Pyrolysis gasoline is the by-product produced while preparing propylene and ethylene at high temperature from naphtha. Pyrolysis gasoline decomposes at higher temperature, while stays thermally stable at lower temperature. It is colorless in nature and it can be highly flammable in liquid as well as in vapor forms. Pyrolysis gasoline is used as a booster in motor fuels. Moreover, it is extensively utilized in petrochemical production.

Market scope and structure analysis

COVID-19 scenario

The world is suffering from economic slowdown due to the outbreak of COVID-19. The pyrolysis gasoline market has witnessed downfall in terms both demand and supply.  The outbreak of COVID-19 has resulted in nationwide lockdown, which has resulted in decline in demand for pyrolysis gasoline drastically. The similar scenario is anticipated till the third quarter of 2020, however, the market recover by the first half of 2021.   

Drivers of global pyrolysis gasoline market

The growth of the global pyrolysis gasoline market is significantly driven by various factors such as its use in petrochemical plants for motor fuels and internal source of fuel for benzene. Rise in number of petrochemical plants all across the globe is one of the major factors driving the market of global pyrolysis gasoline market. 

Furthermore, North America and European countries have witnessed significant growth in response to the expansion projects in the most of petrochemical plants, followed by Asia-Pacific. Surge in petrochemical production in Asian countries is complementing the growth of this market.  

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

In the composition of pyrolysis gas, the amount of benzene, toluene, and xylene is higher as compared to styrene and other aromatics. Fluctuating crude oil prices for the procedure of pyrolysis fuel is confining business sector development. Nonetheless, manufacturers are seeking to discover alternative for elective crude materials for the arrangement of pyrolysis fuel.

In addition, manufacturers are concentrating on different methodologies in the pyrolysis gasoline market to get fragrant source  mix. Moreover, researchers are trying to get develop similar but less expensive catalysts over nickel and palladium for the hydrogenation of pyrolysis gas.

Key segments covered

Key benefits of the report

• This study presents the analytical depiction of the global pyrolysis gasoline market 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 pyrolysis gasoline market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.