Petrochemical trends H2 2021: Global petrochemical supply racing to keep up post-COVID The global petrochemical industry is expected to keep feeling COVID-19 fallout in the second half of 2021, with prices maintaining record highs in some regions balanced by new capacity startups in others. 12/31/2021. Global Vinyl Acetate Monomer (VCM) capacity is expected to experience moderate growth over the next five years from 8.23 mtpa in 2019 to 9.03 mtpa by 2024. The U.S. chemical industry expanded in 2021 on the back of the global post-lockdown rebound. In 2021, the value added by the petrochemicals manufacturing industry in Singapore was at its peak, amounting to 7.66 billion Singapore dollars. The ICIS 2021 Global Market Outlook gathers, analyses and interprets seven major trends that will shape the . Dublin, Dec. 08, 2021 (GLOBE NEWSWIRE) -- The "Global Petrochemicals New Build and Expansion Projects Outlook to 2025 - Review by Type, Commodity, Development Stage, and Region" report has been . At the end of 2020, operating rates at ethylene plants around the world stood at a healthy 88-89%. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. 527.56 million Tonnes. Provide a complete set of core production equipment for petrochemical, metallurgy, electric power, oil and gas industries This report contains market size and forecasts of Petrochemical Equipment in global, including the following market information The global Petrochemicals market is projected to reach $843.5 billion by 2027 from $556.2 billion in 2020 at a CAGR of 6.13% during the forecast period. The market is further expected to grow at a CAGR of 6.6% in the forecast period of 2022-2027 to attain a value of around USD 620.5 billion by 2026. Summary Global petrochemical capacity is poised to see considerable growth over the upcoming years, potentially increasing from 2,285. Market size volume in 2020. ENABLING MODERN LIVING CUSTOMERS NATURAL CHEMICAL INDUSTRY VALUE CHAIN . In 2021, the value added by the petrochemicals manufacturing industry in Singapore was at its peak, amounting to 7.66 billion Singapore dollars. Petrochemicals Outlook 2021 Impact of COVID-19, Demand Destruction & . Paraxylene, also known as P-Xylene or PX, is a colorless, aromatic, toxic and . As we look towards recovery from the pandemic and key political events, how will mega trends in global commodity markets steer 2021 and beyond? BASF SE 2. Europe is reportedly most at risk, while in China fast demand recovery happened this year, and continued growth is expected in 2021. The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028. The global petrochemical market size is projected to be worth USD 798.8 billion by 2030 from USD 474.96 billion in 2020, with a CAGR of 5.4% during the forecast period 2021 to 2030. Growth in the global . Global top five Coatings for Petrochemical companies in 2021 (%) The global Coatings for Petrochemical market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period. GPCA analysis. Understand outlook of global petrochemicals projects that are expected to start operations during 2021-2025 Keep abreast of capacity and cost outlook of key petrochemical commodities - methanol, ethylene, polypropylene, urea, propylene, polyethylene, and ammonia The report explores Global and Chinese major players in market. The report aims to provide an overview of global Catalysts in Petroleum Refining and Petrochemical market with detailed market segmentation. As discussed in our 2021 oil and gas industry outlook, global oil prices have remained rangebound between $40 and $50 in 2020.13 And US Henry Hub prices remained comparatively low for most of 2020 and are forecast to average $3.14 per million Btu for 2021.14 This can help maintain production The Canadian Petrochemicals Industry: Navigating Uncertain Global Waters by Steven Kelly November 2021 Page 4 The Canadian Petrochemicals Industry: Navigating Uncertain Global Waters Petrochemical Industry Outlook The petrochemical industry has seen nearly a generation of strong growth, both in aggregate market size and profitability. Global Petrochemicals Market Outlook. Dublin, Dec. 08, 2021 (GLOBE NEWSWIRE) -- The 'Global Petrochemicals New Build and Expansion Projects Outlook to 2025 - Review by Type, Commodity Tuesday, 12 April 2022 09:52 GMT عربي Following depressed conditions in 2020, domestic sales and export volume of plastic products are projected to rise by an average of 2.0-3.0% per year over 2021-2023. The outlook is stable, according to the report, as the industry's recovery is uneven across the globe. • Despite multiple supply chain disruptions, demand for goods is fueling production. The global petrochemicals market stood at a value of around USD 419 billion in 2020. The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. 2021 Petrochemicals Market - Size, Share, Competition and Forecasts to 2027. Margins were overall flat year over year. This report provides insights into the effects of the pandemic on the global petrochemical industry as well as the on-going recovery, exploring every region and covering the seven . Global top five Coatings for Petrochemical companies in 2021 (%) The global Coatings for Petrochemical market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period. 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 C2 Cracker MEG MTO CTO/CTP PDH CTMEG . Looking forward, the global paraxylene (PX) market is expected to grow at a CAGR of around 5% during 2021-2026. Moody's issues its 2021 outlook for the global chemical industry. Polyethylene. Dublin, Dec. 08, 2021 (GLOBE NEWSWIRE) -- The "Global Petrochemicals New Build and Expansion Projects Outlook to 2025 - Review by Type, Commodity, Development Stage, and Region" report has been . Global Vinyl Acetate Monomer (VAM) Industry Outlook 2021-2024 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants - ResearchAndMarkets.com April 02, 2021 10 . Petrochemical prices saw pressure from multiple fronts, across the globe, as the COVID pandemic, coupled with lower energy prices, negatively impacted demand. DUBLIN--(BUSINESS WIRE)--Dec 8, 2021--The "Global Petrochemicals New Build and Expansion Projects Outlook to 2025 - Review by Type, Commodity, Development Stage, and Region" report has been added to ResearchAndMarkets.com's offering.. Globally, 1,365 upcoming petrochemicals projects are expected to start operations during the 2021 to 2025 outlook period. The service also provides an assessment of the individual petrochemical facilities. Original Date: June 09, 2021 The outlook for oil demand is likely to be transformed in the coming years, as electric vehicles disrupt the road transport sector - historically the most significant. As a result, the petrochemicals industry is expected to continue to be challenged in 2021. 322.45 million Tonnes. Global Macroeconomic Outlook 3.1 2.4 -3.6 6.1 4.4 3.5 3.2 1.0 18 October 2021 Malaysia gas market outlook The market is expected to reach. Dublin, Nov. 12, 2021 (GLOBE NEWSWIRE) -- The "Global Chillers Market by Type (Screw, Scroll, Centrifugal, Absorption, Reciprocating), End-use industry (Plastic, Chemical & Petrochemical, Rubber . - Petrochemical Industry - Chemical Industry - Refrigerants - Air Separation - Other. In the global petrochemicals sector, the polypropylene segment is expected to witness the highest number of projects (128) commencing operations during the 2021 to 2025 outlook period. The global Petrochemicals market is projected to reach $843.5 billion by 2027 from $556.2 billion in 2020 at a CAGR of 6.13% during the forecast period. 2. 2021 GCC chemical industry outlook. Seven petrochemical trends to watch this year. Market size volume in 2030. Saudi Basic Industries Corp. (SABIC) expects a recovery in the global economy in 2021 with overall development and increased industrial producti . GLOBAL CHEMICAL INDUSTRY…. The Acid Catalysts market is analysed and market size information is provided by regions (countries). Growth in the global . Learn from our experts about the key trends that will drive project spending in the Chemical Processing Industry for 2020 and 2021, including analysis by commodity and geographic region. A renewed focus on sustainability. Industry Outlook. Global Ammonia Industry Outlook 2021-2025 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants - ResearchAndMarkets.com May 24, 2021 11:36 AM Eastern Daylight . 2020-2021 Global Chemical Industry Spending Outlook - Webinar . Published November 2021. BP sold its petrochemical business to INEOS; PPG acquired the global coatings manufacturer Ennis-Flint and has since announced its intention to acquire Tikkurila Oyj; and a consortium of Cinven and Bain Capital has announced its intention to acquire Lonza's . For 2022, PETRONAS anticipates the path . The report provides planned pipeline details such as pipeline/pipeline system name, operator name, start year, start point, end point, status, length . Saudi Basic Industries Corp. (SABIC) expects a recovery in the global economy in 2021 . outlook. New export terminals and PE units are slated to come Overview: With previously halted projects and regulations slowly resuming in 2021, how will markets adapt in the pandemic-recovery era? Petrochemical Industry Analysis and Market Research Report | Crediblemarkets.com Global Petrochemical Market Research Report 2021 - Impact of COVID-19 on the Market | Credible Markets Credible Markets In conjunction with this volume growth, value creation has also risen at a 4 percent compound annual growth rate since 2005. . 2000 2003 2006 2009 2012 2015 2018 2021 2024 Brent Crude Henry Hub Gas USGC Ethane . Global Petrochemicals Industry Market Research Report 2014-2021. TOP COMPANIES: 1. On the other hand, in 2012, the contribution to the . British Petroleum Plc 3.. SABIC's petrochemicals industry outlook for 2021, future plans and expansions. The report presents . The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028. The past year has required all of us in the petrochemical industry to adapt to external disruptive forces: the sharp drop in crude oil prices flattened the ethylene cost curve and led to the re-examination of many planned capital investments; shifting trade policies and treaties that are forcing . State of the Global Petrochemical Industry IHS Asia Chemical Conference Singapore September 3-4, 2014 . Petrochemicals are rapidly becoming the largest driver of global oil demand The growth in demand for petrochemical products means that petrochemicals are set to account for over a third of the growth in oil demand to 2030, and nearly half to 2050, ahead of trucks, aviation and shipping. CAGR of 4.95% from 2021 to 2030. The Report Petrochemicals Industry provides in-depth insights of Global Market Status, Trends, forecast, size, share, Analysis - DecisionDatabases.com [ For more information about this report: ] - PowerPoint PPT presentation 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. The "Global Vinyl Acetate Monomer (VAM) Industry Outlook to 2024 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants" report has been added to ResearchAndMarkets.com's offering.. Global"Catalysts in Petroleum Refining and Petrochemical Market"2021 Industry Research Report 2027 is a specialized and in-depth study of the industry with a focus on the global market trend. In this report, the Global Petrochemicals market has been segmented into following categories, in addition to the industry trends which have also been detailed below: Attribute. PETRONAS releases 2022-2024 industry activity outlook. The US chemical industry has witnessed a strong recovery since the beginning of 2021, and 2022 could mark the full recovery for the industry prepandemic. Production of . The global petrochemicals market is expected to grow from $365.01 billion in 2020 to $429.11 billion in 2021 at a compound annual growth rate (CAGR) of 17.6%. The Global Petrochemicals Outlook provides coverage of petrochemicals including feedstocks, current and future capacities and product outlook from a global, region and country-level perspectives. North America's Petrochemical Supply Chain Outlook 2021 A strategy for post-Covid-19 The Imperative to Reconfigure the Supply Chain North America's Petrochemical Supply Chain Outlook 2021 Addressing resilience, sustainability, digita integration and optimal logistics February 2021 Sponsored by A strategy for post-Covid-19 Power sector continues to dominate the gas landscape, making up 50% . Published June 2021 The global petrochemical industry is expected to keep feeling COVID-19 fallout in the second half of 2021, with prices maintaining record highs in some regions balanced by new capacity startups in others. Growth Rate. Reaction: Five trends that will shape the 2021 chemical industry Reaction: . The global petrochemical market is forecasted to reach US$872.14 billion in 2026, experiencing growth at a CAGR of 6.20 % during the period spanning from 2022 to 2026. Details. Bulk petrochemicals and organic intermediates grew by 1.7%. The main focus of the industry is to plan capacity addition and meet the domestic as well as export demand. Global industrial production is expected to grow by 7.2% in 2021 and 4.6% in 2022. Find the most important statistics and facts on the petrochemical industry worldwide Skip to main content Try our corporate solution for free! The petrochemical industry itself is expected to cross US $100 billion by 2021 at a CAGR of 14%. The global petrochemical market is forecasted to reach US$872.14 billion in 2026, experiencing growth at a CAGR of 6.20 % during the period spanning from 2022 to 2026. The ICIS 2021 Global Market Outlook gathers, analyses, and interprets insights on opportunities and risks to bring you fresh perspectives on the chemicals industry. By Chuck Venezia, SVP Petrochemicals, Argus. But they will likely fall to 86% this year and 82% in 2022, according to IHS. On the other hand, in 2012, the contribution to the . The petrochemical industry contributes about 30 percent of raw material to the chemical industry which is expected to reach $300 bn by 2025. The Ethylene-Petrochemicals Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides ethylene-petrochemicals market overviews, analyses and forecasts market size, share, ethylene-petrochemicals market players, ethylene-petrochemicals market segments and . Global Acid Catalysts Market: Regional Analysis. 18/03/2021 Argaam Special. The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028. March 2021 5 Sources: Industry publications, newspaper articles, press releases . The global Catalysts in Petroleum Refining and Petrochemical market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period. The Petrochemicals Global Market Report 2021: COVID-19 Impact and Recovery To 2030 is one of a series of new reports from The Business Research Company that provides petrochemicals market overviews, analyzes and forecasts market size, share, petrochemicals market players, petrochemicals market segments and geographies, market's leading . Apr 22, 2022 (The Expresswire) -- The global Petrochemical market size is projected to reach USD 694670 million by 2026, from USD 661960 million in 2020, at a CAGR of 4.6%% during 2021-2026 . Global petrochemical companies depict healthy margins, driven by healthy demand in Asia Pacific. Ethylene is an acyclic hydrocarbon, used in the manufacture of polymers such as polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC) and polystyrene (PS) as well as fibres and other organic chemicals. The global ethylene-petrochemicals market is expected to grow from $190.29 billion in 2020 to $234.11 billion in 2021 at . 5 Basic Petrochemicals Market 5.1 Ethylene Market 5.1.1 Ethylene Value Chain 5.1.2 Ethylene New Capacity Outlook-Global & By Company 5.1.3 Ethylene Market Share, By Region (2016-2021), MMT 5.1.4 Ethylene Market Share By Application (2016-2021), MMT 5.1.5 Ethylene: Market Dynamics 5.2 Propylene Market 5.2.1 Propylene Value Chain Global Petrochemical Outlook / November 2016 Petrochemical trends H2 2021 Report Global petrochemical supply racing to keep up post-COVID The global petrochemical industry is expected to keep feeling COVID-19 fallout in the second half of 2021, with prices maintaining record highs in some regions balanced by new capacity startups in others. The global petrochemicals market size was valued at USD 556.09 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2030. The global petrochemical industry finished 2020 on a strong note, a welcome change from most of the year. Petrochemicals outlook reports 30 November 2021 Indonesia gas market outlook Commodity Market Report Indonesia gas market outlook 30 November 2021 Gas demand recovering from the pandemic, with LNG demand close to 2019 levels. In addition to the pandemic, the industry is facing other major challenges such as over-capacities, trade tensions and environmental sustainability. It will mostly be in Asia, though 2021 might see one prominent US start-up: an ethylene and polyethylene facility in Bayport, Texas, being built by Total and Borealis. Dec 16, 2020. Petrochemicals March 2021 2021 TXOGA Ad Valorem Tax Conference 41 1. The economic decline was caused by measures associated with pandemic, national lockdowns, and the collapse in crude oil prices, which turned negative for the first time in history in . Dublin, Dec. 08, 2021 (GLOBE NEWSWIRE) -- The 'Global Petrochemicals New Build and Expansion Projects Outlook to 2025 - Review by Type, Commodity Tuesday, 12 April 2022 09:52 GMT عربي • We expect global GDP to grow by 6.1% in 2021 and 4.4% in 2022. (212) 419-8294 vianny.gutierrez-cruz@statista.com Are. was the highest performing segment with 2.8% growth in 2021. • World trade expands 8.4% in 2021 and 4.8% in 2022. Global Planned Oil and Gas Pipelines Industry Outlook to 2021 - Capacity and Capital Expenditure Forecasts with Details of All Planned Pipelines is a comprehensive report on major, trunk oil and gas planned pipelines industry in the world. For the purpose of this report, basic petrochemicals include methanol, ethylene, propylene, butadiene, benzene, toluene, and xylenes. PETRONAS released its annual PETRONAS activity outlook for 2022-2024, which provides insights into industry trends, demand outlook and the upcoming activities of the company's upstream, gas + new energy and downstream businesses. Industry Outlook Petrochemicals Industry The petrochemical industry in 2020-2022 is likely to grow in line with the demand for petrochemical products for use in the downstream industries both at home and abroad เข้าใจและรู้ใจลูกค้า ด้วยบริการสินเชี่อส่วนบุคคลที่หลากหลายและครอบคลุมทุกความต้องการ โดยธนาคารกรุงศรีอยุธยา • North American . Global markets are adapting quickly as the world comes to grips with current developments. Analyses and data are delivered through our dedicated web portal . The global industrial boilers market size was valued at USD 13.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2027. The report includes country-wise and region-wise market size for the period 2015-2026. Increasing adoption of petrochemicals in the production of thermoplastics and oil will boost the target industry growth in near future. The Covid-19 pandemic dealt an unprecedented blow to the GCC economy, causing it to contract by 6% in 2020. From sustainability to consumer-centricity, our annual outlook explores five trends that will be top of mind for chemical companies in the year ahead. . 1 million tonnes per annum (mtpa) in 2021 to 3,088.New York . In this part, the report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for each company. The report provides a basic overview of Petrochemical PVDF industry including: definition, applications and manufacturing technology. For instance, the global motor vehicles market increased from $1,793.8 billion in 2014 to $2,323.9 billion in 2019, at a CAGR of 6.7% , thus increased use of plastics in automobiles is expected to increase the demand for petrochemicals during the forecast period. Excess supply is expected for most products, many new Chinese plants start during 2021. . Plastic resins production, which increased by 5.6% during 2020, edged higher by 0.4% in 2021. The global Petrochemical market was valued at 61441.54 Million USD in 2021 and will grow with a CAGR of 4.9% from 2021 to 2027, based on Research newly published report. The "Global Methanol Industry Outlook to 2025 - Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants" report has been added to ResearchAndMarkets.com's offering. And xylenes $ 872 billion Petrochemical Market with detailed Market segmentation, operating rates at ethylene plants around world. 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