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Petrochemicals (sometimes abbreviated as petchems) are chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit or sugar cane. The two most common petrochemical classes are olefins (including ethylene and propylene) and aromatics (including benzene, toluene and xylene isomers). Petrochemicals are an essential part of the chemical industry, as demand for synthetic materials is high across the globe. Petrochemicals are used in the manufacture of various products, which are employed in various end-use industries.

Market Dynamics

Petrochemicals are an essential part of commodities used in daily lives. Petrochemicals are chemical compounds derived from petroleum and other hydrocarbons, which are obtained from crude oil and natural gas. Petrochemicals are primarily used as chemical building blocks for a variety of materials and applications in the automotive sector.

Petrochemical products are extensively utilized in the manufacture of various materials, including paints, coatings, adhesives, and thermal insulation. These materials are employed widely in the building & construction sector. Automobile components made from petrochemical products offer exceptional benefits such as lightweight that leads to less fuel consumption. This, in turn, helps in pollution control. Ease in processing helps in cutting down assembling time. The usage of petrochemicals enable to enhance the safety aspects of automobile.

The market growth can be primarily attributed to the entry of new market players in developing regions, dwindling prices of crude oil prices, and growing demand for petrochemicals from various end-use industries. However, the evolving regulatory landscape, along with rising environmental concerns are anticipated to play key role in influencing the growth of the petrochemicals market during the forecast period. Market players are projected to focus on their value-creation strategies to solidify their presence in the current market landscape. 

Excellent barrier properties which allow food to remain fresh for longer durations are expanding the scope of polyethylene plastics over other packaging materials, thereby increasing the petrochemicals consumption across the globe. Moreover, with major economies across the globe making hefty investments to support their passenger and commercial automotive manufacturing, the global demand for rubber tyres, mainly derived from the petrochemical butadiene is expected to increase over the forecast period. An additional market driver is the growing consumption of petrochemicals-based laundry detergents and textile fibers with ever changing consumer preferences. Supported with growing manufacturing of benzene-based derivatives, the demand outlook of the industry is likely to turn positive in the upcoming years.

Key features of the study:

  • This report provides in-depth analysis of top 15 petrochemicals market, and provides market size (US$ Million and MT) and compound annual growth rate (CAGR %) for the forecast period (2021-2027), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the petrochemicals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Chevron Phillips Chemical Company LLC, BASF SE, ExxonMobil, Shell Chemical Company, TotalEnergies SE, Sumitomo Chemical Co. Ltd., Reliance Industries Limited, Indian Oil Corporation, Bharat Petroleum Corporation Limited, and SABIC
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The top 15 petrochemicals market report caters to various stakeholders in this industry including investors, suppliers, caffeine manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the top 15 petrochemicals market

Detailed Segmentation:

  • Top 15 Petrochemicals Market, By Product Type:
    • Ethylene
    • Propylene
    • Benzene
    • Xylene
    • Toluene
    • Methanol
    • Others
  • Top 15 Petrochemicals Market, By Application:
    • Paints and Coatings
    • Solvents
    • Polymers
    • Adhesives and Sealants
    • Others (Surfactants, Dyes, etc.)
  • Top 15 Petrochemicals Market, By End-Use Industry:
    • Aerospace
    • Agriculture
    • Automotive
    • Building & Construction
    • Consumer & Industrial Goods
    • Electrical & Electronics
    • Others (Packaging, etc.)
  • Top 15 Petrochemicals Market, By Region:
    • North America
      • By Product Type:
        • Ethylene
        • Propylene
        • Benzene
        • Xylene
        • Toluene
        • Methanol
        • Others
      • By Application:
        • Paints and Coatings
        • Solvents
        • Polymers
        • Adhesives and Sealants
        • Others (Surfactants, Dyes, etc.)
      • By End-Use Industry:
        • Aerospace
        • Agriculture
        • Automotive
        • Building & Construction
        • Consumer & Industrial Goods
        • Electrical & Electronics
        • Others (Packaging, etc.)
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type:
        • Ethylene
        • Propylene
        • Benzene
        • Xylene
        • Toluene
        • Methanol
        • Others
      • By Application:
        • Paints and Coatings
        • Solvents
        • Polymers
        • Adhesives and Sealants
        • Others (Surfactants, Dyes, etc.)
      • By End-Use Industry:
        • Aerospace
        • Agriculture
        • Automotive
        • Building & Construction
        • Others (Packaging, etc.)
      • By Country:
        • U.K.
        • Italy
        • France
        • Germany
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Ethylene
        • Propylene
        • Benzene
        • Xylene
        • Toluene
        • Methanol
        • Others
      • By Application:
        • Paints and Coatings
        • Solvents
        • Polymers
        • Adhesives and Sealants
        • Others (Surfactants, Dyes, etc.)
      • By End-Use Industry:
        • Aerospace
        • Agriculture
        • Automotive
        • Building & Construction
        • Others (Packaging, etc.)
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Latin America
      • By Product Type:
        • Ethylene
        • Propylene
        • Benzene
        • Xylene
        • Toluene
        • Methanol
        • Others
      • By Application:
        • Paints and Coatings
        • Solvents
        • Polymers
        • Adhesives and Sealants
        • Others (Surfactants, Dyes, etc.)
      • By End-Use Industry:
        • Aerospace
        • Agriculture
        • Automotive
        • Building & Construction
        • Others (Packaging, etc.)
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • By Product Type:
        • Ethylene
        • Propylene
        • Benzene
        • Xylene
        • Toluene
        • Methanol
        • Others
      • By Application:
        • Paints and Coatings
        • Solvents
        • Polymers
        • Adhesives and Sealants
        • Others (Surfactants, Dyes, etc.)
      • By End-Use Industry:
        • Aerospace
        • Agriculture
        • Automotive
        • Building & Construction
        • Others (Packaging, etc.)
      • By Sub-region:
        • Middle East
        • Africa
  • Company Profiles
    • Chevron Phillips Chemical Company LLC*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • BASF SE
    • ExxonMobil
    • Shell Chemical Company
    • TotalEnergies SE
    • Sumitomo Chemical Co. Ltd.
    • Reliance Industries Limited
    • Indian Oil Corporation
    • Bharat Petroleum Corporation Limited
    • SABIC

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End-Use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Top 15 Petrochemicals Market- Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Top 15 Petrochemicals Market– COVID-19
    • Impact Analysis
  5. Top 15 Petrochemicals Market, By Product Type, 2017- 2027 (US$ Mn & MT)
    • Introduction
      • Market Share Analysis, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
      • Segment Trends
    • Ethylene
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Propylene
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Benzene
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Xylene
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Toluene
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Methanol
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
  6. Top 15 Petrochemicals Market, By Application, 2017- 2027 (US$ Mn & MT)
    • Introduction
      • Market Share Analysis, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
      • Segment Trends
    • Paints and Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Solvents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Polymers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Adhesives and Sealants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Others (Surfactants, Dyes, etc.)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
  7. Top 15 Petrochemicals Market, By End-Use Industry, 2017- 2027 (US$ Mn & MT)
    • Introduction
      • Market Share Analysis, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2021 - 2027
      • Segment Trends
    • Aerospace
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Agriculture
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Building & Construction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Consumer & Industrial Goods
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Electrical & Electronics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
    • Others (Packaging, etc.)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & MT)
  8. Top 15 Petrochemicals Market, By Region, 2017- 2027 (US$ Mn & MT)
    • Introduction
      • Market Share Analysis, By Region, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2021 - 2027
    • North America
    • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
    • Y-o-Y Growth Analysis, By Country, 2021 - 2027
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & MT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & MT)
      • Market Size and Forecast, By End-Use Industry, 2017- 2027 (US$ Mn & MT)
      • Countries
        • U.S.
        • Canada
    • Latin America
      • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 - 2027
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & MT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & MT)
      • Market Size and Forecast, By End-Use Industry, 2017- 2027 (US$ Mn & MT)
      • Countries
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 - 2027
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & MT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & MT)
      • Market Size and Forecast, By End-Use Industry, 2017- 2027 (US$ Mn & MT)
      • Countries
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 - 2027
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & MT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & MT)
      • Market Size and Forecast, By End-Use Industry, 2017- 2027 (US$ Mn & MT)
      • Countries
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2020, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Sub-Region, 2021 - 2027
      • Country Trends
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & MT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & MT)
      • Market Size and Forecast, By End-Use Industry, 2017- 2027 (US$ Mn & MT)
      • Sub-regions
        • Middle East
        • Africa
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Chevron Phillips Chemical Company LLC
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • BASF SE
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • ExxonMobil
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Shell Chemical Company
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • TotalEnergies SE
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Sumitomo Chemical Co. Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Reliance Industries Limited
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Indian Oil Corporation
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Bharat Petroleum Corporation Limited
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • SABIC
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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