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Published Date: 2014-11-28Number of Pages: 112

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

Global Petrochemicals Market: Snapshot

The global petrochemicals market is growing at a significant pace and is likely to witness a healthy competition in the next few years. The increasing focus on the expansion of the product portfolio and the rising application areas are anticipated to encourage the growth of the global market throughout the forecast period. The market is likely to witness a substantial demand from emerging economies worldwide. Furthermore, the development of the automotive sector and the increasing construction activities are predicted to supplement the growth of the market across the globe.

According to the research study, the global market for petrochemicals is expected to reach a value of US$885.1 bn by the end of 2020. The market is likely to exhibit a progressive 6.80% CAGR between 2014 and 2020.

Rising Government Support to Bolster Global Petrochemicals Market

The rising demand from several end use industries and the rising government support in emerging economies are the key factors that are estimated to encourage the growth of the global petrochemicals market throughout the forecast period. In addition, the easy availability of raw materials in several nations of the Middle East is anticipated to accelerate the development of the overall market in the next few years.

On the flip side, a tremendous rise in the environmental issues and the rising shift towards the development of bio-based chemicals are expected to hamper the growth of the global petrochemicals market in the coming years. Nonetheless, the increasing use of shale gas and coal as a major feedstock for petrochemicals production is predicted to contribute towards the overall development of the market in the near future.

Flourishing Automotive Industry in China to Augment Petrochemicals Market in Asia Pacific

Among the key regional segments, Asia Pacific led the global petrochemicals market in the last few years, thanks to the substantial contribution from China. The developing construction and automotive industries in China is likely to encourage the growth of the Asia Pacific market throughout the forecast period. Furthermore, India is predicted to register a progressive growth rate in the next few years and contribute significantly towards the growth of the Asia Pacific market. The robust growth of this nation can be attributed to the rising demand for several products containing petrochemicals and the rapid development of the manufacturing sector in the last few years.

Furthermore, the petrochemicals market in the Middle East and Africa is anticipated to play a significant role in the development of the overall market. This region is considered as one of the major petroleum producer, thanks to the easy availability of petroleum. The leading companies operating in this region are expected to be benefitted substantially throughout the forecast period. Europe and North America petrochemicals market are anticipated to grow at a moderate pace in the next few years.

Rising Mergers and Acquisitions to Contribute Towards Market Growth

The global petrochemicals market has been divided on the basis of product segment into xylene, butadiene, ethylene, styrene, toluene, benzene, methanol, propylene, and vinyls. In the last few years, the ethylene segment accounted for a large share of the global market. This segment is estimated to remain in the leading position throughout the forecast period.

Some of the prominent players operating in the petrochemicals market across the globe are Chevron Phillips Chemical Company LLC, Sinopec Limited, Shell Chemical Company, E. I. du Pont de Nemours and Company, Sumitomo Chemical Co. Ltd., Total S.A., LyondellBasell Industries, SABIC, BASF SE, ExxonMobil, and The Dow Chemical Company. These companies are focusing on collaborations and mergers with regional and small-size companies in order to attain a leading position and enhance their presence across the globe.

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


 
 
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