Petrochemicals Market Opportunities To Reach $651.1 Billion By 2027

Petrochemicals Market Report Highlights

• The demand for butadiene is anticipated to reach USD 19.8 billion tons owing to rising applications in chemical manufacturing and monomers for tire production
• The demand for methanol is expected to witness a CAGR of 4.7% in terms of revenue over the forecast period owing to growing application scope in end-use industries such as pharmaceuticals, pesticides, and paints
• The petrochemicals market in Canada recorded a revenue of USD 10.1 billion driven by rising oil exploration activities and development of integrated facilities
• The demand for petrochemicals in Belgium is expected to grow at a CAGR of 2.9% in terms of revenue from 2020 to 2027 on account of the presence of large number of specialty chemical manufacturers and steady growth exhibited by the manufacturing sector
• The major industry participants are Royal Dutch Shell, Chevron, Sinopec, Exxon Mobil, and BP PLC.

Please fill in the form to inquire before purchase:
www.grandviewresearch.com/inquiry/2537/ibb

Petrochemicals Market Segmentation

Grand View Research has segmented the global petrochemicals market on the basis of product and region.

Petrochemicals Product Outlook (Volume, Million Tons; Revenue, USD Million, 2016–2027)

• Ethylene
• Propylene
• Butadiene
• Benzene
• Xylene
• Methanol

Petrochemicals Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2016–2027)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa