Aromatics production is approximately 70 million tonnes. The growth of the market for petrochemicals will be driven by rising demand for downstream products from end-use industries and capacity additions in the base chemical industry State of the Global Petrochemical Industry IHS Asia Chemical Conference Singapore September 3–4, 2014 Mark Eramo Vice President, Chemical Insights IHS Chemical Houston, TX mark.eramo@ihs.com . The report provides analysis on Ammonia, Benzene, Ethylene, High density polyethylene capacity, Low density polyethylene capacity, Methanol, Polyethylene terephthalate, Polypropylene, Propylene, Polystyrene, Polyethylene, Polyvinyl chloride, and Urea. (Flanders Investment and Trade), #27. • Plastics production ramped up from 1.5 Mio. The largest petrochemical industries are located in the USA and Western Europe; however, major growth in new production capacity is in the Middle East and Asia. (Statista), #21. At the same time, many risks are developing that represent potential drags on global growth. This study presents the Basic Petrochemical production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. NE Asia and NE Europe both use naphtha as feedstock most often, accounting for about 80% of the regional feedstock. With new joint ventures and expansions in place, this rapidly growing industry is all set to take the burgeoning global demand in its stride. In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. About 60 businesses are currently active in the industry from a manufacturing standpoint, which supplies about 10,000 direct employment opportunities to the U.S. economy. (Krungsri Research), #13. The global petrochemicals market size was predicted at USD 441.0 billion in 2019 and is anticipated to witness a CAGR of 5.0% over the forecast period. The average worker in the industry earns about $23 per hour. In 2013 it fell slightly and afterward did not grow as strong as in 2010 and 2011. A major part is constituted by the plastics (polymer) industry Who are the global key manufacturers of Petrochemical Catalysts Recovery industry How are their operating situation (capacity, production, price, cost, gross and revenue) 3. Home » Statistics » 31 Petrochemical Industry Statistics, Trends & Analysis. 45% of global petrochemical feedstock consumption involves naphtha. The growth of the market for petrochemicals will be driven by rising demand for downstream products from end-use industries and capacity additions in the base chemical industry. The Clean Technology Scenario (CTS) #29. The gross operating surplus for all U.S. chemical manufacturing was $271.1 billion in 2016. The section is about its production and the other part is about its consumption. This statistic is not included in your account. The demand for isoprene in China has risen by nearly 40% since 2014, far outpacing demands for other chemicals. Data collection and base year analysis is done using data collection modules with large sample sizes. To download the 2020 Subscription Contract & Form, CLICK HERE. The publication “Chemicals & Petrochemicals Statistics at a Glance” is ... information on the chemical & petrochemical sector in respect of India and world as well. The global petrochemical industry is heading into the second half of 2019 caught in a whirlwind of volatile crude oil prices, ongoing trade disputes and geopolitical tensions. The vast majority of ethylene production in China comes from steam cracking, where 20.5 million tons were generated in 2014. Aug. 14 2019 — The global petrochemical industry is heading into the second half of 2019 caught in a whirlwind of volatile crude oil prices, ongoing trade disputes and geopolitical tensions. The global petrochemical industry has experienced more than 15 years of strong volume growth: annual ethylene production has risen from around 100 million metric tons in 2000 to almost 150 million metric tons in 2016. Global demand for petrochemical feedstock accounted for 12 million barrels per day (bpd), or roughly 12 percent of total demand for oil in 2017. The global petrochemicals market size was predicted at USD 441.0 billion in 2019 and is anticipated to witness a CAGR of 5.0% over the forecast period. To meet predicted demand by 2006, the global petrochemical industry will need to add 10.6 million tons/year if operated at 100% capacity and almost 12 million tons at 90% capacity. Register in seconds and access exclusive features. World-scale petrochemical plants built in recent years … (Flanders Investment and Trade). 50 million tons of polyvinyl chloride, or PVC, is produced globally each year. ... associate editor for European Gas Daily, discuss the role of Italy and Spain in the global LNG market, in the light of the strengthening role of the US as an LNG exporter. In 2017, total refining capacity within the U.S. increased by 300,000 barrels per day. The Philippines petrochemicals market report analyses the impact of COVID-19. Only 1.4 million tons of ethylene equivalent originates in North America. Crude oil prices typically need to be in the $50 per barrel range for most producers to find their breakeven point. The GCC accounts for about 6.6% of global chemical production capacity and grew at 8.3% CAGR between 2007-2017. Access new updated reports and statistics for the Petrochemical Industry in the World. About 11 million tons of polystyrene are produced each year, which is used by severe industries as a downstream aromatic hydrocarbon. facts. (American Fuel and Petrochemical Manufacturers [AFPM]), #16. Petrochemical production has been soaring in recent years. • Compound Annual Growth Rate (CAGR) from 1950 to 2015 is about 8.6%. CMAI estimates that global petrochemical demand for the next 5 years is expected to grow at a rate of 4.6%/year. The global SAN Styrene-Acrylonitrile market is analyzed from two aspects. As a Premium user you get access to the detailed source references and background information about this statistic. It consists of two statistics reports: AFPM Petrochemical Surveys; and Production & Inventory Statistics and Selected Petrochemical Statistics, U.S. Trade Data (PSR). (CMAI), #5. The petrochemical industry may have a stable profile, but they have a product that is based on a volatile commodity. In 2015 global plastic’s production grew by 3.4% compared to 2014. China had an output volume of 18.75 million tons, but an equivalent consumption volume of 27.8 million tons, for propylene produced by the petrochemicals industry. (Flanders Investment and Trade), #23. As an industry, the only real question is one of profitability – and that is dictated by how much the price of oil happens to be. In 2015, 32% of the global upstream capacity of the petrochemical industry was for ethylene. The growth story of the Indian economy is incomplete without mentioning the role that petrochemical industry plays in this journey. 65% of the propylene that is produce each year comes from LPG, coal, and naphtha. In some markets, that price may need to be above $60 per barrel. (Flanders Investment and Trade), #24. This statistic was assembled using more than one edition of the report. The dynamism of the petrochemical industry is also driving new trends around the world. * Estimated. The US petrochemical industry has entered a period of overcapacity relative to demand, which is adversely affecting the operating rates of many base petrochemicals (figure 9). Then you will be able to mark statistics as favourites and use personal statistics alerts. KEY FINDINGS The global expanded polystyrene (EPS) market is expected to register a CAGR of 5.54% in terms of revenue, and 4.85% in terms of volume, during … (Krungsri Research), #12. In 2016, nearly $91 billion was spent on research and development within the chemicals industry, a figure which has doubled since 2007. The USA, the largest gas producer, accounted for over half of the 2019 global increase, followed by Russia, Australia, China and Iran. 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Please contact us to get started with full access to dossiers, forecasts, studies and international data. Using naphtha returns a 30/70 yield for ethylene. Petrochemical Market is systematic exploration that delivers key statistics on the market status of the development trends, competitive landscape analysis, and key regions development status. Polyethylene is the most common plastic polymer produced by the petrochemical industry. (Flanders Investment and Trade), #30. Get the latest trends and understand the impact of the crisis on the market. In 2016, the total value of all chemical exports reached $185 billion, with most exports headed to the Asia-Pacific region. There are more than 80 methyl ether production companies located in China, offering a gross annual output of 13.5 million tons. Directly accessible data for 170 industries from 50 countries Expect petrochemicals to have a global market size of $1 trillion by 2028, assuming current trends remain the same. (International Energy Agency), #2. In the petrochemical industry as a whole, about 810,000 people have direct employment opportunities, though this is about 20% lower than what it was in the 1990s. Under the third five-year plan, two special economic zones, Mahshahr and Assaluyeh, both located on the northern coast of the Persian Gulf, were introduced as the major hubs of the industry. Output capacities for polypropylene in China were 19.3 million tons, with an output volume of 13.8 million tons. 19 This has its primary roots in the previous investment cycle—from 2014 to 2019. 70% of the PVC that is manufactured goes to the construction industry. As a Premium user you get access to background information and details about the release of this statistic. A look at global chemical sales over the past ten years (2008-2018) shows: • In 2009, China became the world’s largest chemicals producer for the first time, representing 23.6% of global chemical sales, followed by the EU, accounting for 23.4% of global sales. The report provides analysis on Ammonia, Benzene, Ethylene, High density polyethylene capacity, Low density polyethylene capacity, Methanol, Polyethylene terephthalate, Polypropylene, Propylene, Polystyrene, Polyethylene, Polyvinyl chloride, and Urea. The one major concern of the industry involves fluctuations in the price of oil and gas, as sharp decreases can make dramatic impacts on industry revenues. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The Middle East accounted for the majority of global petrochemical growth between 2000 and 2010, according to IHS Markit, adding 37.4 million tons of production … (Krungsri Research), #9. dollars)." Another 8.3 million tons comes from the APAC region. Because of the growth the industry has seen and the increase in product variety that has been developed, investors have been attracted to the industry for more than a decade. Global Petrochemical Market 2020 by Manufacturers, Type and Application, Forecast to 2025 includes an elaborative summary of the market that provides in-depth knowledge of various different segments of the market. 28% of the global demand for petrochemical products comes from the packaging industry, which is the petrochemical industry’s top customer. Global Petrochemical Wastewater Treatment Equipment market size was ** billion USD in 2019, and will expand at a CAGR of **% from 2020 to 2025, according to the report. Political instability, lower oil demand levels, and less natural gas consumption could create similar conditions to those seen in 2014. Aromatic carbons are produced from naphtha, with almost 70% of xylene coming from oil refineries. (Krungsri Research), #14. Global petrochemical market value 2015-2027. (Krungsri Research) #11. The report has included strong players and analyses their limitations and strong points of the well-known players through SWOT analysis. In comparison, less than 5 million tons was produced from methanol to olefin. Global Petrochemical Industry Analysis. For each manufacturer covered, this report analyzes their Petrochemical manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market. Market value of petrochemicals worldwide from 2015 to 2027 (in billion U.S. dollars) [Graph]. As soon as this statistic is updated, you will immediately be notified via e-mail. However, the Middle East remains the low cost champion for key petrochemicals. Interesting Malaysia Petrochemical Industry Statistics #1. The EU-27 production of chemicals hazardous to health (all five hazard classes together) reached a peak of 239 million tonnes in 2007. The petrochemical industry is concerned with the production and trade of petrochemicals.It directly interfaces with the petroleum industry, especially the downstream sector. 20% was dedicated to propylene, while 18% was dedicated to methanol. The Malaysia petrochemical industry now includes globally recognized names like Dow Chemical, ExxonMobil, and BASF. and over 1 Mio. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Because so many other industries demand petrochemicals, this industry is usually stable, even during times of recession. You need at least a Single Account to use this feature. The gross output volume, however, was just 5 million tons in 2014. Please create an employee account to be able to mark statistics as favorites. You only have access to basic statistics. Except for Germany, the United States is the largest exporter of chemical goods in the world today. The program provides comprehensive and timely statistics on selected petrochemicals and is available for subscription. Health ( all five hazard global petrochemical production statistics together ) reached a level of 7,006 thousand...., global production capacity of toluene 2018 & 2023, global polyethylene and polypropylene capacity 2017-2023 in this journey by. Reached 166.8 million tons in 2018 EU was 222.6 million tonnes per annum,.... Held a 16.5 % share of petrochemical feedstock types by region 2017, less than 5 million comes! If you are interested in oil stood at 66 % in 2014, forecasts, studies and data. 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