Petrochemicals Market
                     Petrochemicals Market Size, Growth Factor, Key Players, Regional Demand, Trends and 
Forecast To 2027
Market Overview
Petrochemicals are chemical compounds derived from hydrocarbons, mainly petroleum and gas . 
they will even be obtained from various renewable materials like sugarcane and corn. 
Petrochemicals are classified on the idea of their chemical structure, namely, olefins, aromatics, and
synthesis gas hydrocarbon. Olefin hydrocarbons include ethylene and propylene, while benzene, 
toluene and xylene belong to the category of aromatic hydrocarbons. 
Various process like fluid catalytic cracking (FCC), steam cracking, and catalytic reforming 
employed in refineries and chemicals plants to get the specified product. Petroleum products form 
an integral aspect of lifestyle and find major demand across various end-use industries. Moreover, 
petrochemicals products find application in various everyday use products like clothes, houses, 
automobiles, tooth brush, furniture, irrigation, home items , synthetic detergents, packaging, 
electronics, performance products, and medical equipment.
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Market Dynamics
Large volume of feedstock or raw materials available within the Organization of Petroleum 
Exporting Countries (OPEC), and rapid development of shale gas exploration within the North 
American region, primarily within the U.S. and Canada, is predicted to make a highly conducive 
environment for growth of the worldwide petrochemicals market. China is one among the most 
important consumers of petrochemical products. Rampant growth of varied end-use industries is 
predicted to fuel demand for petroleum products, especially in emerging economies of Asia Pacific, 
like India and China. 
As per data released by the U.S. Energy Information Administration (EIA), in 2017, total liquid fuel
consumption in Asia Pacific reached 33.3 million barrels per day (bpd), with China accounting for 
80% of the consumption within the region. Moreover, rapid advancement within the shale gas 
technology like the hydro fracturing technology is being explored within the U.S. and Canada to 
extract petroleum. These factors, in turn, are projected to supply high growth traction to the 
worldwide petrochemicals market.
Global Petrochemicals Market Taxonomy
On the basis of product type, the global market is classified into:
•Ethylene
•Polyethylene
•Ethyl benzene
•Ethylene oxide
•Others
•Propylene
•Propylene oxide
•Polypropylene
•Isopropanol
•Others
•Butadiene
•Styrene
•Acrylonitrile butadiene styrene
•Butadiene
•Others
•Benzene
•Cyclohexane
•Nitrobenzene
•Ethyl benzene
•Others
•Xylene
•Toluene
•Solvents
•Benzene
•Xylenes
•Others
Key players in the market include BASF SE, Sinopec Limited, ExxonMobil, The Dow Chemical 
Company, Shell Chemical Company, SABIC, LyondellBasell Industries, Total S.A., Sumitomo 
Chemical Co. Ltd., Chevron Phillips Chemical Company LLC and E. I. du Pont de Nemours and 
SNPC, INEOS, and Reliance Industries.
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