IRVING, Texas, March 13, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the global basic petrochemical market is expected to reach an estimated $603.2 billion by 2021 and is forecast to grow at a CAGR of 4.9% from 2016 to 2021. The major growth drivers for this market are growing demand for basic petrochemicals in end use industries. Technological innovations aimed at improving manufacturing processes to increase product yield with higher quality are expected to have a positive impact on the petrochemical industry.
Browse 37 market data tables and 61 figures spread through 137 pages and in-depth TOC on "Global Basic Petrochemical Market"
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Emerging trends, which have a direct impact on the dynamics of the market, include capacity migration to low cost locations and US shale gas boom has renewed competitive advantage to the sector. Saudi Basic Industry Corporation, LyondellBasell, Exxon Mobil, and Royal Dutch Shell are among the major suppliers of basic petrochemicals.
The study includes a forecast for the global basic petrochemical market by chemical type, application type, and region, as follows:
Petrochemical market by chemical type [Volume (Million Tons) and $ Billion Shipment from 2010 to 2021]:
Petrochemical market by application type [Volume (Million Tons) 2015]:
- Ethylene market by application
- Propylene market by application
- Butadiene market by application
- Benzene market by application
- Toluene market by application
- Xylene market by application
- Methanol market by application
- Ammonia market by application
This 137-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/basic_petrochemical_industry_2016_2021.aspx or firstname.lastname@example.org
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com
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