Petrochemical Market Analysis

  • Report ID: 4125
  • Published Date: Aug 12, 2024
  • Report Format: PDF, PPT

Petrochemical Market Analysis

The market is segmented by end-user into aerospace, agriculture, automotive, construction and others. Out of these, the automotive segment is anticipated to hold the largest share in the global petrochemical market over the forecast period on account of exponentially increasing demand for vehicles. Furthermore, the huge demand for plastic to make the body and other parts of vehicles is also expected to elevate the global market growth during the forecast period.

Our in-depth analysis of the global market includes the following segments:

           By Products  

  • Methanol
  • Ethylene
  • C4 Stream
  • Propylene
  • Toluene
  • Xylene

             By End-User 

  • Aerospace
  • Agriculture
  • Automotive
  • Construction
  • Others

 

 

         By Application

  • Polymers
  • Solvents
  • Paints & Coatings
  • Rubber
  • Adhesive & Sealants
  • Pigments & Dyes
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 4125
  • Published Date: Aug 12, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of petrochemical is assessed at USD 657.1 billion.

Petrochemical Market size was over USD 620.37 billion in 2023 and is anticipated to reach USD 1.56 trillion by 2036, growing at around 7.4% CAGR during the forecast period i.e., between 2024-2036. The growing demand for plastic, fertilisers and paints will boost the market growth.

Asia Pacific industry is anticipated to hold largest revenue share by 2036, propelled by rapid economic development in the region.

The major players in the market are LyondellBasell Industries Holdings B.V, Mitsubishi Chemical Holdings Corporation., Formosa Petrochemical Corporation and Idemitsu Kosan Co., Ltd.
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