DUBLIN, Dec. 22, 2014 /PRNewswire/ --Research and
Markets
(http://www.researchandmarkets.com/research/r6jtl8/petrochemicals)
has announced the addition of the "Petrochemicals - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020"
report to their offering.
http://photos.prnewswire.com/prnh/20130307/600769
Petrochemicals are chemical products derived from crude oil and
natural gas. Petrochemicals play an important role in the chemicals
industry. Various chemicals are derived from petrochemicals.
Petrochemicals significantly impact the economic growth and
development of the manufacturing industry. Hence, the importance of
value addition in the petrochemicals market is higher than in any
other industrial sector. Petrochemicals are used in almost all the
sectors; however, these are primarily used in construction,
agriculture, packaging, automotive and electrical & electronics
industries.
Therefore, growth in these end-use industries, especially in
Asia Pacific, is anticipated to
boost the petrochemicals market during the forecast period.
Abundant availability of raw materials, especially in the
Middle East, is further augmenting
market growth. However, shift towards bio-based chemicals coupled
with environmental issues arising due to the usage of various
petrochemicals is expected to hamper market growth during the
forecast period. Furthermore, volatility in prices of raw materials
is projected to negatively affect market growth. Shale gas
evolution in North America is
likely to change the dynamics of the global petrochemicals industry
by 2020.
Ethylene is considered the building block for producing various
intermediary chemicals and their derivatives. Ethylene was the
leading petrochemical product, accounting for over 25% share of the
global petrochemicals market in 2013. Global demand for ethylene is
anticipated to be led by rising demand for polyethylene in major
end-use industries such as packaging. Ethylene was followed by
propylene and methanol, respectively, in terms of volume in 2013.
In terms of revenue, the propylene market is estimated to reach
US$ 172.05 Bn by 2020.
Demand for butadiene in Rest of Asia
Pacific is anticipated to increase due to higher demand for
butadiene in acrylonitrile butadiene styrene (ABS) and
styrene-butadiene rubber. Methanol is projected to be the fastest
growing product segment between 2014 and 2020. Growth of methanol
is directly related to its increasing usage in gasoline blending
and methanol to olefins (MTO) processes. Consumption of benzene was
the highest in the Rest of Asia
Pacific in 2013. However, the market for benzene in the
region is likely to grow at a flat rate in terms of volume from
2014 to 2020.
China emerged as the leading
consumer of petrochemicals in 2013 and accounted for over 25% of
the global demand in the same year. Initiatives taken by the
government of China to boost the
petrochemicals market coupled with growth in end-use industries in
the region is expected to significantly drive the market during the
forecast period. Apart from being the largest market, China is anticipated to be the fastest growing
market for petrochemicals, expanding at a high CAGR between 2014
and 2020.
Rest of Asia Pacific was the
second-largest consumer of petrochemicals across the globe in 2013.
Increasing demand for downstream products, especially in
India, is projected to boost
market growth in the region. Demand for petrochemicals in the
Middle East and Africa is primarily led by rapid capacity
additions in the region. The market for petrochemicals in
North America and Europe is estimated to grow at moderate rate
during the forecast period.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Petrochemicals - Industry Analysis
Chapter 4 Petrochemicals - Product Segment Analysis
Chapter 5 Petrochemicals - Regional Analysis
Chapter 6 Company Profiles
Companies Mentioned:
- BASF SE
- Chevron Phillips Chemical Company LLC
- E. I. du Pont de Nemours and Company
- ExxonMobil
- LyondellBasell Industries
- SABIC
- Shell Chemical Company
- Sinopec Limited
- Sumitomo Chemical Co. Ltd.
- The Dow Chemical Company
- Total S.A.
For more information visit
http://www.researchandmarkets.com/research/r6jtl8/petrochemicals
Media Contact: Laura Wood
, +353-1-481-1716, press@researchandmarkets.net