The Business Research Company’s Petrochemicals Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Petrochemicals Global Market Report 2023 evaluates petrochemicals market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global petrochemicals market is expected to grow to $682,814.8 million in 2027 at a rate of 4.8%. The market is then expected to grow at a CAGR of 4.7% from 2027 and reach $858,351.3 million in 2032.
Growth in the historic period resulted from the increasing industrial manufacturing of thermoplastic, strong economic growth in emerging markets, the accelerating production of natural gas, the growing demand for plastics, the rapid increase in oil production and growth
During the forecast period, demand for electronic products will support the growth of the petrochemicals market. Petrochemicals are a key source of raw materials in the electronics industry, as they are used in batteries and screens and other household goods. For instance, in April 2020, according to a market figure published by Consumer and Home Electronics GmbH, a Germany-based consumer electronics company, with 31.2 billion Euros in sales in 2021, the consumer electronics segment was up 2.5% from 2020. Additionally, the segment of IT goods for private use grew positively, increasing by 3.1% to 8.7 billion euros. Thus, the rising demand for electronic products will drive the petrochemicals market going forward.
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The petrochemicals market segments in the report are:
1) By Type: Ethylene; Propylene; Benzene; Xylene; Styrene; Toluene; Cumene; Other Petrochemicals
2) By End-User: Textile; Furniture; Paints And Coatings; Pharmaceuticals; Synthetic Rubber And Fibers; Plastic Materials And Resins; Toiletries And Cleaning Compounds; Other End Users”
The table of contents in TBRC’s petrochemicals market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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20. Africa Market
21. Competitive Landscape And Company Profiles
22. Key Mergers And Acquisitions
23. Opportunities And Strategies
24. Appendix
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