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Petrochemical Industry in the United States - Forecast and Analysis 2021

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  • 210 Pages
  • July 2021
  • Region: United States
  • Aruvian Research
  • ID: 5393867
The petrochemical industry in the US has been facing pressure from multiple fronts as the COVID-19 pandemic, and low energy prices have driven down demand. Nevertheless, the third quarter of 2021 witnessed better market performance as the US maintained its leading position in global petrochemical capacity and welcomed a better economic scenario. With somewhat of a recovery in demand and stable output, the US petrochemical industry is looking at better numbers in the second half of 2021. However, they are still short of pre-pandemic performance.

Having an extensive and integrated petrochemical industry, the US has a vast resource base, and the US petrochemical sector has a high level of competitiveness on the global stage. The US is also home to many industry leaders like Dow, CPChem, Eastman Chemical, Exxon, etc. US petrochemical companies have improved light cracking capabilities in their plants and have also increased production from feedstocks. Strong capacity growth post-COVID era has boosted the potential of the industry for low operating rates.

The publisher presents an in-depth analysis of the Petrochemical Industry in the United States in its research report Petrochemical Industry in the United States - Forecast and Analysis 2021.

The report covers the following data:

  • An in-depth coverage of the petrochemical industry in the US by sectors along with an analysis of how the COVID-19 pandemic is effecting the industry.
  • Within the US petrochemical industry, we analyze the market for aromatics, ethylene, polyethylene, methanol, monoethylene glycol (MEG), MTBE, paraxylene, PET, propylene, polypropylene, PVC, toluene, TDP, styrene, butadiene, and many other chemicals.
  • A SWOT analysis of the US petrochemical industry.
  • We take an up-close view of the regulatory framework governing the US petrochemical industry, along with the environmental regulations affecting the sector.
  • Competition in the industry, along with an in-depth analysis of the players in the sector like BP, Dow Chemical, CPChem, LyondellBasell, Shell Chemicals, and many others are included.
  • A detailed forecast of the US petrochemical industry completes this comprehensive analysis.

Table of Contents

A. Executive Summary

B. Industry Definition

C. Brief View of the Global & Regional Petrochemical Industry
C.1 Regional Overview
C.2 Global Overview

D. Impact of COVID-19 on the Petrochemical Industry

E. Petrochemical Industry in United States
E.1 Industry Overview
E.2 Market for Aromatics
E.3 Market for Butadiene
E.4 Market for Ethylene and Polyethylene
E.5 Ethylene Trade Flows
E.6 Market for Methanol
E.7 Market for Monoethylene Glycol (MEG)
E.8 Market for MTBE
E.9 Market for Paraxylene
E.10 Market for PET (Polyethylene Terephthalate)
E.11 Market for Propylene and Polypropylene
E.12 Market for PVC (Polyvinyl Chloride)
E.13 Market for Toluene & TDP
E.14 Demand from Downstream Products
E.15 Industry Trends
E.16 Shale Natural Gas Liquids
E.17 Mergers & Acquisitions

F. Petrochemical Industry in the US: SWOT Analysis
F.1 Strengths to Build Upon
F.2 Weaknesses to Overcome
F.3 Opportunities to Exploit
F.4 Threats to Overcome

G. Regulatory Framework
G.1 Overview
G.2 Regulations for the Environment
G.3 Regulations for LNG
G.4 Regulations for Fracking

H. Competition in the Industry

I. Forecast: Petrochemical Industry in the US
I.1 Global Petrochemical Industry Forecast
I.2 Petrochemical Production in the US
I.3 Petrochemical Consumption in the US

J. Major Players
J.1 BP Plc
J.1.1 Corporate Analysis
J.1.2 Business Segment Analysis
J.1.3 Financial Analysis
J.1.4 SWOT Analysis
J.2 Chevron Phillips Chemical Company (CPChem)
J.2.1 Corporate Analysis
J.2.2 Business Segment Analysis
J.2.3 Financial Analysis
J.2.4 SWOT Analysis
J.3 Dow Chemical
J.3.1 Corporate Analysis
J.3.2 Business Segment Analysis
J.3.3 Financial Analysis
J.3.4 SWOT Analysis
J.4 Eastman Chemical Company
J.4.1 Corporate Analysis
J.4.2 Business Segment Analysis
J.4.3 Financial Analysis
J.4.4 SWOT Analysis
J.5 ExxonMobil Corporation
J.5.1 Corporate Analysis
J.5.2 Business Segment Analysis
J.5.3 Financial Analysis
J.5.4 SWOT Analysis
J.6 Formosa Plastics
J.6.1 Corporate Analysis
J.6.2 Business Segment Analysis
J.6.3 Financial Analysis
J.6.4 SWOT Analysis
J.7 Huntsman Corporation
J.7.1 Corporate Analysis
J.7.2 Business Segment Analysis
J.7.3 Financial Analysis
J.7.4 SWOT Analysis
J.8 Ineos Group
J.8.1 Corporate Analysis
J.8.2 Business Segment Analysis
J.8.2 Financial Analysis
J.8.4 SWOT Analysis
J.9 LyondellBasell
J.9.1 Corporate Analysis
J.9.2 Business Segment Analysis
J.9.3 Financial Analysis
J.9.4 SWOT Analysis
J.10 NOVA Chemicals Corporation
J.10.1 Corporate Analysis
J.10.2 Business Segment Analysis
J.10.3 Financial Analysis
J.10.4 SWOT Analysis
J.11 Shell Chemicals
J.11.1 Corporate Analysis
J.11.2 Business Segment Analysis
J.11.3 Financial Analysis
J.11.4 SWOT Analysis
J.12 Total Petrochemicals & Refining USA Inc.
J.12.1 Corporate Analysis
J.12.2 Business Segment Analysis
J.12.3 Financial Analysis
J.12.4 SWOT Analysis
J.13 Westlake Chemical Corporation
J.13.1 Corporate Analysis
J.13.2 Business Segment Analysis
J.13.3 Financial Analysis
J.13.4 SWOT Analysis

K. Glossary of Terms

L. Research Methodology

M. Disclaimer

List of Figures
Figure 1: Global Growth of Chemicals Region-wise (% y-o-y), 2020
Figure 2: Cost of natural Gas and Naphtha (in USD Million), 2015-2024
Figure 3: Production Cost of Ethylene (in USD per ton), 2020
Figure 4: Global Ethylene Capacity by Process (in Million Metric Tons), 2008-2017
Figure 5: Global Propylene Capacity by Process (in Million Metric Tons), 2008-2017
Figure 6: Global Feedstock Mix by Region, 2017
Figure 7: Global Feedstock Cost by Region, 2010-2018
Figure 8: Chemicals Trade Balance by Region in 2007 & 2017 (in USD Billion)
Figure 9: Global and Region-wise Capacity Growth of Ethylene, 2008-2017
Figure 10: Global and Region-wise Capacity Growth of Propylene, 2008-2017
Figure 11: Capacity Utilization Rates Worldwide of C4 Chemicals and Aromatics, 2008-2017
Figure 12: Global Demand for Petrochemicals (Ethylene) and the Impact of COVID-19 on the Industry's Recovery
Figure 13: Outlook with Low Oil Price
Figure 14: Recovery of the Industry based on Delayed Crude Oil Demand
Figure 15: Muted Recovery Scenario of the Petrochemical Industry after COVID-19
Figure 16: Recovery Scenario of Ethylene if COVID-19 is Contained
Figure 17: Supply of Benzene and Impact of COVID-19, January 2020-March 2021
Figure 18: Average Weekly Price of Butadiene (in USD/mt), 2020-May 2021
Figure 19: HDPE Blowmolding Prices in Asia, US, and Europe (in USD/mt), 2020-May 2021
Figure 20: Fall of Naphtha-based MEG Margins
Figure 21: MTBE Imports and Exports
Figure 22: PX Margins in the US in 2021
Figure 23: Recovery of CFR Taiwan/China PX-Naphtha, 2020-April 2021
Figure 24: Rising Global MX Prices in 2021
Figure 25: PET Prices in the US, June 2020 - April 2021
Figure 26: Recycled-PET Feedstock Prices in US and Europe, July 2020 - May 2021
Figure 27: Global Polypropylene Prices (in USD/mt), January to May 2021
Figure 28: Global PVC Prices (in USD/mt), April 2020 - April 2021
Figure 29: Benzene and Polystyrene Prices in the US, 2020-April 2021
Figure 30: Additions and Spending of Chemical Capacity in the US (planned and Forecast), 2001-2021
Figure 31: Chemical Trade Surplus in the US
Figure 32: Share of the US HDPE Market by major Players (%), 2020
Figure 33: Global Capacity and Demand Forecast for Base Chemicals, 2017-2022
Figure 34: Recovery of the US Chemical Industry
Figure 35: Post-Pandemic Recovery of Petrochemical End Markets

List of Tables
Table 1: Key Statistics of the US Petrochemical Industry, 2018-2025
Table 2: Location of Key Chemical Products in the US
Table 3: Slowdown in Imports from China
Table 4: Polyethylene Projects in the US
Table 5: Cracker Developments in the US Petrochemical Industry
Table 6: Polypropylene Projects in the US
Table 7: Financial Data of CPCHem
Table 8: Financial Data of Dow Chemical
Table 9: Financial Data of Huntsman Corporation
Table 10: Financial Data of LyondellBasell
Table 11: Financial Data of Westlake Chemical

Companies Mentioned

  • BP Plc
  • Chevron Phillips Chemical Company (CPChem)
  • Dow Chemical
  • Eastman Chemical Company
  • ExxonMobil Corporation
  • Formosa Plastics
  • Huntsman Corporation
  • Ineos Group
  • LyondellBasell
  • NOVA Chemicals Corporation
  • Shell Chemicals
  • Total Petrochemicals & Refining USA Inc.
  • Westlake Chemical Corporation