全球石化产品市场规模、份额和趋势分析报告 – 行业概况和 2031 年预测

石化产品市场分析

由于生产方法和技术的进步提高了生产效率和可持续性，石化产品市场经历了显著增长。一项显著的进步是催化裂解工艺的发展，该工艺提高了从原油中生产丙烯和乙烯等高价值产品的产量。该技术不仅可以最大限度地提高产量，还可以降低能耗，符合全球可持续发展目标。

此外，人工智能(AI) 和物联网 (IoT)等数字技术的采用也改变了运营效率。这些技术有助于预测性维护、优化生产计划并最大限度地减少停机时间，这对于提高盈利能力至关重要。

受环保意识增强的推动，生物基石化产品的兴起是另一个重要趋势。各公司正在投资生物原料，以创造传统石化产品的可持续替代品，从而进一步扩大市场机会。

此外，汽车、建筑和消费品等各行各业对塑料、合成纤维和橡胶的需求不断增长，继续推动市场发展。随着这些技术进步和对可持续性的日益关注，石化产品市场将在未来几年实现强劲增长。

石化产品市场规模

2023 年全球石化产品市场规模为 4.5369 亿美元，预计到 2031 年将达到 7.7082 亿美元，2024 年至 2031 年预测期内的复合年增长率为 6.85%。除了对市场价值、增长率、细分、地理覆盖范围和主要参与者等市场情景的见解外，Data Bridge Market Research 策划的市场报告还包括进出口分析、生产能力概览、生产消费分析、价格趋势分析、气候变化情景、供应链分析、价值链分析、原材料/消耗品概览、供应商选择标准、PESTLE 分析、波特分析和监管框架。

石化产品市场趋势

“对可持续产品的需求不断增加”

推动石化产品市场增长的一个重要趋势是对可持续产品的需求不断增长。随着消费者和行业将可持续性放在首位，人们开始转向生物基和可回收的石化产品。例如，2023 年 11 月，陶氏宣布在加拿大阿尔伯塔省工业中心的一个净零石化工厂项目中投入 89 亿美元。这项雄心勃勃的计划旨在每年生产约 300 万吨低排放乙烯和聚乙烯衍生物。该项目标志着向可持续石化生产迈出了重要一步，并将于 2024 年开始建设，彰显了陶氏对环境责任的承诺。

报告范围和石化产品市场细分      

石化产品市场定义

石化产品是从石油或天然气中提取的化学产品。它们是各种工业过程的基本组成部分，也是制造许多日常用品的必需品。主要的石化产品包括乙烯、丙烯、苯、甲苯和二甲苯，用于生产塑料、合成纤维、橡胶、洗涤剂和溶剂。石化行业在全球经济中发挥着至关重要的作用，推动创新并为汽车、建筑和消费品等不同行业提供原材料。然而，它也面临着与化石燃料依赖和温室气体排放有关的环境问题，促使人们转向可持续的替代品。

石化产品市场动态

驱动程序

• 塑料需求不断增长

塑料需求的不断增长极大地推动了石化产品市场的发展。包装、汽车和建筑等行业越来越依赖塑料材料，因为它们具有重量轻、耐用和成本效益高的特性。例如，受电子商务和可持续包装解决方案的推动，仅包装行业在 2023 年就占全球塑料消费量的近 40%。此外，汽车制造商正在采用塑料来提高燃油效率和减少排放，例如在汽车零部件中使用聚丙烯。这一趋势凸显了石化产品在满足日益增长的塑料需求方面发挥的关键作用，最终推动石化行业的市场增长。

• 汽车行业增长不断加快

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
• 2023 年 3 月，雪佛龙美国公司宣布与邦吉和科迪华公司合作，推出冬季油菜籽杂交品种，用于生产低碳植物油。此次合作标志着该公司致力于减少能源和石化行业的碳排放。通过利用可持续的农业实践，雪佛龙旨在为石油生产中更环保的方法做出贡献，从而加强其可持续发展计划
• 2023 年 2 月，荷兰皇家壳牌有限公司完成了对 Nature Energy Biogas A/S 的收购，旨在建立可再生天然气 (RNG) 价值链。这一战略举措使壳牌能够为其客户提供低碳产品，专注于可持续能源解决方案。将沼气整合到壳牌的石化制造过程中，标志着其朝着提高环境绩效和减少总体碳排放迈出了关键一步
• 2023 年 2 月，中国石油化工集团公司（中石化）在内蒙古启动了一项大规模绿色氢煤化工项目。该计划旨在大幅减少石化行业的碳排放，同时支持向绿色能源的转型。通过专注于可持续的氢气生产，中石化旨在将自己定位为环保实践的领导者，推动全球石化领域的创新
• 2022 年 11 月，SABIC 宣布与沙特阿美成立合资企业，在沙特阿拉伯拉斯海尔将原油转化为石化产品。这一开创性项目预计将实现每天 40 万桶原油的生产能力。在工业城市新港口开发的支持下，该计划旨在提高石化产品出口效率，促进沙特阿拉伯经济发展并巩固其作为领先石化产品生产商的地位

SKU-56687