Petrochemicals Industry Global Opportunity, Analysis, Size, Share Forecast
The global petrochemicals industry was valued at USD 599.68 billion in 2022. It is projected to grow from USD 649.16 billion in 2024 to USD 900.91 billion by 2032, with a compound annual growth rate (CAGR) of 4.2% over this period.
Petrochemicals are derived from natural gas, crude oil, and coal. The market's growth is driven by the expansion of industries such as electronics, packaging, automotive, and construction, which are expected to increase the demand for petrochemical products.
This information is provided by Fortune Business Insights™ in their research report titled "petrochemicals industry, 2024-2032."
Key Players Mentioned in the Report:
BASF SE (Germany)
LyondellBasell Industries Holdings B.V. (Netherlands)
INEOS (UK)
Shell plc (UK)
SABIC (Saudi Arabia...