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Crude-To-Chemicals Trends and Forecast
The future of the global crude-to-chemicals market looks promising with opportunities in the adhesives & sealant, polymers, paints & coatings & dyes, surfactant, and rubber & solvent markets. The global crude-to-chemicals market is expected to reach an estimated $166.3 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing usage of polymer in automotive industry, rising demand for electric vehicles, as well as, increasing demand for petrochemical products worldwide.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Crude-To-Chemicals by Segment
The study includes a forecast for the global crude-to-chemicals by technology, application, and region.
Crude-To-Chemicals Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Steam Cracking Technology
• De-Asphalting Technology
• Hydrocracking Technology
Crude-To-Chemicals Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Adhesives & Sealants
• Polymers
• Paints & Coatings & Dyes
• Surfactants
• Rubber & Solvent
• Others
Crude-To-Chemicals Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Crude-To-Chemicals Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies crude-to-chemicals companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the crude-to-chemicals companies profiled in this report include-
• Saudi Arabian Oil
• Shell Global
• Indian Oil
• ExxonMobil
• Sinopec
• Hengli Petrochemical
• Reliance
Crude-To-Chemicals Market Insights
Lucintel forecasts that steam cracking technology will remain the largest segment over the forecast period because it is the most extensively utilized technique, hydrocarbons are heated at high temperatures and pressures during the steam cracking process, which breaks them down into smaller molecules that may be utilized to make other petrochemicals including ethylene, propylene, butadiene, and benzene.
APAC will remain the largest region over the forecast period due to growing need for chemicals and petrochemicals in the regionÄX%$%Xs many end-use sectors, including consumer products, construction, automotive, and packaging.
Features of the Global Crude-To-Chemicals Market
Market Size Estimates: Crude-to-chemicals market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Crude-to-chemicals market size by technology, application, and region in terms of value ($B).
Regional Analysis: Crude-to-chemicals market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technology, application, and regions for the crude-to-chemicals market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the crude-to-chemicals market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the crude-to-chemicals market size?
Answer: The global crude-to-chemicals market is expected to reach an estimated $166.3 billion by 2030.
Q2. What is the growth forecast for crude-to-chemicals market?
Answer: The global crude-to-chemicals market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the crude-to-chemicals market?
Answer: The major drivers for this market are growing usage of polymer in automotive industry, rising demand for electric vehicles, as well as, increasing demand for petrochemical products worldwide.
Q4. What are the major segments for crude-to-chemicals market?
Answer: The future of the global crude-to-chemicals market looks promising with opportunities in the adhesives & sealant, polymers, paints & coatings & dyes, surfactant, and rubber & solvent markets.
Q5. Who are the key crude-to-chemicals market companies?
Answer: Some of the key crude-to-chemicals companies are as follows:
• Saudi Arabian Oil
• Shell Global
• Indian Oil
• ExxonMobil
• Sinopec
• Hengli Petrochemical
• Reliance
Q6. Which crude-to-chemicals market segment will be the largest in future?
Answer: Lucintel forecasts that steam cracking technology will remain the largest segment over the forecast period because it is the most extensively utilized technique, hydrocarbons are heated at high temperatures and pressures during the steam cracking process, which breaks them down into smaller molecules that may be utilized to make other petrochemicals including ethylene, propylene, butadiene, and benzene.
Q7. In crude-to-chemicals market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing need for chemicals and petrochemicals in the regionÄX%$%Xs many end-use sectors, including consumer products, construction, automotive, and packaging.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the crude-to-chemicals market by technology (steam cracking technology, de-asphalting technology, and hydrocracking technology), application (adhesives & sealants, polymers, paints & coatings & dyes, surfactants, rubber & solvent, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Crude-To-Chemicals Market, Crude-To-Chemicals Market Size, Crude-To-Chemicals Market Growth, Crude-To-Chemicals Market Analysis, Crude-To-Chemicals Market Report, Crude-To-Chemicals Market Share, Crude-To-Chemicals Market Trends, Crude-To-Chemicals Market Forecast, Crude-To-Chemicals Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Crude-To-Chemicals Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Crude-To-Chemicals Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Crude-To-Chemicals Market by Technology
3.3.1: Steam Cracking Technology
3.3.2: De-asphalting Technology
3.3.3: Hydrocracking Technology
3.4: Global Crude-To-Chemicals Market by Application
3.4.1: Adhesives & Sealants
3.4.2: Polymers
3.4.3: Paints & Coatings & Dyes
3.4.4: Surfactants
3.4.5: Rubber & Solvent
3.4.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Crude-To-Chemicals Market by Region
4.2: North American Crude-To-Chemicals Market
4.2.2: North American Crude-To-Chemicals Market by Application: Adhesives & Sealants, Polymers, Paints & Coatings & Dyes, Surfactants, Rubber & Solvent, and Others
4.3: European Crude-To-Chemicals Market
4.3.1: European Crude-To-Chemicals Market by Technology: Steam Cracking Technology, De-asphalting Technology, and Hydrocracking Technology
4.3.2: European Crude-To-Chemicals Market by Application: Adhesives & Sealants, Polymers, Paints & Coatings & Dyes, Surfactants, Rubber & Solvent, and Others
4.4: APAC Crude-To-Chemicals Market
4.4.1: APAC Crude-To-Chemicals Market by Technology: Steam Cracking Technology, De-asphalting Technology, and Hydrocracking Technology
4.4.2: APAC Crude-To-Chemicals Market by Application: Adhesives & Sealants, Polymers, Paints & Coatings & Dyes, Surfactants, Rubber & Solvent, and Others
4.5: ROW Crude-To-Chemicals Market
4.5.1: ROW Crude-To-Chemicals Market by Technology: Steam Cracking Technology, De-asphalting Technology, and Hydrocracking Technology
4.5.2: ROW Crude-To-Chemicals Market by Application: Adhesives & Sealants, Polymers, Paints & Coatings & Dyes, Surfactants, Rubber & Solvent, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Crude-To-Chemicals Market by Technology
6.1.2: Growth Opportunities for the Global Crude-To-Chemicals Market by Application
6.1.3: Growth Opportunities for the Global Crude-To-Chemicals Market by Region
6.2: Emerging Trends in the Global Crude-To-Chemicals Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Crude-To-Chemicals Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Crude-To-Chemicals Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Saudi Arabian Oil
7.2: Shell Global
7.3: Indian Oil
7.4: ExxonMobil
7.5: Sinopec
7.6: Hengli Petrochemical
7.7: Reliance
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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