Global Petrochemicals Market Size, Share, Forecast Report, 2020-2027

The global Petrochemicals market garnered revenue around USD XX Billion in 2019 and projected to reach USD 651.1 Billion in 2027, with at a compound annual growth rate of 5.0% throughout the estimate period from 2020 to 2027.

The petrochemicals market has witnessed an exponential growth over the past few decades, owing to the increasing demand from a range of end-use industries, including aerospace, building & construction, agriculture, food & beverage, electrical & electronics, healthcare, and automotive. However, in the current scenario, the mounting environmental concerns revolving around the production of petrochemicals has played a key role in transforming several manufacturing processes and other processes that primarily contribute to climate change. Moreover, as nearly 99% of the total plastic is manufactured from oil & gas, the global petrochemicals market is likely to witness an impressive growth rate in the upcoming years.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Petrochemicals market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Petrochemicals market growth.

The global Petrochemicals market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

BASF SE

BP Plc

DuPont de Nemours, Inc.

Total S.A.

Exxon Mobil Corp.

China Petroleum & Chemical Corporation

Saudi Arabian Oil Co.

Sumitomo Chemical Co., Ltd.

Dow

Chevron Phillips Chemical Company

LyondellBasell Industries NV

Mitsubishi Chemical Corporation

INEOS

PetroChina Company Limited

Saudi Basic Industries Corp.

Idemitsu Kosan Co., Ltd.

Reliance Industries Limited

Royal Dutch Shell Plc

Indian Oil Corp. Ltd.

Formosa Petrochemical Corporation

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

Product: Methanol, Ethylene, Propylene, C4 Stream, Benzene, Toluene, and Xylene; and End-use Industry: Aerospace, Agriculture, Automotive, Building & Construction, Consumer & Industrial Goods, Electrical & Electronics, Food & Beverages, Healthcare, Marine, Paints & Coatings, Power & Utilities, Pulp & Paper, Textiles & Leather, and Others

Regional Analysis and Forecast



Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:



� North America

? U.S.

? Canada

� Europe

? Germany

? U.K.

? Italy

? France

? Rest of EU

� Asia Pacific

? China

? India

? Japan

? Southeast Asia

? Rest of APAC

� Central & South America

? Brazil

? Argentina

? Rest of Central & South America

� Middle East and Africa

? UAE

? Saudi Arabia

? Rest of MEA