Petrochemicals Market
PUBLISHED: 2022 ID: SMRC21474
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Petrochemicals Market

Petrochemicals Market Forecasts to 2028 – Global Analysis By Product (Benzene, Xylene), Application (Surfactants, Solvents, Polymers), End User, and By Geography

4.1 (31 reviews)
4.1 (31 reviews)
Published: 2022 ID: SMRC21474

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $469.73 BN

Projected Year Value (2028)

US $815.52 BN

CAGR (2021 - 2028)

8.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Fastest Growing Market

Europe


According to Stratistics MRC, the Global Petrochemicals Market is accounted for $469.73 billion in 2021 and is expected to reach $815.52 billion by 2028 growing at a CAGR of 8.2% during the forecast period. Petrochemicals are chemical substances made mainly from natural gas, coal, and oil. Petrochemical is a vital component for many industrial processes, and hence forms the backbone of an industrial economy. Products such as propylene, ethylene, benzene, and xylene are used in packaging, plastics, rubber, and electronics.



Market Dynamics:

Driver:

Increasing plastic consumption in developing economies


The main part of petrochemicals produced is consumed to manufacture plastics. The demand for such plastics increased for food and other commercial products, particularly in major end-use industries. The development will continue rising during the forecast period, particularly in developing countries. Plastic extends the shelf life of food, decreases food waste, and its low weight decrease fuel consumption when transporting goods. It offers economic benefits and can help in resource optimization, which is important in the growth of emerging economies. Consumer product demand is likely to increase in developing economies, due to the rising purchasing power of a major population segment. This is likely to increase plastic consumption, which will drive market growth.

Restraint:

Harmful effects caused by petrochemical products


Increasing health and environmental concerns over hazardous products in daily life may hamper the market growth. Because of the availability of information, the number of environmentally conscious consumers across the globe is rising. This is likely to support industries to offer environmentally sound consumer products. Petrochemicals such as benzene are not only toxic to the environment but have also been found to be carcinogenic in humans. Short-term exposure to this feedstock can cause narcosis, eye irritation, and skin irritation, while long-term exposure can cause serious health problems. Microplastics, which are formed because of the breakdown of macroscopic plastics, have a wide range of environmental impacts. This is likely to result in stricter health and environmental regulations limiting hazardous products.

Opportunity:

Increasing demand from the automotive industry


The usage of petrochemical products in the automotive sector is increasing owing to their mechanical properties. Automotive manufacturers are adopting advanced components in vehicle manufacturing. The automotive sector is continuously using innovative materials to reduce vehicle weight and achieve better fuel efficiency. Iron and steel are replaced by polymer and composite materials in the automotive sector which is further driving the market growth. Ethylene and polypropylene are used for manufacturing different components in the automotive industry. Polypropylene is used for neutralizing battery weight in electrical vehicles and is also used as an insulating material in interior design use. The growth in automotive and construction industries across many countries is positively impacting the market.

Threat:

Capital intensive environment


The cost of production is influenced by the availability and cost of raw materials, including coal and natural gas, as well as freight costs, capital costs, and government policies. The production of methanol using any carbon-based source is a capital-intensive process. The players must first identify the raw material to secure economical and uninterrupted supply for a long period. The construction of the plant also needs huge investments. The post phases, such as maintenance and installation of technology, among others, also require considerable capital. There are some political and environmental challenges as well, which are hindering market growth, such as exploitation of natural gas reserves in different regions and environmental issues associated with methanol when used as fuel.
 
The methanol segment is expected to be the largest during the forecast period


The methanol segment is estimated to have a lucrative growth owing to the high demand in several end-use industries such as construction, paints and adhesives, pharmaceuticals, plastics, and automotive. Methanol is utilized as a feedstock for producing acetic acid and formaldehyde, which are used in foams, adhesives, foams, solvents, plywood subfloors, and windshield washer fluids.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is anticipated to witness the fastest CAGR growth during the forecast period due to the modern automobile industry highly dependent on petrochemicals for developing and manufacturing modern and efficient vehicles and significant properties such as flexibility, lightweight, and durability driving the usage of petrochemicals in the automotive industry.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to rapid growth in the infrastructural and automotive sector in the region, rapid industrialization along with the presence of developing nations, rising demand for construction products made up of plastics, growing health awareness applications, improving standards of living and competitive manufacturing costs.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period owing to the ongoing recovery of the overall manufacturing sector, increasing ethylene production in key countries, such as Germany, France, and the U.K. has led to the surged demand for petrochemicals from manufacturers to produce various industrial chemicals.



Key players in the market

Some of the key players profiled in the Petrochemicals Market include Mitsubishi Chemical Corporation, Total SA, China National Petroleum Corporation (CNPC), SABIC, Royal Dutch Shell PLC, Maruzen Petrochemical Co., Ltd, LyondellBasell Industries Holdings B.V., INEOS Group Ltd, Formosa Plastics, ExxonMobil Corporation, Dow Chemical Company, Reliance Industries Limited, Chevron Corporation, BASF SE, Sinopec Ltd and LG Chem.  


Key Developments:

In June 2020, INEOS Group Ltd acquired BP’s global Aromatics & Acetyls business. INEOS is already one of the world’s leading petrochemical companies and this acquisition will extend both the portfolio and the geographic reach of the business.  

In Aug 2019, China National Petroleum Corporation (CNPC) signed an agreement with the government of Benin for a crude oil pipeline from Agadem in Niger to Sèmè port in Benin. The more than 1,900km pipeline, including 687km in Benin, is the largest cross-border crude pipeline invested by CNPC in Africa.
 
Sources Covered:
• Fossil Fuels
• Renewable Sources
• Crude Petroleum
 
Type of Polymers Covered:
• Polyvinyl Chloride (PVC)  
• Polystyrene (PS)  
• Polypropylene (PP)  
• Polyethylene (PE)  
• Polyester (PET)  
• Acrylonitrile Butadiene Styrene (ABS)  
 
Manufacturing Processes Covered:
• Catalytic Reforming
• Fluid Catalytic Cracking (FCC)
• Steam Cracking
 
Products Covered:
• Benzene
• Butylene
• Propylene
• Ethylene
• Xylene
• Toluene
• Styrene
• Methanol
 
Applications Covered:
• Paints and Coatings 
• Surfactants 
• Rubber 
• Pigments and Dyes 
• Fibers and Fabrics 
• Adhesives and Sealants 
• Solvents 
• Polymers 
 
End Users Covered:
• Transportation
• Building & Construction
• Textiles & Leather
• Pulp & Paper
• Energy & Power
• Packaging
• Medical & Healthcare
• Food & Beverages
• Electrical & Electronics
• Consumer & Industrial Goods
• Agriculture
• Power & Utilities
• Marine

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Petrochemicals Market is majorly driven by increasing plastic consumption in developing economies and rising demand for downstream products from various end-use industries.

The automotive segment is growing at a highest CAGR owing to modern automobile industry highly dependent on petrochemicals for developing and manufacturing modern and efficient vehicles.

Asia Pacific dominated with a significant market share due to the rapid industrialization along with the presence of developing nations and improving standards of living.

Europe region is growing at a highest CAGR owing to increasing ethylene production in key countries and ongoing recovery of the overall manufacturing sector.

Key players in the Petrochemicals Market include Mitsubishi Chemical Corporation, Total SA, China National Petroleum Corporation (CNPC), SABIC, Royal Dutch Shell PLC, Maruzen Petrochemical Co., Ltd, LyondellBasell Industries Holdings B.V., INEOS Group Ltd, Formosa Plastics, ExxonMobil Corporation, Dow Chemical Company, Reliance Industries Limited, Chevron Corporation, BASF SE, Sinopec Ltd and LG Chem.

Table of Contents

1 Executive Summary           
             
2 Preface   
         
 2.1 Abstract           
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology         
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources        
  2.5.2 Secondary Research Sources        
  2.5.3 Assumptions         
             
3 Market Trend Analysis          

 3.1 Introduction          
 3.2 Drivers           
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats           
 3.6 Product Analysis          
 3.7 Application Analysis         
 3.8 End User Analysis          
 3.9 Emerging Markets          
 3.10 Impact of Covid-19          
             
4 Porters Five Force Analysis          
 4.1 Bargaining power of suppliers         
 4.2 Bargaining power of buyers         
 4.3 Threat of substitutes         
 4.4 Threat of new entrants         
 4.5 Competitive rivalry          
             
5 Global Petrochemicals Market, By Source        
 5.1 Introduction          
 5.2 Fossil Fuels          
  5.2.1 Coal          
  5.2.2 Natural Gas         
 5.3 Renewable Sources          
 5.4 Crude Petroleum          
             
6 Global Petrochemicals Market, By Type of Polymer        
 6.1 Introduction          
 6.2 Polyvinyl Chloride (PVC)         
 6.3 Polystyrene (PS)          
 6.4 Polypropylene (PP)          
 6.5 Polyethylene (PE)          
 6.6 Polyester (PET)          
 6.7 Acrylonitrile Butadiene Styrene (ABS)        
             
7 Global Petrochemicals Market, By Manufacturing Process       

 7.1 Introduction          
 7.2 Catalytic Reforming          
 7.3 Fluid Catalytic Cracking (FCC)         
 7.4 Steam Cracking          
             
8 Global Petrochemicals Market, By Product        

 8.1 Introduction          
 8.2 Benzene           
  8.2.1 Phenol/Cumene         
  8.2.2 Nitrobenzene         
  8.2.3 Chlorobenzene         
  8.2.4 Ethyl Benzene         
  8.2.5 Cyclohexane         
  8.2.6 Maleic Anhydride         
  8.2.7 Alkyl Benzene         
 8.3 Butylene            
  8.3.1 Styrene-Butadiene Rubber        
  8.3.2 Butadiene Rubber         
  8.3.3 Isobutylene          
  8.3.4 Styrene-Butadiene Latex        
  8.3.5 Butadiene          
  8.3.6 Other Butylene Products         
   8.3.6.1 Mechanical Belts        
   8.3.6.2 Nitrile Rubber        
 8.4 Propylene          
  8.4.1 Propylene Oxide         
  8.4.2 Allyl Chloride         
  8.4.3 Isopropyl Alcohol         
  8.4.4 Cumene          
  8.4.5 Acrylonitrile         
  8.4.6 Isopropanol          
  8.4.7 Acrylic Acid         
 8.5 Ethylene           
  8.5.1 Ethylene Oxide         
  8.5.2 Ethylene Dichloride or 1,2-Dichloroethane      
  8.5.3 Acetaldehyde          
  8.5.4 Ethanolamine          
  8.5.5 Ethyl Alcohol          
  8.5.6 Other Ethylene Products        
   8.5.6.1 Vinyl Acetate        
   8.5.6.2 Polyolefins        
   8.5.6.3 Alpha Olefins        
 8.6 Xylene           
  8.6.1 Para-Xylene         
  8.6.2 Ortho-Xylene         
  8.6.3 Meta-Xylene         
 8.7 Toluene           
  8.7.1 Toluene Diisocyanate         
  8.7.2 Benzoic Acid         
  8.7.3 Other Toluene Products         
   8.7.3.1 Pesticides        
   8.7.3.2 Nitro Toluene        
   8.7.3.3 Drugs         
 8.8 Styrene           
 8.9 Methanol          
  8.9.1 Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP)     
  8.9.2 Formaldehyde         
  8.9.3 Methyl Methacrylate (MMA)         
  8.9.4 Gasoline          
  8.9.5 Dimethyl Ether         
  8.9.6 Acetic Acid         
  8.9.7 Methyl Tert-Butyl Ether (MTBE)       
             
9 Global Petrochemicals Market, By Application        
 9.1 Introduction          
 9.2 Paints and Coatings          
 9.3 Surfactants          
 9.4 Rubber           
 9.5 Pigments and Dyes           
 9.6 Fibers and Fabrics          
 9.7 Adhesives and Sealants         
 9.8 Solvents           
 9.9 Polymers           
             
10 Global Petrochemicals Market, By End User        
 10.1 Introduction          
 10.2 Transportation           
  10.2.1 Locomotive         
  10.2.2 Automotive         
  10.2.3 Aerospace         
 10.3 Building & Construction          
  10.3.1 Residential Construction        
  10.3.2 Infrastructure         
  10.3.3 Commercial Construction        
 10.4 Textiles & Leather           
 10.5 Pulp & Paper           
 10.6 Energy & Power          
 10.7 Packaging          
 10.8 Medical & Healthcare         
 10.9 Food & Beverages           
 10.10 Electrical & Electronics         
 10.11 Consumer & Industrial Goods          
 10.12 Agriculture           
 10.13 Power & Utilities           
 10.14 Marine            
             
11 Global Petrochemicals Market, By Geography        
 11.1 Introduction          
 11.2 North America           
  11.2.1 US          
  11.2.2 Canada          
  11.2.3 Mexico          
 11.3 Europe           
  11.3.1 Germany          
  11.3.2 UK          
  11.3.3 Italy          
  11.3.4 France          
  11.3.5 Spain          
  11.3.6 Rest of Europe         
 11.4 Asia Pacific          
  11.4.1 Japan          
  11.4.2 China          
  11.4.3 India          
  11.4.4 Australia          
  11.4.5 New Zealand         
  11.4.6 South Korea         
  11.4.7 Rest of Asia Pacific         
 11.5 South America          
  11.5.1 Argentina         
  11.5.2 Brazil          
  11.5.3 Chile          
  11.5.4 Rest of South America        
 11.6 Middle East & Africa         
  11.6.1 Saudi Arabia         
  11.6.2 UAE          
  11.6.3 Qatar          
  11.6.4 South Africa         
  11.6.5 Rest of Middle East & Africa        
             
12 Key Developments           
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 12.2 Acquisitions & Mergers         
 12.3 New Product Launch         
 12.4 Expansions          
 12.5 Other Key Strategies         
             
13 Company Profiling           
 13.1 Mitsubishi Chemical Corporation        
 13.2 Total SA           
 13.3 China National Petroleum Corporation (CNPC)       
 13.4 SABIC           
 13.5 Royal Dutch Shell PLC         
 13.6 Maruzen Petrochemical Co., Ltd        
 13.7 LyondellBasell Industries Holdings B.V.        
 13.8 INEOS Group Ltd          
 13.9 Formosa Plastics          
 13.10 ExxonMobil Corporation         
 13.11 Dow Chemical Company          
 13.12 Reliance Industries Limited         
 13.13 Chevron Corporation         
 13.14 BASF SE           
 13.15 Sinopec Ltd          
 13.16 LG Chem           


List of Tables            
1 Global Petrochemicals Market Outlook, By Region (2020-2028) ($MN)      
2 Global Petrochemicals Market Outlook, By Source (2020-2028) ($MN)      
3 Global Petrochemicals Market Outlook, By Fossil Fuels (2020-2028) ($MN)     
4 Global Petrochemicals Market Outlook, By Coal (2020-2028) ($MN)      
5 Global Petrochemicals Market Outlook, By Natural Gas (2020-2028) ($MN)     
6 Global Petrochemicals Market Outlook, By Renewable Sources (2020-2028) ($MN)     
7 Global Petrochemicals Market Outlook, By Crude Petroleum (2020-2028) ($MN)     
8 Global Petrochemicals Market Outlook, By Type of Polymer (2020-2028) ($MN)     
9 Global Petrochemicals Market Outlook, By Polyvinyl Chloride (PVC) (2020-2028) ($MN)    
10 Global Petrochemicals Market Outlook, By Polystyrene (PS) (2020-2028) ($MN)     
11 Global Petrochemicals Market Outlook, By Polypropylene (PP) (2020-2028) ($MN)     
12 Global Petrochemicals Market Outlook, By Polyethylene (PE) (2020-2028) ($MN)     
13 Global Petrochemicals Market Outlook, By Polyester (PET) (2020-2028) ($MN)     
14 Global Petrochemicals Market Outlook, By Acrylonitrile Butadiene Styrene (ABS) (2020-2028) ($MN)   
15 Global Petrochemicals Market Outlook, By Manufacturing Process (2020-2028) ($MN)     
16 Global Petrochemicals Market Outlook, By Catalytic Reforming (2020-2028) ($MN)     
17 Global Petrochemicals Market Outlook, By Fluid Catalytic Cracking (FCC) (2020-2028) ($MN)    
18 Global Petrochemicals Market Outlook, By Steam Cracking (2020-2028) ($MN)     
19 Global Petrochemicals Market Outlook, By Product (2020-2028) ($MN)      
20 Global Petrochemicals Market Outlook, By Benzene (2020-2028) ($MN)      
21 Global Petrochemicals Market Outlook, By Phenol/Cumene (2020-2028) ($MN)     
22 Global Petrochemicals Market Outlook, By Nitrobenzene (2020-2028) ($MN)     
23 Global Petrochemicals Market Outlook, By Chlorobenzene (2020-2028) ($MN)     
24 Global Petrochemicals Market Outlook, By Ethyl Benzene (2020-2028) ($MN)     
25 Global Petrochemicals Market Outlook, By Cyclohexane (2020-2028) ($MN)     
26 Global Petrochemicals Market Outlook, By Maleic Anhydride (2020-2028) ($MN)     
27 Global Petrochemicals Market Outlook, By Alkyl Benzene (2020-2028) ($MN)     
28 Global Petrochemicals Market Outlook, By Butylene (2020-2028) ($MN)      
29 Global Petrochemicals Market Outlook, By Styrene-Butadiene Rubber (2020-2028) ($MN)    
30 Global Petrochemicals Market Outlook, By Butadiene Rubber (2020-2028) ($MN)     
31 Global Petrochemicals Market Outlook, By Isobutylene (2020-2028) ($MN)     
32 Global Petrochemicals Market Outlook, By Styrene-Butadiene Latex (2020-2028) ($MN)    
33 Global Petrochemicals Market Outlook, By Butadiene (2020-2028) ($MN)      
34 Global Petrochemicals Market Outlook, By Other Butylene Products (2020-2028) ($MN)    
35 Global Petrochemicals Market Outlook, By Propylene (2020-2028) ($MN)      
36 Global Petrochemicals Market Outlook, By Propylene Oxide (2020-2028) ($MN)     
37 Global Petrochemicals Market Outlook, By Allyl Chloride (2020-2028) ($MN)     
38 Global Petrochemicals Market Outlook, By Isopropyl Alcohol (2020-2028) ($MN)     
39 Global Petrochemicals Market Outlook, By Cumene (2020-2028) ($MN)      
40 Global Petrochemicals Market Outlook, By Acrylonitrile (2020-2028) ($MN)     
41 Global Petrochemicals Market Outlook, By Isopropanol (2020-2028) ($MN)     
42 Global Petrochemicals Market Outlook, By Acrylic Acid (2020-2028) ($MN)     
43 Global Petrochemicals Market Outlook, By Ethylene (2020-2028) ($MN)      
44 Global Petrochemicals Market Outlook, By Ethylene Oxide (2020-2028) ($MN)     
45 Global Petrochemicals Market Outlook, By Ethylene Dichloride or 1,2-Dichloroethane (2020-2028) ($MN)  
46 Global Petrochemicals Market Outlook, By Acetaldehyde (2020-2028) ($MN)     
47 Global Petrochemicals Market Outlook, By Ethanolamine (2020-2028) ($MN)     
48 Global Petrochemicals Market Outlook, By Ethyl Alcohol (2020-2028) ($MN)     
49 Global Petrochemicals Market Outlook, By Other Ethylene Products (2020-2028) ($MN)    
50 Global Petrochemicals Market Outlook, By Xylene (2020-2028) ($MN)      
51 Global Petrochemicals Market Outlook, By Para-Xylene (2020-2028) ($MN)     
52 Global Petrochemicals Market Outlook, By Ortho-Xylene (2020-2028) ($MN)     
53 Global Petrochemicals Market Outlook, By Meta-Xylene (2020-2028) ($MN)     
54 Global Petrochemicals Market Outlook, By Toluene (2020-2028) ($MN)      
55 Global Petrochemicals Market Outlook, By Toluene Diisocyanate (2020-2028) ($MN)     
56 Global Petrochemicals Market Outlook, By Benzoic Acid (2020-2028) ($MN)     
57 Global Petrochemicals Market Outlook, By Other Toluene Products  (2020-2028) ($MN)    
58 Global Petrochemicals Market Outlook, By Styrene (2020-2028) ($MN)      
59 Global Petrochemicals Market Outlook, By Methanol (2020-2028) ($MN)      
60 Global Petrochemicals Market Outlook, By Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP) (2020-2028) ($MN) 
61 Global Petrochemicals Market Outlook, By Formaldehyde (2020-2028) ($MN)     
62 Global Petrochemicals Market Outlook, By Methyl Methacrylate (MMA) (2020-2028) ($MN)    
63 Global Petrochemicals Market Outlook, By Gasoline (2020-2028) ($MN)      
64 Global Petrochemicals Market Outlook, By Dimethyl Ether (2020-2028) ($MN)     
65 Global Petrochemicals Market Outlook, By Acetic Acid (2020-2028) ($MN)     
66 Global Petrochemicals Market Outlook, By Methyl Tert-Butyl Ether (MTBE) (2020-2028) ($MN)    
67 Global Petrochemicals Market Outlook, By Application (2020-2028) ($MN)     
68 Global Petrochemicals Market Outlook, By Paints and Coatings (2020-2028) ($MN)     
69 Global Petrochemicals Market Outlook, By Surfactants (2020-2028) ($MN)     
70 Global Petrochemicals Market Outlook, By Rubber (2020-2028) ($MN)       
71 Global Petrochemicals Market Outlook, By Pigments and Dyes (2020-2028) ($MN)     
72 Global Petrochemicals Market Outlook, By Fibers and Fabrics (2020-2028) ($MN)     
73 Global Petrochemicals Market Outlook, By Adhesives and Sealants (2020-2028) ($MN)    
74 Global Petrochemicals Market Outlook, By Solvents (2020-2028) ($MN)      
75 Global Petrochemicals Market Outlook, By Polymers (2020-2028) ($MN)      
76 Global Petrochemicals Market Outlook, By End User (2020-2028) ($MN)      
77 Global Petrochemicals Market Outlook, By Transportation (2020-2028) ($MN)     
78 Global Petrochemicals Market Outlook, By Locomotive (2020-2028) ($MN)     
79 Global Petrochemicals Market Outlook, By Automotive (2020-2028) ($MN)     
80 Global Petrochemicals Market Outlook, By Aerospace (2020-2028) ($MN)     
81 Global Petrochemicals Market Outlook, By Building & Construction (2020-2028) ($MN)    
82 Global Petrochemicals Market Outlook, By Residential Construction (2020-2028) ($MN)    
83 Global Petrochemicals Market Outlook, By Infrastructure (2020-2028) ($MN)     
84 Global Petrochemicals Market Outlook, By Commercial Construction (2020-2028) ($MN)    
85 Global Petrochemicals Market Outlook, By Textiles & Leather (2020-2028) ($MN)     
86 Global Petrochemicals Market Outlook, By Pulp & Paper (2020-2028) ($MN)     
87 Global Petrochemicals Market Outlook, By Energy & Power (2020-2028) ($MN)     
88 Global Petrochemicals Market Outlook, By Packaging (2020-2028) ($MN)      
89 Global Petrochemicals Market Outlook, By Medical & Healthcare (2020-2028) ($MN)    
90 Global Petrochemicals Market Outlook, By Food & Beverages (2020-2028) ($MN)     
91 Global Petrochemicals Market Outlook, By Electrical & Electronics (2020-2028) ($MN)    
92 Global Petrochemicals Market Outlook, By Consumer & Industrial Goods (2020-2028) ($MN)    
93 Global Petrochemicals Market Outlook, By Agriculture (2020-2028) ($MN)     
94 Global Petrochemicals Market Outlook, By Power & Utilities (2020-2028) ($MN)     
95 Global Petrochemicals Market Outlook, By Marine  (2020-2028) ($MN)      
             
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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