Petrochemicals Market Regional Opportunities And Future Scope Report 2030
Petrochemicals Market Growth & Trends The global petrochemicals market size is expected to reach USD 1,002.45 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2022 to 2030. The demand for petrochemicals is attributed to an increase in demand from the end-use industries such as construction, textile , medical, pharmaceuticals, consumer goods, automotive, and electronics. Petrochemicals Market Segmentation Grand View Research has segmented the global petrochemicals market on the basis of product and region: Based on the Product Insights, the market is segmented into Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Methanol. Ethylene dominated the market with a revenue share of over 40.0% in 2021. This is attributed to an increase in demand for ethylene from various industries such as construction, packaging, and transportation. Ongoing industrialization and flourishing automotive and ...