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. In some markets, that price may need to be above $60 per barrel. Global ethylene and propylene production are about 115 million tonnes and 70 million tonnes per annum, respectively. New, Figures and insights about the advertising and media world, Industry Outlook 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 … (Krungsri Research), #14. (Krungsri Research), #13. 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 publication “Chemicals & Petrochemicals Statistics at a Glance” is ... information on the chemical & petrochemical sector in respect of India and world as well. Global petrochemical market value 2015-2027. The vast majority of ethylene production in China comes from steam cracking, where 20.5 million tons were generated in 2014. Today, the United States is home to around 40% of the global ethane-based petrochemical production capacity. In comparison, less than 5 million tons was produced from methanol to olefin. ** Forecast. The market data is analyzed and forecasted using market statistical and coherent models. Another 8.3 million tons comes from the APAC region. and over 1 Mio. facts. (Flanders Investment and Trade), #26. As oil and natural gas prices have begun to recover, the industry has begun to see better revenue footing. (International Energy Agency), #4. A large number of global chemical companies are now expanding or building facilities in the region. to the increase in output and rise in global demand. The gross operating surplus for all U.S. chemical manufacturing was $271.1 billion in 2016. Demand Growth Proximity to demand growth essential without distinct cost or technology advantage. Get the latest trends and understand the impact of the crisis on the market. 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. KEY FINDINGS The global expanded polystyrene (EPS) market is expected to register a CAGR of 5.54% in terms of revenue, and 4.85% in terms of volume, during … The gross output volume, however, was just 5 million tons in 2014. 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. The output capacity for EVA copolymer in China is 600,000 tons per year. Basic Petrochemical Market2020 global industry research report is a professional and in-depth study on the market size, growth, share, trends, as … (Krungsri Research), #11. The November Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. 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. Output capacities for polypropylene in China were 19.3 million tons, with an output volume of 13.8 million tons. In 2015, North America held a 16.5% share of global chemical sales. Dollars). Profit from additional features by authenticating your Admin account. The Middle East accounted for the majority of global petrochemical growth between 2000 and 2010, according to IHS Markit, adding 37.4 million tons of production … Most xylene, however, is used to produce polyester or PET. t in 2015. Global production capacity of methanol 2018-2030, Global production capacity of toluene 2018 & 2023, Global polyethylene and polypropylene capacity 2017-2023. In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. 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Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. #29. Most of the declines in the average revenues from the industry occurred in late 2014 and throughout 2015. This statistic was assembled using more than one edition of the report. That is about 50% of the global average. From 2012-2017, the petrochemical industry saw significant revenue reductions as crude oil prices bottomed out. (Statista), #20. Performance of chemicals (group-wise) for 2011-12 to 2018-19. (International Energy Agency), #3. Petrochemicals are an essential component to the production of many different products. Access new updated reports and statistics for the Petrochemical Industry in the World. There are 196 petroleum refineries in China, offering an average capacity of 3.65 million tons per year per refinery. About 20% of benzene is used to produce cumene, which is a staple of the packaging industry. Crude oil prices typically need to be in the $50 per barrel range for most producers to find their breakeven point. Global demand for petrochemical feedstock accounted for 12 million barrels per day (bpd), or roughly 12 percent of total demand for oil in 2017. Aromatic carbons are produced from naphtha, with almost 70% of xylene coming from oil refineries. 45% of global petrochemical feedstock consumption involves naphtha. Petrochemical production has been soaring in recent years. Then you will be able to mark statistics as favourites and use personal statistics alerts. (February 9, 2020). It consists of two statistics reports: AFPM Petrochemical Surveys; and Production & Inventory Statistics and Selected Petrochemical Statistics, U.S. Trade Data (PSR). Also market share analysis and key trend analysis are the major success factors in the market report. Only sodium hydroxide, diammonium hydrogen phosphate, sodium carbonate, and urea had capacity utilization rates above 80%. 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