The Petrochemicals Global Market Report 2023, provides comprehensive information on the petrochemicals market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Petrochemicals Global Market Report 2023, the global petrochemicals market grew from $671.57 billion in 2022 to $693.3 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The petrochemicals market is expected to grow to $786.74 billion in 2027 at a CAGR of 3.2%.
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The petrochemicals market is segmented:
1) By Type: Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals
2) By Application: Polymers, Paints & Coatings, Solvents, Rubber, Adhesives & Sealants, Surfactants, Pigments & Dyes, Fibers & Fabrics, Other Applications
3) By End Userr Industry: Construction, Packaging, Automotive & Transportation, Healthcare, Electrical & Electronics, Other End-User Industries
Asia-Pacific was the largest region in the petrochemicals market in 2022.
The table of contents in TBRC’s petrochemicals market report includes:
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Top 5 Major Key Players Are:
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