The one major concern of the industry involves fluctuations in the price of oil and gas, as sharp decreases can make dramatic impacts on industry revenues. (Morgan Stanley), #6. (Statista), #19. The petrochemical industry is a vital component of numerous industrial processes as it provides raw materi… (CMAI), #5. Political instability, lower oil demand levels, and less natural gas consumption could create similar conditions to those seen in 2014. The report provides analysis on Ammonia, Benzene, Ethylene, High density polyethylene capacity, Low density polyethylene capacity, Methanol, Polyethylene terephthalate, Polypropylene, Propylene, Polystyrene, Polyethylene, Polyvinyl chloride, and Urea. Today, the United States is home to around 40% of the global ethane-based petrochemical production capacity. 45% of global petrochemical feedstock consumption involves naphtha. February 9, 2020. Directly accessible data for 170 industries from 50 countries In 2015, 32% of the global upstream capacity of the petrochemical industry was for ethylene. Production capacity in 2017 reached 166.8 million tons and is expected to reach 170.9 million tons in 2018. The Clean Technology Scenario (CTS) To download the 2020 Subscription Contract & Form, CLICK HERE. The forecast for new petrochemical investments integrated with refining could result in capacity additions that overwhelm trend line demand growth in many markets. It is most commonly used by the automotive industry for vehicle manufacturing. Descriptions for each are below. Polyethylene is the most common plastic polymer produced by the petrochemical industry. Expect petrochemicals to have a global market size of $1 trillion by 2028, assuming current trends remain the same. However, the Middle East remains the low cost champion for key petrochemicals. In 2015, the price of crude oil fell by over 47%, while natural gas prices fell by 40%. Four other chemicals have demand increases of more than 15%: R32 (24%), R125 (24%), PPS (17%), and resins (16%). CMAI estimates that global petrochemical demand for the next 5 years is expected to grow at a rate of 4.6%/year. (Ernst and Young), #17. There are more than 80 methyl ether production companies located in China, offering a gross annual output of 13.5 million tons. ", 20 Cell Phone Repair Industry Statistics and Trends, 22 Limited Liability Company Advantages and Disadvantages, Apple’s Mission Statement and Vision Statement Explained, How Does WhatsApp Make Money: Business Model & Revenue Explained, How Does Discord Make Money: Explanation of Business Model, Is Mercari Legit and Safe: 15 Tips for Buyers and Sellers, NEO PI-R Explained: Neuroticism vs Extraversion vs Openness vs Agreeableness vs Conscientiousness, 100 Powerful Gratitude Affirmations to Fill You with Joy, Keirsey Temperaments Explained: Artisan vs Guardian vs Idealist vs Rational, 101 Positive Affirmations for Work and Career Success, DiSC Personality Types Explained: D-Style vs I-Style vs S-Style vs C-Style, 100 Confidence Affirmations to Boost Self-esteem. Then you will be able to mark statistics as favourites and use personal statistics alerts. To meet predicted demand by 2006, the global petrochemical industry will need to add 10.6 million tons/year if operated at 100% capacity and almost 12 million tons at 90% capacity. Reduced economic activity related to the COVID-19 pandemic has caused changes in energy demand and supply patterns in 2020 and will continue to affect these patterns in the future. Since 2012, the industry has been seeing an average decline of 9.7%. The Brazil petrochemicals market report analyses the impact of COVID-19. Even with these challenges, the U.S. petrochemical industry brings in an average of $54 billion in revenues each year. 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. 20 The industry became globally competitive in the early 2010s, mainly due to the shale gas revolution. With new joint ventures and expansions in place, this rapidly growing industry is all set to take the burgeoning global demand in its stride. #1. The global petrochemical industry has experienced more than 15 years of strong volume growth: annual ethylene production has risen from around 100 million metric tons in 2000 to almost 150 million metric tons in 2016. 28% of the global demand for petrochemical products comes from the packaging industry, which is the petrochemical industry’s top customer. (Flanders Investment and Trade). The growth of the market for petrochemicals will be driven by rising demand for downstream products from end-use industries and capacity additions in the base chemical industry The Malaysia petrochemical industry now includes globally recognized names like Dow Chemical, ExxonMobil, and BASF. Statistics. In, Grand View Research. (Statista), #21. t in 2015. t in 1950 to ~322 Mio. As soon as this statistic is updated, you will immediately be notified via e-mail. The market is anticipated to expand at a high CAGR of 8.6% during the period from 2018 to 2024. Global cycles for this industry tend to occur every 6-9 years, so assuming that the 2014 drop was the beginning of a new cycle, changing circumstances in 2020 could create future uncertainties. Read more production. (Flanders Investment and Trade), #24. (International Energy Agency), #3. World-scale petrochemical plants built in recent years … 70% of the PVC that is manufactured goes to the construction industry. 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 … The output capacity for ethylene in China was 20.79 million tons, with an output volume of 18.5 million tons. You need a Single Account for unlimited access. Corporate solution including all features. (Flanders Investment and Trade), #30. New, Everything you need to know about the industry development, Find studies from all around the internet. (Flanders Investment and Trade), #23. The capacity utilization rate in China for the processing of crude oil stood at 66% in 2014. Global Petrochemical Market 2020 by Manufacturers, Type and Application, Forecast to 2025 includes an elaborative summary of the market that provides in-depth knowledge of various different segments of the market. The USA, the largest gas producer, accounted for over half of the 2019 global increase, followed by Russia, Australia, China and Iran. Only 1.4 million tons of ethylene equivalent originates in North America. ", Grand View Research, Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/ (last visited December 08, 2020), Market value of petrochemicals worldwide from 2015 to 2027, Global petrochemical market value 2015-2027, Global share of petrochemical feedstock types by region 2017, Global share of upstream petrochemical capacity by chemical 2017, Global planned and announced petrochemical capacity additions by country 2019-2030, Global capacity of paraxylene 2017 & 2022, Global share of petrochemical feedstock consumption by type 2017, Global share of demand for petrochemicals by end use sector 2017, Global demand for polypropylene 2017-2022, Global polyethylene and polypropylene demand 2017-2023, Global consumption of polyvinyl chloride projection 2019-2021, Global price of high-density polyethylene 2017-2021, Global price of polyethylene terephthalate 2017-2021, Price of petrochemicals in the Americas during COVID-19 crisis 2020, European price of petrochemicals variation during COVID-19 crisis 2020, Asia price of petrochemicals variation during COVID-19 crisis April 2020, U.S. petrochemicals market size 2016-2027, U.S. petrochemicals market size by product 2017 & 2027, U.S. refinery net production of petrochemical feedstocks 2009-2019, Canadian petrochemical and organic chemical sector employment 2009-2019, Brazil: leading (petro-)chemical companies in 2019, by net revenue, Canadian petrochemical and organic chemical shipments value 2009-2019, Employment projection for U.S. petrochemical industry by segment 2015-2035, Establishments in the Canadian petrochemical and organic chemical sector 2009-2019, Emissions from new U.S. chemical manufacturing plants 2015, Value of petrochemical manufacturing shipments 1998-2011, PFC emissions from the petrochemicals manufacturing sector in the UK 1990-2017, U.S. petrochemical industry GHG emissions by sector 2018, Global market volume of petrochemicals 2016 & 2021, N2O emissions from the petrochemicals manufacturing sector in the UK 1990-2017, Emissions from largest new U.S. petrochemical projects 2015, Brazil: net revenue of Pronor Petroquímica 2014-2016, Canadian petrochemical and organic chemicals sector trade 2009-2019, Wholesale price index of petrochemical intermediates in India FY 2013-2019, PM2.5 emissions from petrochemicals manufacture in the UK 1990-2017, Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Learn more about how Statista can support your business. Import volume was about 1.5 million tons. Please create an employee account to be able to mark statistics as favorites. Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. dollars) [Graph]. The gross output volume, however, was just 5 million tons in 2014. In some markets, that price may need to be above $60 per barrel. [150 Pages Report] Check for Discount on Global and Chinese Petrochemical Industry, 2016 Market Research Report report by Prof Research. Basic Petrochemical Market2020 global industry research report is a professional and in-depth study on the market size, growth, share, trends, as … From 2009-2014, these three sectors grew by 51%, 13%, and 19% respectively. The global SAN Styrene-Acrylonitrile market is analyzed from two aspects. 73% of the chemicals and petrochemicals sector’s total energy use came from the production of methanol, ammonia, and HVCs in 2014. #28. The average annual growth over the period 2009-2019 was 4.2 %, leading to a peak of EUR 658 billion in 2019. * Estimated. (Flanders Investment and Trade), #26. As a Premium user you get access to the detailed source references and background information about this statistic. China’s petrochemical industry has seen revenue growth of 86.6% since 2000, reaching a total of CNY 9.5 trillion in 2015. Demand Growth Proximity to demand growth essential without distinct cost or technology advantage. The section is about its production and the other part is about its consumption. International upheaval has shaped trade flows and price movements in the first half of the year alongside another You can only download this statistic as a Premium user. The global Basic Petrochemical market report offers a complete overview, Trends, Business Revenue Forecast Statistics, and Growth Perspective of various aspects.The report includes the major market conditions across the globe such as the product profit, price, production, capacity, demand, supply, as well as market growth structure. In 2015, North America held a 16.5% share of global chemical sales. Global PE oversupply to weigh on prices in H12020 22 Latin America looks towards the US for polyethylene direction for 2020 23 Global PP faces economic slowdowns, tepid demand in H1 2020 24 tin American PP market to continue to look to Asia, Middle East for direction 25 China, India to dominate global PVC export markets in 2020 26 The average annual growth over the period 2009-2019 was 4.2 %, leading to a peak of EUR 658 billion in 2019. Chart. In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. The program provides comprehensive and timely statistics on selected petrochemicals and is available for subscription. The demand for isoprene in China has risen by nearly 40% since 2014, far outpacing demands for other chemicals. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Because of the growth the industry has seen and the increase in product variety that has been developed, investors have been attracted to the industry for more than a decade. The report is a comprehensive study on global market analysis and insights such as market share, supply and demand statistics, growth factors, and market dynamics. Statista. To identify the version type and product features for your specific chemical World Analysis, see the tables below. The growth of the market for petrochemicals will be driven by rising demand for downstream products from end-use industries and capacity additions in the base chemical industry. Access new updated reports and statistics for the Petrochemical Industry in the World. Global petrochemical market value 2015-2027. The Philippines petrochemicals market report analyses the impact of COVID-19. Petrochemicals are an essential component to the production of many different products. The Middle East and North America are the most likely to use ethane for feedstock, with each region using it for 60% of their total feedstock. The rebound in activity in 2010 made up for most of the losses recorded in 2009 but was fol-lowed by further reductions in 2011. In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. Global ethylene and propylene production are about 115 million tonnes and 70 million tonnes per annum, respectively. The report has included strong players and analyses their limitations and strong points of the well-known players through SWOT analysis. The total value of chemical shipments originating from a U.S. location total more than $797 billion. The global petrochemical industry has experienced more than 15 years of strong volume growth: annual ethylene production has risen from around 100 million metric tons in 2000 to almost 150 million metric tons in 2016. 50 million tons of polyvinyl chloride, or PVC, is produced globally each year. The report is a comprehensive study on global market analysis and insights such as market share, supply and demand statistics, growth factors, and market dynamics. (Krungsri Research), #11. "Market Value of Petrochemicals Worldwide from 2015 to 2027 (in Billion U.S. The petrochemical industry will always have products that other industries will demand. Capacity is expected to rise 5% globally, with 70% of the products produced going to the packaging industry. Following global financial and economic crisis in 2019, production of chemical grews strongly until 2012. (Krungsri Research), #12. Accessed December 08, 2020. https://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/, Grand View Research. This is followed by propane (8%), butane (5), and gas/oil (5%). Petrochemical production has been soaring in recent years. Profit from additional features by authenticating your Admin account. First to market is important. Following global financial and economic crisis in 2019, production of chemical grews strongly until 2012. 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. (Flanders Investment and Trade), #25. Each feedstock offers a different composition of hydrocarbons, which means the petrochemical products offer different yields. Petrochemical Production Statistics Q1 2016. 65% of the propylene that is produce … (Krungsri Research), #10. As a Premium user you get access to background information and details about the release of this statistic. Using natural gas to produce ethylene creates an 80/20 ratio for ethylene and other products. Global liquid fuels. 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. Most xylene, however, is used to produce polyester or PET. In 2017, total refining capacity within the U.S. increased by 300,000 barrels per day. The report provides analysis on Ammonia, Benzene, Ethylene, High density polyethylene capacity, Low density polyethylene capacity, Methanol, Polyethylene terephthalate, Polypropylene, Propylene, Polystyrene, Polyethylene, Polyvinyl chloride, and Urea. Western Europe Production stats Q1 2016 for ethylene, propylene and butadiene increased by an average 12% vs Q1 2015. This statistic is not included in your account. (Statista), #20. facts. A major part is constituted by the plastics (polymer) industry • Plastics production ramped up from 1.5 Mio. The petrochemical industry (a segment of the global chemicals business) has entered a transition phase, with a large degree of expansion forecast between 2012 and 2022, reports Visiongain.Competition from Middle Eastern market players is also expected to fuel this change, particularly when coupled with the impact of the Eurozone crisis. The market report titled “Synthetic and Bio Based Polypropylene Market – Global Industry Perspective, Comprehensive Analysis and Forecast 2020-2026” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global Synthetic and Bio Based Polypropylene Market market. ... associate editor for European Gas Daily, discuss the role of Italy and Spain in the global LNG market, in the light of the strengthening role of the US as an LNG exporter. Below are descriptions for each report: (Flanders Investment and Trade), #27. From 2012-2017, the petrochemical industry saw significant revenue reductions as crude oil prices bottomed out. Research Methodology: Global Petrochemicals Market. • Continuous growth for more than 50 years. ** Forecast. (Krungsri Research), #13. NE Asia and NE Europe both use naphtha as feedstock most often, accounting for about 80% of the regional feedstock. To download the full table of contents, click on the World Analysis you are interested in. After decades of stagnation and decline, the United States has re-emerged as a low-cost location for chemicals production thanks to the shale gas revolution, and is now home to around 40% of the global ethane-based petrochemical production capacity. Gas production increased at a steady pace for the third year in a row (+4% in 2019), spurred by the USA and Russia. The petrochemical industry continues to be impacted by the globalization and integration of the world economy. (Krungsri Research), #9. Petrochemical Market is systematic exploration that delivers key statistics on the market status of the development trends, competitive landscape analysis, and key regions development status. Interesting Malaysia Petrochemical Industry Statistics #1. Using naphtha returns a 30/70 yield for ethylene. The World Analysis comes in either a full, abbreviated or data-only version depending on the chemical. The global active pharmaceutical ingredients market was valued at USD 165.74 billion in 2018 and is estimated to reach USD 236.7 billion in 2024, witnessing a CAGR of 6.1%. The market data is analyzed and forecasted using market statistical and coherent models. Polyethylene is the most common plastic polymer produced by the petrochemical industry. The global petrochemical industry is heading into the second half of 2019 caught in a whirlwind of volatile crude oil prices, ongoing trade disputes and geopolitical tensions. 65% of the propylene that is produce each year comes from LPG, coal, and naphtha. (International Energy Agency), #2. (Krungsri Research) #11. Global Basic Petrochemical Industry research report 2020 provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector. It is produced by the petrochemical industry through chloride or ethylene. Basic Petrochemical Industry 2020 Global Market research report studies the latest Basic Petrochemical industry aspects market size, share, trends, Opportunities and Strategies To Boost Growth, business overview, revenue, demand, marketplace expanding, technological innovations, recent development, and Basic Petrochemical industry scenario during the forecast period (2020-2025). Under the third five-year plan, two special economic zones, Mahshahr and Assaluyeh, both located on the northern coast of the Persian Gulf, were introduced as the major hubs of the industry. The petrochemical industry may have a stable profile, but they have a product that is based on a volatile commodity. The petrochemical industry continues to be impacted by the globalization and integration of the world economy. The GCC accounts for about 6.6% of global chemical production capacity and grew at 8.3% CAGR between 2007-2017. The USA, the largest gas producer, accounted for over half of the 2019 global increase, followed by Russia, Australia, China and Iran. The global petrochemical sector continues to expand exponentially as developing nations’ demand for petrochemical/chemical products continues to increase. and over 1 Mio. In the petrochemical industry as a whole, about 810,000 people have direct employment opportunities, though this is about 20% lower than what it was in the 1990s. Energy use as feedstock for the petrochemical industry grew at 2.3% over this same time period. China has continued to gain market share since 2009 to the detriment of Europe. Photo: China Photos, Getty Images. 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 … Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook (Statista), #18. According to economic survey 2004-05 production of major petrochemicals in 2003-04 increased by 6.9% and reached a level of 7,006 thousand tonnes. Global share of petrochemical feedstock types by region 2017. In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers, and the unit price that they offer in various regions from 2015 to 2020. Several factors influencing world petrochemicals are the following: Economies of scale. It consists of two statistics reports: AFPM Petrochemical Surveys; and Production & Inventory Statistics and Selected Petrochemical Statistics, U.S. Trade Data (PSR). dollars)." About 20% of benzene is used to produce cumene, which is a staple of the packaging industry. (February 9, 2020). The publication “Chemicals & Petrochemicals Statistics at a Glance” is ... information on the chemical & petrochemical sector in respect of India and world as well. About 11 million tons of polystyrene are produced each year, which is used by severe industries as a downstream aromatic hydrocarbon. Then you can access your favorite statistics via the star in the header. 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. Even in Europe, thought to be disadvantagedcompaniesare pursuing investments in new capacity. (Macquarie Research), #8. #29. Projection of production, capacity & export of chemicals for 2019-2025 ... views, analysis, trends, technology updates and interviews with prominent leaders in the chemical and petrochemical space. Production fell in 2008 and further in 2009 to a level of 197 million tonnes. 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. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Research Lead covering energy, environment, chemicals & resources, Profit from additional features with an Employee Account. New, Figures and insights about the advertising and media world, Industry Outlook Agenda: State of the Industry In 2015 global plastic’s production grew by 3.4% compared to 2014. The production of chemicals hazardous to health in the EU was 222.6 million tonnes in 2018. (Flanders Investment and Trade), #22. The report provides analysis on Ammonia, Benzene, Ethylene, High density polyethylene capacity, Low density polyethylene capacity, Methanol, Polyethylene terephthalate, Polypropylene, Propylene, Polystyrene, Polyethylene, Polyvinyl chloride, and Urea. Aromatic carbons are produced from naphtha, with almost 70% of xylene coming from oil refineries. You only have access to basic statistics. This statistic was assembled using more than one edition of the report. (International Energy Agency), #4. Aug. 14 2019 — The global petrochemical industry is heading into the second half of 2019 caught in a whirlwind of volatile crude oil prices, ongoing trade disputes and geopolitical tensions. You need at least a Single Account to use this feature. 8.5 million tons of ethylene equivalent consumed in China each year comes from the Middle East. In 2018, the global market value of petrochemicals was 539 billion U.S. dollars, and is forecast to increase to 651.1 billion U.S. dollars by 2027. A large number of global chemical companies are now expanding or building facilities in the region. Crude oil prices typically need to be in the $50 per barrel range for most producers to find their breakeven point. Grand View Research. About 97% of the methyl ether that is produced in China is used as fuel and is treated as a replacement for LPG or coal. In conjunction with this volume growth, value creation has also risen at a 4 percent compound annual growth rate since 2005. State of the Global Petrochemical Industry IHS Asia Chemical Conference Singapore September 3–4, 2014 Mark Eramo Vice President, Chemical Insights IHS Chemical Houston, TX mark.eramo@ihs.com . There are 196 petroleum refineries in China, offering an average capacity of 3.65 million tons per year per refinery. The remainder of that time period had the industry on solid ground. Another 8.3 million tons comes from the APAC region. Trade access is also key. Capacity is expected to rise 5% globally, with 70% of the products produced going to the packaging industry. • Compound Annual Growth Rate (CAGR) from 1950 to 2015 is about 8.6%. The November Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. For each manufacturer covered, this report analyzes their Petrochemical manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market. 20% was dedicated to propylene, while 18% was dedicated to methanol. Asia held a 61% market share. Most of the declines in the average revenues from the industry occurred in late 2014 and throughout 2015. 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