Global Petrochemicals Market to Reach $1 Trillion by 2030
The global market for Petrochemicals estimated at US$521.1 Billion in the year 2022, is projected to reach a revised size of US$1 Trillion by 2030, growing at a CAGR of 9% over the analysis period 2022-2030. Ethylene, one of the segments analyzed in the report, is projected to record 9.9% CAGR and reach US$449.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Propylene segment is readjusted to a revised 6.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $142 Billion, While China is Forecast to Grow at 13% CAGR
The Petrochemicals market in the U.S. is estimated at US$142 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$232.6 Billion by the year 2030 trailing a CAGR of 13% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 8.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.Select Competitors (Total 42 Featured) -
- BASF SE
- BP Plc
- Chevron Phillips Chemical Company
- China Petroleum & Chemical Corporation
- Dow
- DuPont de Nemours, Inc.
- Exxon Mobil Corp.
- Formosa Petrochemical Corporation
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corp. Ltd.
- INEOS
- LyondellBasell Industries NV
- Mitsubishi Chemical Corporation
- PetroChina Company Limited
- Reliance Industries Limited
- Royal Dutch Shell Plc
- Saudi Arabian Oil Co.
- Saudi Basic Industries Corp.
- Sumitomo Chemical Co., Ltd.
- Total S.A.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- BP Plc
- Chevron Phillips Chemical Company
- China Petroleum & Chemical Corporation
- Dow
- DuPont de Nemours, Inc.
- Exxon Mobil Corp.
- Formosa Petrochemical Corporation
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corp. Ltd.
- INEOS
- LyondellBasell Industries NV
- Mitsubishi Chemical Corporation
- PetroChina Company Limited
- Reliance Industries Limited
- Royal Dutch Shell Plc
- Saudi Arabian Oil Co.
- Saudi Basic Industries Corp.
- Sumitomo Chemical Co., Ltd.
- Total S.A.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 521.1 Billion |
Forecasted Market Value ( USD | $ 1000 Billion |
Compound Annual Growth Rate | 8.5% |
Regions Covered | Global |