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Petrochemicals market

Petrochemicals Market report categorizes global market by product type, manufacturing process, and geography - Industry trends, Outlook, Challenges and Key Market Players

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Petrochemicals market

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  1. Petrochemicals Market Report Forecast and key Players Petrochemicals are chemical compounds derived from hydrocarbons, mainly crude oil and natural gas. It can also be obtained from various renewable materials such as sugarcane and corn Petrochemicals are classified on the basis of their chemical structure, namely, olefins, aromatics, and synthesis gas hydrocarbon. Olefin hydrocarbons include ethylene and propylene, while benzene, toluene and xylene belong to the category of aromatic hydrocarbons. Various process such as FCC (fluid catalytic cracking), steam cracking, and catalytic reforming employed in refineries and chemicals plants to obtain the desired product. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/268 Global Petrochemicals Market Outlook – Oversupply of Crude and Subsequent Decline in Prices Creates Favorably Environment for Market Growth Large volume of feedstock or raw materials available in the Organization of Petroleum Exporting Countries (OPEC), and rapid development of shale gas exploration in the North American region, primarily in the U.S. and Canada, is expected to create a highly conducive environment for growth of the global petrochemicals market. China is one of the largest consumers of petrochemical products. Rampant growth of various end-use industries, in turn fuels demand

  2. for petroleum products, especially in emerging economies of Asia Pacific, such as India and China. Key players in the market include BASF SE, Sinopec Limited, ExxonMobil, The Dow Chemical Company, Shell Chemical Company, SABIC, LyondellBasell Industries, Total S.A., Sumitomo Chemical Co. Ltd., Chevron Phillips Chemical Company LLC and E. I. du Pont de Nemours and SNPC, INEOS, and Reliance Industries. For More Information: ​https://tinyurl.com/y5flqw68 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: ​sales@coherentmarketinsights.com

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