Rising Packaging Industry Demand to Embolden Development of Petrochemicals Globally: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Chemicals products which are derived from petroleum are called petrochemicals. The other name for petrochemical is petroleum distillates. Fossil fuels like coal or natural gas and renewable resources like corn or sugarcane can derive the same chemicals components as phytochemicals but still, they are not included in the petrochemicals industry. The market is segmented into propylene, butadiene, Toluene, styrene, xylene, benzene, methanol, ethylene and vinyl. On the basis of region, the market is segmented into North America, Europe, China, Middle East & Africa, and Latin America. Petrochemicals are the end-users of various industries like- automobile, packaging, and construction. The market is fragmented by many multinational corporations. According to the report, “Petrochemicals Market Global Report 2017”, in 2016, with around 66% market share, Asia has been observed to account for the largest region in the petrochemical market. The robust manufacturing industry has led Asia to become the largest market as a major user of petrochemicals. China and Southeast Asia have been the prominent regions to use petrochemicals. With around 18% market share, Europe has become the second largest region all over the globe and with about 13% market share; America followed the third largest region in the market of petrochemicals. Asian government is looking for incentivizing the petrochemical manufacturing market so that the companies of petrochemical can invest without fear. There are various trends in the petrochemical market that are being witnessed. There has been an encouragement for regulatory policies as the demand of propylene products has increased. Increase in growth and investment opportunity has been noticed due to the utilization of coal and shale gas in the petrochemical market. BASF SE, Exxon Mobil, Shell Chemical Company, The Dow Chemical Company, and Chevron Phillips Chemical Company are some of the top players in the petrochemicals market globally. In the forecast period, the key driver of the petrochemical industry would be the increase in demand from the packaging industry as the global demand for plastic packaging has been increasing strongly. Packaging market has been the leading end-user for numerous petrochemicals around the globe and the industry has shown considerable growth in terms of revenue and will continue to increase in the future as well. In terms of technology and designs, the packaging industry is growing rapidly and touching heights. However, growing environmental concerns would act as major challenges to be faced by manufacturers especially. The use of petrochemicals is expected to decline in future because of rapidly growing global warming and population. Also, depleting crude oil reserves is foreseen to be a big challenge. Anyhow, due to increasing awareness regarding environmental safety and use of bio-based chemicals, growth has been registered in this market and is expected to occur at an ameliorated pace in future years as well. To know more about the research report: https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/petrochemicals-global-report/122995-101.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications ankur [@] kenresearch.com +91-9015378249 www.kenresearch.com Post Views: 10 Tags: Asia-Pacific Petrochemical Market Size, Global Chemical and Energy Market Analysis, Global Oil and Petrochemical Market Trends, Global Petrochemical Export Volume, Global Petrochemical Import Volume, Global Petrochemical Industry Future Outlook, Global Petrochemical Market Demand, Global Petrochemical Market Growth Opportunities, Global Petrochemical Market Research Report, Global Sustainable Petrochemical Market Revenue