The future of the global basic petrochemical market looks good with opportunities in construction, transportation, agriculture, textile, industrial, electronics, healthcare and consumer goods industries. The global basic petrochemical industry is expected to reach an estimated $603.2 billion by 2021 and is forecast to grow at a CAGR of 4.9% from 2016 to 2021. The major growth drivers for this market are growing demand for basic petrochemicals in end use industries. Technological innovations aimed at improving manufacturing processes to increase product yield with higher quality are expected to have a positive impact on the petrochemical industry.

Emerging trends, which have a direct impact on the dynamics of the market, include capacity migration to low cost locations and US shale gas boom has renewed competitive advantage to the sector.

A total of 61 figures / charts and 37 tables are provided in this 137-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of basic petrochemical market report, download the report brochure.
Global Basic Petrochemical Industry Trends
Global Basic Petrochemical Industry Forecast
Growth Opportunities for the Global Basic Petrochemical Industry by Region

The study includes a forecast for the global basic petrochemical industry by chemical type, application type, and region, as follows:

Basic petrochemical market by chemical type [Volume (Million Tons) and $ Billion Shipment from 2010 to 2021]:
Ethylene Propylene Butadiene Benzene Toluene Xylene Methanol Ammonia
Basic petrochemical market by application type [Volume (Million Tons) 2015]:
Ethylene market by application Polyethylene Ethylene Oxide Ethylene Dichloride Others Propylene market by application Polypropylene Propylene Oxide Acrylonitrile Others Butadiene market by application Butadiene Rubber Styrene Butadiene Rubber Acrylonitrile Butadiene Styrene Styrene Butadiene Latex Hexamethylenediamine/Adiponitrile Others Benzene market by application Styrene Cumene Cyclohexane Aniline Others Toluene market by application Benzene Xylene Gasoline Blending Toluene Diisocyanates Solvent Others Xylene market by application Para-Xylene Ortho-Xylene Mixed –Xylene & Others Methanol market by application Formaldehyde Methyl Tert-Butyl Ether Fuel Blending Acetic Acid Methanol to Olefins Dimethyl Ether Biodiesel Other Ammonia market by application Fertilizers Polyamides Nitric Acid Others
Basic petrochemical market by region [Volume (Million Pounds) and $ Billion Shipment from 2010 to 2021]:
North America Europe Asia Pacific The Rest of the World
Basic petrochemical companies profiled in this market report include Saudi Basic Industry Corporation, LyondellBasell, Exxon Mobil, and Royal Dutch Shell.

Lucintel predicts that the demand for ethylene is likely to experience the highest growth over the forecast period due to the growth in the polyethylene film for the food and non-food packaging applications.

Ethylene is expected to remain the largest segment due to increasing demand from various end use applications such as packaging and construction.

Asia Pacific is expected to remain the largest region and is expected to witness above average growth over the forecast period due to economic expansion in India and China and increasing usage of chemicals in different sectors, such as healthcare, automotive, construction, and others.

Some of the features of “Growth Opportunities for the Global Basic Petrochemical Industry 2016-2021: Trends, Forecast, and Opportunity Analysis” include:

Market size estimates: Global basic petrochemical market size estimation in terms of value ($B) and volume (Million Tons) shipment.Trend and forecast analysis: Market trend (2010-2015) and forecast (2016-2021) by region and segments.Segmentation analysis: Global basic petrochemical market size by various applications such as chemical, application in terms of value and volume shipmentRegional analysis: Global basic petrochemical market breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of the World.Growth opportunities: Analysis on growth opportunities in different applications and regions.Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global basic petrochemical suppliers. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the basic petrochemical industry by chemical type (ethylene, propylene, butadiene, benzene, toluene, xylene, methanol, and ammonia), application type, and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which product segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of basic petrochemical market ?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and the reasons behind them?
Q.7. What are some changing demands of customers in basic petrochemical market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in basic petrochemical market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years?