Rapport d’analyse de la taille, de la part et des tendances du marché mondial des produits pétrochimiques – Aperçu et prévisions de l’industrie jusqu’en 2031

Analyse du marché des produits pétrochimiques

Le marché des produits pétrochimiques a connu une croissance significative grâce aux progrès des méthodes et des technologies qui améliorent l'efficacité et la durabilité de la production. Une avancée notable est le développement des procédés de craquage catalytique, qui améliorent le rendement de produits à haute valeur ajoutée tels que le propylène et l'éthylène à partir du pétrole brut. Cette technique maximise non seulement la production, mais réduit également la consommation d'énergie, conformément aux objectifs mondiaux de durabilité.

De plus, l’adoption des technologies numériques, notamment l’intelligence artificielle (IA) et l’Internet des objets (IoT), a transformé l’efficacité opérationnelle. Ces technologies facilitent la maintenance prédictive, optimisent les calendriers de production et minimisent les temps d’arrêt, ce qui est essentiel pour améliorer la rentabilité.

L’essor des produits pétrochimiques biosourcés est une autre tendance importante, portée par une prise de conscience croissante de l’environnement. Les entreprises investissent dans les matières premières biologiques pour créer des alternatives durables aux produits pétrochimiques conventionnels, élargissant ainsi encore les opportunités de marché.

En outre, la demande croissante de plastiques, de fibres synthétiques et de caoutchouc dans divers secteurs, tels que l’automobile, la construction et les biens de consommation, continue de stimuler le marché. Grâce à ces avancées technologiques et à l’accent croissant mis sur la durabilité, le marché des produits pétrochimiques est sur le point de connaître une croissance robuste dans les années à venir.

Taille du marché des produits pétrochimiques

Français La taille du marché mondial des produits pétrochimiques était évaluée à 453,69 millions USD en 2023 et devrait atteindre 770,82 millions USD d'ici 2031, avec un TCAC de 6,85 % au cours de la période de prévision de 2024 à 2031. En plus des informations sur les scénarios de marché tels que la valeur marchande, le taux de croissance, la segmentation, la couverture géographique et les principaux acteurs, les rapports de marché organisés par Data Bridge Market Research comprennent également une analyse des importations et des exportations, un aperçu de la capacité de production, une analyse de la consommation de production, une analyse des tendances des prix, un scénario de changement climatique, une analyse de la chaîne d'approvisionnement, une analyse de la chaîne de valeur, un aperçu des matières premières/consommables, des critères de sélection des fournisseurs, une analyse PESTLE, une analyse Porter et un cadre réglementaire.

Tendances du marché des produits pétrochimiques

« Demande croissante de produits durables »

One significant trend driving growth in the petrochemicals market is the increasing demand for sustainable products. As consumers and industries prioritize sustainability, there is a shift towards bio-based and recyclable petrochemical products. For instance, In November 2023, Dow announced a substantial investment of USD 8.9 billion in a net-zero petrochemical plant project located in Alberta's Industrial Heartland, Canada. This ambitious initiative aims to produce approximately 3 million tons of low-emission ethylene and polyethylene derivatives annually. The project marks a significant step towards sustainable petrochemical production and is set to begin construction in 2024, highlighting Dow's commitment to environmental responsibility.

Report Scope and Petrochemicals Market Segmentation      

Petrochemicals Market Definition

Petrochemicals are chemical products derived from petroleum or natural gas. They serve as fundamental building blocks for various industrial processes and are essential in manufacturing numerous everyday items. Major petrochemicals include ethylene, propylene, benzene, toluene, and xylene, which are used to produce plastics, synthetic fibers, rubber, detergents, and solvents. The petrochemical industry plays a crucial role in the global economy, driving innovation and providing raw materials for diverse sectors such as automotive, construction, and consumer goods. However, it also faces environmental concerns related to fossil fuel dependence and greenhouse gas emissions, prompting a shift toward sustainable alternatives.

Petrochemicals Market Dynamics

Drivers

• Growing Demand for Plastics

The growing demand for plastics significantly drives the petrochemicals market. Industries such as packaging, automotive, and construction increasingly rely on plastic materials for their lightweight, durable, and cost-effective properties. For instance, the packaging sector alone accounted for nearly 40% of global plastic consumption in 2023, fueled by the rise of e-commerce and sustainable packaging solutions. In addition, automotive manufacturers are adopting plastics to enhance fuel efficiency and reduce emissions, as seen in the use of polypropylene in vehicle components. This trend underscores the critical role petrochemicals play in meeting the rising demand for plastics, ultimately propelling market growth in the petrochemical sector.

• Rising Automotive Industry Growth

The expansion of the automotive industry significantly drives the petrochemicals market, as manufacturers increasingly focus on producing lightweight and fuel-efficient vehicles. Petrochemicals are essential in creating advanced materials such as high-performance plastics, composites, and rubber used in tires, interiors, and body components. For instance, In July 2023, SABIC unveiled its latest PCR-based NORYL portfolio, emphasizing its commitment to reducing the carbon footprint of petrochemical products. By integrating bio-based and recycled materials into its offerings, SABIC aims to create more sustainable solutions within the chemical sector. This innovative approach not only contributes to environmental preservation but also reflects a growing trend toward eco-friendly practices in the petrochemical industry.

Opportunities

• Increasing Demand in the Food Industry

The petrochemical market is witnessing increased demand from the food industry, particularly through the use of preservatives. Substances such as sorbic acid and benzoic acid, derived from petrochemicals, significantly enhance the shelf life of packaged foods, such as snacks and canned goods. For instance, in February 2023, China Petrochemical Corporation (Sinopec) launched an extensive green hydrogen-coal chemical project in Inner Mongolia. This initiative is designed to significantly cut carbon emissions within the petrochemical industry while supporting the transition to green energy sources. By focusing on sustainable hydrogen production, Sinopec aims to position itself as a leader in environmentally responsible practices, driving innovation within the global petrochemical landscape.

• Rising Consumer Goods Demand

The increasing demand for consumer goods, particularly in textiles, electronics, and personal care products, presents significant opportunities for the petrochemicals market. For instance, In April 2023, INEOS Group Ltd. successfully completed its acquisition of Mitsui Phenols Singapore Ltd., enhancing its production capabilities in various petrochemical products. This strategic move focuses on increasing the output of essential materials such as acetone, cumene, bisphenol A (BPA), phenol, and alpha-methylstyrene. The acquisition aligns with INEOS's growth strategy, positioning it to meet rising global demand while optimizing its production processes.

 Restraints/Challenges

• Volatile Raw Material Prices

Volatile raw material prices are a significant challenge for the petrochemicals market. Fluctuations in crude oil and natural gas prices directly impact production costs, creating uncertainty for manufacturers. As these prices rise or fall unexpectedly, profit margins become unpredictable, leading to financial instability. This volatility complicates long-term planning and investment decisions, as companies struggle to forecast costs accurately. In addition, sharp price increases can erode profit margins, making it difficult for firms to maintain competitive pricing. Consequently, the instability in raw material costs can hinder overall market growth and limit the ability of petrochemical companies to expand or innovate effectively.

• Shift Towards Renewable Alternatives

The shift towards renewable alternatives significantly hinders the petrochemicals market. Growing consumer and industry preference for bio-based chemicals and materials is driven by heightened awareness of environmental issues and sustainability. As companies and consumers increasingly adopt sustainable practices, the demand for traditional petrochemical products declines. This trend is compounded by advancements in bio-based technologies, making sustainable alternatives more accessible and economically viable. In addition, regulatory pressures to reduce carbon footprints further accelerate this shift. Consequently, petrochemical producers face shrinking market shares and must contend with the rising competition from renewable sources, ultimately challenging their growth and profitability in the evolving landscape.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Petrochemicals Market Scope

The market is segmented on the basis of product type, manufacturing process, application, and end-user industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Ethylene
  • Polyethylene
  • Ethylene Oxide
  • EDC
  • Ethyl Benzene
  • Others
• Propylene
  • Polypropylene
  • Propylene Oxide
  • Acrylonitrile
  • Cumene
  • Acrylic Acid
  • Isopropanol
  • Other
• Butadiene
  • SB Rubber
  • Butadiene Rubber
  • ABS
  • SB latex
  • Others
• Benzene
  • Ethyl Benzene
  • Phenol/Cumene
  • Cyclohexane
  • Nitrobenzene
  • Alkyl benzene
  • Other
• Xylene
• Toluene
  • Solvents
  • TDI
  • Others
• Polystyrene
• Methanol
  • Formaldehyde
  • Gasoline
  • Acetic Acid
  • MTBE
  • Dimethyl Ether
  • MTO/MTP
  • Other

Manufacturing Process

• Fluid Catalytic Cracking (FCC)
• Steam Cracking
• Catalytic Reforming

 Application

• Polymers
• Paints and Coatings
• Solvents
• Rubber
• Adhesives and Sealants
• Surfactants
• Dyes
• Others

 End-Use Industry

• Packaging
• Automotive and Transportation
• Construction
• Electrical and Electronics
• Healthcare
• Others

Petrochemicals Market Regional Analysis

The market is analysed and market size insights and trends are provided by product type, manufacturing process, application, and end-user industry as referenced above.

The countries covered in the market report are 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.

North America is estimated to dominate the petrochemicals market due to rising demand across various sectors, including automotive, packaging, and construction. The region's well-established production infrastructure and abundant natural gas resources further support growth. In addition, technological advancements in extraction and refining processes are enhancing efficiency and sustainability. As industries continue to expand, the need for petrochemical products is expected to increase significantly, solidifying North America's market leadership.

Asia-Pacific is expected to witness significant growth in the petrochemicals market during the forecast period, driven by the presence of numerous market players and increasing industrialization. Countries such as China and India are ramping up production capacities, fueling demand for petrochemical products. Moreover, investments in research and development, along with a growing focus on sustainability, are further propelling market expansion in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Petrochemicals Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Petrochemicals Market Leaders Operating in the Market Are:

• BASF SE (Germany)
• Lyondell Basell Industries Holdings B.V. (U.S.)
• INEOS (U.K.)
• Shell Plc. (U.K.)
• SABIC (Saudi Arabia)
• Reliance Industries Limited (India)
• Mitsubishi Chemical Holdings Corporation (Japan)
• Dow (U.S.)
• LG Chem (South Korea)
• Chevron Phillips Chemical Company LLC. (U.S.)
• China National Petroleum Corporation (China)
• Maruzen Petrochemical (Japan)
• SIBUR Holding PJSC (Russia)
• Unicorn Petroleum (India)

Latest Developments in Petrochemicals Market

• In November 2023, Dow announced a substantial investment of USD 8.9 billion in a net-zero petrochemical plant project located in Alberta's Industrial Heartland, Canada. This ambitious initiative aims to produce approximately 3 million tons of low-emission ethylene and polyethylene derivatives annually. The project marks a significant step towards sustainable petrochemical production and is set to begin construction in 2024, highlighting Dow's commitment to environmental responsibility
• In July 2023, SABIC unveiled its latest PCR-based NORYL portfolio, emphasizing its commitment to reducing the carbon footprint of petrochemical products. By integrating bio-based and recycled materials into its offerings, SABIC aims to create more sustainable solutions within the chemical sector. This innovative approach not only contributes to environmental preservation but also reflects a growing trend toward eco-friendly practices in the petrochemical industry
• In July 2023, ExxonMobil Corporation announced its agreement to acquire Denbury Inc., a strategic move aimed at expanding its carbon capture and storage (CCS) solutions. This acquisition underscores ExxonMobil’s commitment to significantly reducing carbon emissions within the petrochemical and energy sectors. By leveraging Denbury's expertise in CCS, ExxonMobil seeks to enhance its sustainability efforts and drive innovation in environmentally responsible energy production
• In May 2023, Dow Corporate collaborated with New Energy Blue to pioneer the production of bio-based ethylene derived from renewable agricultural residues. This innovative approach aims to create a sustainable raw material for petrochemical-based products, aligning with Dow's mission to foster environmentally friendly practices. By prioritizing bio-based sources for ethylene production, Dow is taking significant steps towards reducing its overall carbon footprint and promoting sustainable plastic manufacturing
• In April 2023, INEOS Group Ltd. successfully completed its acquisition of Mitsui Phenols Singapore Ltd., enhancing its production capabilities in various petrochemical products. This strategic move focuses on increasing the output of essential materials such as acetone, cumene, bisphenol A (BPA), phenol, and alpha-methylstyrene. The acquisition aligns with INEOS's growth strategy, positioning it to meet rising global demand while optimizing its production processes
• In March 2023, Chevron USA Inc. announced a partnership with Bunge and Corteva Inc. to introduce winter canola hybrids for producing plant-based oil with a low carbon profile. This collaboration signifies a commitment to reducing carbon emissions across the energy and petrochemical sectors. By leveraging sustainable agricultural practices, Chevron aims to contribute to a more environmentally friendly approach in oil production, enhancing its sustainability initiatives
• In February 2023, Royal Dutch Shell PLC completed the acquisition of Nature Energy Biogas A/S, aiming to establish a renewable natural gas (RNG) value chain. This strategic move enables Shell to produce low-carbon offerings for its customers, focusing on sustainable energy solutions. The integration of biogas into Shell’s petrochemical manufacturing process marks a pivotal step toward enhancing its environmental performance and reducing overall carbon emissions
• In February 2023, China Petrochemical Corporation (Sinopec) launched an extensive green hydrogen-coal chemical project in Inner Mongolia. This initiative is designed to significantly cut carbon emissions within the petrochemical industry while supporting the transition to green energy sources. By focusing on sustainable hydrogen production, Sinopec aims to position itself as a leader in environmentally responsible practices, driving innovation within the global petrochemical landscape
• En novembre 2022, SABIC a annoncé la création d'une coentreprise avec Saudi Aramco pour convertir le pétrole brut en produits pétrochimiques à Ras Al-Khair, en Arabie saoudite. Ce projet révolutionnaire devrait atteindre une capacité de production de 400 000 barils de pétrole brut par jour. Soutenue par le développement d'un nouveau port dans la ville industrielle, l'initiative vise à améliorer l'efficacité des exportations de produits pétrochimiques, à stimuler l'économie de l'Arabie saoudite et à renforcer son statut de producteur pétrochimique de premier plan

SKU-56687