Global Petrochemicals Market Size & Outlook, 2022-2030
Global petrochemicals market, 2017-2030 (US$M)
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Global petrochemicals market highlights
- The global petrochemicals market generated a revenue of USD 584,501.7 million in 2022 and is expected to reach USD 1,002,453.9 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7% by 2030.
- In terms of segment, ethylene accounted for a revenue of USD 238,116.4 million in 2022.
- Methanol is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 584,501.7 million |
| Market revenue in 2030 | USD 1,002,453.9 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Ethylene |
| Fastest growing segment | Methanol |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ethylene, Propylene, Butadiene, Benzene, Toluene, Methanol, Xylene |
Other key industry trends
- In terms of revenue, the North America accounted for 22.0% of the global petrochemicals market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 48,025.3 million by 2030.
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Petrochemicals Market Scope
Petrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| China National Petroleum Corporation | View profile | 10001+ | Beijing, Beijing, China, Asia | http://www.cnpc.com.cn |
| ExxonMobil | View profile | 10001+ | Irving, Texas, United States, North America | https://corporate.exxonmobil.com |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Global petrochemicals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to petrochemicals market will help companies and investors design strategic landscapes.
Ethylene was the largest segment with a revenue share of 40.74% in 2022. Horizon Databook has segmented the Global petrochemicals market based on ethylene, propylene, butadiene, benzene, toluene, methanol, xylene covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Petrochemicals Product Outlook (Revenue, USD Million, 2017-2030)
- Ethylene
- EDC
- Other (including alpha olefins, vinyl acetate etc)
- Ethyl benzene
- Polyethylene
- Ethylene oxide
- Butadiene
- SB Rubber
- Butadiene rubber
- SB latex
- ABS
- Other (nitrile rubber, mechanical belts etc.)
- Benzene
- Phenol/cumene
- Nitrobenzene
- Cyclohexane
- Other (including alkyl benzene, maleic anhydride)
- Ethyl benzene
- Alkyl benzene
- Toluene
- Others (including pesticides, drugs, nitro toluene etc.)
- Solvents
- TDI
- Methanol
- Gasoline
- Acetic acid
- Dimethyl ether
- Other
- Formaldehyde
- MTBE
- MTO/MTP
- Propylene
- Cumene
- Other
- Polypropylene
- Propylene oxide
- Isopropanol
- Acrylonitrile
- Acrylic acid
- Xylene
- Ethylene
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Horizon Databook provides a detailed overview of global-level data and insights on the Global petrochemicals market , including forecasts for subscribers. This global databook contains high-level insights into Global petrochemicals market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global petrochemicals market size, by regions, 2017-2030 (US$M)
Top 10 countries: Petrochemicals market size, 2022 (US$M)
Global petrochemicals market share, by product, 2022 & 2030 (%, US$M)
Petrochemicals market: Opportunity assessment by country
Global petrochemicals market, by region, 2022 (US$M)
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