Petrochemicals Market Industry Trends And Emerging Opportunities Till 2032

Market Size, Trends and Global Forecast 2023-2032

Petrochemicals Market Definition

The petrochemicals refer to distinct chemicals made from refined petroleum or liquid hydrocarbons that are used for commercial purposes. The petrochemicals are also made from other fossil fuels, such as coal, natural gas, and renewable sources such as maize, sugar cane, or palm fruit. Click

Petrochemicals Market Characteristics

The global petrochemicals market grew from $671.57 billion in 2022 to $693.3 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The petrochemicals market is expected to grow to $786.74 billion in 2027 at a CAGR of 3.2%.

Petrochemicals Market Segments

The report covers the petrochemicals market’s segments-

By Type By Application By End User

EthylenePetrochemicals, PropylenePetrochemicals, BenzenePetrochemicals, Xylene, StyrenePetrochemicals, Toluene, Cumene, Other Petrochemicals

Polymers, Paints And Coatings, Solvents, Rubber, Adhesives And Sealants, Surfactants, Pigments And Dyes, Fibers And Fabrics, Other Applications

Construction, Packaging, Automotive And Transportation, Healthcare, Electrical And Electronics, Other End-User Industries

Major companies in the market include

Key Market Players

JXTG Holdings Inc

Saudi Basic Industries Corporation (SABIC)

Sinopec Limited

Royal Dutch Shell

Reliance Industries Limited

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