Market Research Reports

Petrochemicals (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Vinyls, Styrene and Methanol) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

112pages
Published Date: 2014-11-28
 

Description


Petrochemicals are an essential part of commodities used in daily lives. They are used in various end-use industries, ranging from manufacturing to consumer goods. Petrochemicals are chemical compounds derived from petroleum and other hydrocarbons, which are obtained from crude oil and natural gas. They are primarily used as chemical building blocks for a variety of materials and applications. Rising demand for petrochemicals in major end-use industries coupled with favorable operating conditions, primarily in the Middle East and Asia Pacific, is expected to drive the global market for petrochemicals from 2013 to 2030. Demand for bio-based chemicals is increasing due to growing consumer awareness and benefits associated with their usage. Investment in bio-based chemicals in the public sector (including national laboratories and universities) and commercial sector (including large multinational corporations) is anticipated to increase in the near future. Therefore, this trend is estimated to hamper the petrochemicals market. Additionally, volatility in prices of crude oil & natural gas is likely to inhibit market growth. However, rising shale gas discoveries, primarily in North America (including the U.S. and Canada) is benefitting petrochemical producers, since shale gas is considered a substitute feedstock that is used in the manufacture of petrochemicals. 

The report provides analysis and forecast for the global petrochemicals market in terms of volume (million tons) and revenue (US$ Bn) from 2013 to 2020. The study segments the market based on product type into ethylene, propylene, butadiene, benzene, xylene, toluene, vinyls, styrene and methanol. The report further analyzes each product type based on their application and region from 2013 to 2030. The report also includes estimates and forecast of demand for petrochemicals in major geographical regions including North America, Europe, China, Rest of Asia Pacific, the Middle East & Africa, and Latin America. The market size and forecast for each region has been provided for the period from 2013 to 2020 along with the CAGR (%) for the forecast period between 2014 and 2020. All product segments are forecast for the period from 2013 to 2020 in terms of volume (million tons) and revenue (US$ Bn). 

The report also comprises a detailed value chain analysis that offers a comprehensive view of value addition at each stage of the value chain. The value chain of petrochemical is significantly integrated, both from the downstream and the upstream perspective. It is dominated by refineries that process raw crude oil, natural gas and coal to manufacture olefins and aromatics through fluid catalytic cracking of petroleum fractions. The study includes Porter’s Five Forces model, which analyzes the existing competition, bargaining power of suppliers, bargaining power of buyers, threat from substitutes, and threat from new entrants. The report includes drivers and restraints affecting the growth of the petrochemicals market, and the impact of these factors on the market in the near future. Additionally, it provides opportunities for the petrochemicals market on the global level during the forecast period. The report also includes market shares of major companies operating in the global petrochemicals market. It also provides market attractiveness of petrochemicals. The market attractiveness analysis is based on various factors such as market size of each product, growth rate during the forecast period, demand for downstream products, and government and environmental regulations. 

The report comprises company profiles of major players in the market. These profiles cover parameters such as company overview, product portfolio, financial overview, business strategies, and recent developments. Major players analyzed in the report include BASF SE, ExxonMobil, The Dow Chemical Company, Shell Chemical Company, SABIC, Sinopec Limited, LyondellBasell Industries, Total S.A., Sumitomo Chemical Co. Ltd., Chevron Phillips Chemical Company LLC and E. I. du Pont de Nemours and Company.

This report segments the global petrochemicals market as follows:
  • Petrochemicals Market: Product Segment Analysis
    • Ethylene
      • Polyethylene
      • Ethylene oxide
      • Ethylene dichloride
      • Ethyl benzene
      • Other (Including Alpha olefins and vinyl acetate)
    • Propylene
      • Polypropylene
      • Propylene oxide
      • Acrylonitrile
      • Cumene
      • Acrylic acid
      • Isopropanol
      • Other (Including Polygas chemicals and oxo-chemicals)
    • Butadiene
      • Styrene-butadiene rubber
      • Butadiene rubber
      • Acrylonitrile butadiene styrene
      • Styrene-butadiene latex
      • Other (Including Nitrile rubber and mechanical belts)
    • Benzene
      • Ethyl benzene
      • Cumene
      • Cyclohexane
      • Nitrobenzene
      • Alkyl benzene
      • Other (Including Maleic anhydride)
    • Xylene
    • Toluene
      • Benzene
      • Xylenes
      • Solvents
      • Toluene diisocyanate
      • Other (Including Pesticides, drugs and nitrotoluene)
    • Vinyls
    • Styrene
      • Polystyrene
      • Expandable polystyrene
      • Acrylonitrile butadiene styrene
      • Styrene-butadiene latex
      • Unsaturated polyester resins
      • Styrene-butadiene rubber
      • Other (Including copolymer resins)
    • Methanol
      • Formaldehyde
      • Gasoline
      • Acetic acid
      • Methyl Tertiary Butyl Ether (MTBE)
      • Dimethyl ether
      • Methanol to olefins (MTO)
      • Other (Including biodiesel, solvent and chloromethane)
  • Petrochemicals Market: Regional Analysis
    • North America
    • Europe
    • China
    • Rest of Asia Pacific
    • Middle East & Africa
    • Latin America

Table of Contents


Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Petrochemicals - Industry Analysis
3.1 Introduction
      3.1.1 Key petrochemicals and applications
3.2 Value chain analysis
3.3 Market Drivers
      3.3.1 Growing demand from end-use industries and government support in Asia Pacific
               3.3.1.1 Government support in Asia Pacific
      3.3.2 Abundant availability of raw materials in the Middle East
3.4 Restraints
      3.4.1 Shift towards developing bio-based chemicals
      3.4.2 Growing environmental issues
3.5 Opportunities
      3.5.1 Emergence of coal and shale gas as key feedstock for petrochemicals production
3.6 Raw material price analysis
      3.6.1 Crude oil outlook
      3.6.2 Naphtha outlook
      3.6.3 Refining technology outlook
3.7 Porter’s five forces analysis
      3.7.1 Bargaining power of suppliers
      3.7.2 Bargaining power of buyers
      3.7.3 Threat of new entrants
      3.7.4 Threat of substitutes
      3.7.5 Degree of competition
3.8 Market attractiveness analysis
      3.8.1 Global petrochemicals market attractiveness, by product type, 2013
3.9 Company market share analysis
      3.9.1 Global petrochemicals: Company market share analysis, 2013

Chapter 4 Petrochemicals - Product Segment Analysis
4.1 Petrochemicals market: Product overview
      4.1.1 Global petrochemicals market volume share, by product type, 2013 and 2020
4.2 Ethylene
      4.2.1 Global ethylene market volume, by region, 2013 – 2020 (Mn Tons)
      4.2.2 Global ethylene market revenue, by region, 2013 – 2020 (US$ Bn)
      4.2.3 Global ethylene market volume, by application, 2013 – 2020 (Mn Tons)
      4.2.4 Global ethylene market revenue, by application, 2013 – 2020 (US$ Bn)
4.3 Propylene
      4.3.1 Global propylene market volume, by region, 2013 – 2020 (Mn Tons)
      4.3.2 Global propylene market revenue, by region, 2013 – 2020 (US$ Bn)
      4.3.3 Global propylene market volume, by application, 2013 – 2020 (Mn Tons)
      4.3.4 Global propylene market revenue, by application, 2013 – 2020 (US$ Bn)
4.4 Butadiene
      4.4.1 Global butadiene market volume, by region, 2013 – 2020 (Mn Tons)
      4.4.2 Global butadiene market revenue, by region, 2013 – 2020 (US$ Bn)
      4.4.3 Global butadiene market volume, by application, 2013 – 2020 (Mn Tons)
      4.4.4 Global butadiene market revenue, by application, 2013 – 2020 (US$ Bn)
4.5 Benzene
      4.5.1 Global benzene market volume, by region, 2013 – 2020 (Mn Tons)
      4.5.2 Global benzene market revenue, by region, 2013 – 2020 (US$ Bn)
      4.5.3 Global benzene market volume, by application, 2013 – 2020 (Mn Tons)
      4.5.4 Global benzene market revenue, by application, 2013 – 2020 (US$ Bn)
4.6 Xylene
      4.6.1 Global xylene market volume, by region, 2013 – 2020 (Mn Tons)
      4.6.2 Global xylene market revenue, by region, 2013 – 2020 (US$ Bn)
4.7 Toluene
      4.7.1 Global toluene market volume, by region, 2013 – 2020 (Mn Tons)
      4.7.2 Global toluene market revenue, by region, 2013 – 2020 (US$ Bn)
      4.7.3 Global toluene market volume, by application, 2013 – 2020 (Mn Tons)
      4.7.4 Global toluene market revenue, by application, 2013 – 2020 (US$ Bn)
4.8 Vinyls
      4.8.1 Global vinyls market volume, by region, 2013 – 2020 (Mn Tons)
      4.8.2 Global vinyls market revenue, by region, 2013 – 2020 (US$ Bn)
4.9 Styrene
      4.9.1 Global styrene market volume, by region, 2013 – 2020 (Mn Tons)
      4.9.2 Global styrene market revenue, by region, 2013 – 2020 (US$ Bn)
      4.9.3 Global styrene market volume, by application, 2013 – 2020 (Mn Tons)
      4.9.4 Global styrene market revenue, by application, 2013 – 2020 (US$ Bn)
4.10 Methanol
      4.10.1 Global methanol market volume, by region, 2013 – 2020 (Mn Tons)
      4.10.2 Global methanol market revenue, by region, 2013 – 2020 (US$ Bn)
      4.10.3 Global methanol market volume, by application, 2013 – 2020 (Mn Tons)
      4.10.4 Global methanol market revenue, by application, 2013 – 2020 (US$ Bn)

Chapter 5 Petrochemicals - Regional Analysis
5.1 Petrochemicals market: Geographic overview
      5.1.1 Global petrochemicals market volume share, by geography, 2013 and 2020
5.2 North America
      5.2.1 North America petrochemicals market, 2013 – 2020 (Mn Tons) (US$ Bn)
5.3 Europe
      5.3.1 Europe petrochemicals market, 2013 – 2020 (Mn Tons) (US$ Bn)
5.4 China
      5.4.1 China petrochemicals market, 2013 – 2020 (Mn Tons) (US$ Bn)
5.5 Rest of Asia
      5.5.1 Rest of Asia petrochemicals market, 2013 – 2020 (Mn Tons) (US$ Bn)
5.6 Middle East & Africa
      5.6.1 Middle East & Africa petrochemicals, 2013 – 2020 (Mn Tons) (US$ Bn)
5.7 Latin America
      5.7.1 Latin America petrochemicals market, 2013 – 2020 (Mn Tons) (US$ Bn)

Chapter 6 Company Profiles
6.1 BASF SE
      6.1.1 Company overview
      6.1.2 Product portfolio
      6.1.3 Financial overview
      6.1.4 Business strategies
      6.1.5 Recent developments
6.2 The Dow Chemical Company
      6.2.1 Company overview
      6.2.2 Product portfolio
      6.2.3 Financial overview
      6.2.4 Business strategies
      6.2.5 Recent developments
6.3 China Petroleum & Chemical Corporation (Sinopec)
      6.3.1 Company overview
      6.3.2 Product portfolio
      6.3.3 Financial overview
      6.3.4 Business strategies
      6.3.5 Recent developments
6.4 Royal Dutch Shell plc
      6.4.1 Company overview
      6.4.2 Product portfolio
      6.4.3 Financial overview
      6.4.4 Business strategies
      6.4.5 Recent developments
6.5 Saudi Basic Industries Corporation (SABIC)
      6.5.1 Company overview
      6.5.2 Product portfolio
      6.5.3 Financial overview
      6.5.4 Business strategies
      6.5.5 Recent developments
6.6 ExxonMobil Corporation
      6.6.1 Company overview
      6.6.2 Product portfolio
      6.6.3 Financial overview
      6.6.4 Business strategies
      6.6.5 Recent developments
6.7 British Petroleum plc
      6.7.1 Company overview
      6.7.2 Product portfolio
      6.7.3 Financial overview
      6.7.4 Business strategy
      6.7.5 Recent developments
6.8 Chevron Corporation
      6.8.1 Company overview
      6.8.2 Product portfolio
      6.8.3 Financial overview
      6.8.4 Business strategies
      6.8.5 Recent developments
6.9 LyondellBasell Industries
      6.9.1 Company overview
      6.9.2 Product portfolio
      6.9.3 Financial overview
      6.9.4 Business strategies
      6.9.5 Recent developments
6.10 INEOS AG
      6.10.1 Company overview
      6.10.2 Product portfolio
      6.10.3 Financial revenue
      6.10.4 Business strategies
      6.10.5 Recent developments
6.11 China National Petroleum Corporation (CNPC)
      6.11.1 Company overview
      6.11.2 Product portfolio
      6.11.3 Business strategies
6.12 E.I. du Pont de Nemours & Company (DuPont)
      6.12.1 Company overview
      6.12.2 Product portfolio
      6.12.3 Financial overview
      6.12.4 Business strategies

List of Figures 

FIG. 1 Global Petrochemicals Market Estimates And Forecast, 2013 – 2020 (Mn Tons) (US$ Bn)
FIG. 2 Petrochemicals: Value Chain Analysis
FIG. 3 China Construction Industry, 2012 - 2020 (US$ Bn)
FIG. 4 Chinese Passenger Car Plastics Revenues, 2012 - 2020 (US$ Bn)
FIG. 5 World Crude Oil Reserves Market Share, By Region, 2013
FIG. 6 Global Bio-Based Chemicals Market, 2013 - 2020 (Mn Tons) (US$ Bn)
FIG. 7 Global and China Carbon Dioxide Emissions, (2008 - 2013) (Bn Tons)
FIG. 8 China Coal Production And Consumption, 2007 - 2013 (Mn Tons Oil Equivalent)
FIG. 9 Top 10 Countries With Technically Recoverable Shale Gas Resources, 2012 (Tn Cubic Feet)
FIG. 10 Global Naphtha Price Trend, 2008 – 2013 (US$/Ton)
FIG. 11 Global Natural Gas And Ethane Trend , 2008 – 2013 (US$/MMBtu)
FIG. 12 Global Refining Technology Margins By Crude Type, 2008 – 2013 (US$/barrel)
FIG. 13 Porter’s Five Forces Analysis
FIG. 14 Global Petrochemicals Market, By Product Type, 2013
FIG. 15 Global Petrochemicals: Company Market Share Analysis, 2013
FIG. 16 Global Petrochemicals Market Volumes Share, By Type, 2013 and 2020
FIG. 17 Global Petrochemicals Market Volume Share, By Region, 2013 And 2020
FIG. 18 North America Petrochemicals Market, 2013 – 2020 (Mn Tons) (US$ Bn)
FIG. 19 Europe Petrochemicals Market, 2013 – 2020 (Mn Tons) (US$ Bn)
FIG. 20 China Petrochemicals Market, 2013 – 2020 (Mn Tons) (US$ Bn)
FIG. 21 Rest of Asia Petrochemicals Market, 2013 – 2020 (Mn Tons) (US$ Bn)
FIG. 22 Middle East & Africa Petrochemicals Market, 2013 – 2020 (Mn Tons) (US$ Bn)
FIG. 23 Latin America petrochemicals market, 2013 – 2020 (Mn Tons) (US$ Bn)

List of Tables

TABLE 1 Global petrochemicals market snapshot
TABLE 2 Drivers for petrochemicals market: Impact analysis
TABLE 3 Restraints of petrochemicals market: Impact analysis
TABLE 4 Major developments in global bio-based chemicals market
TABLE 5 Global crude oil price trend, by crude, 2008 - 2013 (US$/barrel)
TABLE 6 Global ethylene market volume, by region, 2013- 2020 (Mn Tons)
TABLE 7 Global ethylene market revenue, by region, 2013 – 2020 (US$ Bn)
TABLE 8 Global ethylene market volume, by application, 2013- 2020 (Mn Tons)
TABLE 9 Global ethylene market revenue, by application, 2013 – 2020 (US$ Bn)
TABLE 10 Global propylene market volume, by region, 2013 − 2020 (Mn Tons)
TABLE 11 Global propylene market revenue, by region, 2013 – 2020 (US$ Bn)
TABLE 12 Global propylene market volume, by application, 2013 − 2020 (Mn Tons)
TABLE 13 Global propylene market revenue, by application, 2013 – 2020 (US$ Bn)
TABLE 14 Global butadiene market volume, by region, 2013 - 2020 (Mn Tons)
TABLE 15 Global butadiene market revenue, by region, 2013 – 2020 (US$ Bn)
TABLE 16 Global butadiene market volume, by application, 2013- 2020 (Mn Tons)
TABLE 17 Global butadiene market revenue, by application, 2013 – 2020 (US$ Bn)
TABLE 18 Global benzene market volume, by region, 2013 − 2020 (Mn Tons)
TABLE 19 Global benzene market revenue, by region, 2013 – 2020 (US$ Bn)
TABLE 20 Global benzene market volume, by application, 2013 − 2020 (Mn Tons)
TABLE 21 Global benzene market revenue, by application, 2013 – 2020 (US$ Bn)
TABLE 22 Global xylene market volume, by region, 2013- 2020 (Mn Tons)
TABLE 23 Global xylene market revenue, by region, 2013 – 2020 (US$ Bn)
TABLE 24 Global toluene market volume, by region, 2013- 2020 (Mn Tons)
TABLE 25 Global toluene market revenue, by region, 2013 – 2020 (US$ Bn)
TABLE 26 Global toluene market volume, by application, 2013- 2020 (Mn Tons)
TABLE 27 Global toluene market revenue, by application, 2013 – 2020 (US$ Bn)
TABLE 28 Global vinyls market volume, by region, 2013- 2020 (Mn Tons)
TABLE 29 Global vinyls market revenue, by region, 2013 – 2020 (US$ Bn)
TABLE 30 Global styrene market volume, by region, 2013 − 2020 (Mn Tons)
TABLE 31 Global styrene market revenue, by region, 2013 – 2020 (US$ Bn)
TABLE 32 Global styrene market volume, by application, 2013 − 2020 (Mn Tons)
TABLE 33 Global styrene market revenue, by application, 2013 – 2020 (US$ Bn)
TABLE 34 Global methanol market volume, by region, 2013- 2020 (Mn Tons)
TABLE 35 Global methanol market revenue, by region, 2013 – 2020 (US$ Bn)
TABLE 36 Global methanol market volume, by application, 2013- 2020 (Mn Tons)
TABLE 37 Global methanol market revenue, by application, 2013 – 2020 (US$ Bn)

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Free Market Analysis


Petrochemicals are chemical products derived from crude oil and natural gas. Petrochemicals play an important role in the chemicals industry. Various chemicals are derived from petrochemicals. Petrochemicals significantly impact the economic growth and development of the manufacturing industry. Hence, the importance of value addition in the petrochemicals market is higher than in any other industrial sector. Petrochemicals are used in almost all the sectors; however, these are primarily used in construction, agriculture, packaging, automotive and electrical & electronics industries. Therefore, growth in these end-use industries, especially in Asia Pacific, is anticipated to boost the petrochemicals market during the forecast period. Abundant availability of raw materials, especially in the Middle East, is further augmenting market growth. However, shift towards bio-based chemicals coupled with environmental issues arising due to the usage of various petrochemicals is expected to hamper market growth during the forecast period. Furthermore, volatility in prices of raw materials is projected to negatively affect market growth. Shale gas evolution in North America is likely to change the dynamics of the global petrochemicals industry by 2020. 

Ethylene is considered the building block for producing various intermediary chemicals and their derivatives. Ethylene was the leading petrochemical product, accounting for over 25% share of the global petrochemicals market in 2013. Global demand for ethylene is anticipated to be led by rising demand for polyethylene in major end-use industries such as packaging. Ethylene was followed by propylene and methanol, respectively, in terms of volume in 2013. In terms of revenue, the propylene market is estimated to reach US$ 172.05 Bn by 2020. Demand for butadiene in Rest of Asia Pacific is anticipated to increase due to higher demand for butadiene in acrylonitrile butadiene styrene (ABS) and styrene-butadiene rubber. Methanol is projected to be the fastest growing product segment between 2014 and 2020. Growth of methanol is directly related to its increasing usage in gasoline blending and methanol to olefins (MTO) processes. Consumption of benzene was the highest in the Rest of Asia Pacific in 2013. However, the market for benzene in the region is likely to grow at a flat rate in terms of volume from 2014 to 2020.

China emerged as the leading consumer of petrochemicals in 2013 and accounted for over 25% of the global demand in the same year. Initiatives taken by the government of China to boost the petrochemicals market coupled with growth in end-use industries in the region is expected to significantly drive the market during the forecast period. Apart from being the largest market, China is anticipated to be the fastest growing market for petrochemicals, expanding at a high CAGR between 2014 and 2020. Rest of Asia Pacific was the second-largest consumer of petrochemicals across the globe in 2013. Increasing demand for downstream products, especially in India, is projected to boost market growth in the region. Demand for petrochemicals in the Middle East and Africa is primarily led by rapid capacity additions in the region. The market for petrochemicals in North America and Europe is estimated to grow at moderate rate during the forecast period.

The global market for petrochemicals is highly fragmented in nature. It is dominated by top multinational corporations operating across the petrochemicals value chain. These multinationals constantly strive to acquire small manufacturers to expand their market share and widen the product portfolios. Most manufacturers are shifting production units to Asia Pacific due to abundant availability of raw materials and cheap labor vis-à-vis developed countries. Major players in the market include BASF SE, ExxonMobil, The Dow Chemical Company, Shell Chemical Company, SABIC, Sinopec Limited, LyondellBasell Industries, Total S.A., Sumitomo Chemical Co. Ltd., Chevron Phillips Chemical Company LLC and E. I. du Pont de Nemours and Company.

global-petrochemicals-market

 

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