Petrochemicals Market, by Product Type (Ethylene, Propylene, Benzene, Xylene, Toluene, Methanol, and Others), by Application (Paints and Coatings, Solvents, Polymers, Adhesives and Sealants, and Others (Surfactants, Dyes, etc.)), by End-use Industry (Aero

Petrochemicals Market, by Product Type (Ethylene, Propylene, Benzene, Xylene, Toluene, Methanol, and Others), by Application (Paints and Coatings, Solvents, Polymers, Adhesives and Sealants, and Others (Surfactants, Dyes, etc.)), by End-use Industry (Aerospace, Agriculture, Automotive, Building & Construction, Consumer & Industrial Goods, Electrical & Electronics, and Others (Packaging, etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Petrochemicals (sometimes abbreviated as petchems) are chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit or sugar cane. The two most common petrochemical classes are olefins (including ethylene and propylene) and aromatics (including benzene, toluene and xylene isomers). Petrochemicals are an essential part of the chemical industry, as demand for synthetic materials is high across the globe. Petrochemicals are used in the manufacture of various products, which are employed in various end-use industries.
Market Dynamics
Petrochemicals are an essential part of commodities used in daily lives. Petrochemicals are chemical compounds derived from petroleum and other hydrocarbons, which are obtained from crude oil and natural gas. Petrochemicals are primarily used as chemical building blocks for a variety of materials and applications in the automotive sector.
Petrochemical products are extensively utilized in the manufacture of various materials, including paints, coatings, adhesives, and thermal insulation. These materials are employed widely in the building & construction sector. Automobile components made from petrochemical products offer exceptional benefits such as lightweight that leads to less fuel consumption. This, in turn, helps in pollution control. Ease in processing helps in cutting down assembling time. The usage of petrochemicals enable to enhance the safety aspects of automobile.
The market growth can be primarily attributed to the entry of new market players in developing regions, dwindling prices of crude oil prices, and growing demand for petrochemicals from various end-use industries. However, the evolving regulatory landscape, along with rising environmental concerns are anticipated to play key role in influencing the growth of the petrochemicals market during the forecast period. Market players are projected to focus on their value-creation strategies to solidify their presence in the current market landscape.
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 is expected to increase over 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 positive in the upcoming years.
Key features of the study:
This report provides in-depth analysis of top 15 petrochemicals market, and provides market size (US$ Million and MT) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the petrochemicals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Chevron Phillips Chemical Company LLC, BASF SE, ExxonMobil, Shell Chemical Company, TotalEnergies SE, Sumitomo Chemical Co. Ltd., Reliance Industries Limited, Indian Oil Corporation, Bharat Petroleum Corporation Limited, and SABIC
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
The top 15 petrochemicals market report caters to various stakeholders in this industry including investors, suppliers, caffeine manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the top 15 petrochemicals market
Detailed Segmentation:
Top 15 Petrochemicals Market, By Product Type:
Ethylene
Propylene
Benzene
Xylene
Toluene
Methanol
Others
Top 15 Petrochemicals Market, By Application:
Paints and Coatings
Solvents
Polymers
Adhesives and Sealants
Others (Surfactants, Dyes, etc.)
Top 15 Petrochemicals Market, By End-Use Industry:
Aerospace
Agriculture
Automotive
Building & Construction
Consumer & Industrial Goods
Electrical & Electronics
Others (Packaging, etc.)
Top 15 Petrochemicals Market, By Region:
North America
By Product Type:
Ethylene
Propylene
Benzene
Xylene
Toluene
Methanol
Others
By Application:
Paints and Coatings
Solvents
Polymers
Adhesives and Sealants
Others (Surfactants, Dyes, etc.)
By End-Use Industry:
Aerospace
Agriculture
Automotive
Building & Construction
Consumer & Industrial Goods
Electrical & Electronics
Others (Packaging, etc.)
By Country:
U.S.
Canada
Europe
By Product Type:
Ethylene
Propylene
Benzene
Xylene
Toluene
Methanol
Others
By Application:
Paints and Coatings
Solvents
Polymers
Adhesives and Sealants
Others (Surfactants, Dyes, etc.)
By End-Use Industry:
Aerospace
Agriculture
Automotive
Building & Construction
Others (Packaging, etc.)
By Country:
U.K.
Italy
France
Germany
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type:
Ethylene
Propylene
Benzene
Xylene
Toluene
Methanol
Others
By Application:
Paints and Coatings
Solvents
Polymers
Adhesives and Sealants
Others (Surfactants, Dyes, etc.)
By End-Use Industry:
Aerospace
Agriculture
Automotive
Building & Construction
Others (Packaging, etc.)
By Country:
China
India
Japan
ASEAN
Australia
Rest of Asia Pacific
Latin America
By Product Type:
Ethylene
Propylene
Benzene
Xylene
Toluene
Methanol
Others
By Application:
Paints and Coatings
Solvents
Polymers
Adhesives and Sealants
Others (Surfactants, Dyes, etc.)
By End-Use Industry:
Aerospace
Agriculture
Automotive
Building & Construction
Others (Packaging, etc.)
By Country:
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
By Product Type:
Ethylene
Propylene
Benzene
Xylene
Toluene
Methanol
Others
By Application:
Paints and Coatings
Solvents
Polymers
Adhesives and Sealants
Others (Surfactants, Dyes, etc.)
By End-Use Industry:
Aerospace
Agriculture
Automotive
Building & Construction
Others (Packaging, etc.)
By Sub-region:
Middle East
Africa
Company Profiles
Chevron Phillips Chemical Company LLC*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
BASF SE
ExxonMobil
Shell Chemical Company
TotalEnergies SE
Sumitomo Chemical Co. Ltd.
Reliance Industries Limited
Indian Oil Corporation
Bharat Petroleum Corporation Limited
SABIC
“*” marked represents similar segmentation in other categories in the respective section.