Top 15 Petrochemicals Market – Global Industry Trends, Analysis, Regional Outlook, & Competitive Strategies |Global forecast to 2021.

Top 15 petrochemicals report is divided into three sub parts, basic petrochemicals, intermediate chemicals and polymers. The basic petrochemicals market is projected to grow from 250.3 Million tons in 2016 to 310.3 Million tons by 2021, at a CAGR of 4.4% from 2016 to 2021.

Pune, India - April 5, 2017 /MarketersMedia/ —

“The high-growth application areas such as packaging, construction, and automotive is driving the consumption of petrochemicals market“

The Top 15 Petrochemicals Market report is divided into three sub parts, basic petrochemicals, basic intermediate chemicals, and basic polymers. The basic petrochemicals market is projected to grow from 250.3 million tons in 2016 to 310.3 million tons by 2021, at a CAGR of 4.4% from 2016 to 2021. Rise in demand of commodity plastics in emerging economies of Southeast Asia and the Middle East fuels the market growth. Also, the growth in end-use industries such as automotive, packaging, electronics & electricals globally is driving the petrochemicals market.

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“Xylenes is projected to be the fastest-growing basic petrochemical”

Xylenes is a colourless liquid and most important petrochemical. It is used as an intermediate to manufacture polyester (via polytetraphaltic acid (PTA) and DMT (Dimethyltryptamine). The xylenes market is projected to grow at a CAGR 6% during the forecast period. The growth is attributed to the rise in demand for polyester fiber (fibers, fabrics and floor coverings) & polyester resins for beverage containers. Exxon Mobil is the largest producer of xylenes in the world having operations in North America, Western Europe, and Southeast Asia. JX Nippon (Japan), Reliance Industries (India), and BP (U.K.), and Lyondell Basell (Switzerland) are some of the other major players in the xylenes market, globally. The demand for para xylene is expected to rise in the U.S. because of commencement of new derivative plant by Mossi and Ghisolfi (M&G), in Texas. The plant will have a capacity of 1.3m ton/year PTA and 1.1m ton/year PET.

“Asia-Pacific is the fastest-growing market for petrochemicals”

Asia-Pacific is the fastest-growing market for petrochemicals. The growth of the market in the region is attributed to expansion of production capacity, high demand for end-use products, and others. On the other hand, the matured markets of North America and Europe would witness slow growth as high as compared to Asia-Pacific. These markets are becoming saturated, as companies operating in this market are shifting their manufacturing bases to low cost countries such as India, Malaysia, and China among others.With the recent expansion activities by key players in the Asia-Pacific region; the demand for petrochemicals in this region is projected to grow at the highest CAGR between 2016 and 2021.

Market Ecosystem:

Petrochemicals are derived from various feedstocks, viz ethane, gas oil, methanol, & naphtha. The type of feedstock generally changes from region to region. Generally, the petrochemical industry players are strongly backward integrated. Almost all companies have petrochemical complexes crackers in the U.S., which produces aromatics and olefins products at competitive rates enabling them to produce low cost resins for plastics.

Key Target Audience:

• Petrochemicals Manufacturers
• Raw Material Suppliers
• Manufacturing Technology Providers
• Regional Manufacturers’ Associations and General Petrochemicals Association
• Traders, Distributors, and Suppliers Of Petrochemicals & Polymers
• Manufacturers in End-Use Industries
• Government and Regional Agencies and Research Organizations
• Investment Research Firms

Scope of the report:

This research report forecasts market size, in terms of both volume and analyzes trends in each of the submarkets. It categorizes the global market for petrochemicals on the basis of the following segments:

On the basis of Type of Petrochemical :

• Ethylene
• Propylene
• Benzene
• Butadiene
• Xylenes
• Toluene

On the basis of Type of Intermediate Chemicals :

• Methanol
• Ethylene oxide
• Propylene oxide

On the basis of Type of Polymer :

• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl chloride (PVC)
• Polystyrene (PS)
• Polyester (PET)
• Acrylonitrile butadiene styrene (ABS)

On the basis of Application :

• Construction
• Packaging
• Automotive
• Electrical & Electronics
• Aerospace
• Consumer Goods
• Others

On the basis of Region:

• North America
• Europe including Russia
• Asia-Pacific
• Middle East & Africa
• Latin America
• Product Analysis

Product Matrix that gives a detailed comparison of product portfolio of each company

• Regional Analysis

Further breakdown of a region with respect to a particular country

• Company Information

Detailed analysis and profiling of additional market players (up to 5)

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In the process of determining and verifying the market size for the several segments and sub segments gathered through
secondary research, extensive primary interviews were conducted as follows:

• By Company Type: Tier 1 (34%), Tier 2 (33%), and Tier 3 (33%).
• By Designation: C-level (12%), Director Level (25%), and Others (63%).
• By Region: North America (11%), Europe (11%), Asia-Pacific (56%), Middle East & Africa (11%), and Latin America (11%)

Various key players profiled in the report include Lyondell Basell (Switzerland), SABIC (Saudi Arabia), BP (UK), Exxon Mobil (U.S.), Dow (U.S.), INEOS (U.S.), BASF (Germany), Reliance Industries (India), and Total SA (France) among others.This study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided under three categories: by company type; by designation; and by region.

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