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

Report Code: PMI512323 | Publish Date: March 2024 | No. of Pages: 168

Petrochemical Feedstock Market Overview

Introduction:

Petrochemical feedstock are chemical feedstock which are derived from refined petroleum fraction for use in manufacturing of plastics, synthetic rubber and chemicals. Fossil fuels such as crude oil, coal, natural gas and natural gas liquids are the examples of petrochemical feedstock.

Rapidly growing population and rising demand for fertilizers, plastics and other products has contributed in market growth. Technological advancement has further driven the market growth. Wide variety of applications and advanced industrial sector is expected to boost the market growth over the forecast period.

Petrochemical Feedstock Market Dynamics

Growing demand for petrochemical product to fuel market growth

Growing demand for petrochemical products has become a leading factor in market growth. Petrochemicals is a crucial driver in industrial sector manipulating almost every sphere of life. They are prepared either from steam cracking of paraffin present in natural gas or from naphtha fraction of crude oil. Petrochemicals are widely classified into three main subsidiaries— aromatics, olefins, and methanol. Products made from petrochemicals include such as plastics, soaps and detergents, solvents, drugs, synthetic fiber and rubbers etc., which are in demand and in turn facilitate the market growth. Petrochemical feedstock such as Olefins have been lightened in market from last decade. However, growing population, rising demand for petrochemical products from growing industries is expected to foster the Petrochemical Feedstock market growth over the forecast period.

Restrains:

However, stringent rules and regulations regarding environmental concern has restrain the Petrochemical Feedstock Market growth. Disruption in trade & supply chain has hampered the demand for market growth. Additionally, growing shift towards the development of the bio-based chemicals is another key factor expected to restrain the growth of the Petrochemical Feedstock market over the forecast period.

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Petrochemical Feedstock Market Segmentation

Petrochemical Feedstock Market is segmented based on Type and Region.

Type Insight

On the basis of Type, Petrochemical Feedstock Market is segmented into Natural Gas, Naphtha, Ethane, Coal. Naphtha type segment is expected to dominate the target market growth as it has become the largest feedstock of petrochemicals across globe which is followed by coal, natural gas and ethane.

Regional Insights:

On region the Petrochemical Feedstock Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period as it has become the highest producer of petrol. Ethane and other natural gas are used by petrochemical companies of United States which has driven market growth. Further, the development of innovative technologies in production of petrochemical feedstock is anticipated to increase demand for Petrochemical Feedstock in the region.

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Report Scope:

Attribute	Details
Base year for estimation	2022
Forecast period	2022 – 2032
Market representation	Revenue in USD Billion & CAGR from 2022 to 2032
Market Segmentation	By Type - Natural Gas, Naphtha, Ethane, Coal
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Petrochemical Feedstock Market report based on Type and Region:

Petrochemical Feedstock Market, By Type:

Natural Gas
Naphtha
Ethane
Coal

Petrochemical Feedstock Market, By Region:

- - North America
    - - U.S.
      - Canada
  - Europe
    - - Germany
      - UK
      - France
      - Russia
      - Italy
      - Rest of Europe
  - Asia Pacific
    - - China
      - India
      - Japan
      - South Korea
      - Rest of Asia Pacific
  - Latin America
    - - Brazil
      - Mexico
      - Rest of Latin America
  - Middle East & Africa
    - - GCC
      - Israel
      - South Africa
      - Rest of Middle East & Africa

Petrochemical Feedstock Market Key Players

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

Petrochemical Feedstock Market Key Issues Addressed

Recent Development:

In December 2022, The Saudi Arabian Oil Company (Aramco) and TotalEnergies has partnered to build up new petrochemical complex in Saudi Arabia. The ‘Amiral’ complex will be integrated with SATORP refinery in Jubail on eastern coast of Saudi Arabia. New petrochemical complex will able to produce advanced chemicals with high value chain in market.
In November 2022, Chennai-based MPL (Manali Petrochemicals) acquired UK-based Penn Globe a market leader in chemical products and foam control agents. MPL acquired Penn Globe for GBP (British Pound Sterling) 21 million. This acquisition will strengthen the position of MPL in petrochemical market.
In June 2022, Honeywell launched new technology ‘Honeywell UOP Ecofining’ for production of renewable naphtha or bio-naphtha with reduction in carbon dioxide footprint. The new launched solution can able to produce high yield and quality-based naphtha from feedstock like animal fats and used cooking oil for use as petrochemical feedstock.

Petrochemical Feedstock Market Company Profile

BASF SE*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies

ExxonMobil Chemical
SABIC
Dow Chemical
Reliance
Sumitomo Chemical
INEOS
Chevron
LyondellBasell Industries
Formosa Plastics Corporation

“*” marked represents similar segmentation in other categories in the respective section

Petrochemical Feedstock Market Table of Contents

Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
  - Primary Interviews
  - Primary Breakdown
  - Key data from Primary Sources
  - Key Thickness Insights
- Secondary Data
  - Major Secondary Sources
  - Secondary Sources
- Market Estimation
- Top-Down Approach
  - Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
  - Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
  - Key Questions this Study will Answer
  - Market Snippet, By Type
  - Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restrains
  - Market Opportunities
  - Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Petrochemical Feedstock Market, By Type
- Overview
  - Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
  - Y-o-Y Growth Analysis (%), 2022 – 2032
  - Segment Trends
- Natural Gas
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Naphtha
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Ethane
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Coal
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Petrochemical Feedstock Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
  - Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
  - Y-o-Y Growth Analysis (%), 2022 – 2032
  - Regional Trends
- North America
  - Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
    - U.S.
    - Canada
- Europe
  - Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
    - UK
    - France
    - Germany
    - Russia
    - Italy
    - Rest of Europe
- Asia Pacific
  - Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
    - India
    - Japan
    - South Korea
    - China
    - Rest of Asia Pacific

- Latin America
  - Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- - - Brazil
    - Mexico
    - Rest of Latin America
- Middle East & Africa
  - Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
  - Market Size and Forecast (US$ Bn), By Country, 2022 – 2032

- - - GCC
    - Israel
    - South Africa
    - Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles

BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
ExxonMobil Chemical
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies

SABIC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Dow Chemical
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Reliance
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Sumitomo Chemical
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
INEOS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Chevron
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
LyondellBasell Industries
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Formosa Plastics Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies

The Last Word
- Future Impact
- About Us
- Contact

FAQs

What is the scope of the Petrochemical Feedstock Market research report?

The Petrochemical Feedstock Market is segmented into Type and Region.

What are the growing factors related with the Petrochemical Feedstock Market growth?

Petrochemical Feedstock Market is driven by factors like growing demand for petrochemical product.

What are the regions considered in the report & which region will dominate the Petrochemical Feedstock Market?

By region, the Petrochemical Feedstock Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

What are the leading Key players in the Petrochemical Feedstock Market?

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