Global Petrochemicals Market to Expand at 6.8% Cagr Due to the Expanding Global Industrial Sector

Transparency Market
Research
Petrochemicals Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020

Published Date
28-Nov-2014

112 Page Report

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Press Release

Global Petrochemicals Market Driven by Rising Demand from
China, to Exhibit 6.8% CAGR from 2014 to 2020 : TMR
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Petrochemicals Market

REPORT DESCRIPTION
Petrochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 2020
The global market for petrochemicals is a highly fragmented one, and is led by several multinational
corporations all over the world. For expansion of their market share, the big multinationals strive to acquire
smaller firms in the global petrochemicals market. Another key aspect that companies in the petrochemicals
market focus on is expansion of their product portfolios.
The latest trend in the global petrochemicals market is the preference of manufacturers to establish production
facilities in Asia Pacific. Supply of cheap labor and abundant supply of raw materials are the factors that
support this trend in the global petrochemicals market. Growing at a 6.8% CAGR from 2014 to 2020, the global
petrochemicals market is expected to reach US$885.07 billion by the end of the forecast period, from
US$558.61 billion in 2013.
Browse Full Global Petrochemicals Market Research Report With Complete TOC :
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What are the Factors Driving the Global Petrochemicals Market?
Petrochemicals refer to chemicals that are derived from natural gas and crude oil. Petrochemicals are used
extensively in the chemicals industry, since a wide range of chemical components are derived from these. The
demand for petrochemicals is mainly driven by industrialization and most importantly the...