- In November 2023, Dow announced an investment of USD 8.9 billion for the development of a net-zero petrochemical plant project in Alberta's Industrial Heartland, Canada. The facility is expected to produce approximately 3 million tons of low-emission ethylene and polyethylene derivatives, with construction planned to begin in 2024
- In July 2023, SABIC launched its new PCR-based NORYLTM portfolio, which incorporates bio-based and recycled materials into petrochemical products to help reduce the carbon footprint and contribute to a more eco-friendly chemical industry
- In July 2023, ExxonMobil Corporation announced its agreement to acquire Denbury Inc. to strengthen its carbon capture and storage (CCS) capabilities, aimed at reducing carbon emissions in the petrochemical and energy sectors
- In May 2023, Dow Corporate partnered with New Energy Blue to develop bio-based ethylene using renewable agricultural residues. This approach is part of Dow’s initiative to create a sustainable method for producing plastic
- In April 2023, INEOS Group Ltd. completed the acquisition of Mitsui Phenols Singapore Ltd., enhancing its production capacity for petrochemical products such as acetone, cumene, bisphenol A (BPA), phenol, and alpha-methylstyrene
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Ethylene, Propylene, Butadiene, Benzene, Vinyl, Styrene, Methanol, Gasoline, Acetic Acid, and Formaldehyde), Applications (Adhesives, Polymers, Paints and Coatings, Dyes, Surfactants, Rubber, Plastics, and Solvents), Manufacturing Processes (Fluid Catalytic Cracking and Catalytic Reforming), End- User (Packaging, Automobile, Construction, Electrical and Electronics, Aviation, and Consumer Goods) - Industry Trends and Forecast to 2032
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The Global Primary Petrochemicals Market size was valued at USD 1.48 USD Billion in 2024.
The Global Primary Petrochemicals Market is projected to grow at a CAGR of 6.8% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
