Petrochemical Feedstock Market
Petrochemical Feedstock Market Share & Trends Analysis, By Type (Naphtha, Natural gas, Coal, Ethane) & By Region - Global Market Insights 2020 to 2030
Analysis of Petrochemical Feedstock Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Petrochemical Feedstock Market: Overview and dynamics
A substantial portion of petrochemicals, are derived from fossil fuels such as natural gas and crude oil. The remainder comes primarily from coal and biomass. Petrochemical plants are the building blocks for other processes and products which convert the natural resources to petrochemicals. These plants are increasingly complex and require energy in enormous quantities, specifically the distillation stage which involves separating the hydrocarbons from fossil fuels.
These hydrocarbons are then sent to the "crackers" plants which convert them into useful chemicals called Feedstocks. Petrochemical plants are the powerhouses that cover petrochemicals for natural resources and are used as building blocks for other processes and products. Petrochemical feedstock refers to any kind of unprocessed material used as a raw material for transformation to another end product in a manufacturing process.
Petrochemical feedstocks are derived from the refining process of petroleum which are used for the manufacturing of chemicals, synthetic rubber and a wide variety of plastics. Petrochemical Feedstocks are classified as olefins (including ethylene and propylene) and aromatics (including benzene, toluene and xylene isomers) and methanol.
Naphtha was the largest feedstock of petrochemicals used globally, followed by natural gas, coal, and ethane. The chemicals after refining (including ethylene, propylene, benzene, toluene, and xylene isomers) are produced and are led to form many by-products in the refining process. These industries are now focusing on by-products of petrochemical feedstocks and converting them into useful products like soaps, detergents, solvents, fertilizers, drugs, pesticides, epoxy resins etc.
Technical advancements is helping the industry to get more chemicals from the petrochemical feedstocks. The US petrochemical industry is undergoing rapid changes and the future of the industry is influenced by shifts in end-use market demand, changes in feedstock dynamics, and overcapacity. There seems to be a steady but probably massive improvement in the world petrochemical industry. Many factors in the end of the upstream petroleum and gas industries alter the way they add and use the capacities of basic chemicals.
Petrochemical feedstocks are also used for the manufacturing of Industrial and household products like soaps, detergents, solvents, fertilizers, Drugs, pesticides and epoxy resins, etc. The global markets of petrochemical feedstocks are likely to increase in the upcoming forecast period because of its applications and advancements.
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Petrochemical Feedstocks Market: Regional Outlook
North America is the highest producer of petrol followed by middle-east and Russia. In regional country markets, Germany is the highest revenue maker from petrochemicals followed by the United States, because of the rapid development of industries and products from petrochemicals. Being highly advanced in the industrial sector, the European base oil refining industry increasing its revenues followed by North America. The rising demand for petroleum by-products resulted to increase in the market of petrochemical feedstock.
In the United States, natural gas liquids (NGL), in particular ethane, account for about 90% of US petrochemical feedstock production, due to the relative abundance of light oil and natural gas. In addition to that, naphtha is a petrochemical feedstock, which accounts for around 70% of European and Asian production of petrochemical feedstock. As the petrochemical companies of the United States use ethane and other natural gas coproduced LNG feedstocks, ethane prices are associated with prices of natural gas.
Since oil is sold on the international market, the prices are more or less the same, vary depending only on quality and access to infrastructure in all countries. Nonetheless, the regional gas markets are however regional in nature. In other words, North America's natural gas price mainly affects producers in North America. So the competitive benefit of US petrochemicals is that natural gas prices are low in contrast to international oil prices.
Besides rising upstream supply, petrochemical feeder prices tend to be affected significantly by refinery operations, which indicate that a global energy value chain is increasingly interrelated. In addition, productivity is influenced by competition between feedstocks. These factors are responsible for the development of the overall market for petrochemical feedstock.
There are only two applications for ethane, one as a petrochemical feedstock and the other as fuel. The refinery by-product naphtha is used by petrochemical companies in Europe and Asia. Moreover, the development of new technologies based on feedstocks is expected to positively impact the supply and provide impetus to the development of petrochemical feedstock market during the forecast period 2020-2030.
Petrochemical Feedstock Market: Key players
Some of the vital players covered in the petrochemical feedstock report are BASF, Dow Chemical, ExxonMobil Chemical, LyondellBasell Industries, INEOS, SABIC, Formosa Plastics Corporation, Sumitomo Chemical, Reliance, and Chevron. Manufacturers are adopting a blend of organic and inorganic strategy so as to improve their global footprint and increase their share of the market in the longer run.
Key players in the petrochemical feedstock market are the driving members in regional and global markets. Based on end-uses, all petrochemical industries are coming with new strategies and increasing their revenue from the target segments in the global markets. For instance, BASF is the German-based petrochemical firm producing new end-products according to the customer use and global trends that will lead to increasing their global revenues from new products.
The research report presents a comprehensive assessment of the petrochemicals feedstocks market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Petrochemical feedstock market report provides analysis and information, according to market segments such as geographies, product type, material type and end-use.
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The Petrochemical Feedstock Market Report Covers Exhaustive Analysis On:
- Petrochemical Feedstock Market Segments
- Petrochemical Feedstock Market Dynamics
- Petrochemical Feedstock Market Size & Demand
- Current Trends/Issues/Challenges
- Petrochemical Feedstock Market Competition & Companies involved
- Technology
- Petrochemical Feedstock Value Chain
The Petrochemical Feedstock Market Regional Analysis Includes:
- North America (U.S., Canada)
- East Asia (China, Japan, South Korea)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The Petrochemical feedstock market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.
The High-Performance films report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Petrochemicals feedstock market report also maps the qualitative impact of various market factors on market segments and geographies.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
The Petrochemical Feedstock Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Segmentation Analysis of Petrochemical Feedstock Market
The global Petrochemical feedstock market is bifurcated into two major segments: feedstock type and region.
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Based on Type, Petrochemical feedstock market is segmented as follows:
- Naphtha
- Natural gas
- Coal
- Ethane
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Based on region, Petrochemical feedstock market is segmented as follows:
- North America
- Europe
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Type
- 7. Global Market Analysis and Forecast, By Type
- 7.1. Naphtha
- 7.2. Natural gas
- 7.3. Coal
- 7.4. Ethane
- 8. Global Market Analysis and Forecast, By Region
- 8.1. North America
- 8.2. Latin America
- 8.3. Western Europe
- 8.4. Eastern Europe
- 8.5. East Asia
- 8.6. South Asia & Pacific
- 8.7. MEA
- 9. North America Sales Analysis and Forecast, by Key Segments and Countries
- 10. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 12. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 14. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 16. Sales Forecast by Type for 30 Countries
- 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 18. Company Profile
- 18.1. ExxonMobil
- 18.2. Royal Dutch Shell
- 18.3. Chevron Corporation
- 18.4. Saudi Aramco
- 18.5. BP Plc
- 18.6. TotalEnergies
- 18.7. Reliance Industries
- 18.8. LyondellBasell Industries
- 18.9. INEOS Group
- 18.10. BASF SE
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Type
Table 3: North America Market US$ Mn Forecast by Country
Table 4: North America Market US$ Mn Forecast by Type
Table 5: Latin America Market US$ Mn Forecast by Country
Table 6: Latin America Market US$ Mn Forecast by Type
Table 7: Western Europe Market US$ Mn Forecast by Country
Table 8: Western Europe Market US$ Mn Forecast by Type
Table 9: Eastern Europe Market US$ Mn Forecast by Country
Table 10: Eastern Europe Market US$ Mn Forecast by Type
Table 11: East Asia Market US$ Mn Forecast by Country
Table 12: East Asia Market US$ Mn Forecast by Type
Table 13: South Asia & Pacific Market US$ Mn Forecast by Country
Table 14: South Asia & Pacific Market US$ Mn Forecast by Type
Table 15: MEA Market US$ Mn Forecast by Country
Table 16: MEA Market US$ Mn Forecast by Type
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 3: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 5: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 6: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 7: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 8: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 10: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 12: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 14: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 15: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 16: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is driving the market for Petrochemical Feedstock currently?
Technical advancements is helping the industry to get more chemicals from the petrochemical feedstocks.
Who are the key players in the Petrochemical Feedstock market?
Some of the vital players covered in the petrochemical feedstock report are BASF, Dow Chemical, ExxonMobil Chemical, LyondellBasell Industries, INEOS, SABIC, Formosa Plastics Corporation, Sumitomo Chemical, Reliance, and Chevron.
Petrochemical Feedstock Market