Global Hydrocarbons Market Size study&Forecast, by Type (Aliphatic, Aromatic),by Application (Pharmaceuticals, Energy, Industrial, Mobility, Others)and Regional Analysis, 2022-2029

Global Hydrocarbons Market Size study&Forecast, by Type (Aliphatic, Aromatic),by Application (Pharmaceuticals, Energy, Industrial, Mobility, Others)and Regional Analysis, 2022-2029

Global Hydrocarbons Market is valued at approximately USD 69.2 billion in 2021 andis anticipated to grow with a healthy growth rate of more than 3.50% over the forecast period 2022-2029.Hydrocarbons are organic chemical compounds produced exclusively from Carbon atoms and hydrogen in their chemical structure. They are the most basic elements of organic molecules with two elements (C) and (H). Hydrocarbons are naturally occurring and are found in natural gases and crude oil. These are also regarded as building blocks of life, mainly found in emissions of organic matter and extracted from fossil fuels found inside the Earth. Additionally, the demand forhydrocarbons as refrigerants and the growing pharmaceutical industry is driving the market demand for hydrocarbons market.

The rising demand forHydrocarbons as refrigerants is driving the market demand forhydrocarbons. Hydrocarbonssuch as R290 (propane) or R1270 (propylene) are low GWP non-toxic highly preferred natural refrigerants. These are efficient alternatives to HFCs as it has been reported that hydrocarbons save energy up to 4.4% to 18.7% compared to HFC-134a and about 2.65% to 13.5% compared to HCFC-22. The growing pharmaceutical industry also surges the demand for hydrocarbons as they are used in the making of aerosols and various medicines. Hydrocarbons also contain halogenated hydrocarbon used to make anaestheticssuch ashalothane and propellants for inhalers. For instance, the total global market for pharmaceuticals was 1.48 trillion in 2022. Moreover, the continuous advancements in the formulation and wide use of applicationsin several industries are fueling the market demand for hydrocarbons.However, the environmental impact of Hydrocarbons stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Hydrocarbons Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.Asia Pacific dominated the market for Hydrocarbon due to the presence of major market players and their continuous investments. The major pharmaceutical players such asSun pharmaceuticals and Takeda pharmaceutical companies are increasing the demand forthis product in this region. North America is anticipated to be the fastest-growing region due to the growing pharmaceutical industry. The constant investments in research and development, large manufacturing companies and the availability of petroleum manufacturersare boosting the demand in this region.

Major market player included in this report are:
Reliance Industries Limited
TotalEnergies SE
Shell plc
Manali Petrochemicals Limited
Exxon Mobil Corporation
China Petrochemical Corporation
Indian Oil Corporation Ltd.
Recochem Inc.Chevron Corporation
LyondellBasell Industries Holdings B.V

Recent Developments in the Market:
 In February 2022, BP Plc was acquired by TotalEnergy SE. This acquisition will help the companies to increase the supply of fuels and other products efficiently in this region. It will also widen the network of the company and increase the availability of hydrocarbons.
Global Hydrocarbons Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Aliphatic
Aromatic
By Application:
Pharmaceuticals
Energy
Industrial
Mobility
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned
Reliance Industries Limited
TotalEnergies SE
Shell plc
Manali Petrochemicals Limited
Exxon Mobil Corporation
China Petrochemical Corporation
Indian Oil Corporation Ltd.
Recochem Inc.Chevron Corporation
LyondellBasell Industries Holdings B.V

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.