Fossil fuels have become the major source of petrochemical feedstock where crude oil, coal, natural gas and natural gas liquids are some examples of petrochemical feedstock. Petrochemical feedstock are classified as methanol, aromatics and olefins.

Presence of major key players and rising focus on petrochemical feedstock byproduct by converting them into detergents, fertilizers, soaps, pesticides, solvent, epoxy resins has contributed in market growth. Technological innovation in production of petrochemical product is expected to provide lucrative opportunities in Petrochemical Feedstock market growth in future.

The report “Petrochemical Feedstock Market, By Type (Natural Gas, Naphtha, Ethane, Coal), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

• In June 2020, HPL (Haldia Petrochemicals Limited) acquired US-based Lummus Technology a leading master licensor of technology in petrochemicals, refining, proprietary catalysts, coal gasification and gas processing sectors. This acquisition has become a landmark achievement for HPL an Indian company and able to strengthen the position in petrochemical market.

Analyst View:

Growing number of industries such as packaging, automotive, electronics and construction utilize petrochemicals which in turn, provides lucrative opportunities in market growth. Advancement in production technologies such as improved cracking process and refining is further expected to fuel the demand for Petrochemical Feedstock market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Petrochemical Feedstock Market, By Type (Natural Gas, Naphtha, Ethane, Coal), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

The Petrochemical Feedstock Market is segmented based on Type and Region.

• Based on Type, Petrochemical Feedstock Market is segmented into Natural Gas, Naphtha, Ethane, Coal.
• By Region, the Petrochemical Feedstock Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Petrochemical Feedstock Market:

The prominent players operating in the Petrochemical Feedstock Market includes, BASF SE, ExxonMobil Chemical, SABIC, Dow Chemical, Reliance, Sumitomo Chemical, INEOS, Chevron, LyondellBasell Industries, Formosa Plastics Corporation and others.

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