Market Research Reports

The global petrochemicals market is growing at a significant pace and is likely to witness a healthy competition in the next few years. The increasing focus on the expansion of the product portfolio and the rising application areas are anticipated to encourage the growth of the global market throughout the forecast period. The market is likely to witness a substantial demand from emerging economies worldwide. Furthermore, the development of the automotive sector and the increasing construction activities are predicted to supplement the growth of the market across the globe. According to the research study, the global market for petrochemicals is expected to reach a value of US$885.1 bn by the end of 2020. The market is likely to exhibit a progressive 6.80% CAGR between 2014 and 2020. Rising Government Support to Bolster Global Petrochemicals Market The rising demand from several end use industries and the rising government support in emerging economies are the key factors t...

The   global petrochemicals market   features a highly fragmented vendor landscape and is intensely competitive, with the top three vendors, namely BASF SE, Sinopec Limited, and The Dow Chemical Company collectively accounting for a mere 20% of the market in 2013, observes Transparency Market Research in a recent report. Operations of these top vendors are spread across the entire value chain in order to gain economies of scale and undertake production at low costs to sustain in the highly competitive market. International firms are adopting the strategy of acquiring the several small manufacturers producing petrochemical derivatives in Asia Pacific and are expanding their existing production and operation bases in the region. ExxonMobil has recently increased the production capacity of its olefins and aromatic units in Singapore. BASF and Sinopec have also invested heavily in Asia Pacific through frequent joint ventures and mergers and acquisitions in the past few yea...

Transparency Market Research (TMR) has announced the release of a new market study on the  global petrochemicals market . The report examines the historical trajectory of the market up to 2013 and presents forecasts for the market’s development from 2014 to 2020. According to the report, the global petrochemicals market is expected to exhibit a steady 6.8% CAGR from 2014 to 2020. The market will reach a valuation of US$885.1 bn by the end of the forecast period.The report is titled Petrochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 ’ and is available for sale on the official website of TMR. Petrochemicals, as the name suggests, are a wide range of chemicals derived from petroleum feedstock. The global market for petrochemicals is a crucial part of the chemicals industry and has significant impact on various walks of human life, as ubiquitous materials such as plastics are derived from petrochemicals. Due to the rising...