Upcoming Allied Market Research
Basic Petrochemical Market

Basic Petrochemical Market

by Type (Ethylene, Propylene, Butadiene, Benzene, and Toluene), Application (Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants, Dyes, Others), End User (Construction, Transportation, Agriculture, Textiles, Electronic Products, Health Care, and others): Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A14527
Pages: NA
Mar 2023 | 1131 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Basic Petrochemical Market

Request Now !

Petrochemical products are an important part of the chemical industry because of the high global demand for synthetic materials. Petrochemical products are used to manufacture various products for various end-use industries. Petrochemical products are widely used in the manufacturing of various materials such as paints, coatings, adhesives and thermal insulation materials. These materials are widely used in the construction industry. Petrochemical products are an important part of the staple food in daily life. Petrochemical products are compounds made from petroleum and other hydrocarbons extracted from petroleum and natural gas. Petrochemical products are mainly used as chemical components for various materials and applications in the automotive industry.

Market Scope and Structure Analysis

Petrochemical products have become the most important element in our daily lives, revolutionizing the electronics industry and creating some of the most important scientific inventions. Facts have proved that the petrochemical industry is extremely beneficial to many other industries.

COVID-19 Impact Analysis

  • The coronavirus pandemic coincides with a decline in the industry. COVID-19 has forced leaders in the petrochemical industry to rethink the prospects of the industry. Regionalized supply chain and resource productivity, chemical leaders and financial participants need to rethink their thinking and management plans.
  • The COVID-19 pandemic is expected to result in a significant fall in annual average volume demand based on different segments of the markets.
  • Due to pandemic, falling oil prices are driving down the prices of most petrochemical products and causing major changes in commodity prices.
  • Decline in fuel demand, adjustments in the product mix of refineries, and unexpected start of large-scale conversion from crude oil to chemical products. The pandemic caused trade to cease and import opportunities were limited, further reducing overall profitability.

Top Impacting Factors

  • The growth of the basic petrochemical market is driven by the growth of downstream industries and the increase in production capacity of basic petrochemicals. The production of new technologies targeting raw materials such as light crude oil and mixed crude oil is expected to have a positive impact on supply.
  • The development of these technologies will enable the company to process chemicals on a refinery scale. Operating profit margins are affected by the high R&D costs associated with downstream products and regulatory approvals.
  • However, due to growing concerns about the use of plastics and its environmental impact, the demand for plastic products in many key industries is gradually declining. It is expected that the possibility of an economic downturn in 2020 will increase, which will have a greater impact on the development of the petrochemical industry. 
  • The initial weakness in demand may lead to a decline in resource consumption, which will slow the growth of the global petrochemical industry in the second half of the forecast period.
  • The expansion of the petrochemical industry is driven by the growth of by-products in the terminal industry and the increase in the production capacity of the main chemical industry. 
  • The petrochemical industry has grown exponentially in recent decades due to increased demand in aerospace, construction, agriculture, food and beverage, electrical and electronics, healthcare, and automobiles.

Market Trends

New Developments

  • In December 2020, in a declaration consistent with Moscow's plans to forge more potent members of the family with Beijing, the Russian authorities permitted the involvement of China's Sinopec organization in a large-scale petrochemical project.
  • In July 2020, advanced Petrochemical of Saudi Arabia launched a declaration concerning their release of the development of a brand-new propane dehydrogenation (PDH) unit and a polypropylene (PP) plant in Al Jubail.
  • The improvement of latest technology primarily based totally on feedstocks consisting of mild crude and blended crude is anticipated to undoubtedly effect the supply. The adoption of Crude Oil to Chemical Technology with the aid of using producers is anticipated to benefit recognition because it offers excessive yields withinside the variety of 40.0% to 45.0%. 
  • Industrial complexes with Crude Oil to Chemical Technology generation are being built withinside the Middle East and China and anticipated to be operational with the aid of using by 2020. The improvement of such technology will allow agencies to fabricate chemical substances on a refinery scale.

Key Benefits of the Report

  • This study presents the analytical depiction of the Basic Petrochemical industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Basic Petrochemical market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the Basic Petrochemical market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Basic Petrochemical market analysis based on competitive intensity and how the competition will take shape in coming years

Basic Petrochemical Market Report Highlights

Aspects Details
By Type
  • Ethylene
  • Propylene
  • Butadiene
  • Benzene
  • Toluene
By Application
  • Polymers
  • Paints and Coatings
  • Solvents
  • Rubber
  • Adhesives and Sealants
  • Surfactants
  • Dyes
  • Others
By End Use
  • Construction
  • The Transportation
  • Agriculture
  • Textiles
  • Electronic Products
  • Health Care
  • Others
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Spain, UK, Germany, Italy, France, Netherlands, Russia, Belgium, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Taiwan, Indonesia, Malaysia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Argentina, Colombia, Chile, UAE, Israel, Nigeria, Rest of LAMEA)
Key Market Players BASF SE, SABIC, LyondellBasell Industries Holdings B.V., TOTAL, Indian Oil Corporation Limited, Chevron Phillips Chemical Company, BP PLC, Sumitomo Chemical Company, Reliance Industries Limited, China National Petroleum Corporation, DowDuPont, Royal Dutch Shell PLC, China Petroleum & Chemical Corporation

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Basic Petrochemical Market

Start reading.
This Report and over 19,609+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,930
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers