Petrochemicals Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By End Use
8. South America Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By End Use
8.2.3. By Country (Brazil, Argentina, Colombia; Rest of South America)
8.3. South America: Country Analysis
8.3.1. Brazil Petrochemicals Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Volume
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By End Use
8.3.2. Argentina Petrochemicals Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Volume
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By End Use
8.3.3. Colombia Petrochemicals Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Volume
8.3.1.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By End Use
9. Middle East & Africa Petrochemicals Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By End Use
9.2.4. By Country (Saudi Arabia, UAE, Iran, South Africa, Rest of MEA)
9.3. Middle East & Africa: Country Analysis
9.3.1. Saudi Arabia Petrochemicals Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Volume
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By End Use
9.3.2. UAE Petrochemicals Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1 By Volume
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By End Use
9.3.2. Iran Petrochemicals Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1 By Volume
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By End Use
9.3.2. South Africa Petrochemicals Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Volume
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By End Use
10. Market Dynamics
11. Market Trends & Developments
12. Competitive Landscape
12.1. Company Profiles (Top 10 Global Players)
12.1.1. BASF SE
12.1.2. Mitsubishi Chemical Holdings
12.1.3. Lotte Chemical
12.1.4. Formosa Plastics Corporation
12.1.5. China Petroleum & Chemical Corporation (Sinopec)
12.1.6. INEOS
12.1.7. The DOW Chemical Company
12.1.8 LyondellBasell Industries N.V
12.1.9 SABIC
12.1.10 Reliance Industries Ltd.
13. Strategic Recommendations
14. About Us & Disclaimer
 


List Of Figures

Figure 1: Global Petrochemicals Market Size, By Value (USD Billion), By Volume (Million Tonnes), 2015-2025F
Figure 2: Global Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 3: Global Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 4: Global Petrochemicals Market Share, By Company, By Value, 2019
Figure 5: Global Petrochemicals Market Share, By Region, By Volume, 2019 & 2025F
Figure 6: Product Market Map based on Market Size (Million Tonnes) & Growth Rate (%), By Type, 2020E-2025F
Figure 7: Product Market Map based on Market Size (Million Tonnes) & Growth Rate (%), By End Use, 2020E-2025F
Figure 8: Product Market Map based on Market Size (Million Tonnes) & Growth Rate (%), By Region, 2020E-2025F
Figure 9: Asia Pacific Petrochemicals Market Size, By Value (USD Billion), By Volume (Million Tonnes), 2015-2025F
Figure 10: Asia Pacific Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 11: Asia Pacific Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 12: Asia Pacific Petrochemicals Market Share, By Country, By Volume, 2015 - 2025F
Figure 13: China Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 14: China Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 15: China Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 16: India Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 17: India Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 18: India Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 19: Japan Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 20: Japan Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 21: Japan Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 22: South Korea Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 23: South Korea Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 24: South Korea Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 25: Taiwan Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 26: Taiwan Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 27: Taiwan Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 28: Australia Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 29: Australia Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 30: Australia Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 31: Thailand Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 32: Thailand Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 33: Thailand Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 34: Europe Petrochemicals Market Size, By Value (USD Billion), By Volume (Million Tonnes), 2015-2025F
Figure 35: Europe Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 36: Europe Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 37: Europe Petrochemicals Market Share, By Country, By Volume, 2015 - 2025F
Figure 38: Germany Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 39: Germany Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 40: Germany Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 41: United Kingdom Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 42: United Kingdom Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 43: United Kingdom Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 44: France Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 45: France Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 46: France Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 47: Italy Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 48: Italy Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 49: Italy Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 50: Spain Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 51: Spain Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 52: Spain Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 53: North America Petrochemicals Market Size, By Value (USD Billion), By Volume (Million Tonnes), 2015-2025F
Figure 54: North America Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 55: North America Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 56: North America Petrochemicals Market Share, By Country, By Volume, 2015-2025F
Figure 57: United States Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 58: United States Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 59: United States Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 60: Canada Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 61: Canada Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 62: Canada Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 63: Mexico Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 64: Mexico Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 65: Mexico Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 66: South America Petrochemicals Market Size, By Value (USD Billion), By Volume (Million Tonnes), 2015-2025F
Figure 67: South America Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 68: South America Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 69: South America Petrochemicals Market Share, By Country, By Volume, 2015-2025F
Figure 70: Brazil Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 71: Brazil Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 72: Brazil Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 73: Argentina Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 74: Argentina Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 75: Argentina Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 76: Colombia Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 77: Colombia Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 78: Colombia Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 79: MEA Petrochemicals Market Size, By Value (USD Billion), By Volume (Million Tonnes), 2015-2025F
Figure 80: MEA Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 81: MEA Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 82: MEA Petrochemicals Market Share, By Country, By Volume, 2015-2025F
Figure 83: Saudi Arabia Petrochemicals Market Size, By Volume (Million Tonnes), 2015- 2025F
Figure 84: Saudi Arabia Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 85: Saudi Arabia Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 86: UAE Petrochemicals Market Size, By Value (USD Billion), By Volume (Million Tonnes), 2015-2025F
Figure 87: UAE Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 88: UAE Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 89: Iran Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 90: Iran Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 91: Iran Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
Figure 92: South Africa Petrochemicals Market Size, By Volume (Million Tonnes), 2015-2025F
Figure 93: South Africa Petrochemicals Market Share, By Type, By Volume, 2015–2025F
Figure 94: South Africa Petrochemicals Market Share, By End Use, By Volume, 2015–2025F
 


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