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Petrochemicals Market

Petrochemicals Market Overview:
Petrochemicals Market is expected to witness significant growth with a CAGR of 6.7% over the forecast period to 2023 and reach USD 1075.19 Bn during period by Forecast to 2023.
Petrochemical Market Competitive Analysis:
Petrochemicals Market appears to be highly fragmented and competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Key feedstock suppliers have integrated their operations forward to produce petrochemicals via extraction and refining of crude oil. Emerging manufacturing processes have resulted in raw material replacement, shifts in the ratio of coproduces, and cost.
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Petrochemicals Market Key Players:

BASF SE,
ExxonMobil Corporation,
The Dow Chemical Company,
Shell Chemical Company,
SABIC,
Sinopec Limited,
Lyondell Basell Industries,
Total S.A.,
Sumitomo Chemical Co. Ltd.,
Chevron Phillips Chemical Company LLC,
I. du Pont de Nemours and Company,

Petrochemicals Market Regional Analysis:
Asia Pacific is the dominating market for petrochemicals and accounted for over 50% of market shares in terms of volume followed by North America and Europe in 2018. China and India collectively led the APAC petrochemical market and will contribute majorly in the dominance of this region throughout forecast period. Favourable government regulations in China as well other counties across APAC likely to encourage growth in this market. Owing to increasing urbanization coupled with rapid industrialization has made china leading contributor in the growth of APAC market by accounting 25% regional shares in terms of volume.
In addition, increasing demand from countries such as, Indonesia, Thailand, and Vietnam are anticipated to boost consumption in Rest of Asia Pacific market. India expected to register progressive growth over the forecast period. This is due to initiatives such as PCPIR (Petroleum, Chemical and Petrochemicals Investment Region) by Indian government to promote petrochemical infrastructure in the country giving subsidies.
Petrochemicals Market Segmentation Analysis:
Petrochemicals Market is majorly segmented on the basis of product, application and by region. Market segmentation on the basis of products includes Methanol, benzene, xylene, toluene, ethylene, propylene, butadiene, vinyl styrene. Moreover, Ethylene is the leading product segment and accounted for 30% overall market volume in 2016. Abundance and low-cost ethane availability has made this segment most dominant.
Furthermore, propylene is the prominent segment in terms of value and accounted to bench mark in USD Billion in 2018. Owing to major utilizations in production of variety of chemicals including propylene oxide, acrylonitrile, cumene, butyraldehyde and acrylic acid have made propylene dominant segment in terms of revenue. Methanol product segment projected to be the fastest growing segment over the forecast period of 2018 to 2023. As growth of methanol is directly related to its increasing usage in gasoline blending and methanol to olefins processes.
On the basis of application market segmented into adhesives, polymers, paints and coatings, dyes, surfactants, rubber, plastics, and solvents. Based on the regions market is segmented into North America, APAC, Europe, Latin America and Middle East and Africa.
Petrochemicals Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Petrochemicals Market
Petrochemicals Market Table of Content to be Continue……,
Petrochemicals Market List of Table:
Table 1  Market Synopsis
Table 2  List of Assumptions
Table 3  Crude Oil Production by Various Middle Eastern Countries (2017)
Table 4  Global Petrochemicals Price (USD/Tons)
Table 5  Petrochemicals Price (USD/Tons), By Region
Petrochemicals Market List of Table to be Continue……,
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