The global petrochemical capacity was 2,285.1 mtpa in 2021. The market is expected to grow at a CAGR of more than 35% during the forecast period. Among regions, Asia leads with the largest capacity contribution globally over the upcoming years, followed by North America and Europe.
Global petrochemical market overview
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What are the some of the key planned and announced petrochemical plants?
Some of the key planned and announced petrochemical plants are the Sherwood Energy Maysky Methanol Plant, Reliance Industries Jamnagar Styrene-Butadiene Rubber (SBR) Plant, Shandong Yulong Petrochemical Longkou Ethylene Plant 2, Reliance Industries Jamnagar Polypropylene Plant 3, Zhejiang Petrochemical Daishan Xylene Plant 2, Reliance Industries Jamnagar Ethylene Glycol (EG) Plant 2, Gazprom Yamal Methanol Plant, Reliance Industries Jamnagar Methanol Plant, Sinochem Quanzhou Petrochemical Quanzhou Ethylene Plant 2, Brass Fertilizer & Petrochemical Company Brass Methanol Plant, Shandong Yulong Petrochemical Longkou Ethylene Plant 1, and Sinopec Oilfield Service Corporation Yizheng Purified Terephthalic Acid (PTA) Plant 3.
Which are the key regions in the global petrochemical market?
The key regions in the global petrochemical market are Asia, North America, Europe, Middle East, Former Soviet Union, South America, Africa, Caribbean, and Oceania. Asia has the highest capacity contribution globally, followed by North America, Europe, Middle East, Former Soviet Union, South America, Africa, Caribbean, and Oceania.
Global petrochemical market, by key regions
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Which are the key countries in the global petrochemical market?
The key countries in the global petrochemical market are China, US, India, South Korea, Saudi Arabia, Japan, Russia, Iran, Germany, and Taiwan. Among the key countries, China led with the largest capacity contribution globally, followed by the US and India.
Global petrochemical market, by key countries
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Which are the key commodities in the global petrochemical market?
The key commodities in the global petrochemical market are ammonia, urea, ethylene, methanol, propylene, polyethylene, purified terephthalic acid (PTA), polypropylene, and xylenes. Among them ammonia has the highest capacity, followed by propylene, polyethylene, purified terephthalic acid (PTA), then polypropylene, and then xylenes.
Global petrochemical market, by commodities
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Which are the key companies in the global petrochemical market?
The key companies in the global petrochemical market are Reliance Industries Ltd, Haldia Petrochemicals Ltd, China Petrochemical Corp, The National Petrochemical Co, Indian Oil Corp Ltd, Tianjin Bohai Chemical Industry Co Ltd, Oriental Energy Co Ltd, Zhejiang Rongsheng Holding Group Co Ltd, and Shandong Yulong Petrochemical Ltd.
Global petrochemical market, by key companies
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Market report scope
| Market size 2021 | 2,285.1 mtpa |
| CAGR | >35% |
| Forecast period | 2022-2030 |
| Key regions | Asia, North America, Europe, Middle East, Former Soviet Union, South America, Africa, Caribbean, and Oceania |
| Key countries | China, US, India, South Korea, Saudi Arabia, Japan, Russia, Iran, Germany, and Taiwan |
| Key commodities | Ammonia, Urea, Ethylene, Methanol, Propylene, Polyethylene, Purified Terephthalic Acid (PTA), Polypropylene, and Xylenes |
| Key companies | Reliance Industries Ltd, Haldia Petrochemicals Ltd, China Petrochemical Corp, The National Petrochemical Co, Indian Oil Corp Ltd, Tianjin Bohai Chemical Industry Co Ltd, Oriental Energy Co Ltd, Zhejiang Rongsheng Holding Group Co Ltd, and Shandong Yulong Petrochemical Ltd |
Scope
- Global petrochemical capacity is poised to see considerable growth over the upcoming years. Around 1944, planned and announced plants are slated to come online by 2030, primarily in Asia and the Middle East. Reliance Industries Ltd, Haldia Petrochemicals Ltd, and China Petrochemical Corp are the top three companies by planned and announced capacity additions globally over the upcoming years.
- Global petrochemicals capacity outlook by region
- Petrochemicals planned and announced plants details
- Global petrochemicals capacity by commodity
- Capacity share of the major petrochemicals producers globally
- Global petrochemicals capital expenditure outlook by region
Reasons to Buy
- Understand key trends in the global petrochemicals industry
- Identify opportunities in the global petrochemicals industry with the help of upcoming plants and capital expenditure outlook
- Understand the current and likely future competitive scenario
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The global petrochemical market size was valued at 2,285.1 mtpa in 2021.
The global petrochemical market is expected to grow at a CAGR of more than 35% during the period 2021 to 2030.
China, US, India, South Korea, Saudi Arabia, Japan, Russia, Iran, Germany, and Taiwan are the key countries in the global petrochemical market.
Asia, North America, Europe, Middle East, Former Soviet Union, South America, Africa, Caribbean, and Oceania are the key regions in the global petrochemical market.
Ammonia, urea, ethylene, methanol, propylene, polyethylene, purified terephthalic acid (PTA), polypropylene, and xylenes are the key commodities in the global petrochemical market.
Reliance Industries Ltd, Haldia Petrochemicals Ltd, China Petrochemical Corp, The National Petrochemical Co, Indian Oil Corp Ltd, Tianjin Bohai Chemical Industry Co Ltd, Oriental Energy Co Ltd, Zhejiang Rongsheng Holding Group Co Ltd, and Shandong Yulong Petrochemical Ltd are the key companies in the global petrochemical market.
