According to a new market report published by Lucintel, the future of the global basic petrochemical market looks good with opportunities in construction, transportation, agriculture, textile, industrial, electronics, healthcare and consumer goods industries. The global basic petrochemical market is expected to reach an estimated $603.2 billion by 2021 and is forecast to grow at a CAGR of 4.9% from 2016 to 2021. The major growth drivers for this market are growing demand for basic petrochemicals in end use industries. Technological innovations aimed at improving manufacturing processes to increase product yield with higher quality are expected to have a positive impact on the petrochemical industry.
Browse 37 market data tables and 61 figures spread through 137 pages and in-depth TOC on “Global Basic Petrochemical Market"
http://www.lucintel.com/basic_petrochemical_industry_2016_2021.aspx
In this market, ethylene, propylene, and ammonia are some of the major segments of basic petrochemicals. Ethylene is expected to remain the largest segment due to increasing demand from various end use applications such as packaging and construction. Lucintel predicts that the demand for ethylene is likely to experience the highest growth over the forecast period due to the growth in the polyethylene film for the food and non-food packaging applications.
Asia Pacific is expected to remain the largest region and is expected to witness above average growth over the forecast period due to economic expansion in India and China and increasing usage of chemicals in different sectors, such as healthcare, automotive, construction, and others.
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For business expansion, Lucintel’s report suggests innovation to improve oils to chemicals conversion rate and develop new crude cracking processes to reduce energy cost and environmental footprint. The report further suggests the development of partnerships to create win-win situations and the development of low-cost solutions for end users.
Pre-Purchase Query @ http://www.lucintel.com/pq/basic_petrochemical_industry_2016_2021.aspx Emerging trends, which have a direct impact on the dynamics of the market, include capacity migration to low cost locations and US shale gas boom has renewed Competitive Advantage to the sector. Saudi Basic Industry Corporation, LyondellBasell, Exxon Mobil, and Royal Dutch Shell are among the major suppliers of basic petrochemicals.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global basic petrochemical market by chemical type, application, and region, and has come up with a comprehensive research report entitled, “Growth Opportunities for the Global Basic Petrochemical Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the global basic petrochemical market by chemical type, application type, and region, as follows:
Petrochemical market by chemical type [Volume (Million Tons) and $ Billion Shipment from 2010 to 2021]:
Ethylene
Propylene
Butadiene
Benzene
Toluene
Xylene
Methanol
Ammonia
Petrochemical market by application type [Volume (Million Tons) 2015]:
Ethylene market by application
o Polyethylene
o Ethylene Oxide
o Ethylene Dichloride
o Others
Propylene market by application
o Polypropylene
o Propylene Oxide
o Acrylonitrile
o Others
Butadiene market by application
o Butadiene Rubber
o Styrene Butadiene Rubber
o Acrylonitrile Butadiene Styrene
o Styrene Butadiene Latex
o Hexamethylenediamine/Adiponitrile
o Others
Benzene market by application
o Styrene
o Cumene
o Cyclohexane
o Aniline
o Others
Toluene market by application
o Benzene
o Xylene
o Gasoline Blending
o Toluene Diisocyanates
o Solvent
o Others
Xylene market by application
o Para-Xylene
o Ortho-Xylene
o Mixed –Xylene & Others
Methanol market by application
o Formaldehyde
o Methyl Tert-Butyl Ether
o Fuel Blending
o Acetic Acid
o Methanol to Olefins
o Dimethyl Ether
o Biodiesel
o Other
Ammonia market by application
o Fertilizers
o Polyamides
o Nitric Acid
o Others
Petrochemical market by region [Volume (Million Pounds) and $ Billion Shipment from 2010 to 2021]:
North America
Europe
Asia Pacific
The Rest of the World
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This 137-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/basic_petrochemical_industry_2016_2021.aspx or helpdesk@lucintel.com
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