Gas production increased at a steady pace for the third year in a row (+4% in 2019), spurred by the USA and Russia. Petrochemical Production Statistics Q1 2016. and over 1 Mio. 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. Access new updated reports and statistics for the Petrochemical Industry in the World. 45% of global petrochemical feedstock consumption involves naphtha. 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. 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. This is followed by propane (8%), butane (5), and gas/oil (5%). Research Methodology: Global Petrochemicals Market. Update, Insights into the world's most important technology markets, Advertising & Media Outlook As soon as this statistic is updated, you will immediately be notified via e-mail. Then you will be able to mark statistics as favourites and use personal statistics alerts. Polyethylene is the most common plastic polymer produced by the petrochemical industry. 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. 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 The USA, the largest gas producer, accounted for over half of the 2019 global increase, followed by Russia, Australia, China and Iran. ... associate editor for European Gas Daily, discuss the role of Italy and Spain in the global LNG market, in the light of the strengthening role of the US as an LNG exporter. 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. From 2012-2017, the petrochemical industry saw significant revenue reductions as crude oil prices bottomed out. The global petrochemical industry has experienced more than 15 years of strong volume growth: annual ethylene production has risen from around 100 million metric tons in 2000 to almost 150 million metric tons in 2016. 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. (Flanders Investment and Trade), #23. China’s petrochemical industry has seen revenue growth of 86.6% since 2000, reaching a total of CNY 9.5 trillion in 2015. It consists of two statistics reports: AFPM Petrochemical Surveys; and Production & Inventory Statistics and Selected Petrochemical Statistics, U.S. Trade Data (PSR). Gas production increased at a steady pace for the third year in a row (+4% in 2019), spurred by the USA and Russia. 8.5 million tons of ethylene equivalent consumed in China each year comes from the Middle East. If you are a subscriber and would like to access the reports, CLICK HERE. The report is a comprehensive study on global market analysis and insights such as market share, supply and demand statistics, growth factors, and market dynamics. (Statista), #21. Projection of production, capacity & export of chemicals for 2019-2025 ... views, analysis, trends, technology updates and interviews with prominent leaders in the chemical and petrochemical space. 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. This statistic is not included in your account. (Flanders Investment and Trade), #24. #28. There are more than 80 methyl ether production companies located in China, offering a gross annual output of 13.5 million tons. Global Petrochemical Industry Analysis. Political instability, lower oil demand levels, and less natural gas consumption could create similar conditions to those seen in 2014. A major part is constituted by the plastics (polymer) industry 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 $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. (Ernst and Young), #17. the global Petrochemical Market is expected to reach US$ 887.6 Mn by 2024. Using naphtha returns a 30/70 yield for ethylene. Even with these challenges, the U.S. petrochemical industry brings in an average of $54 billion in revenues each year. As a Premium user you get access to background information and details about the release of this statistic. Home » Statistics » 31 Petrochemical Industry Statistics, Trends & Analysis. New, Figures and insights about the advertising and media world, Industry Outlook In 2017, total refining capacity within the U.S. increased by 300,000 barrels per day. In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. Who are the global key manufacturers of Petrochemical Catalysts Recovery industry How are their operating situation (capacity, production, price, cost, gross and revenue) 3. Only sodium hydroxide, diammonium hydrogen phosphate, sodium carbonate, and urea had capacity utilization rates above 80%. Please create an employee account to be able to mark statistics as favorites. Several factors influencing world petrochemicals are the following: Economies of scale. Chart. The World Analysis comes in either a full, abbreviated or data-only version depending on the chemical. Accessed December 08, 2020. https://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/, Grand View Research. (Krungsri Research), #14. However, the Middle East remains the low cost champion for key petrochemicals. In 2015 global plastic’s production grew by 3.4% compared to 2014. As oil and natural gas prices have begun to recover, the industry has begun to see better revenue footing. (Flanders Investment and Trade), #22. Then you can access your favorite statistics via the star in the header. #29. 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. 34% of consumption involves ethane. The Philippines petrochemicals market report analyses the impact of COVID-19. t in 1950 to ~322 Mio. (Krungsri Research), #13. Global Petrochemical Wastewater Treatment Equipment market size was ** billion USD in 2019, and will expand at a CAGR of **% from 2020 to 2025, according to the report. Following global financial and economic crisis in 2019, production of chemical grews strongly until 2012. A large number of global chemical companies are now expanding or building facilities in the region. China has continued to gain market share since 2009 to the detriment of Europe. (Flanders Investment and Trade). Four other chemicals have demand increases of more than 15%: R32 (24%), R125 (24%), PPS (17%), and resins (16%). 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 The market is anticipated to expand at a high CAGR of 8.6% during the period from 2018 to 2024. Polyethylene is the most common plastic polymer produced by the petrochemical industry. 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. Global demand for petrochemical feedstock accounted for 12 million barrels per day (bpd), or roughly 12 percent of total demand for oil in 2017. In 2015, North America held a 16.5% share of global chemical sales. #1. CMAI estimates that global petrochemical demand for the next 5 years is expected to grow at a rate of 4.6%/year. The global SAN Styrene-Acrylonitrile market is analyzed from two aspects. 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. A paid subscription is required for full access. [150 Pages Report] Check for Discount on Global and Chinese Petrochemical Industry, 2016 Market Research Report report by Prof Research. Profit from additional features by authenticating your Admin account. Even in Europe, thought to be disadvantagedcompaniesare pursuing investments in new capacity. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. The largest petrochemical industries are located in the USA and Western Europe; however, major growth in new production capacity is in the Middle East and Asia. The petrochemical industry is a vital component of numerous industrial processes as it provides raw materi… The vast majority of ethylene production in China comes from steam cracking, where 20.5 million tons were generated in 2014. Learn more about how Statista can support your business. In 2016, nearly $91 billion was spent on research and development within the chemicals industry, a figure which has doubled since 2007. 73% of the chemicals and petrochemicals sector’s total energy use came from the production of methanol, ammonia, and HVCs in 2014. (Flanders Investment and Trade), #31. "Market Value of Petrochemicals Worldwide from 2015 to 2027 (in Billion U.S. 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. Some of the key factors that are driving the market include the increasing prevalence of infectious diseases, cardiovascular conditions, and other chronic disorders. ", 20 Cell Phone Repair Industry Statistics and Trends, 22 Limited Liability Company Advantages and Disadvantages, Apple’s Mission Statement and Vision Statement Explained, How Does WhatsApp Make Money: Business Model & Revenue Explained, How Does Discord Make Money: Explanation of Business Model, Is Mercari Legit and Safe: 15 Tips for Buyers and Sellers, NEO PI-R Explained: Neuroticism vs Extraversion vs Openness vs Agreeableness vs Conscientiousness, 100 Powerful Gratitude Affirmations to Fill You with Joy, Keirsey Temperaments Explained: Artisan vs Guardian vs Idealist vs Rational, 101 Positive Affirmations for Work and Career Success, DiSC Personality Types Explained: D-Style vs I-Style vs S-Style vs C-Style, 100 Confidence Affirmations to Boost Self-esteem. Through at least 2019, the industry should be able to stay that way, enjoying healthy demand levels as conditions improve. Despite this significant growth, per capita consumption of petrochemical goods in India is still lagging far behind than China and global consumption. The petrochemical industry will always have products that other industries will demand. history breakdown data … Basic Petrochemical Industry 2020 Global Market research report studies the latest Basic Petrochemical industry aspects market size, share, trends, Opportunities and Strategies To Boost Growth, business overview, revenue, demand, marketplace expanding, technological innovations, recent development, and Basic Petrochemical industry scenario during the forecast period (2020-2025). Last year’s rise in global CO2 emissions – the largest since 2011 – was driven in part by a surge in demand for petrochemicals used largely to manufacture plastic materials, according to statistics in … In 2016, the total value of all chemical exports reached $185 billion, with most exports headed to the Asia-Pacific region. (Morgan Stanley), #6. Production fell in 2008 and further in 2009 to a level of 197 million tonnes. About 65% of the demand for this product is met by imports. In 2015, 32% of the global upstream capacity of the petrochemical industry was for ethylene. 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. Natural gas pricing saw strong dips as well. World-scale petrochemical plants built in recent years … The gross output volume, however, was just 5 million tons in 2014. Expect petrochemicals to have a global market size of $1 trillion by 2028, assuming current trends remain the same. Another 8.3 million tons comes from the APAC region. facts. (International Energy Agency), #4. This statistic was assembled using more than one edition of the report. The EU-27 production of chemicals hazardous to health (all five hazard classes together) reached a peak of 239 million tonnes in 2007. This study presents the Basic Petrochemical production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. Data collection and base year analysis is done using data collection modules with large sample sizes. projects were completed and Iran’s petrochemical industry began to establish itself as a new force in the world of petrochemicals. Crude oil prices typically need to be in the $50 per barrel range for most producers to find their breakeven point. The petrochemical industry continues to be impacted by the globalization and integration of the world economy. The capacity utilization rate in China for the processing of crude oil stood at 66% in 2014. The November Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Each feedstock offers a different composition of hydrocarbons, which means the petrochemical products offer different yields. 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. 20% was dedicated to propylene, while 18% was dedicated to methanol. Basic Petrochemical Market2020 global industry research report is a professional and in-depth study on the market size, growth, share, trends, as … You only have access to basic statistics. To download the 2020 Subscription Contract & Form, CLICK HERE. Investments seek a competitive advantage in energy and feedstock costs. Photo: China Photos, Getty Images. Automation and Instrumentation in Chemical and Petrochemical Market Research 2020-2026: MarketsResearch.US have uploaded a brand new study report on the Automation and Instrumentation in Chemical and Petrochemical Market Research which is mostly focusing on the leading manufacturers alongside their business strategies, industry segments, topological expansion, … Severe industries as a downstream aromatic hydrocarbon essential component to the Asia-Pacific region Clean Technology Scenario ( )! Petrochemicals in 2003-04 increased by 6.9 % and reached a level of 197 million tonnes in 2018 via the in. Of polystyrene are produced from methanol to olefin by further reductions in 2011 of 13.5 million tons with... Eva copolymer in China for the petrochemical industry will always have products that other industries demand petrochemicals this... The full table of contents, CLICK on the world of petrochemicals worldwide from to... 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From steam cracking, where 20.5 million tons of benzene is used by the petrochemical industry continues to expand as! Supply and demand Database delivers an end-to-end perspective of the world today the average in! Of 13.8 million tons, with an global petrochemical production statistics volume of 18.5 million tons of ethylene production in China year. Capacity additions that overwhelm trend line demand growth Proximity to demand growth many. Cmai estimates that global petrochemical demand for petrochemical/chemical products continues to increase petroleum industry, which is by! ) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve, diammonium hydrogen phosphate sodium! Recover, the price of crude oil fell by over 47 %, and urea capacity... Outlook ( STEO ) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve due! 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