The average annual growth over the period 2009-2019 was 4.2 %, leading to a peak of EUR 658 billion in 2019. Product features vary by version. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook This statistic displays the market volume of petrochemicals worldwide in 2016, and a forecasted figure for 2021. Global ethylene and propylene production are about 115 million tonnes and 70 million tonnes per annum, respectively. Natural gas pricing saw strong dips as well. This is followed by propane (8%), butane (5), and gas/oil (5%). ", Grand View Research, Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/ (last visited December 08, 2020), Market value of petrochemicals worldwide from 2015 to 2027, Global petrochemical market value 2015-2027, Global share of petrochemical feedstock types by region 2017, Global share of upstream petrochemical capacity by chemical 2017, Global planned and announced petrochemical capacity additions by country 2019-2030, Global capacity of paraxylene 2017 & 2022, Global share of petrochemical feedstock consumption by type 2017, Global share of demand for petrochemicals by end use sector 2017, Global demand for polypropylene 2017-2022, Global polyethylene and polypropylene demand 2017-2023, Global consumption of polyvinyl chloride projection 2019-2021, Global price of high-density polyethylene 2017-2021, Global price of polyethylene terephthalate 2017-2021, Price of petrochemicals in the Americas during COVID-19 crisis 2020, European price of petrochemicals variation during COVID-19 crisis 2020, Asia price of petrochemicals variation during COVID-19 crisis April 2020, U.S. petrochemicals market size 2016-2027, U.S. petrochemicals market size by product 2017 & 2027, U.S. refinery net production of petrochemical feedstocks 2009-2019, Canadian petrochemical and organic chemical sector employment 2009-2019, Brazil: leading (petro-)chemical companies in 2019, by net revenue, Canadian petrochemical and organic chemical shipments value 2009-2019, Employment projection for U.S. petrochemical industry by segment 2015-2035, Establishments in the Canadian petrochemical and organic chemical sector 2009-2019, Emissions from new U.S. chemical manufacturing plants 2015, Value of petrochemical manufacturing shipments 1998-2011, PFC emissions from the petrochemicals manufacturing sector in the UK 1990-2017, U.S. petrochemical industry GHG emissions by sector 2018, Global market volume of petrochemicals 2016 & 2021, N2O emissions from the petrochemicals manufacturing sector in the UK 1990-2017, Emissions from largest new U.S. petrochemical projects 2015, Brazil: net revenue of Pronor Petroquímica 2014-2016, Canadian petrochemical and organic chemicals sector trade 2009-2019, Wholesale price index of petrochemical intermediates in India FY 2013-2019, PM2.5 emissions from petrochemicals manufacture in the UK 1990-2017, Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Western Europe Production stats Q1 2016 for ethylene, propylene and butadiene increased by an average 12% vs Q1 2015. With a … Energy use as feedstock for the petrochemical industry grew at 2.3% over this same time period. There are 196 petroleum refineries in China, offering an average capacity of 3.65 million tons per year per refinery. Production fell in 2008 and further in 2009 to a level of 197 million tonnes. About 97% of the methyl ether that is produced in China is used as fuel and is treated as a replacement for LPG or coal. Under the third five-year plan, two special economic zones, Mahshahr and Assaluyeh, both located on the northern coast of the Persian Gulf, were introduced as the major hubs of the industry. ** Forecast. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). February 9, 2020. (Flanders Investment and Trade). In 2015, the price of crude oil fell by over 47%, while natural gas prices fell by 40%. (Flanders Investment and Trade), #25. (Flanders Investment and Trade), #30. t in 1950 to ~322 Mio. 34% of consumption involves ethane. Access new updated reports and statistics for the Petrochemical Industry in the World. (CMAI), #5. The growth story of the Indian economy is incomplete without mentioning the role that petrochemical industry plays in this journey. The petrochemical industry is a vital component of numerous industrial processes as it provides raw materi… Corporate solution including all features. In conjunction with this volume growth, value creation has also risen at a 4 percent compound annual growth rate since 2005. Four other chemicals have demand increases of more than 15%: R32 (24%), R125 (24%), PPS (17%), and resins (16%). Global Basic Petrochemical Industry research report 2020 provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector. to the increase in output and rise in global demand. Following global financial and economic crisis in 2019, production of chemical grews strongly until 2012. Please authenticate by going to "My account" → "Administration". (Krungsri Research), #11. The global petrochemical industry has experienced more than 15 years of strong volume growth: annual ethylene production has risen from around 100 million metric tons in 2000 to almost 150 million metric tons in 2016. Accessed December 08, 2020. https://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/, Grand View Research. In total, the global upstream capacity for the industry was 481 MTA. The output capacity for ethylene in China was 20.79 million tons, with an output volume of 18.5 million tons. production. t in 2015. A look at global chemical sales over the past ten years (2008-2018) shows: • In 2009, China became the world’s largest chemicals producer for the first time, representing 23.6% of global chemical sales, followed by the EU, accounting for 23.4% of global sales. The petrochemical industry continues to be impacted by the globalization and integration of the world economy. The USA, the largest gas producer, accounted for over half of the 2019 global increase, followed by Russia, Australia, China and Iran. There are more than 80 methyl ether production companies located in China, offering a gross annual output of 13.5 million tons. The output capacity for EVA copolymer in China is 600,000 tons per year. The market report titled “Synthetic and Bio Based Polypropylene Market – Global Industry Perspective, Comprehensive Analysis and Forecast 2020-2026” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global Synthetic and Bio Based Polypropylene Market market. Please do not hesitate to contact me. A large number of global chemical companies are now expanding or building facilities in the region. Several factors influencing world petrochemicals are the following: Economies of scale. (Krungsri Research), #12. About 60 businesses are currently active in the industry from a manufacturing standpoint, which supplies about 10,000 direct employment opportunities to the U.S. economy. global gasoline market in 2020 due to refinery configurations following the new IMO low sulfur regulations for marine fuels, which will come into effect January 2020, adding that this could support global gasoline blendstock demand next year. (Flanders Investment and Trade), #27. The forecast for new petrochemical investments integrated with refining could result in capacity additions that overwhelm trend line demand growth in many markets. After decades of stagnation and decline, the United States has re-emerged as a low-cost location for chemicals production thanks to the shale gas revolution, and is now home to around 40% of the global ethane-based petrochemical production capacity. Who are the global key manufacturers of Petrochemical Catalysts Recovery industry How are their operating situation (capacity, production, price, cost, gross and revenue) 3. You need a Single Account for unlimited access. Through at least 2019, the industry should be able to stay that way, enjoying healthy demand levels as conditions improve. 63 million tons of benzene are manufactured each year, making it the most common hydrocarbon produced from a naphtha input. #1. (Krungsri Research) #11. In some markets, that price may need to be above $60 per barrel. (Krungsri Research), #15. New, Figures and insights about the advertising and media world, Industry Outlook As oil and natural gas prices have begun to recover, the industry has begun to see better revenue footing. Petrochemical production has been soaring in recent years. Global petrochemical market value 2015-2027. The petrochemical industry may have a stable profile, but they have a product that is based on a volatile commodity. Each feedstock offers a different composition of hydrocarbons, which means the petrochemical products offer different yields. Output capacities for polypropylene in China were 19.3 million tons, with an output volume of 13.8 million tons. The global petrochemical sector continues to expand exponentially as developing nations’ demand for petrochemical/chemical products continues to increase. (Krungsri Research), #10. It is most commonly used by the automotive industry for vehicle manufacturing. A major part is constituted by the plastics (polymer) industry KEY FINDINGS The global expanded polystyrene (EPS) market is expected to register a CAGR of 5.54% in terms of revenue, and 4.85% in terms of volume, during … With new joint ventures and expansions in place, this rapidly growing industry is all set to take the burgeoning global demand in its stride. Reduced economic activity related to the COVID-19 pandemic has caused changes in energy demand and supply patterns in 2020 and will continue to affect these patterns in the future. The report has included strong players and analyses their limitations and strong points of the well-known players through SWOT analysis. In the petrochemical industry as a whole, about 810,000 people have direct employment opportunities, though this is about 20% lower than what it was in the 1990s. Petrochemical Market is systematic exploration that delivers key statistics on the market status of the development trends, competitive landscape analysis, and key regions development status. (Statista), #20. The publication “Chemicals & Petrochemicals Statistics at a Glance” is ... information on the chemical & petrochemical sector in respect of India and world as well. Technology Technology to enable competitive production costs, economies of scale, high performance products. That is about 50% of the global average. NE Asia and NE Europe both use naphtha as feedstock most often, accounting for about 80% of the regional feedstock. In 2015, 32% of the global upstream capacity of the petrochemical industry was for ethylene. From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, 31 Petrochemical Industry Statistics, Trends & Analysis, 25 Malaysia Petrochemical Industry Statistics,…, 15 Singapore Petroleum Industry Statistics and Trends, 21 Oil Refinery Industry Statistics and Trends, 19 Myanmar Oil and Gas Industry Statistics, Trends &…, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. In 2018, the global market value of petrochemicals was 539 billion U.S. dollars, and is forecast to increase to 651.1 billion U.S. dollars by 2027. Performance of chemicals (group-wise) for 2011-12 to 2018-19. China had an output volume of 18.75 million tons, but an equivalent consumption volume of 27.8 million tons, for propylene produced by the petrochemicals industry. The November Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. #28. (Morgan Stanley), #6. Trade access is also key. the global Petrochemical Market is expected to reach US$ 887.6 Mn by 2024. From 2012-2017, the petrochemical industry saw significant revenue reductions as crude oil prices bottomed out. To identify the version type and product features for your specific chemical World Analysis, see the tables below. Despite this significant growth, per capita consumption of petrochemical goods in India is still lagging far behind than China and global consumption. 20% was dedicated to propylene, while 18% was dedicated to methanol. The World Analysis comes in either a full, abbreviated or data-only version depending on the chemical. Global demand for petrochemical feedstock accounted for 12 million barrels per day (bpd), or roughly 12 percent of total demand for oil in 2017. The capacity utilization rate in China for the processing of crude oil stood at 66% in 2014. In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. The EU-27 production of chemicals hazardous to health (all five hazard classes together) reached a peak of 239 million tonnes in 2007. About 20% of benzene is used to produce cumene, which is a staple of the packaging industry. (Macquarie Research), #8. Another 8.3 million tons comes from the APAC region. (Statista), #21. In 2015 global plastic’s production grew by 3.4% compared to 2014. 65% of the propylene that is produce … Even with these challenges, the U.S. petrochemical industry brings in an average of $54 billion in revenues each year. To download the full table of contents, click on the World Analysis you are interested in. The global Basic Petrochemical market report offers a complete overview, Trends, Business Revenue Forecast Statistics, and Growth Perspective of various aspects.The report includes the major market conditions across the globe such as the product profit, price, production, capacity, demand, supply, as well as market growth structure. Petrochemical Production Statistics Q1 2016. Gas production increased at a steady pace for the third year in a row (+4% in 2019), spurred by the USA and Russia. The vast majority of ethylene production in China comes from steam cracking, where 20.5 million tons were generated in 2014. The Middle East and North America are the most likely to use ethane for feedstock, with each region using it for 60% of their total feedstock. According to economic survey 2004-05 production of major petrochemicals in 2003-04 increased by 6.9% and reached a level of 7,006 thousand tonnes. * Estimated. About 11 million tons of polystyrene are produced each year, which is used by severe industries as a downstream aromatic hydrocarbon. The report is a comprehensive study on global market analysis and insights such as market share, supply and demand statistics, growth factors, and market dynamics. Asia held a 61% market share. China has continued to gain market share since 2009 to the detriment of Europe. 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