Current Business Affairs Global Petrochemicals Market 2018

Global Petrochemicals Market Trends, Analysis, and Forecast To 2025
Market Characterization:
Increase in demand of commodity plastics in emerging economies in Southeast Asia and the Middle East is the prime
factor that drives this market. Moreover, growth in construction projects in these regions is further expected to boost
the demand of petrochemicals. Also, the elevating demand from end-use industries such as automotive, packaging,
electronics & electrical globally are driving the petrochemicals market.
Major Key Players:
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BASF SE
British Petroleum
Chevron Phillips
China National Petroleum Corporation
E. I. Dupont De Nemours & Company
Exxonmobil Corporation
Formosa Plastics
Ineos Group
Lyondell Basell
Reliance Industries Ltd.
Royal Dutch Shell PLC
SABIC, Sinopec Ltd.
The DOW Chemical Company and Total SA
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Market Segmentation:
On the basis of types of intermediate chemicals, methanol is expected to have the fastest-growing market, owing to the
growing demand of formaldehyde, which is important component that is used during the manufacturing of adhesives
along with the increase in gasoline fuel blending application. On the basis of type of polymer, polyethylene is also one of
the important type of plastics, which is gaining drive globally because of low oil prices. New variations of polyethylene
like ultra-high molecular weight PE and Cross linked PE are used in the market and are expected to grow at a significant
pace.