Product Code: 978-1-68038-560-1
Petrochemicals Market Growth & Trends:
The global petrochemicals market size is expected to reach USD 973.10 billion in 2030 and is projected to grow at a CAGR of 7.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The demand for petrochemicals is attributed to an increase in demand from the end-use industries such as construction, textile, medical, pharmaceuticals, consumer goods, automotive, and electronics.
Products such as ethylene, propylene, and benzene are widely used in various industries such as packaging, electronics, plastics, and rubber. The ethylene product segment dominated the market in 2021 and is expected to maintain its lead in the forecast period owing to its wide application scope across several industries. Asia Pacific is anticipated to dominate the market in the forecast period owing to the favorable regulatory policies in the region.
Crude oil and natural gas are the major raw materials used for the manufacturing of petrochemical products. The volatile prices of crude oil are a major challenge in the procurement process of crude oil as a raw material for manufacturers. The industry players that are reliant on crude oil as a feedstock for manufacturing are likely to face difficulties in the coming years. However, declining prices of natural gas owing to a rise in its production are expected to augment the growth of the product over the forecast period.
The competitiveness among the producers of the product is high as the market is characterized by the presence of a large number of global players with strong distribution networks. Top players are dominating the industry for the past few years owing to the increasing investment in R&D activities related to new product development.
Petrochemicals Market Report Highlights:
- The petrochemicals market is fundamentally propelled by the increasing demand from various end use industries, such as packaging, automotive, construction, and consumer goods, fueled by rapid urbanization and industrial growth worldwide
- Despite its robust growth trajectory, the petrochemicals market faces notable challenges including price volatility in crude oil and natural gas, which directly impact feedstock costs and profit margins.
- The petrochemicals sector stands at the cusp of transformative opportunities driven by innovations in green chemistry and sustainable production methods, including chemical recycling and bio-based feedstocks such as bio-ethylene and green methanol
- The ethylene segment is anticipated to hold the largest market share in the petrochemicals market by product during the forecast period due to its extensive application base and high-volume consumption across multiple end-use industries
- Asia Pacific held the largest market share 46.9% in 2024 the global petrochemicals market due to its rapidly expanding industrial base, high population density, and strong demand from end use sectors such as packaging, automotive, construction, and textiles
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Petrochemical Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Agrochemicals/Product Outlook
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Product
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Petrochemical Market: Technology Estimates & Trend Analysis
- 4.1. Petrochemical Market: Product Movement Analysis, 2023 & 2030
- 4.2. Ethylene
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 4.3. Propylene
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 4.4. Butadiene
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 4.5. Benzene
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 4.6. Xylene
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 4.7. Toluene
- 4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 4.8. Methanol
- 4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
Chapter 5. Petrochemical Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2023 & 2030
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.2.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.2.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.2.4. Canada
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.2.5. Mexico
- 5.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.3. Germany
- 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.4. UK
- 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.4.3. Italy
- 5.3.4.4. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.4.5. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.5. Netherlands
- 5.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.6. Belgium
- 5.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.7. France
- 5.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.8. Russia
- 5.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.3.8.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.4.3. Malaysia
- 5.4.4.4. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.4.5. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.5. Indonesia
- 5.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.6. Vietnam
- 5.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.7. Australia
- 5.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.8. New Zealand
- 5.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.4.8.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.5. Latin America
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.5.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.5.4. Argentina
- 5.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.5.5. Columbia
- 5.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.5.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.5.6. Peru
- 5.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.5.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.3. Saudi Arabia
- 5.6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.4. Iran
- 5.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.5. Oman
- 5.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.6. UAE
- 5.6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.7. Qatar
- 5.6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.8. Kuwait
- 5.6.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.6.8.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.7. Africa
- 5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.7.3. South Africa
- 5.7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.7.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.7.4. Angola
- 5.7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.7.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
- 5.7.5. Nigeria
- 5.7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
- 5.7.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Million Tons)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments by Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Heat Map Analysis
- 6.4. Company Market Positioning Analysis, 2024
- 6.5. Strategy Mapping
- 6.6. Company Profiles/Listing
- 6.6.1. BASF SE
- 6.6.1.1. Company Overview
- 6.6.1.2. Financial Performance
- 6.6.1.3. Product Benchmarking
- 6.6.2. Chevron Corporation
- 6.6.2.1. Company Overview
- 6.6.2.2. Financial Performance
- 6.6.2.3. Product Benchmarking
- 6.6.3. China National Petroleum Corporation (CNPC)
- 6.6.3.1. Company Overview
- 6.6.3.2. Financial Performance
- 6.6.3.3. Product Benchmarking
- 6.6.4. China Petrochemical Corporation
- 6.6.4.1. Company Overview
- 6.6.4.2. Financial Performance
- 6.6.4.3. Product Benchmarking
- 6.6.5. ExxonMobil Corporation
- 6.6.5.1. Company Overview
- 6.6.5.2. Financial Performance
- 6.6.5.3. Product Benchmarking
- 6.6.6. INEOS Group Ltd.
- 6.6.6.1. Company Overview
- 6.6.6.2. Financial Performance
- 6.6.6.3. Product Benchmarking
- 6.6.7. LyondellBasell Industries Holdings B.V.
- 6.6.7.1. Company Overview
- 6.6.7.2. Financial Performance
- 6.6.7.3. Product Benchmarking
- 6.6.8. Royal Dutch Shell PLC
- 6.6.8.1. Company Overview
- 6.6.8.2. Financial Performance
- 6.6.8.3. Product Benchmarking
- 6.6.9. SABIC
- 6.6.9.1. Company Overview
- 6.6.9.2. Financial Performance
- 6.6.9.3. Product Benchmarking
- 6.6.10. Dow
- 6.6.10.1. Company Overview
- 6.6.10.2. Financial Performance
- 6.6.10.3. Product Benchmarking