(Companies: Saudi Basic Industries Corporation (SABIC), Sinopec, Royal Dutch Shell Plc, LyondellBasell Industries, INEOS AG.)
Asia Pacific accounted for the largest region in the global petrochemicals market.
The petrochemicals market consists of sales of petrochemicals and beverages and related services. The production of petrochemicals involves practices that promote ecological balance and aim to conserve biodiversity. These food products do not use any food additive or industrial solvent.
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The petrochemicals market is expected to reach a value of nearly $525 billion by 2022, significantly growing at a growth rate of about 4% during the forecast period. The steady growth in the petrochemicals market is due to stability in oil prices.
However, the market for petrochemicals is expected to face certain restraints from several factors such as oil price volatility and stringent government regulations.
Petrochemical companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters and pressure transmitters that help to improve an organization’s operational efficiency. For example, Siemens process instrumentation and gas analytics solutions increase productivity and efficiency during plant operations.
Major players in the global petrochemicals market include Saudi Basic Industries Corporation (SABIC), Sinopec, Royal Dutch Shell Plc, LyondellBasell Industries, INEOS AG.
China Petroleum & Chemical Corporation, or Sinopec, is a Chinese oil and gas enterprise based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York. It also produces several biofuels such as biodiesel and green jet fuel, from waste vegetable oil. It also produces ethanol.
Sinopec Limited’s parent, Sinopec Group, is the world’s largest oil refining, gas, and petrochemical conglomerate, headquartered in Chaoyang District, Beijing. Sinopec’s business includes oil and gas exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, and other chemicals.
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Few Points from Table of Contents:
4. Petrochemicals Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Petrochemicals Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Petrochemicals Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Petrochemicals Market Trends And Strategies
8. Petrochemicals Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Petrochemicals Market Regional Analysis
9.1. Global Petrochemicals Market, 2018, By Region, Value ($ Billion)
9.2. Global Petrochemicals Market, 2014 – 2022, Historic And Forecast, By Region
9.3. Global Petrochemicals Market, Growth And Market Share Comparison, By Region
10. Petrochemicals Market Segmentation
10.1. Global Petrochemicals Market, Segmentation By Type, 2014 – 2022, Value ($ Billion)
10.1.8. Others – Petrochemicals
11. Petrochemicals Market Metrics
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