Bharat Book Bureau Provides the Trending Market Research Report on "Petrochemicals Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery" under Chemical category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Petrochemicals Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery
Including: By Type: Ethylene; Propylene; Benzene; Xylene; Styrene; Toluene; Cumene; Others
By End-User: Textile; Furniture; Paints And Coatings; Pharmaceuticals; Synthetic Rubber And Fibers; Plastic Materials And Resins; Toiletries And Cleaning Compounds; Others
Covering: Royal Dutch Shell PLC; Saudi Basic Industries Corporation (SABIC); The Dow Chemical Company; China Petroleum & Chemical Corporation (Sinopec); LyondellBasell Industries N.V.

Petrochemicals Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global petrochemicals market.

Reasons to Purchase

• Outperform competitors using accurate up to date demand-side dynamics information.
• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
• Identify growth segments for investment.
• Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
• Create regional and country strategies on the basis of local data and analysis.
• Stay abreast of the latest customer and market research findings
• Benchmark performance against key competitors.
• Develop strategies based on likely future developments.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Gain a global perspective on the development of the market.

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Description:

Where is the largest and fastest growing market for the petrochemicals market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global petrochemicals market opportunities and strategies to 2030 report from the Business Research Company answers all these questions and many more.

The report covers the following chapters

• Executive Summary – The executive summary section of the report gives a brief overview and summary of the report
• Report Structure – This section gives the structure of the report and the information covered in the various sections.
• Introduction - The introduction section of the report gives brief introduction about segmentation by geography and segmentation by type, and by end-user industry.
• Market Characteristics – The market characteristics section of the report defines and explains the petrochemicals market. This chapter includes different services covered in the report and basic definitions.
• Supply Chain – The supply chain section of the report defines and explains the key players in the petrochemicals market supply chain.
• Product Analysis – The product analysis section of the report describes the leading products/services in the market along with key features and differentiators for those products/services.
• Customer Information – This chapters covers recent customers’ trends/preferences in the global petrochemicals market.
• Trends And Strategies – This chapter describes the major trends shaping the global petrochemicals market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
• Impact of COVID-19 – This section describes the impact of COVID-19 on the petrochemicals market by region.
• Global Market Size And Growth – This section contains the global historic (2015-2019) and forecast (2023F, 2025F, 2030F) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
• Regional Analysis – This section contains the historic (2015-2019), forecast (2019-2023F, 2025F, 2030F) market value and growth and market share comparison by region.
• Market Segmentation – This section contains the market values (2015-2019, 2019-2023F, 2025F, 2030F) and analysis for segment by type in the market.
• Regional Market Size And Growth – This section contains the region’s market size (2019), historic and forecast (2015-2019, and 2023F, 2025F, 2030F) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
• Competitive Landscape – This section covers details on the competitive landscape of the global petrochemicals market, estimated market shares and company profiles of the leading players.
• Key Mergers And Acquisitions – This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
• Market Background – This section describes the chemicals market of which the petrochemicals market is a segment. This chapter includes the chemicals market 2015-23 values, and regional analyses for the chemicals market.
• Market Opportunities And Strategies – This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
• Conclusions And Recommendations – This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for petrochemicals in terms of products offerings, geographic expansion, marketing strategies and target groups.
• Appendix – This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

The global petrochemicals market is segmented into -

By Type: Ethylene; Propylene; Benzene; Xylene; Styrene; Toluene; Cumene; Others

By End-User: Textile; Furniture; Paints And Coatings; Pharmaceuticals; Synthetic Rubber And Fibers; Plastic Materials And Resins; Toiletries And Cleaning Compounds; Others

Companies Mentioned: Royal Dutch Shell PLC; Saudi Basic Industries Corporation (SABIC); The Dow Chemical Company; China Petroleum & Chemical Corporation (Sinopec); LyondellBasell Industries N.V.

Countries: China, Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand, Vietnam, Canada, Mexico, USA, Argentina, Brazil, Chile, Colombia, Peru, Venezuela, Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK, Czech Republic, Poland, Romania, Russia, Saudi Arabia, Israel, Turkey, UAE, Egypt, Nigeria, South Africa

Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This report describes and evaluates the global petrochemicals market. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030.

The global petrochemicals market reached a value of nearly $456.5 billion in 2019, having increased at a compound annual growth rate (CAGR) of 3.7% since 2015. The market is expected to decline from $456.5 billion in 2019 to $434.1 billion in 2020 at a compound annual growth rate (CAGR) of –4.9%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is expected to grow slightly from $430.96 billion in 2021 to $431.01 in 2023 at a CAGR of 0.01%. The market is expected to stabilize and reach $453.6 billion in 2025 and $506.1 billion in 2030.

Growth in the historic period resulted from economic growth in emerging markets, growth of the packaging industry, low interest rate environment, and global population growth. Factor that negatively affected growth in the historic period was stringent regulations.

Going forward, rising demand for polypropylene, and rising demand for synthetic materials will drive the growth. Factors that could hinder the growth of the petrochemicals market in the future include reduction in free trade, environmental concerns, covid-19, and oil price wars.

The petrochemicals market is segmented by type into benzene, ethylene, propylene, styrene, toluene, xylene, cumene, and others. The benzene market was the largest segment of the petrochemicals market segmented by type, accounting for 21.9% of the total in 2019. It was followed by ethylene, propylene, and others. Going forward, the ethylene segment is expected to be the fastest growing segment in the petrochemicals market, at a CAGR of 0.7%.

The petrochemicals market is segmented by end user into furniture, plastic material and resins, toiletries and cleaning compounds, textile, synthetic rubber and fibers, pharmaceuticals, paints and coatings, and others. The others market was the largest segment of the petrochemicals market segmented by end user industry, accounting for 33.3% of the total in 2019. Going forward, the pharmaceuticals segment is expected to be the fastest growing segment in the petrochemicals market, at a CAGR of 5.5%.

Asia Pacific was the largest region in the global petrochemicals market, accounting for 43.9% of the total in 2019. It was followed by the Middle East, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the petrochemicals market will be Africa and Eastern Europe, where growth will be at CAGRs of 2.46% and 0.39% respectively. These will be followed by South America and Western Europe, where the markets are expected to register CAGRs of 0.37% and -0.9% respectively.

The petrochemicals market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 37.4% of the total market in 2019. Major players in the market include Royal Dutch Shell PLC, Saudi Basic Industries Corporation (SABIC), The Dow Chemical Company, China Petroleum & Chemical Corporation (Sinopec), and LyondellBasell Industries N.V.

The global chemicals market, of which the petrochemicals market is a segment, reached a value of nearly $3,870.3 billion in 2019, growing at a compound annual growth rate (CAGR) of 3.8% since 2015. It is expected to decline at a CAGR of -1.2% and reach nearly $3,689.3 billion by 2023. The ethyl alcohol and other basic organic chemical market was the largest segment in the global chemicals market accounting for 25.3% of the total in 2019. The printing inks market was the smallest segment of the global chemicals market, accounting for 1.0% of the total and was valued at $37.1 billion in 2019.

The top opportunities in the petrochemicals market segmented by type will arise in the ethylene segment, which will gain $3.00 billion of global annual sales by 2023. The top opportunities in the petrochemicals market segmented by end user industry will arise in the pharmaceuticals segment, which will gain $6.3 billion of global annual sales by 2023. The petrochemicals market size will gain the most in Nigeria at $1.14 billion.

Market-trend-based strategies for the petrochemicals market include investing in automation and instrumentation services, investing in developing on-purpose propylene technologies, implementing artificial intelligence in operations, investing in plastic recycling to deal with regulatory challenges, and investing in crude oil to chemical technologies. Player-adopted strategies in the petrochemicals market include expanding its business through sustainable investments, strengthening business both organically and non-organically, and strengthening its business through collaboration.

To take advantage of the opportunities, the business research company recommends the petrochemicals companies to use digital and advanced analytics, focus on developing crude oil to chemical technologies, expand in emerging markets, focus on capacity additions in low-cost countries, set up authorized distribution channel, provide flexible pricing, increase visibility through a high-performance website and focus on fast-growing end-use industries.

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