The Petrochemicals Global Market Report 2020-30 by The Business Research Company describes and explains the global petrochemicals market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Petrochemicals Global Market Opportunities And Strategies Report covers petrochemicals market drivers, petrochemicals market trends, petrochemicals market segments, petrochemicals market growth rate, petrochemicals market major players, and petrochemicals market size.
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The petrochemicals market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Petrochemicals Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Trends in the market include:
Automation And Instrumentation Solutions-
Petrochemical companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters and pressure transmitters that help to improve an organizations operational efficiency. For example, Siemens process instrumentation and gas analytics solutions increases productivity and efficiency during plant operations.
On-Purpose Propylene Technology To More Efficiently Extract Propylene-
Petrochemicals companies are adopting on-purpose propylene production technologies to produce propylene as a sole product but not as an alternate or co-product. On-purpose propylene technology refers to a modified version of traditional fluid catalytic cracking unit which increases propylene yield to 20% more than the actual output. Traditional sources for propylene which include steam crackers and oil refineries yield less propylene as a derivative or co-product due to the shift in feedstocks from naphtha to ethane. To meet the increased demand for propylene, petrochemical companies are investing to develop on-purpose technologies to accelerate the shortfall of propylene production. Major on-purpose technologies include propane dehydrogenation, methanol-to-olefins/methanol-to-propylene (MTO/MTP), high-severity fluidized catalytic cracking (HS-FCC), coal-to-olefins/coal-to-propylene (CTO/CTP) and gas-to-olefins (GTO). For Instance, major companies adopting this technology include, BASF, Dow Chemical, ExxonMobil Chemical and Sidi Kerir Petrochemicals Co. (SIDPEC).
The market is segmented:
By Type –
1. Ethylene
2. Propylene
3. Benzene
4. Xylene
5. Styrene
6. Toluene
7. Cumene
8. Others
By End-User –
1. Textile
2. Furniture
3. Paints And Coatings
4. Pharmaceuticals
5. Synthetic Rubber And Fibers
6. Plastic Materials And Resins
7. Toiletries And Cleaning Compounds
8. Others
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