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Report Overview
The global petrochemicals market stood at a value of around USD 541.56 Billion in 2024. The market is further expected to grow at a CAGR of 6.70% in the forecast period of 2025-2034 to attain a value of around USD 1035.84 Billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Industry Players in the Global Petrochemicals Market
The report gives a detailed analysis of the following key players in the global petrochemicals market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BASF SE
- BP Plc
- Chevron Phillips Chemical Company LLC
- China National Petroleum Corporation (CNPC)
- INEOS Group Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Petrochemicals Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of nearly USD 541.56 Billion.
The market is projected to grow at a CAGR of 6.70% between 2025 and 2034.
The major market drivers are the growing demand for ethylene and propylene in the packaging and transportation sectors, surging investments by governments to develop public infrastructure, and the increasing manufacturing of everyday appliances such as CD players, radios, computers, and televisions.
The key trends fuelling the market growth include the surging demand for petrochemicals in the construction and automotive sectors and the increasing plastic production activities.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Ethylene, propylene, butadiene, benzene, xylene, toluene, and methanol are the significant products considered in the market report.
The major players in the market are BASF SE, BP Plc, Chevron Phillips Chemical Company LLC, China National Petroleum Corporation (CNPC), and INEOS Group Ltd., among others.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 1035.84 Billion by 2034.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124