Petrochemicals Market
petrochemicals market in the forecast period. The demand for styrene and butadiene is also expected to rise in the
coming years, thanks to their growing application in styrene butadiene rubber and the rising demand for butadiene
for the production of acrylonitrile butadiene styrene.
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On the basis of geography, China emerged as the largest segment of the global market in 2013. China accounted
for 25% of the demand from the global petrochemicals market, thanks in part to the country’s booming automotive
and construction industries. China is also anticipated to remain in a dominant position in the global petrochemicals
market in the coming years and is expected to be the fastest growing segment of the market in the forecast period.
The rest of Asia Pacific followed China in the regional hierarchy of the global petrochemicals market in 2013. India is
the leader in the rest of Asia Pacific, with the increasing demand for products containing petrochemicals and the
country’s flourishing manufacturing sector expected to propel the regional market for petrochemicals.
The Middle East and Africa also have an important role to play in the future of the global petrochemicals market.
These two regions contain some of the largest petroleum producers in the world, with the easy availability of
petroleum allowing petrochemical companies in the region to post strong growth figures. In competitive terms, the
global petrochemicals market is highly fragmented and marked by constant efforts on the part of multinational giants
to acquire smaller regional companies. Key players in the global petrochemicals market are BASF SE, Shell
Chemical Company, Total S.A., E. I. du Pont de Nemours and Company, Sumitomo Chemical Co. Ltd., ExxonMobil,
Sinopec Ltd., The Dow Chemical Company, SABIC, LyondellBasell Industries, and Chevron Phillips Chemical
Company LLC.
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology
3
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