Petrochemical Market Size, Share, and Trends 2024 to 2034

Petrochemical Market Size, Share & Growth Analysis Report By Product Type(Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Methanol), By Manufacturing processes (Fluid Catalytic Cracking (FCC), Steam cracking, Catalytic reforming), By Application (Aerospace, Agriculture, Automotive, Building & Construction, Consumer & Industrial Goods, and Others) - Global Industry Analysis, Trends, Segment Forecasts, Regional Outlook 2024 - 2033

  • Last Updated : May 2024
  • Report Code : 1193
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Product Types
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Petrochemicals Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Petrochemicals Market

5.1. Covid-19: Petrochemicals Industry Impact
5.2. Petrochemicals Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Petrochemicals Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Petrochemicals Market Players to deal with Covid-19 Pandemic Scenario

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Rising demand for downstream products from end-use industries
6.1.1.2. Increasing capacity additions in the base chemical industry
6.1.2. Market Restraints
6.1.2.1. Fluctuating raw material prices
6.1.3. Market Opportunities
6.1.3.1. Emerging applications and markets

Chapter 7. Global Petrochemicals Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Petrochemicals Market Revenue by Market Players
7.1.1.2. Petrochemicals Market Revenue Market Share by Market Players
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio, Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End user

Chapter 8. Global Petrochemicals Market, By Product Type

8.1. Petrochemicals Market, by Product Type, 2024-2033
8.1.1. Ethylene
8.1.2. Market Revenue and Forecast (2021-2033)
8.1.2.1. Polyethylene
8.1.2.2. Market Revenue and Forecast (2021-2033)
8.1.2.3. Ethylene oxide
8.1.2.4. Market Revenue and Forecast (2021-2033)
8.1.2.5. EDC
8.1.2.6. Market Revenue and Forecast (2021-2033)
8.1.2.7. Ethyl benzene
8.1.2.8. Market Revenue and Forecast (2021-2033)
8.1.2.9. Other (including alpha olefins, vinyl acetate, etc.)
8.1.2.10. Market Revenue and Forecast (2021-2033)
8.1.3. Propylene
8.1.4. Market Revenue and Forecast (2021-2033)
8.1.4.1. Polypropylene
8.1.4.2. Market Revenue and Forecast (2021-2033)
8.1.4.3. Propylene oxide
8.1.4.4. Market Revenue and Forecast (2021-2033)
8.1.4.5. Acrylonitrile
8.1.4.6. Market Revenue and Forecast (2021-2033)
8.1.4.7. Cumene
8.1.4.8. Market Revenue and Forecast (2021-2033)
8.1.4.9. Acrylic acid
8.1.4.10. Market Revenue and Forecast (2021-2033)
8.1.4.11. Isopropanol
8.1.4.12. Market Revenue and Forecast (2021-2033)
8.1.4.13. Other
8.1.4.14. Market Revenue and Forecast (2021-2033)
8.1.5. Butadiene
8.1.6. Market Revenue and Forecast (2021-2033)
8.1.6.1. SB Rubber
8.1.6.2. Market Revenue and Forecast (2021-2033)
8.1.6.3. Butadiene rubber
8.1.6.4. Market Revenue and Forecast (2021-2033)
8.1.6.5. ABS
8.1.6.6. Market Revenue and Forecast (2021-2033)
8.1.6.7. SB latex
8.1.6.8. Market Revenue and Forecast (2021-2033)
8.1.6.9. Other (nitrile rubber, mechanical belts, etc.)
8.1.6.10. Market Revenue and Forecast (2021-2033)
8.1.7. Benzene
8.1.8. Market Revenue and Forecast (2021-2033)
8.1.8.1. Ethyl benzene
8.1.8.2. Market Revenue and Forecast (2021-2033)
8.1.8.3. Phenol/cumene
8.1.8.4. Market Revenue and Forecast (2021-2033)
8.1.8.5. Cyclohexane
8.1.8.6. Market Revenue and Forecast (2021-2033)
8.1.8.7. Nitrobenzene
8.1.8.8. Market Revenue and Forecast (2021-2033)
8.1.8.9. Alkyl benzene
8.1.8.10. Market Revenue and Forecast (2021-2033)
8.1.8.11. Other (including alkyl benzene, maleic anhydride)
8.1.8.12. Market Revenue and Forecast (2021-2033)
8.1.9. Xylene
8.1.10. Market Revenue and Forecast (2021-2033)
8.1.11. Toluene
8.1.12. Market Revenue and Forecast (2021-2033)
8.1.12.1. Benzene
8.1.12.2. Market Revenue and Forecast (2021-2033)
8.1.12.3. Xylenes
8.1.12.4. Market Revenue and Forecast (2021-2033)
8.1.12.5. Solvents
8.1.12.6. Market Revenue and Forecast (2021-2033)
8.1.12.7. TDI
8.1.12.8. Market Revenue and Forecast (2021-2033)
8.1.12.9. Others (including pesticides, drugs, nitro toluene, etc.)
8.1.12.10. Market Revenue and Forecast (2021-2033)
8.1.13. Methanol
8.1.14. Market Revenue and Forecast (2021-2033)
8.1.14.1. Formaldehyde
8.1.14.2. Market Revenue and Forecast (2021-2033)
8.1.14.3. Gasoline
8.1.14.4. Market Revenue and Forecast (2021-2033)
8.1.14.5. Acetic acid
8.1.14.6. Market Revenue and Forecast (2021-2033)
8.1.14.7. MTBE
8.1.14.8. Market Revenue and Forecast (2021-2033)
8.1.14.9. Dimethyl ether
8.1.14.10. Market Revenue and Forecast (2021-2033)
8.1.14.11. MTO/MTP
8.1.14.12. Market Revenue and Forecast (2021-2033)
8.1.14.13. Other
8.1.14.14. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Petrochemicals Market, By Manufacturing processes

9.1. Petrochemicals Market, by Manufacturing processes, 2024-2033
9.1.1. Fluid Catalytic Cracking (FCC)
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Steam cracking
9.1.2.1. Market Revenue and Forecast (2021-2033)
9.1.3. Catalytic reforming
9.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Petrochemicals Market, By Application

10.1. Petrochemicals Market, by Application, 2024-2033
10.1.1. Aerospace
10.1.1.1. Market Revenue and Forecast (2021-2033)
10.1.2. Agriculture
10.1.2.1. Market Revenue and Forecast (2021-2033)
10.1.3. Automotive
10.1.3.1. Market Revenue and Forecast (2021-2033)
10.1.4. Building & Construction
10.1.4.1. Market Revenue and Forecast (2021-2033)
10.1.5. Consumer & Industrial Goods
10.1.5.1. Market Revenue and Forecast (2021-2033)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global Petrochemicals Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Product Type(2021-2033)
11.1.2. Market Revenue Forecast by Manufacturing processes (2021-2033)
11.1.3. Market Revenue Forecast by Application (2021-2033)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2021-2033)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2021-2033)
11.2. Europe
11.2.1. Market Revenue Forecast by Product Type (2021-2033)
11.2.2. Market Revenue Forecast by Manufacturing processes (2021-2033)
11.2.3. Market Revenue Forecast by Application (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2021-2033)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2021-2033)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Product Type (2021-2033)
11.3.2. Market Revenue Forecast by Manufacturing processes (2021-2033)
11.3.3. Market Revenue Forecast by Application (2021-2033)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2021-2033)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2021-2033)
11.4. LATAM
11.4.1. Market Revenue Forecast by Product Type (2021-2033)
11.4.2. Market Revenue Forecast by Manufacturing processes (2021-2033)
11.4.3. Market Revenue Forecast by Application (2021-2033)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2021-2033)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2021-2033)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Product Type (2021-2033)
11.5.2. Market Revenue Forecast by Manufacturing processes (2021-2033)
11.5.3. Market Revenue Forecast by Application (2021-2033)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2021-2033)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2021-2033)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2021-2033)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2021-2033)

Chapter 12. Company Profiles

12.1. BASF SE
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio, Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Price, and Gross Margin
12.1.4. Recent Developments and Strategies
12.2. BP Plc.
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio, Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Price, and Gross Margin
12.2.4. Recent Developments and Strategies
12.3. DuPont de Nemours, Inc.
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio, Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Price, and Gross Margin
12.3.4. Recent Developments and Strategies
12.4. Total S.A.
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio, Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Price, and Gross Margin
12.4.4. Recent Developments and Strategies
12.5. Exxon Mobil Corp.
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio, Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Price, and Gross Margin
12.5.4. Recent Developments and Strategies
12.6. China Petroleum & Chemical Corporation
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio, Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Price, and Gross Margin
12.6.4. Recent Developments and Strategies
12.7. Saudi Arabian Oil Co.
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio, Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Price, and Gross Margin
12.7.4. Recent Developments and Strategies
12.8. Sumitomo Chemical Co., Ltd.
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio, Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Price, and Gross Margin
12.8.4. Recent Developments and Strategies
12.9. Dow
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio, Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Price, and Gross Margin
12.9.4. Recent Developments and Strategies
12.10. Chevron Phillips Chemical Company
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio, Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Price, and Gross Margin
12.10.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Frequently Asked Questions

The global petrochemical market size surpassed at USD 620.74 billion in 2023 and is expected to reach USD 1,132.80 billion by the end of 2033.

The global petrochemical market is growing at a remarkable CAGR of 6.2% during the forecast period 2024 to 2033.

Increasing usage of petrochemical in industrial applications including construction, automotive, aviation, food, electricals, paint and coatings, paper and pulp is major factor driving growth of the global petrochemical market. Additionally, capacity expansion of petrochemical by the major operating players is another factor expected to boost growth of the target market in the coming years.

Among the product type segment, ethylene segment is dominated the overall market in 2023 with more than 25% share in terms of revenue, owing to its wide applications in various end use industries including transportation, construction and packaging.

Among the application building & construction segment accounted for the significant share.

The major companies functioning in the worldwide petrochemical market include China Petroleum & Chemical Corporation, Exxon Mobil Corp., Chevron Phillips Chemical Company, Sumitomo Chemical Co., Ltd. BASF SE, Saudi Arabian Oil Co. DuPont de Nemours, Inc. Dow, BP Plc, Total S.A. among others.

Petrochemical is an essential part of the chemical industry due to its increased adoption for synthetic material production. Petrochemicals are majorly produced from hydrocarbons like butane, ethane, propane, and other components of natural gas or petroleum.

Thousands of end use products are manufactured using petrochemicals such as wind turbines, solar power panels, furniture, cosmetics, medicines, electronics, and plastics among others.

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