Europe Olefins and Aromatics Market
The Europe olefins and aromatics market is expected to reach USD 123.57 billion by 2031 from USD 87.05 billion in 2023, growing with a substantial CAGR of 4.60% in the forecast period of 2024 to 2031.
Market Segmentation:
Europe Olefins and Aromatics Market, By Product (Ethylene, Propylene, Xylene, Benzene, Toluene, and Butadiene), Vertical (Packaging, Building and Construction, Automotive, Electronics and Electricals, Household, Healthcare, Agriculture, and Others), Countries (Germany, Italy, Russia, France, Spain, Poland, U.K., Belgium, Netherlands, Turkey, Luxemburg, and rest of Europe) - Industry Trends and Forecast To 2031
Overview of Europe Olefins and Aromatics Market Dynamics:
Drivers
• Growing demand for olefins in various end-use industries
• Rise in demand for aromatic compounds by the paints & coatings industry
Restraint
• Volatility in raw material prices
Opportunity
• Advancements and innovations in production technologies and methods
Market Players:
The key players operating in the Europe olefins and aromatics market market are:
• Exxon Mobil Corporation
• Shell plc
• Repsol
• SABIC
• INEOS
• Braskem
• Sasol
• Dow
• NOVA Chemicals Corporate
• Idemitsu Kosan Co.,Ltd.
• PJSC SIBUR Holding
• PETRONAS Chemicals Group
• Chevron Phillips Chemical Company LLC
• LyondellBasell Industries Holdings B.V.
• ORLEN
• Mitsubishi Chemical Group Corporation
• Gadiv Petrochemical Industries (A subsidiaries of Bazan Group)
• Evonik Industries AG
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