U.S. Markets closed

Growth Opportunities for the Global Basic Petrochemical Market

NEW YORK, April 3, 2017 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2021 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)

Read the full report: http://www.reportlinker.com/p04804602/Growth-Opportunities-for-the-Global-Basic-Petrochemical-Market.html

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.

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 shipment
- Regional 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?

Methodology
This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.

Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the intermediary and derivatives companies in global basic petrochemical industry are Dow Chemicals, Saudi Basic Industries Corporation and others.
Read the full report: http://www.reportlinker.com/p04804602/Growth-Opportunities-for-the-Global-Basic-Petrochemical-Market.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-opportunities-for-the-global-basic-petrochemical-market-300433803.html