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1519524

石油化学製品市場レポート：タイプ、用途、最終用途産業、地域別、2024～2032年

Petrochemicals Market Report by Type, Application, End Use Industry, and Region 2024-2032
出版日: | 発行: IMARC | ページ情報: 英文 148 Pages | 納期: 2～3営業日

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価格
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本日の銀行送金レート: 1USD=143.12円
石油化学製品市場レポート：タイプ、用途、最終用途産業、地域別、2024～2032年
出版日: 2024年07月01日
発行: IMARC
ページ情報: 英文 148 Pages
納期: 2～3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の石油化学製品市場規模は2023年に6,160億米ドルに達しました。今後、IMARC Groupは、2024～2032年にかけて4.8%の成長率（CAGR）を示し、2032年までに9,499億米ドルに達すると予測しています。原油価格の変動は、生産コストと価格戦略に影響を及ぼしています。自動車、建設、包装などの産業からの需要の高まり、厳しい環境規制や持続可能性への懸念、技術の先進化が市場の成長を後押ししています。

石油化学製品市場分析：

主要市場促進要因：世界の原油価格の変動は、石油化学部門の生産コストと価格戦略に直接影響し、市場成長に影響を与えます。また、多様な産業における石油化学製品の需要の急増も、市場成長を促進する主要要因となっています。

主要市場動向：環境への影響を低減し、従来の石油化学製品に代わる環境に優しい製品を開発することに重点を置くようになり、持続可能性へのシフトが、このセグメントにおける技術革新、規制対応、市場提供を形成しています。

地理的動向：アジア太平洋は、急速な都市化、工業化、中間層の拡大に牽引され、石油化学製品市場を支配しています。技術の進歩、インフラや産業能力への戦略的投資が成長をさらに促進しています。

競合情勢：石油化学業界の主要市場参入企業には、BASF SE、Chevron Corporation、China National Petroleum Corporation、China Petrochemical Corporation、DuPont de Nemours Inc.、Exxon Mobil Corporation、Formosa Plastics Corporation、Indian Oil Corporation Limited、INEOS Group Ltd.、LyondellBasell Industries N.V.、Reliance Industries Limited、Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)、Shell plc、Sumitomo Chemical Co. Ltd.、TotalEnergies SEなどがあります。

課題と機会：このセクターは、原料価格の変動や厳しい環境規制などの課題に直面しています。その一方で、サステイナブル手法や材料の革新は、市場参入企業にとって重要な機会となっています。

石油化学製品市場傾向/促進要因：

原油価格の変動

世界の石油化学製品市場は、石油化学製品の主要原料である原油価格の変動の影響を受ける。2012年の1立方メートル当たりの原油価格は約702米ドルで、2022年には約637米ドルまで下落する（エネルギー研究所とデータで見る我々の世界）。原油価格が上昇すると、石油化学メーカーの生産コストが上昇し、最終製品の価格が上昇することが多いです。逆に、原油価格が下がる時期には、生産コストが下がる傾向にあり、より競合価格設定につながる可能性があります。

さらに、世界の組織も需給に影響を与えることで、原油価格に影響を与えます。例えば、石油輸出国機構（OPEC）は、加盟国の生産水準を定めることができます。2021年、OPEC加盟国は原油確認埋蔵量の72％、原油生産量の37％を保有していました。これらの要因は、石油化学企業が石油市場の状況を注意深く監視し、変化に適応する必要性を強調しています。さらに、価格変動の悪影響を軽減するためのヘッジなどのリスク管理戦略の重要性も浮き彫りになっています。

業界を超えた製品需要の急増

自動車、建設、包装など様々なセグメントからの需要が、世界の石油化学製品市場の展望に影響を与えています。自動車産業では、自動車部品に使用されるプラスチック、ゴム、合成繊維の製造に石油化学製品が欠かせないです。一方、包装業界では、石油化学製品由来のプラスチックが、軽量で耐久性があり、費用対効果の高い包装ソリューションの製造に使用されています。Rocky Mountain Institute（RMI）によると、現在、プラスチック包装は世界の石油化学製品の17％以上を占めています。同様に、建設部門はPVCパイプや断熱材などの材料を石油化学製品に依存しています。Deloitte Insightsによると、米国の先端建設用石油化学製品市場は2025年までに32％成長する可能性があります。米国や欧州のような先進経済諸国は、インドやインドネシアのような新興経済諸国の20倍ものプラスチックを使用しています。

環境規制と持続可能性への懸念

政府と消費者の双方が石油化学業界によりクリーンでサステイナブル慣行を求める中、企業は環境フットプリントを削減し、温室効果ガスの排出を最小限に抑え、エネルギー消費を削減し、従来の石油化学製品に代わる環境に優しい代替品を開発する必要に迫られています。厳しい規制とサステイナブル慣行の導入に対応するため、石油化学セクターの企業は研究開発（R&D）活動に投資し、革新的で環境に優しいソリューションを生み出すと同時に、進化する環境基準の遵守を徹底しています。例えば、日本の大手化学会社である Sumitomo Chemical Co. Ltd.は、エタノールから直接プロピレンを製造する環境に優しい新製法を確立しようとしています。同社はグリーン・イノベーション・ファンド・プロジェクトとして、この技術をテストするパイロットプラントを建設中で、2025年までに商業化する予定です。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブ概要

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 世界の石油化学製品市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：タイプ別

  • エチレン
  • プロピレン
  • ブタジエン
  • ベンゼン
  • トルエン
  • キシレン
  • メタノール
  • その他

第7章 市場内訳：用途別

  • ポリマー
  • 塗料とコーティング
  • 溶剤
  • ゴム
  • 接着剤とシーラント
  • 界面活性剤と染料
  • その他

第8章 市場内訳：最終用途産業別

  • 包装
  • 自動車・輸送
  • 建設
  • 電気・電子
  • 医療
  • その他

第9章 市場内訳：地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • BASF SE
    • Chevron Corporation
    • China National Petroleum Corporation
    • China Petrochemical Corporation
    • DuPont de Nemours Inc.
    • Exxon Mobil Corporation
    • Formosa Plastics Corporation
    • Indian Oil Corporation Limited
    • INEOS Group Ltd.
    • LyondellBasell Industries N.V.
    • Reliance Industries Limited
    • Saudi Basic Industries Corporation（Saudi Arabian Oil Co.）
    • Shell plc
    • Sumitomo Chemical Co. Ltd.
    • TotalEnergies SE
図表

List of Figures

  • Figure 1: Global: Petrochemicals Market: Major Drivers and Challenges
  • Figure 2: Global: Petrochemicals Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Petrochemicals Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Petrochemicals Market: Breakup by Type (in %), 2023
  • Figure 5: Global: Petrochemicals Market: Breakup by Application (in %), 2023
  • Figure 6: Global: Petrochemicals Market: Breakup by End Use Industry (in %), 2023
  • Figure 7: Global: Petrochemicals Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Petrochemicals (Ethylene) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Petrochemicals (Ethylene) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Petrochemicals (Propylene) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Petrochemicals (Propylene) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Petrochemicals (Butadiene) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Petrochemicals (Butadiene) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Petrochemicals (Benzene) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Petrochemicals (Benzene) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Petrochemicals (Toluene) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Petrochemicals (Toluene) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Petrochemicals (Xylene) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Petrochemicals (Xylene) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Petrochemicals (Methanol) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Petrochemicals (Methanol) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Petrochemicals (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Petrochemicals (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Petrochemicals (Polymers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Petrochemicals (Polymers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Petrochemicals (Paints and Coatings) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Petrochemicals (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Global: Petrochemicals (Solvents) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Global: Petrochemicals (Solvents) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Global: Petrochemicals (Rubber) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Global: Petrochemicals (Rubber) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Global: Petrochemicals (Adhesives and Sealants) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Global: Petrochemicals (Adhesives and Sealants) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Global: Petrochemicals (Surfactants and Dyes) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Global: Petrochemicals (Surfactants and Dyes) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Global: Petrochemicals (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Global: Petrochemicals (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: Global: Petrochemicals (Packaging) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: Global: Petrochemicals (Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: Global: Petrochemicals (Automotive and Transportation) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: Global: Petrochemicals (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: Global: Petrochemicals (Construction) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: Global: Petrochemicals (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: Global: Petrochemicals (Electrical and Electronics) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: Global: Petrochemicals (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Global: Petrochemicals (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Global: Petrochemicals (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Global: Petrochemicals (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Global: Petrochemicals (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: North America: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: North America: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: United States: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: United States: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: Canada: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: Canada: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: Asia-Pacific: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: Asia-Pacific: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: China: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: China: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Japan: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Japan: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: India: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: India: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: South Korea: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: South Korea: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Australia: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Australia: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Indonesia: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Indonesia: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Others: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Others: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Europe: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Europe: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Germany: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Germany: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 76: France: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 77: France: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 78: United Kingdom: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 79: United Kingdom: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 80: Italy: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 81: Italy: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 82: Spain: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 83: Spain: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 84: Russia: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 85: Russia: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 86: Others: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 87: Others: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 88: Latin America: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 89: Latin America: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 90: Brazil: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 91: Brazil: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 92: Mexico: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 93: Mexico: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 94: Others: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 95: Others: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 96: Middle East and Africa: Petrochemicals Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 97: Middle East and Africa: Petrochemicals Market: Breakup by Country (in %), 2023
  • Figure 98: Middle East and Africa: Petrochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 99: Global: Petrochemicals Industry: SWOT Analysis
  • Figure 100: Global: Petrochemicals Industry: Value Chain Analysis
  • Figure 101: Global: Petrochemicals Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Petrochemicals Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Petrochemicals Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Petrochemicals Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 4: Global: Petrochemicals Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
  • Table 5: Global: Petrochemicals Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Petrochemicals Market: Competitive Structure
  • Table 7: Global: Petrochemicals Market: Key Players
目次
Product Code: SR112024A5402

The global petrochemicals market size reached US$ 616.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 949.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. Fluctuations in crude oil prices are influencing production costs and pricing strategies. The escalating demand from industries like automotive, construction, and packaging, along with stringent environmental regulations and sustainability concerns, and advancements in technology, are propelling the market growth.

Petrochemicals Market Analysis:

Major Market Drivers: Global crude oil price fluctuations directly affect production costs and pricing strategies in the petrochemical sector, influencing the market growth. The surging demand for petrochemical products across diverse industries also represent the key factors driving the market growth.

Key Market Trends: The shift toward sustainability, with increasing emphasis on reducing environmental impact and developing eco-friendly alternatives to traditional petrochemical products, is shaping innovation, regulatory compliance, and market offerings in the sector.

Geographical Trends: The Asia Pacific region dominates the petrochemicals market, driven by rapid urbanization, industrialization, and the expanding middle class. Technological advancements and strategic investments in infrastructure and industrial capabilities are further driving growth.

Competitive Landscape: Some of the major market players in the petrochemicals industry include BASF SE, Chevron Corporation, China National Petroleum Corporation, China Petrochemical Corporation, DuPont de Nemours Inc., Exxon Mobil Corporation, Formosa Plastics Corporation, Indian Oil Corporation Limited, INEOS Group Ltd., LyondellBasell Industries N.V., Reliance Industries Limited, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Shell plc, Sumitomo Chemical Co. Ltd., and TotalEnergies SE, among many others.

Challenges and Opportunities: The sector faces challenges such as volatility of raw material prices and stringent environmental regulations. On the other hand, innovation in sustainable practices and materials represent the key opportunities for market players.

Petrochemicals Market Trends/Drivers:

Fluctuations in crude oil prices

The global petrochemicals market is influenced by changes in the price of crude oil, the primary feedstock for these products, as fluctuations in the prices of crude oil directly impact petrochemical production costs and profitability. In 2012, the crude oil price per cubic meter was about US$ 702 and decreased to about US$ 637 per cubic meter in 2022 (Energy Institute and Our World in Data). When oil prices rise, it often leads to increased production costs for petrochemical manufacturers, which can result in higher prices for end products. Conversely, during periods of lower oil prices, production costs tend to decrease, potentially leading to more competitive pricing.

Furthermore, global organizations also affect oil prices by influencing supply and demand. For example, the Organization of the Petroleum Exporting Countries, or the OPEC can establish production levels for its members. In 2021, OPEC members owned 72% of the proved crude oil reserves and 37% of the crude oil production. These factors underscore the need for petrochemical companies to closely monitor and adapt to changing oil market conditions. Moreover, it highlights the importance of risk management strategies, such as hedging, to mitigate the adverse effects of price volatility.

Surging product demand across industries

The demand from various sectors, including automotive, construction, and packaging is influencing the global petrochemicals market outlook. In the automotive industry, petrochemicals are crucial for manufacturing plastics, rubber, and synthetic fibers used in vehicle components. In packaging, on the other hand, plastics derived from petrochemicals are used for creating lightweight, durable, and cost-effective packaging solutions. At present, plastic packaging accounts for more than 17% of the global petrochemical production as per the Rocky Mountain Institute (RMI). Similarly, the construction sector relies on petrochemicals for materials like PVC pipes and insulation. According to Deloitte Insights, the US market for advanced construction petrochemicals could grow by 32% by 2025. Advanced economies, like the United States and Europe, use up to 20 times as much plastic as developing economies, like India and Indonesia

Environmental regulations and sustainability concerns

As both governments and consumers push for cleaner and more sustainable practices in the petrochemicals industry, companies are under pressure to reduce their environmental footprint, minimize greenhouse gas emissions, reduce energy consumption, and develop eco-friendly alternatives to traditional petrochemical products. To comply with stringent regulations and the adoption of sustainable practices, companies in the petrochemical sector are investing in research and development (R&D) activities to innovate and create greener solutions while also ensuring that their operations adhere to evolving environmental standards. For instance, Sumitomo Chemical, a major Japanese chemical company, is establishing a new, environmentally-friendly method for producing propylene directly from ethanol. The company is building a pilot plant to test the technology as a Green Innovation Fund Project, which is expected to be commercialized by 2025.

Petrochemicals Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global petrochemicals market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, application, and end use industry.

Breakup by Type:

Ethylene

Propylene

Butadiene

Benzene

Toluene

Xylene

Methanol

Others

Ethylene represents the leading petrochemical type

The report has provided a detailed breakup and analysis of the market based on the type. This includes ethylene, propylene, butadiene, benzene, toluene, xylene, methanol, and others. According to the report, ethylene represented the largest segment.

The global production capacity of ethylene was 223.86 million metric tons in 2022, and is influenced by the fluctuations in crude oil prices. The demand for ethylene is reliant on various downstream industries as well, such as plastics, chemicals, and packaging materials, which fluctuates with growth in these downstream sectors or shifts in consumer preferences.

Environmental regulations and sustainability concerns are driving the demand for greener and more sustainable practices, which are encouraging innovation in ethylene production processes and the development of eco-friendly derivatives. For instance, a team of researchers led by a University of Cincinnati professor developed a more efficient way to turn carbon dioxide, a greenhouse gas, into ethylene using a special copper catalyst to improve the conversion process. Such technological advancements in ethylene production also play a significant role in improving efficiency and cost-effectiveness.

Breakup by Application:

Polymers

Paints and Coatings

Solvents

Rubber

Adhesives and Sealants

Surfactants and Dyes

Others

Polymers dominate the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes polymers, paints and coatings, solvents, rubber, adhesives and sealants, surfactants and dyes, and others. According to the report, polymers represented the largest segment.

The increasing demand for lightweight and durable materials across the automotive, packaging, and construction industries is driving the growth of the polymers segment. The global plastic polymer production reached 460 million ton per year in 2019, doubling from 2000 output. As per the Global Plastics Outlook by OECD, it is anticipated to almost triple from 2019 levels by 2050. The versatility of polymers in creating a wide range of products, ranging from plastics to synthetic fibers, makes them indispensable in modern manufacturing.

Environmental concerns are also influencing the adoption of sustainable and bio-based polymers, driven by stringent regulations and consumer preferences for eco-friendly alternatives. In 2023, an estimated 2.2 million tons of bioplastic was produced worldwide and it is projected to reach 7.4 million tons in 2028, as per findings by European Bioplastics e.V.

Advancements in polymer chemistry and manufacturing processes are enhancing product quality and expanding application possibilities. Research and development (R&D) efforts are driving innovation in polymers, creating opportunities for novel materials with improved properties. Economic conditions and global trade are also influencing supply chains and pricing strategies.

Breakup by End Use Industry:

Packaging

Automotive and Transportation

Construction

Electrical and Electronics

Healthcare

Others

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes packaging, automotive and transportation, construction, electrical and electronics, healthcare, and others.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest petrochemicals market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The growth in the Asia Pacific region is driven by rapid urbanization and population expansion, which has spurred demand for infrastructure development, housing, and consumer goods, leading to increased industrial activity and investment. The burgeoning middle class in the region is driving consumerism, creating demand for products and services across diverse industries. As per the UNDP, the middle-class population in the region is projected to comprise two-thirds of the global middle class by 2030. The Asia Pacific has an expanding tech ecosystem, with countries like China and India emerging as global tech hubs, attracting investment and fostering innovation. Favorable government policies, trade agreements, and foreign direct investment are furthermore driving economic expansion. The region's strategic geographical location makes it a key player in global trade, benefiting from the growth of international commerce. The market is also being supported by expanding demand for petrochemicals in the region. In China, for instance, the demand for petrochemical feedstocks was much higher in 2023 than in 2019 as per the International Energy Agency (IEA). On the other hand, India is investing in expanding its refining capacity on account of the rising demand fuel and petrochemicals, driven by rapid economic growth in the country.

Competitive Landscape:

The global petrochemicals market is highly competitive with intense rivalry among key industry players. The leading companies engage in continuous research and development (R&D) efforts to innovate and introduce new, high-value products, as well as investments in advanced technologies to enhance production efficiency. Companies also focus on diversifying their product portfolios to cater to a broad spectrum of industries and end-users, reducing reliance on established market segments.

Sustainability measures including the creation of environmentally friendly replacements and compliance with strict environmental policies are critical factors in determining competitiveness. Furthermore, business partnerships, acquisitions, and mergers have a vital impact on expanding market access and competition. A case in point was the signing of the agreement between QatarEnergy, a state-owned petroleum company of Qatar, and Chevron Phillips Chemical Company LLC, a petrochemical company jointly owned by Chevron Corporation and Phillips 66 in the United States, to construct the Ras Laffan Petrochemicals Complex for $6 billion.

The market research report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the petrochemicals industry include BASF SE, Chevron Corporation, China National Petroleum Corporation, China Petrochemical Corporation, DuPont de Nemours Inc., Exxon Mobil Corporation, Formosa Plastics Corporation, Indian Oil Corporation Limited, INEOS Group Ltd., LyondellBasell Industries N.V., Reliance Industries Limited, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Shell plc, Sumitomo Chemical Co. Ltd., TotalEnergies SE, etc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Recent Developments:

China Petroleum & Chemical Corporation (Sinopec) set up a new unit in September 2023 to invest in overseas petrochemical and refining assets. The new company, known as Sinopec Overseas Investment Holding, is an effort by Sinopec to use its resources and experience to expand internationally as domestic oil demand in China approaches a point of saturation.

Saudi Aramco announced an agreement with North Huajin Chemical and Panjin Xincheng in March 2023 to begin construction of a petrochemical and refinery complex in Liaoning province in China.

India's Hindustan Petroleum Corp (HPCL) announced its plans to start its 9 million ton-a-year Barmer refinery and petrochemical project in Rajasthan state by January 2024.

Key Questions Answered in This Report

  • 1. What was the size of the global petrochemicals market in 2023?
  • 2. What is the expected growth rate of the global petrochemicals market during 2024-2032?
  • 3. What are the key factors driving the global petrochemicals market?
  • 4. What has been the impact of COVID-19 on the global petrochemicals market?
  • 5. What is the breakup of the global petrochemicals market based on the type?
  • 6. What is the breakup of the global petrochemicals market based on the application?
  • 7. What are the key regions in the global petrochemicals market?
  • 8. Who are the key players/companies in the global petrochemicals market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Petrochemicals Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Ethylene
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Propylene
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Butadiene
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Benzene
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Toluene
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast
  • 6.6 Xylene
    • 6.6.1 Market Trends
    • 6.6.2 Market Forecast
  • 6.7 Methanol
    • 6.7.1 Market Trends
    • 6.7.2 Market Forecast
  • 6.8 Others
    • 6.8.1 Market Trends
    • 6.8.2 Market Forecast

7 Market Breakup by Application

  • 7.1 Polymers
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Paints and Coatings
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Solvents
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Rubber
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Adhesives and Sealants
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast
  • 7.6 Surfactants and Dyes
    • 7.6.1 Market Trends
    • 7.6.2 Market Forecast
  • 7.7 Others
    • 7.7.1 Market Trends
    • 7.7.2 Market Forecast

8 Market Breakup by End Use Industry

  • 8.1 Packaging
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Automotive and Transportation
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Construction
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Electrical and Electronics
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Healthcare
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Others
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 BASF SE
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Chevron Corporation
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 China National Petroleum Corporation
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 SWOT Analysis
    • 14.3.4 China Petrochemical Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 DuPont de Nemours Inc.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Exxon Mobil Corporation
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Formosa Plastics Corporation
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Indian Oil Corporation Limited
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 INEOS Group Ltd.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 LyondellBasell Industries N.V.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Reliance Industries Limited
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
    • 14.3.13 Shell plc
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials
      • 14.3.13.4 SWOT Analysis
    • 14.3.14 Sumitomo Chemical Co. Ltd.
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio
      • 14.3.14.3 Financials
      • 14.3.14.4 SWOT Analysis
    • 14.3.15 TotalEnergies SE
      • 14.3.15.1 Company Overview
      • 14.3.15.2 Product Portfolio
      • 14.3.15.3 Financials
      • 14.3.15.4 SWOT Analysis