Lucintel predicts that the demand for ethylene is likely to experience the highest growth over the forecast period due to the growth in the polyethylene film for the food and non-food packaging applications. #BasicPetrochemicalMarket, #PetrochemicalMarket

1. Global Basic Petrochemical Market 2016-2021:
Trends, Forecast, and Opportunity Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by Chemical
Type
Ethylene, propylene, butadiene, benzene, toluene, xylene, methanol, and
ammonia
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
Saudi Basic Industry Corporation, LyondellBasell, Exxon Mobil, and Royal
Dutch Shell.
Trend Growth Rate and CAGR 4.9%
Key Industry Forecast
The global basic petrochemical industry 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.
Key Industry Driver
Driver: 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.
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3. Industry Overview
Market Size
• The global basic petrochemical industry 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.
• 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.
Market Size (2022) $603.2 billion
CAGR (2017-22) 4.9%
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Industry Performance : Forecast