Petrochemical Market Research
Petrochemicals are chemical products derived from petroleum. The petrochemical industry plays an integral role in the manufacturing and consuming sectors. The industry, which produces chemicals with the use of oil and natural gas as major raw materials, consists of two major divisions, primary and secondary.
The primary petrochemical industry makes basic chemicals such as ethylene, usually from gas or oil. Secondary petrochemical industries transform basic petrochemicals into certain materials that can be used directly by other industries. The major raw materials (oil and natural gas) contain primarily of hydrocarbons, and such petrochemicals contain carbon or hydrogen or both. Petrochemicals can be modified into different industrial and consumer products, which include paint, plastic, rubber, detergents, dyes, fertilizers, textiles, and even solvents.
Research reveals that the global petrochemical industry has witnessed an eight per cent growth in the last one year, and the future of this industry looks promising as well.
The Petrochemical market research reports incorporate trend analysis, statistics, market size information, industry growth rates, as well as market share of competitors. The comprehensive research also goes on to examine details such as technology & systems and domestic & international markets.
The study is an essential resource for top-level data and analysis covering the petrochemical industry. It includes detailed data on market size and segmentation, comprehensive analysis of the key trends and competitive landscape, and profiles of the leading companies.