The Clean Technology Scenario (CTS) [150 Pages Report] Check for Discount on Global and Chinese Petrochemical Industry, 2016 Market Research Report report by Prof Research. It is most commonly used by the automotive industry for vehicle manufacturing. (International Energy Agency), #3. Update, Insights into the world's most important technology markets, Advertising & Media Outlook The average annual growth over the period 2009-2019 was 4.2 %, leading to a peak of EUR 658 billion in 2019. You can only download this statistic as a Premium user. Under the third five-year plan, two special economic zones, Mahshahr and Assaluyeh, both located on the northern coast of the Persian Gulf, were introduced as the major hubs of the industry. The Middle East and North America are the most likely to use ethane for feedstock, with each region using it for 60% of their total feedstock. (Krungsri Research), #11. The report provides analysis on Ammonia, Benzene, Ethylene, High density polyethylene capacity, Low density polyethylene capacity, Methanol, Polyethylene terephthalate, Polypropylene, Propylene, Polystyrene, Polyethylene, Polyvinyl chloride, and Urea. That is about 50% of the global average. Import volume was about 1.5 million tons. As oil and natural gas prices have begun to recover, the industry has begun to see better revenue footing. About 65% of the demand for this product is met by imports. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Research Lead covering energy, environment, chemicals & resources, Profit from additional features with an Employee Account. International upheaval has shaped trade flows and price movements in the first half of the year alongside another Most of the declines in the average revenues from the industry occurred in late 2014 and throughout 2015. Since 2012, the industry has been seeing an average decline of 9.7%. Directly accessible data for 170 industries from 50 countries The Brazil petrochemicals market report analyses the impact of COVID-19. • Continuous growth for more than 50 years. To download the 2020 Subscription Contract & Form, CLICK HERE. • Plastics production ramped up from 1.5 Mio. In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. The growth of the market for petrochemicals will be driven by rising demand for downstream products from end-use industries and capacity additions in the base chemical industry From 2009-2014, these three sectors grew by 51%, 13%, and 19% respectively. A large number of global chemical companies are now expanding or building facilities in the region. The ideal entry-level account for individual users. Most xylene, however, is used to produce polyester or PET. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Then you can access your favorite statistics via the star in the header. 20% was dedicated to propylene, while 18% was dedicated to methanol. ", Grand View Research, Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/ (last visited December 08, 2020), Market value of petrochemicals worldwide from 2015 to 2027, Global petrochemical market value 2015-2027, Global share of petrochemical feedstock types by region 2017, Global share of upstream petrochemical capacity by chemical 2017, Global planned and announced petrochemical capacity additions by country 2019-2030, Global capacity of paraxylene 2017 & 2022, Global share of petrochemical feedstock consumption by type 2017, Global share of demand for petrochemicals by end use sector 2017, Global demand for polypropylene 2017-2022, Global polyethylene and polypropylene demand 2017-2023, Global consumption of polyvinyl chloride projection 2019-2021, Global price of high-density polyethylene 2017-2021, Global price of polyethylene terephthalate 2017-2021, Price of petrochemicals in the Americas during COVID-19 crisis 2020, European price of petrochemicals variation during COVID-19 crisis 2020, Asia price of petrochemicals variation during COVID-19 crisis April 2020, U.S. petrochemicals market size 2016-2027, U.S. petrochemicals market size by product 2017 & 2027, U.S. refinery net production of petrochemical feedstocks 2009-2019, Canadian petrochemical and organic chemical sector employment 2009-2019, Brazil: leading (petro-)chemical companies in 2019, by net revenue, Canadian petrochemical and organic chemical shipments value 2009-2019, Employment projection for U.S. petrochemical industry by segment 2015-2035, Establishments in the Canadian petrochemical and organic chemical sector 2009-2019, Emissions from new U.S. chemical manufacturing plants 2015, Value of petrochemical manufacturing shipments 1998-2011, PFC emissions from the petrochemicals manufacturing sector in the UK 1990-2017, U.S. petrochemical industry GHG emissions by sector 2018, Global market volume of petrochemicals 2016 & 2021, N2O emissions from the petrochemicals manufacturing sector in the UK 1990-2017, Emissions from largest new U.S. petrochemical projects 2015, Brazil: net revenue of Pronor Petroquímica 2014-2016, Canadian petrochemical and organic chemicals sector trade 2009-2019, Wholesale price index of petrochemical intermediates in India FY 2013-2019, PM2.5 emissions from petrochemicals manufacture in the UK 1990-2017, Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. The global petrochemicals market size was predicted at USD 441.0 billion in 2019 and is anticipated to witness a CAGR of 5.0% over the forecast period. This statistic is not included in your account. The global petrochemicals market size was predicted at USD 441.0 billion in 2019 and is anticipated to witness a CAGR of 5.0% over the forecast period. The petrochemical industry may have a stable profile, but they have a product that is based on a volatile commodity. Global production capacity of methanol 2018-2030, Global production capacity of toluene 2018 & 2023, Global polyethylene and polypropylene capacity 2017-2023. The EU-27 production of chemicals hazardous to health (all five hazard classes together) reached a peak of 239 million tonnes in 2007. Who are the global key manufacturers of Petrochemical Catalysts Recovery industry How are their operating situation (capacity, production, price, cost, gross and revenue) 3. Global Basic Petrochemical Industry research report 2020 provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector. Global cycles for this industry tend to occur every 6-9 years, so assuming that the 2014 drop was the beginning of a new cycle, changing circumstances in 2020 could create future uncertainties. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Petrochemical production has been soaring in recent years. Statista. (Krungsri Research), #12. To meet predicted demand by 2006, the global petrochemical industry will need to add 10.6 million tons/year if operated at 100% capacity and almost 12 million tons at 90% capacity. The capacity utilization rate in China for the processing of crude oil stood at 66% in 2014. to the increase in output and rise in global demand. As soon as this statistic is updated, you will immediately be notified via e-mail. The gross output volume, however, was just 5 million tons in 2014. In 2015 global plastic’s production grew by 3.4% compared to 2014. 50 million tons of polyvinyl chloride, or PVC, is produced globally each year. Global demand for petrochemical feedstock accounted for 12 million barrels per day (bpd), or roughly 12 percent of total demand for oil in 2017. About 11 million tons of polystyrene are produced each year, which is used by severe industries as a downstream aromatic hydrocarbon. (Krungsri Research), #15. The USA, the largest gas producer, accounted for over half of the 2019 global increase, followed by Russia, Australia, China and Iran. (American Fuel and Petrochemical Manufacturers [AFPM]), #16. The dynamism of the petrochemical industry is also driving new trends around the world. It is produced by the petrochemical industry through chloride or ethylene. (Flanders Investment and Trade), #23. In 2015, 32% of the global upstream capacity of the petrochemical industry was for ethylene. The average worker in the industry earns about $23 per hour. The global petrochemical industry is heading into the second half of 2019 caught in a whirlwind of volatile crude oil prices, ongoing trade disputes and geopolitical tensions. Research Methodology: Global Petrochemicals Market. Demand Growth Proximity to demand growth essential without distinct cost or technology advantage. For each manufacturer covered, this report analyzes their Petrochemical manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market. A paid subscription is required for full access. the global Petrochemical Market is expected to reach US$ 887.6 Mn by 2024. The forecast for new petrochemical investments integrated with refining could result in capacity additions that overwhelm trend line demand growth in many markets. Because of the growth the industry has seen and the increase in product variety that has been developed, investors have been attracted to the industry for more than a decade. 34% of consumption involves ethane. Only 1.4 million tons of ethylene equivalent originates in North America. facts. In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers, and the unit price that they offer in various regions from 2015 to 2020. In the United States, there were 141 operable refineries within the petrochemical industry, offering a total crude distillation capacity of 18.6 million barrels per day. (Krungsri Research), #14. Then you will be able to mark statistics as favourites and use personal statistics alerts. As of 2017, naphtha was the petrochemical feedstock that was consumed the most, which amounted to around 45 percent of global consumption that year. State of the Global Petrochemical Industry IHS Asia Chemical Conference Singapore September 3–4, 2014 Mark Eramo Vice President, Chemical Insights IHS Chemical Houston, TX firstname.lastname@example.org . What are the types and applications of Petrochemical Catalysts Recovery What is the market share of … (Flanders Investment and Trade). Learn more about how Statista can support your business. The petrochemical industry is a vital component of numerous industrial processes as it provides raw materi… In comparison, less than 5 million tons was produced from methanol to olefin. With new joint ventures and expansions in place, this rapidly growing industry is all set to take the burgeoning global demand in its stride. China’s petrochemical industry has seen revenue growth of 86.6% since 2000, reaching a total of CNY 9.5 trillion in 2015. The market data is analyzed and forecasted using market statistical and coherent models. 70% of the PVC that is manufactured goes to the construction industry. The output capacity for EVA copolymer in China is 600,000 tons per year. Petrochemicals are an essential component to the production of many different products. About 60 businesses are currently active in the industry from a manufacturing standpoint, which supplies about 10,000 direct employment opportunities to the U.S. economy. Except for Germany, the United States is the largest exporter of chemical goods in the world today. The report has included strong players and analyses their limitations and strong points of the well-known players through SWOT analysis. (Flanders Investment and Trade), #25. dollars)." More than 100 companies are currently active in this sector of the petrochemicals industry, yet China experiences a shortfall of almost 65,000 tons of high-end polypropylene each year to meet demands. The remainder of that time period had the industry on solid ground. The demand for isoprene in China has risen by nearly 40% since 2014, far outpacing demands for other chemicals. There are 196 petroleum refineries in China, offering an average capacity of 3.65 million tons per year per refinery. The petrochemical industry is concerned with the production and trade of petrochemicals.It directly interfaces with the petroleum industry, especially the downstream sector. "Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. (Morgan Stanley), #6. 45% of global petrochemical feedstock consumption involves naphtha. (February 9, 2020). CMAI estimates that global petrochemical demand for the next 5 years is expected to grow at a rate of 4.6%/year. (Flanders Investment and Trade), #24. NE Asia and NE Europe both use naphtha as feedstock most often, accounting for about 80% of the regional feedstock. Home » Statistics » 31 Petrochemical Industry Statistics, Trends & Analysis. Global ethylene and propylene production are about 115 million tonnes and 70 million tonnes per annum, respectively. The section is about its production and the other part is about its consumption. The Philippines petrochemicals market report analyses the impact of COVID-19. history breakdown data … In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. Average annual growth within the process energy consumption sector, with direct energy-related carbon dioxide emissions, was 2.3% and 2.6% respectively since 2000. With a … About 97% of the methyl ether that is produced in China is used as fuel and is treated as a replacement for LPG or coal. The vast majority of ethylene production in China comes from steam cracking, where 20.5 million tons were generated in 2014. The November Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Profit from additional features by authenticating your Admin account. (Statista), #19. Global PE oversupply to weigh on prices in H12020 22 Latin America looks towards the US for polyethylene direction for 2020 23 Global PP faces economic slowdowns, tepid demand in H1 2020 24 tin American PP market to continue to look to Asia, Middle East for direction 25 China, India to dominate global PVC export markets in 2020 26 projects were completed and Iran’s petrochemical industry began to establish itself as a new force in the world of petrochemicals. Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. dollars) [Graph]. It consists of two statistics reports: AFPM Petrochemical Surveys; and Production & Inventory Statistics and Selected Petrochemical Statistics, U.S. Trade Data (PSR). The program provides comprehensive and timely statistics on selected petrochemicals and is available for subscription. Aromatics production is approximately 70 million tonnes. In some markets, that price may need to be above $60 per barrel. (Statista), #18. 8.5 million tons of ethylene equivalent consumed in China each year comes from the Middle East. Even with these challenges, the U.S. petrochemical industry brings in an average of $54 billion in revenues each year. and over 1 Mio. The petrochemical industry continues to be impacted by the globalization and integration of the world economy. The global SAN Styrene-Acrylonitrile market is analyzed from two aspects. 65% of the propylene that is produce each year comes from LPG, coal, and naphtha. The gross operating surplus for all U.S. chemical manufacturing was $271.1 billion in 2016. Western Europe Production stats Q1 2016 for ethylene, propylene and butadiene increased by an average 12% vs Q1 2015. From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, 31 Petrochemical Industry Statistics, Trends & Analysis, 25 Malaysia Petrochemical Industry Statistics,…, 15 Singapore Petroleum Industry Statistics and Trends, 21 Oil Refinery Industry Statistics and Trends, 19 Myanmar Oil and Gas Industry Statistics, Trends &…, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. Capacity is expected to rise 5% globally, with 70% of the products produced going to the packaging industry. About 20% of benzene is used to produce cumene, which is a staple of the packaging industry. (Ernst and Young), #17. This is followed by propane (8%), butane (5), and gas/oil (5%). Investments seek a competitive advantage in energy and feedstock costs. Global Petrochemical Market 2020 by Manufacturers, Type and Application, Forecast to 2025 includes an elaborative summary of the market that provides in-depth knowledge of various different segments of the market. global gasoline market in 2020 due to refinery configurations following the new IMO low sulfur regulations for marine fuels, which will come into effect January 2020, adding that this could support global gasoline blendstock demand next year. The global Basic Petrochemical market report offers a complete overview, Trends, Business Revenue Forecast Statistics, and Growth Perspective of various aspects.The report includes the major market conditions across the globe such as the product profit, price, production, capacity, demand, supply, as well as market growth structure. The market report titled “Synthetic and Bio Based Polypropylene Market – Global Industry Perspective, Comprehensive Analysis and Forecast 2020-2026” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global Synthetic and Bio Based Polypropylene Market market. (Krungsri Research), #13. In conjunction with this volume growth, value creation has also risen at a 4 percent compound annual growth rate since 2005. Today, the United States is home to around 40% of the global ethane-based petrochemical production capacity. This statistic was assembled using more than one edition of the report. The USA, the largest gas producer, accounted for over half of the 2019 global increase, followed by Russia, Australia, China and Iran. Only sodium hydroxide, diammonium hydrogen phosphate, sodium carbonate, and urea had capacity utilization rates above 80%. Several factors influencing world petrochemicals are the following: Economies of scale. Gas production increased at a steady pace for the third year in a row (+4% in 2019), spurred by the USA and Russia. • Compound Annual Growth Rate (CAGR) from 1950 to 2015 is about 8.6%. In 2018, the global market value of petrochemicals was 539 billion U.S. dollars, and is forecast to increase to 651.1 billion U.S. dollars by 2027. Descriptions for each are below. In 2015, the price of crude oil fell by over 47%, while natural gas prices fell by 40%. Product features vary by version. You need at least a Single Account to use this feature. Energy use as feedstock for the petrochemical industry grew at 2.3% over this same time period. The Japan petrochemicals market report analyses the impact of COVID-19. Despite this significant growth, per capita consumption of petrochemical goods in India is still lagging far behind than China and global consumption. Through at least 2019, the industry should be able to stay that way, enjoying healthy demand levels as conditions improve. ** Forecast. The one major concern of the industry involves fluctuations in the price of oil and gas, as sharp decreases can make dramatic impacts on industry revenues. The average annual growth over the period 2009-2019 was 4.2 %, leading to a peak of EUR 658 billion in 2019. Even in Europe, thought to be disadvantagedcompaniesare pursuing investments in new capacity. Corporate solution including all features. The petrochemical industry will always have products that other industries will demand. Basic Petrochemical Market2020 global industry research report is a professional and in-depth study on the market size, growth, share, trends, as … As an industry, the only real question is one of profitability – and that is dictated by how much the price of oil happens to be. Petrochemical Production Statistics Q1 2016. Access new updated reports and statistics for the Petrochemical Industry in the World. (Flanders Investment and Trade). The ICIS Supply and Demand Database delivers an end-to-end perspective of the global petrochemical markets, covering 160 countries and over 100 products. (Statista), #21. (Flanders Investment and Trade), #30. In 2017, total refining capacity within the U.S. increased by 300,000 barrels per day. In the petrochemical industry as a whole, about 810,000 people have direct employment opportunities, though this is about 20% lower than what it was in the 1990s. Accessed December 08, 2020. https://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/, Grand View Research. (Macquarie Research), #8. Grand View Research. Production capacity in 2017 reached 166.8 million tons and is expected to reach 170.9 million tons in 2018. Aromatic carbons are produced from naphtha, with almost 70% of xylene coming from oil refineries. * Estimated. The production of chemicals hazardous to health in the EU was 222.6 million tonnes in 2018. 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2020 global petrochemical production statistics