DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Petrochemicals Market Analysis By Product (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Vinyls, Styrene, Methanol) By Region (North America, Europe, China, Middle East, Africa, Latin America) And Segment Forecasts, 2014 - 2025" report to their offering.
The global petrochemicals market is expected to reach USD 958.8 billion by 2025. Increasing shale gas exploration coupled with abundant availability of cheap indigenous crude oil in Middle East & Africa is projected to drive demand.
Increasing demand for petrochemical products from end-use industries such as automotive, construction, textile, electronics, and pharmaceutical is expected to foster consumption. Government support and favorable policies in Asia Pacific countries such as China and India are anticipated to promote industry growth.
Infrastructure development coupled with transportation industry growth in BRICS nation is likely to propel demand. New capacity additions in Middle Eastern countries such as UAE and Saudi Arabia along with low feedstock prices is expected to positively impact supply demand scenario.
Advent of technologies such as fluid catalytic cracking and residuum crackingis anticipated to promote the usage of bio-based raw materials. Commercialization of renewable sources such as corn and lignin is projected to capture market share and adversely impact industry growth.
Ethylene was the dominant product segment and accounted for over 25% of the overall revenue in 2015. Increasing use of polyethylene in the packaging industry is projected to drive demand for ethylene.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Market Variables, Trends & Scope
4 Petrochemicals Market: Product Estimates & Trend Analysis
5 Petrochemicals Market: Regional Estimates & Trend Analysis
6 Competitive Landscape
7 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/7xgbt2/petrochemicals