Petrochemicals Market
REPORT DESCRIPTION
Petrochemicals (Ethylene, Propylene, Butadiene, Benzene, Xylene,
Toluene, Vinyls, Styrene and Methanol) Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Transparency Market Research (TMR) has announced the release of a new market study on the global
petrochemicals market. The report examines the historical trajectory of the market up to 2013 and presents
forecasts for the market’s development from 2014 to 2020. According to the report, the global petrochemicals
market is expected to exhibit a steady 6.8% CAGR from 2014 to 2020. The market will reach a valuation of
US$885.1 bn by the end of the forecast period.The report is titled ‘Petrochemicals Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020’ and is available for sale on the official website of TMR.
Petrochemicals, as the name suggests, are a wide range of chemicals derived from petroleum feedstock. The global
market for petrochemicals is a crucial part of the chemicals industry and has significant impact on various walks of
human life, as ubiquitous materials such as plastics are derived from petrochemicals. Due to the rising demand for
its various end-use segments, the global petrochemicals market is expected to exhibit steady growth in the coming
years.
Browse The Full Report at:
http://www.transparencymarketresearch.com/petrochemicals.html
The major product segments of the global petrochemicals market are ethylene, propylene, methanol, butadiene,
xylene, benzene, styrene, vinyls, and toluene. Of these, ethylene was the major product type in the market in 2013.
Ethylene’s use in the manufacture of polyethylene – which, as the name suggests, consists of multiple polymers of
ethylene – is a major driver for the global petrochemicals market.
The rising use of methanol in fuel mixtures has also provided a boost to the global petrochemicals market.
Adding methanol allows for cleaner combustion of fuels, reducing the environmental damage caused by the
combustion. According to TMR, methanol is expected to be the fastest growing product segment of the global
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