Market Research Insights

  San Francisco, 8 Nov 2021:   The Report  Petrochemicals Market  Size, Share & Trends Analysis Report By Product (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Methanol), By Region (North America, Europe, APAC, Latin America), And Segment Forecasts, 2021 - 2028 The global petrochemicals market size is estimated to reach USD 860.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2021 to 2028. The market is largely driven by rising demand for downstream specialty chemicals and plastic manufacturing. The market is expected to witness steady growth over the forecast period owing to increasing demand from end-use industries such as construction, industrial, textile, medical, pharmaceuticals, consumer good automotive, and electronics. Crude oil and natural gas are the major raw materials used for the manufacturing of petrochemical products. The volatile prices of crude oil are a major challenge in

San Francisco, 5 March 2019: The Report Petrochemicals Market Analysis By Product (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Vinyls, Styrene, Methanol) By Region (North America, Europe, China, Middle East, Africa, Latin America) And Segment Forecasts, 2018 – 2025 The global Petrochemicals Market is expected to reach USD 958.8 billion by 2025, according to a new report by Grand View Research, Inc. Increasing shale gas exploration coupled with abundant availability of cheap indigenous crude oil in Middle East & Africa is projected to drive demand. Increasing demand for petrochemical products from end-use industries such as automotive, construction, textile, electronics, and pharmaceutical is expected to foster consumption. Government support and favorable policies in Asia Pacific countries such as China and India are anticipated to promote industry growth. Infrastructure development coupled with transportation industry growth in BRICS nation is likely to prope