The Business research company’s petrochemicals
global market report,
covers the year-on-year growth of the global petrochemicals market
historic and forecast growth. It also includes chapters on the Petrochemicals market trends, geographical
analysis, and competitive landscape.
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the report at:
The global petrochemicals market size is
expected to reach $560 billion by 2022, significantly growing at a CAGR of
around 0.5% during the forecast period.
Petrochemicals
Market Trends
the
petrochemicals market consists of the sales of petrochemicals by entities
(organizations, sole traders or partnerships) that produce acyclic (i.e.,
aliphatic) hydrocarbons such as ethylene, propylene, and butylene made from
refined petroleum or liquid hydrocarbons and/or produce cyclic aromatic
hydrocarbons such as benzene, toluene, styrene, xylene, ethyl benzene, and
cumene made from refined petroleum or liquid hydrocarbons.
Petrochemical
companies are increasingly using automation and instrumentation solutions to
control the production process more effectively. Automation instruments include
control valves, temperature transmitters, level transmitters, flow transmitters
and pressure transmitters that help to improve an organizations operational
efficiency. For example, Siemens process instrumentation and gas analytics
solutions increases productivity and efficiency during plant operations.
The global petrochemicals market is primarily driven by stability
in oil prices.
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a sample of the report:
The global petrochemicals market report covers the
following regions under the geographical analysis section: asia pacific,
western europe, North America, Middle East, Africa, South America, and Eastern
Europe. Major countries under each of these regions are also covered under the country
analysis chapters.
With greater stability in the oil and gas
industry, stability in oil prices and growing demand of petrochemicals in end
user industries, the global petrochemicals market is expected to increase in
potential and scope. TBRC’s report also covers the Petrochemicals drivers and restraints
in the market.
The global petrochemicals market’s segment shares in
each geographic region are mentioned in the report, along with the historic and
forecast growth rates for each segment presented visually with supporting
reasons to justify the growth rates.
The top companies included in the global petrochemicals
market report are Saudi Basic Industries Corporation (SABIC), Sinopec, Royal
Dutch Shell Plc, LyondellBasell Industries, INEOS AG.
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researchers in 15 countries globally.
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