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Top 15 Petrochemicals Market

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Top 15 Petrochemicals Market report categorizes global market on the basis of type of Petrochemical, type of Intermediate Chemicals, type of polymer, and end-user industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2
Top 15 Petrochemicals Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2018-2026
Petrochemicals play an important role in the 21st century lifestyle and are
utilized in various end use industries. The oil & gas Industry provides the
feedstock in the form of crude oil, natural gas and their derivatives. Different
kinds of processes employed on crude oil, and natural gas yield different
products. The most sought-after product is ethylene, which holds a 25% market
share in the global petrochemicals market. It is used as a feedstock for
manufacture of polyethylene, polystyrene, ethylene glycol and ethanol. Ethylene
is followed by benzene, propylene, xylene, butadiene in terms of market share.
Some petrochemicals are used widely around the world in various application
includes dyes, detergents, paint, plastic, rubber, textiles and fertilizers. The
major drivers are the high dependency and lack of large scale alternatives to
petrochemical products. The major competitor to petrochemicals are bio-based
chemicals and as environmental consciousness increases, investment in
bio-based chemicals is likely to escalate. In addition oil price instability also
affects growth.
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Ethylene, propylene are the most dominant chemicals in terms of market share,
and are major feedstock for the manufacture of polyethylene, polypropylene and
polypropylene oxide. Xylene is projected to be the fastest growing
petrochemical market due to demand for polyester fibers. Furthermore,
chemicals such as methanol, ethylene oxide and propylene oxide are used as
reaction intermediates for light olefins, ethylene glycol, and polyurethane
plastics respectively. Moreover, ethylene Oxide is also used as a fumigant and
disinfectant. All the end user industries are majorly dependent on polymers
with polystyrene being the most widely used. PVC is commonly used for pipes,
furniture, and flooring application; and polyethylene for plastic bottles to
consume edible and non-edible liquids.
The major players in the Petrochemical Industry are BASF SE, ExxonMobil,
The Dow Chemical Company, Shell Chemical Company, SABIC, Sinopec
Limited, Lyondell Basell Industries, Total S.A., Sumitomo Chemical Co. Ltd.,
Chevron Phillips Chemical Company LLC and E. I. du Pont de Nemours and
Company.
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