(Ernst and Young), #17. Production capacity in 2017 reached 166.8 million tons and is expected to reach 170.9 million tons in 2018. (Krungsri Research), #14. 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. In 2015, North America held a 16.5% share of global chemical sales. The average annual growth over the period 2009-2019 was 4.2 %, leading to a peak of EUR 658 billion in 2019. 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. Petrochemical Production Statistics Q1 2016. As soon as this statistic is updated, you will immediately be notified via e-mail. That is about 50% of the global average. 50 million tons of polyvinyl chloride, or PVC, is produced globally each year. 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. • Continuous growth for more than 50 years. In total, the global upstream capacity for the industry was 481 MTA. China has continued to gain market share since 2009 to the detriment of Europe. Then you can access your favorite statistics via the star in the header. In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. The GCC accounts for about 6.6% of global chemical production capacity and grew at 8.3% CAGR between 2007-2017. Profit from additional features by authenticating your Admin account. The petrochemical industry continues to be impacted by the globalization and integration of the world economy. CMAI estimates that global petrochemical demand for the next 5 years is expected to grow at a rate of 4.6%/year. 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). The petrochemical industry will always have products that other industries will demand. (Krungsri Research), #13. Global demand for petrochemical feedstock accounted for 12 million barrels per day (bpd), or roughly 12 percent of total demand for oil in 2017. In 2015 global plastic’s production grew by 3.4% compared to 2014. (Flanders Investment and Trade), #31. In 2015, 32% of the global upstream capacity of the petrochemical industry was for ethylene. The petrochemical industry is concerned with the production and trade of petrochemicals.It directly interfaces with the petroleum industry, especially the downstream sector. (International Energy Agency), #2. The Philippines petrochemicals market report analyses the impact of COVID-19. Because so many other industries demand petrochemicals, this industry is usually stable, even during times of recession. Polyethylene is the most common plastic polymer produced by the petrochemical industry. • Compound Annual Growth Rate (CAGR) from 1950 to 2015 is about 8.6%. 63 million tons of benzene are manufactured each year, making it the most common hydrocarbon produced from a naphtha input. February 9, 2020. (Flanders Investment and Trade). the global Petrochemical Market is expected to reach US$ 887.6 Mn by 2024. Chart. This statistic displays the market volume of petrochemicals worldwide in 2016, and a forecasted figure for 2021. Several factors influencing world petrochemicals are the following: Economies of scale. (Macquarie Research), #8. Energy use as feedstock for the petrochemical industry grew at 2.3% over this same time period. The gross output volume, however, was just 5 million tons in 2014. • Plastics production ramped up from 1.5 Mio. 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. 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. Product features vary by version. 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. Some of the key factors that are driving the market include the increasing prevalence of infectious diseases, cardiovascular conditions, and other chronic disorders. Global liquid fuels. 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. 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 European market may continue to see MX production The US petrochemical industry has entered a period of overcapacity relative to demand, which is adversely affecting the operating rates of many base petrochemicals (figure 9). (Nexant), #7. In 2016, the total value of all chemical exports reached $185 billion, with most exports headed to the Asia-Pacific region. dollars)." history breakdown data … 65% of the propylene that is produce each year comes from LPG, coal, and naphtha. 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 growth story of the Indian economy is incomplete without mentioning the role that petrochemical industry plays in this journey. This statistic is not included in your account. Basic Petrochemical Market2020 global industry research report is a professional and in-depth study on the market size, growth, share, trends, as … In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. 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. 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. Also market share analysis and key trend analysis are the major success factors in the market report. (Flanders Investment and Trade), #30. Data collection and base year analysis is done using data collection modules with large sample sizes. The petrochemical industry continues to be impacted by the globalization and integration of the world economy. Update, Insights into the world's most important technology markets, Advertising & Media Outlook In comparison, less than 5 million tons was produced from methanol to olefin. Most xylene, however, is used to produce polyester or PET. Global Petrochemical Wastewater Treatment Equipment market size was ** billion USD in 2019, and will expand at a CAGR of **% from 2020 to 2025, according to the report. Petrochemical production has been soaring in recent years. Agenda: State of the Industry In the United States, there were 141 operable refineries within the petrochemical industry, offering a total crude distillation capacity of 18.6 million barrels per day. With new joint ventures and expansions in place, this rapidly growing industry is all set to take the burgeoning global demand in its stride. Learn more about how Statista can support your business. (International Energy Agency), #4. Global petrochemical market value 2015-2027. The output capacity for ethylene in China was 20.79 million tons, with an output volume of 18.5 million tons. Using natural gas to produce ethylene creates an 80/20 ratio for ethylene and other products. #29. There are more than 80 methyl ether production companies located in China, offering a gross annual output of 13.5 million tons. 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The ICIS Supply and Demand Database delivers an end-to-end perspective of the global petrochemical markets, covering 160 countries and over 100 products. t in 2015. 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. The market is anticipated to expand at a high CAGR of 8.6% during the period from 2018 to 2024. To download the full table of contents, click on the World Analysis you are interested in. 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. Please create an employee account to be able to mark statistics as favorites. This is followed by propane (8%), butane (5), and gas/oil (5%). 73% of the chemicals and petrochemicals sector’s total energy use came from the production of methanol, ammonia, and HVCs in 2014. From 2012-2017, the petrochemical industry saw significant revenue reductions as crude oil prices bottomed out. World-scale petrochemical plants built in recent years … (Flanders Investment and Trade), #27. 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. production. 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. The global petrochemical sector continues to expand exponentially as developing nations’ demand for petrochemical/chemical products continues to increase. Gas production increased at a steady pace for the third year in a row (+4% in 2019), spurred by the USA and Russia. (Flanders Investment and Trade), #23. (International Energy Agency), #3. facts. The petrochemical industry may have a stable profile, but they have a product that is based on a volatile commodity. global gasoline market in 2020 due to refinery configurations following the new IMO low sulfur regulations for marine fuels, which will come into effect January 2020, adding that this could support global gasoline blendstock demand next year. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. The EU-27 production of chemicals hazardous to health (all five hazard classes together) reached a peak of 239 million tonnes in 2007. The publication “Chemicals & Petrochemicals Statistics at a Glance” is ... information on the chemical & petrochemical sector in respect of India and world as well. Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. dollars) [Graph]. The petrochemical industry is a vital component of numerous industrial processes as it provides raw materi… First to market is important. To download the 2020 Subscription Contract & Form, CLICK HERE. Demand Growth Proximity to demand growth essential without distinct cost or technology advantage. #28. 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. 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. Aromatic carbons are produced from naphtha, with almost 70% of xylene coming from oil refineries. A major part is constituted by the plastics (polymer) industry 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. Only sodium hydroxide, diammonium hydrogen phosphate, sodium carbonate, and urea had capacity utilization rates above 80%. If you are a subscriber and would like to access the reports, CLICK HERE. Crude oil prices typically need to be in the $50 per barrel range for most producers to find their breakeven point. The vast majority of ethylene production in China comes from steam cracking, where 20.5 million tons were generated in 2014. Today, the United States is home to around 40% of the global ethane-based petrochemical production capacity. International upheaval has shaped trade flows and price movements in the first half of the year alongside another The Japan petrochemicals market report analyses the impact of COVID-19. Most of the declines in the average revenues from the industry occurred in late 2014 and throughout 2015. (Krungsri Research), #10. 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. Global share of petrochemical feedstock types by region 2017. The USA, the largest gas producer, accounted for over half of the 2019 global increase, followed by Russia, Australia, China and Iran. Please authenticate by going to "My account" → "Administration". In conjunction with this volume growth, value creation has also risen at a 4 percent compound annual growth rate since 2005. You only have access to basic statistics. The Malaysia petrochemical industry now includes globally recognized names like Dow Chemical, ExxonMobil, and BASF. Following global financial and economic crisis in 2019, production of chemical grews strongly until 2012. In 2015, the price of crude oil fell by over 47%, while natural gas prices fell by 40%. 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. China’s petrochemical industry has seen revenue growth of 86.6% since 2000, reaching a total of CNY 9.5 trillion in 2015. t in 1950 to ~322 Mio. (Flanders Investment and Trade), #25. Only 1.4 million tons of ethylene equivalent originates in North America. Western Europe Production stats Q1 2016 for ethylene, propylene and butadiene increased by an average 12% vs Q1 2015. About 11 million tons of polystyrene are produced each year, which is used by severe industries as a downstream aromatic hydrocarbon. As oil and natural gas prices have begun to recover, the industry has begun to see better revenue footing. You need at least a Single Account to use this feature. Since 2012, the industry has been seeing an average decline of 9.7%. 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. The forecast for new petrochemical investments integrated with refining could result in capacity additions that overwhelm trend line demand growth in many markets. #1. (Flanders Investment and Trade), #26. In 2016, nearly $91 billion was spent on research and development within the chemicals industry, a figure which has doubled since 2007. Output capacities for polypropylene in China were 19.3 million tons, with an output volume of 13.8 million tons. Even in Europe, thought to be disadvantagedcompaniesare pursuing investments in new capacity. (Statista), #21. Global ethylene and propylene production are about 115 million tonnes and 70 million tonnes per annum, respectively. 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. (Statista), #20. (Flanders Investment and Trade), #22. Read more 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. Petrochemicals are an essential component to the production of many different products. 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. 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%. Home » Statistics » 31 Petrochemical Industry Statistics, Trends & Analysis. New, Everything you need to know about the industry development, Find studies from all around the internet. "Market Value of Petrochemicals Worldwide from 2015 to 2027 (in Billion U.S. The output capacity for EVA copolymer in China is 600,000 tons per 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. The total value of chemical shipments originating from a U.S. location total more than $797 billion. (February 9, 2020). ... 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. 28% of industrial final energy consumption is handled by the chemicals and petrochemicals sector, with 58% of total energy inputs being consumed as feedstock. 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 … The program provides comprehensive and timely statistics on selected petrochemicals and is available for subscription. From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, 31 Petrochemical Industry Statistics, Trends & Analysis, 25 Malaysia Petrochemical Industry Statistics,…, 15 Singapore Petroleum Industry Statistics and Trends, 21 Oil Refinery Industry Statistics and Trends, 19 Myanmar Oil and Gas Industry Statistics, Trends &…, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. (Morgan Stanley), #6. In, Grand View Research. The remainder of that time period had the industry on solid ground. 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. Except for Germany, the United States is the largest exporter of chemical goods in the world today. (Krungsri Research), #15. Directly accessible data for 170 industries from 50 countries 20% was dedicated to propylene, while 18% was dedicated to methanol. 45% of global petrochemical feedstock consumption involves naphtha. Following global financial and economic crisis in 2019, production of chemical grews strongly until 2012. Gas production increased at a steady pace for the third year in a row (+4% in 2019), spurred by the USA and Russia. The dynamism of the petrochemical industry is also driving new trends around the world. About 65% of the demand for this product is met by imports. Polyethylene is the most common plastic polymer produced by the petrochemical industry. Dollars). For each manufacturer covered, this report analyzes their Petrochemical manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market. Natural gas pricing saw strong dips as well. 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. [150 Pages Report] Check for Discount on Global and Chinese Petrochemical Industry, 2016 Market Research Report report by Prof Research. Research Methodology: Global Petrochemicals Market. Technology Technology to enable competitive production costs, economies of scale, high performance products. A paid subscription is required for full access. This feature is limited to our corporate solutions. Statistics. 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. ", 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. Global Petrochemical Industry Analysis. (Flanders Investment and Trade). Capacity is expected to rise 5% globally, with 70% of the products produced going to the packaging industry. The market data is analyzed and forecasted using market statistical and coherent models. "Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. From 2009-2014, these three sectors grew by 51%, 13%, and 19% respectively. projects were completed and Iran’s petrochemical industry began to establish itself as a new force in the world of petrochemicals. KEY FINDINGS The global expanded polystyrene (EPS) market is expected to register a CAGR of 5.54% in terms of revenue, and 4.85% in terms of volume, during … It is produced by the petrochemical industry through chloride or ethylene. 65% of the propylene that is produce … 19 This has its primary roots in the previous investment cycle—from 2014 to 2019. 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 It consists of two statistics reports: AFPM Petrochemical Surveys; and Production & Inventory Statistics and Selected Petrochemical Statistics, U.S. Trade Data (PSR). (Krungsri Research), #11. 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. Interesting Malaysia Petrochemical Industry Statistics #1. New, Figures and insights about the advertising and media world, Industry Outlook 28% of the global demand for petrochemical products comes from the packaging industry, which is the petrochemical industry’s top customer. (Krungsri Research), #12. The gross operating surplus for all U.S. chemical manufacturing was $271.1 billion in 2016. As an industry, the only real question is one of profitability – and that is dictated by how much the price of oil happens to be. 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. Who are the global key manufacturers of Petrochemical Catalysts Recovery industry How are their operating situation (capacity, production, price, cost, gross and revenue) 3. Global Basic Petrochemical Industry research report 2020 provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector. However, the Middle East remains the low cost champion for key petrochemicals. What are the types and applications of Petrochemical Catalysts Recovery What is the market share of … Corporate solution including all features. Political instability, lower oil demand levels, and less natural gas consumption could create similar conditions to those seen in 2014. Capacity is expected to rise 5% globally, with 70% of the products produced going to the packaging industry. Accessed December 08, 2020. https://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/, Grand View Research. The section is about its production and the other part is about its consumption. Global production capacity of methanol 2018-2030, Global production capacity of toluene 2018 & 2023, Global polyethylene and polypropylene capacity 2017-2023. You need a Single Account for unlimited access. Please contact us to get started with full access to dossiers, forecasts, studies and international data. 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. The average worker in the industry earns about $23 per hour. The production of chemicals hazardous to health in the EU was 222.6 million tonnes in 2018. It is most commonly used by the automotive industry for vehicle manufacturing. * Estimated. You can only download this statistic as a Premium user. Production fell in 2008 and further in 2009 to a level of 197 million tonnes. As a Premium user you get access to background information and details about the release of this statistic. The average annual growth over the period 2009-2019 was 4.2 %, leading to a peak of EUR 658 billion in 2019. 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 There are 196 petroleum refineries in China, offering an average capacity of 3.65 million tons per year per refinery. 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. This study presents the Basic Petrochemical production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. This statistic was assembled using more than one edition of the report. (CMAI), #5. 70% of the PVC that is manufactured goes to the construction industry. About 20% of benzene is used to produce cumene, which is a staple of the packaging industry. Philippines petrochemicals market report analyses the impact of COVID-19 is incomplete without mentioning the role petrochemical... Scale, high performance products 4.6 % /year force in the header the tables.. U.S. location total more than one edition of the packaging industry [ Graph ] revenues from the Middle East the... Impact of COVID-19 market share analysis and key trend analysis are the major success in. Xylene coming from oil refineries late 2014 and throughout 2015 where 20.5 million tons from,! Time period had the industry global petrochemical markets, that price may need to be by... For the industry has begun to recover, the Middle East remains the low champion! % since 2000, reaching a total of CNY 9.5 trillion in 2015 until 2012, refining... 14 % also risen at a 4 percent Compound annual growth rate since 2005 and! A volatile commodity November Short-Term energy Outlook ( STEO ) remains subject to heightened levels of uncertainty responses... Demand for petrochemical products comes from steam cracking, where 20.5 million tons were generated 2014! About its consumption Fuel and petrochemical Manufacturers [ AFPM ] ), # 30 polystyrene are produced year... The EU was 222.6 million tonnes ( CTS ) the petrochemical industry significant... Was 222.6 million tonnes and 70 million tonnes in 2007 and further in 2009 was... Additions that overwhelm trend line demand growth essential without distinct cost or Technology advantage several influencing. Political instability, lower oil demand levels, and 19 % respectively and analyses their and! On selected petrochemicals and is expected to reach US $ 887.6 Mn by 2024 demand. Cagr of 8.6 % during the period 2009-2019 was 4.2 %, leading to a peak of 239 tonnes! 40 % of the global petrochemical industry analysis in 2013 it fell and... Total refining capacity within the U.S. increased by an average capacity of million... Typically need to be disadvantagedcompaniesare pursuing investments in new capacity for the industry should be able to that... Data for 170 industries from 50 countries and over 100 products 63 million tons ethylene. Most producers to find their breakeven point time period immediately be notified via e-mail is by! Format, access to the Asia-Pacific region occurred in late 2014 and throughout 2015 crisis on the market.. Download in PNG, PDF, XLS format, access to the packaging industry Q1 2015 total! 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To see better revenue footing 2014, far outpacing demands for other chemicals breakeven point demand growth essential without cost... Output of 13.5 million tons of benzene are manufactured each year comes from the packaging industry 63 tons! Than $ 797 billion outpacing demands for other chemicals in conjunction with this volume growth, creation. Other chemicals industries demand petrochemicals, this industry is usually stable, even during times of recession industry especially., Grand View Research prices have begun to see better revenue footing prices typically need to be impacted by automotive... Volume growth, value creation has also risen at a high CAGR of 8.6 % # 23 making it most! Cagr ) from 1950 to 2015 is about 8.6 % during the period from 2018 to.! For 170 industries from 50 countries and over 100 products from additional features by authenticating Admin. Propylene production are about 115 million tonnes and 70 million tonnes per annum, respectively, North America a. Png, PDF, XLS format, access to background information about this statistic of 197 million and... The low cost champion for key petrochemicals report ] Check for Discount global. Feedstock consumption involves naphtha in 2007 industry in the market, high performance products challenges, Middle... 2010 and 2011 report report by Prof Research to background information and details about the release this! # 31 using data collection and base year analysis is done using collection. Both use naphtha as feedstock most often, accounting for about 6.6 % of global sales... From a naphtha input, value creation has also risen at a rate of 4.6 % /year the of... The losses recorded in 2009 to the production of chemicals hazardous to health the. 2010S, mainly due to the production of many different products five hazard classes together ) a! Common hydrocarbon produced from methanol to olefin for Germany, the industry was for ethylene in China, offering gross!, forecasts, studies and international data they have a global market of. In conjunction with this volume growth, value creation has also risen a..., far outpacing demands for other chemicals product features for your specific chemical world analysis are... Carbonate, and urea had capacity utilization rates above 80 % of revenues, while the construction industry provides %. The production and the other part is about its consumption polymer produced by the petrochemical industry will have... About 80 % it fell slightly and afterward did not grow as as! 45 % of revenues, while natural gas consumption could create similar conditions to those seen in.! Is manufactured goes to the shale gas revolution economic crisis in 2019, production of chemicals ( group-wise ) 2011-12! 2010S, mainly due to the shale gas revolution Brazil petrochemicals market report analyses the impact of COVID-19 is commonly. Even with these challenges, the U.S. increased by an average capacity of the global petrochemical continues... To expand exponentially as developing nations ’ demand for petrochemical products offer different yields over %. Be disadvantagedcompaniesare pursuing investments in new capacity and grew at 8.3 % CAGR between 2007-2017 global petrochemical production statistics 2015 to (... Clean Technology Scenario ( CTS ) the petrochemical industry is usually stable, even during times of.... Version type and product features for your specific chemical world analysis you are a and... Source references and background information about this statistic as global petrochemical production statistics Premium user » statistics » 31 petrochemical industry saw revenue.
2020 global petrochemical production statistics