The [232 Slides Report] "Top 15 Petrochemicals Market (Ethylene, Propylene, Benzene, Butadiene, Toluene, Xylenes, Ethylene Oxide, Propylene Oxide, Methanol, PE, PP, PVC, PS, PET, ABS), Applications, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to grow from 250.3 Million tons in 2016 to 310.3 Million tons by 2021 at a CAGR of 4.4% from 2016 to 2021.
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Ethylene is primarily a petrochemical used as a feedstock in the manufacturing of polymer plastics, fibers and other organic chemicals that are ultimately consumed in the packaging, transportation, and construction industries. Ethylene constituted about 25% share of the total petrochemical market in 2016, in terms of volume and is projected to maintain its share during the forecast period. With advent of abundant shale gas in North America, the majority of global players in the ethylene business have shifted their production facilities to North America to churn out low cost ethylene from ethane.
Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Basic Petrochemicals Market
6 Intermediate Chemicals Market
7 Basic Polymers Market
8 Company Profiles
This growth is fueled by the growth in end-use industries such as packaging which comprises of soft drink bottling, water bottling, food packaging and general packaging, along with steady demand from the construction industry, globally.
Companies such as Exxon Mobil (U.S.), Total (France), SABIC (Saudi Arabia), Dow Chemical Company (U.S.), Lyondell Basell (The Netherlands) are the dominant market players in the global petrochemicals market. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are the few factors that are responsible for strengthening the market position of these companies in the market. These companies have been adopting various organic and inorganic growth strategies such as expansions, new product launches & product developments to enhance their current market share.
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