Chemicals and Materials Top 15 Petrochemicals Market New

The "Top 15 Petrochemicals Market (Ethylene, Propylene, Benzene, Butadiene, Toluene,
Xylenes, Ethylene Oxide, Propylene Oxide, Methanol, PE, PP, PVC, PS, PET, ABS),
Applications, and Region - Global Forecast to 2021", published by MarketsandMarkets, the
market is projected to grow from 250.3 Million tons in 2016 to 310.3 Million tons by 2021
at a CAGR of 4.4% from 2016 to 2021.
Browse 62 market data Tables and 85 Figures spread through 232 Slides and in-depth TOC
on "Top 15 Petrochemicals Market"
https://www.marketsandmarkets.com/Market-Reports/top-15-petrochemicals-market-
193785497.html
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Ethylene - The largest market among top 15 petrochemicals
Ethylene is primarily a petrochemical used as a feedstock in the manufacturing of polymer
plastics, fibers and other organic chemicals that are ultimately consumed in the packaging,
transportation, and construction industries. Ethylene constituted about 25% share of the
total petrochemical market in 2016, in terms of volume and is projected to maintain its
share during the forecast period. With advent of abundant shale gas in North America, the
majority of global players in the ethylene business have shifted their production facilities to
North America to churn out low cost ethylene from ethane.
Packaging- The fastest-growing market for basic polymers
The packaging industry especially in developing markets of India, Thailand, Malaysia,
Vietnam and countries of Middle East such as UAE, Oman, Qatar, Kuwait is expected to
grow by more than 20% year-on-year during the forecast period. The growth is driven by