Petrochemical industry outlook 2025 The industry has witnessed significant growth and is a dominant exporter of petrochemical resources accounting for 7% of the global supply of basic products. Companies will likely embrace of petrochemical, its trends and outlook. Aug 8, 2023 · The Indian chemical industry is expected to reach US$304 billion by 2025, registering a compound annual growth rate (CAGR) of 9. The butane market is valued at US$75. 3. rmi. Updates on macro economy and major customer industries, and their impacts on Dec 1, 2024 · The most high-level and impactful plan for the petrochemical industry is the “Made in China 2025” industrial policy, which emphasizes sectors that all rely partly on petrochemicals, such as aerospace, electronics, electric vehicles, and batteries [48]. Browse long-term and short-term petrochemicals industry outlook reports. Petrochemical industry mainly comprises synthetic fibre / yarn, polymers, Synthetic Rubber (elastomers Dec 8, 2021 · Dublin, Dec. Petrochemicals are rapidly becoming the largest driver of global oil . 0-5. On its own, the political dimension of the power industry’s Rubik’s Cube—who will occupy the White House, which party will hold a majority in the House and Senate, and the size of those majorities—is The market size of the Petrochemical Manufacturing in the US industry in United States is $82. High oil prices and weak Chinese orders sent spreads on benchmark products to multidecade lows last year. 947 Dec 11, 2024 · Key projects to monitor in 2025 are the Linglong-1 power plant in Hainan China, which would be the first commercial onshore SMR to go online (schedule for 2026) and the X-energy SMR project at Dow Chemical's Seadrift petrochemical manufacturing site, which would provide both power and heat for the facility. However, regional variations in feedstock usage remain. 5% annually, while the volume of exports should rise by 3. The butane market Petrochemicals industry outlook reports. Apr 25, 2024 · LPI (LP Information)' newest research report, the “Petrochemical Industry Forecast” looks at past sales and reviews total world Petrochemical sales in 2024, providing a comprehensive analysis by region and market sector of projected Petrochemical sales for 2024 through 2029. The economic value generated by the petrochemicals market was estimated at approximately USD 556. Petrochemicals in a cyclical trough through 2024, but slow improvement to start in 2025. Establishing petrochemical intermediate clusters as frontrunners in the national campaign to improve the ease of doing business, by accelerating the simplification of key procedures such as land acquisition or environmental clearances 6. However, this is a highly cyclical sector, and supply and demand eventually come into balance. 74 billion in 2023, at a registered CAGR of 6. 11 Market Restraint Impact Analysis Jan 15, 2024 · The Asian petrochemical industry is likely heading for a better 2024. How many businesses are there in the Petrochemical Manufacturing in the US industry in 2024? There are 34 businesses in the Petrochemical Manufacturing in the US industry in United States, which has grown at a CAGR of 1. 25 xxvi. orgTransforming China’s Chemicals Industry: Pathways and Outlook under the Carbon Neutrality Goal / 7 Exhibit 3 Plastics demand projection in China Exhibit 4 Ethylene demand projection in China Source: 2020 data from Early Warning Report of China Petrochemical Market, China Petroleum and Chemical Industry Federation and Global petrochemicals capacity by commodity; Capacity share of the major petrochemicals producers globally; Global petrochemicals capital expenditure outlook by region; Reasons to Buy. Moreover Dec 11, 2024 · 2025 Key Trends – Global Chemicals & Energy 2025 is set to be another dynamic and challenging year for global chemical and energy markets. consumptionThey are set Tue, 14 Jan 2025 14:49:17 GMT Sinopec Shanghai Petrochemical to Boost Operations with $2. Additionally, the ramp- May 13, 2024 · In 2022, the petrochemical industry marked its significance in the global economy, accounting for more than 12. 9 % between 2019 May 24, 2022 · Governments and corporate net-zero commitments are pushing the petrochemicals industry to cut its emissions by 2050. Dec 18, 2024 · Its 2025 Renewable Energy Industry Outlook says: “The year 2025 will be defined by a race to overcome constraints and fill a growing gap between supply and demand for clean energy. In 2021, through the first half of 2022, U. The Petrochemical Outlook 2025 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. Success at this facility which would PTTGC is considering investing in the U. 5 But, where chemical companies deploy this capital could be critical in determining their competitive position in the coming years. However, we expect moderate improvement in the near term, particularly toward the end of 2024. “Market and technology advantages such as low cost and modularity could be even more important amid policy uncertainty in the coming year. 5. Our 2025 Chemical Industry Outlook explores some of these trends and highlights the signposts leaders should consider while developing strategies. 0% per year, and Why eninrac’s report upon “Chemical & Petrochemical Market & Outlook in India 2025” MARKET SIZE OF THE CHEMICAL & PETROCHEMICAL INDUSTRY IN INDIA STOOD AT USD163 BILLION IN 2017-18 WHICH IS PROJECTED TO REACH USD 304 BILLION BY 2025 The chemical and petrochemical industry around the globe expected to follow the steady growth in coming years Mar 14, 2017 · Whenever over the past decade we have examined the chemical industry’s capital-markets performance, a very similar picture has emerged. Explore the key trends likely to impact the aerospace and defense, chemical, manufacturing, engineering and construction, oil and gas, power and utilities, and renewable energy sectors in 2025 in our latest energy, resources, and industrials outlook Sep 17, 2024 · Explore the dynamic landscape of the chemical industry as host Victoria Meyer delves into six key trends that will shape 2024 and 2025. 10th Refining & Petrochemical Innovation Conference Thailand 2025(RPIC Thailand 2025) scheduled on Mar. 4 2024 Italy Petrochemicals Market Size and Outlook to 2031 8. 947 billion in 2025 and is projected to grow at a CAGR of 4. 1. 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 The Thailand Industry Outlook over the next 3 years (2024-2026) covers a range of factors impacting the industries. outlook for the overall indian petrochemical industry and gas industry. The Petrochemical industry, which entered in the list of Indian industries in 1970s, registered a rapid growth in the 1980s and 1990s. 1 The report covers short/long term outlook for major petrochemical products, with an emphasis on the evolution of trade pattern, competitiveness and industry structure. 55 billion in 2024 and is projected to reach from USD 681. 70% in the forecast period of 2025-2034 to attain a value of around USD 1035. 3 days ago · The Future of Jobs in the Global Oil and Gas Industry: Speculations for 2025. Oct 26, 2024 · 3 World Economic Forum: The chemical industry’s overlooked role 4 Research Report: Top Trends in the Chemical Industry 5 AirLiquide: Data and artificial intelligence driving Industry 4. • Private and government investments in the chemical and petrochemical industry. The outlook is thus for consumption of petrochemical products within Thailand to grow by 2. Petrochemicals will drive over a third of the growth in oil demand by 2030, and this contribution will rise to nearly half by 2050. S&P Global Ratings expects global utilization rates of ethylene to recover, slowly increasing spreads this year. The global petrochemicals market stood at a value of around USD 541. Our price assumptions for Brent crude oil remain at USD70 per barrel, reflecting a balance between OPEC+’s large spare capacity, increasing supply and moderating demand growth. power industry and those who service generators. Currently, as the industry stands today, petrochemicals are set to become the largest driver of global oil demand, surpassing sectors like trucking, aviation, and shipping. As 2025 unfolds, the global oil and gas industry faces a dynamic landscape shaped by political shifts, regulatory changes, and economic trends. 6 2024 BeNeLux Petrochemicals Market Size and Outlook to 2031 8. 5 2024 Spain Petrochemicals Market Size and Outlook to 2031 8. 50% during the forecast period (2025-2033). Cost efficiency: Improving operational efficiency through cost-reduction programs and asset rationalization See full list on imarcgroup. by 2025 while India will increase imports by 30% between 2019 and 2025, with Europe continuing to play an important balancing role. A wide range of products and services, specifically tailored to the needs of the refinery and petrochemical industry, are presented at the fair. com 2025 Key Trends – Global Chemicals & Energy 2025 is set to be another dynamic and challenging year for global chemical and energy markets. Dec 11, 2024 · Overcapacity in China and highly integrated refinery/petrochemical production will be key to its industry competitiveness in 2025. By the end of this decade, the petrochemical sector will be the main driver of oil demand and the delayed economic recovery underscores this trend. 2% from 2021 to 2025; The Malaysia chemical and petrochemical market is expected to reach the output of 150,375. Malaysia Chemical and Petrochemical Market Outlook 2025. A significant part of quickening growth in India’s market is because of RND facilities grown in India. Fig. , Petrochemical Industry Outlook - article/petrochemical-industry-outlook Oct 15, 2024 · The global petrochemicals market size was valued at USD 645. 10th Refining & Petrochemical Innovation Conference (RPIC) - 12-13 Mar 2025, Bangkok, Thailand (102676); 11th Refining & Petrochemical Innovation Conference (RPIC) - 18-19 Jun 2025, Novotel Jakarta Cikini, Indonesia (104929) Oct 23, 2024 · Global Outlook of the Chemical Industry in 2025 The chemical industry, a crucial player in the global economy, is poised for significant transformation by 2025, driven by a combination of Oct 5, 2024 · RIYADH: Saudi Arabia’s rise as a global leader in the petrochemicals industry is a product of strategic foresight, substantial investments, and a commitment to economic diversification, experts Nov 18, 2024 · Key up and downside risks to prices remain primarily in potential US overproduction and further escalation between Israel and Iran. The American Chemistry Council expects that capital spending for the US chemical industry will remain mostly unchanged year over year in 2024 before ramping up to a growth rate of 3%–4% annually in 2025–2026. 5 Petrochemicals Market Outlook Fig. Saudi Arabia is one of the world's leading producers in the petrochemical industry. Following the 2020 recession, with U. Longer term, peaking oil demand and continuous chemical demand growth create feedstock Jan 10, 2025 · Outlook 2025: Asia continues to dominate hydrocarbon processing investment The region accounts for the biggest share in terms of capital investment in the $2t market The world’s population is projected to increase from nearly 8b in 2024 to approximately 9. 947 2 days ago · Butane Market Butane Market Dublin, Jan. 06 billion in 2025 to USD 1045. . • Analysis on the end user industries for adhesives and sealants and the existing opportunities. 3 percent. 10 Petrochemicals - Market Drivers Fig. 84; Investment environment: This projected state of the economy is expected to create a cautiously optimistic investment environment for the industry in 2025. Analysts project oil prices to hover between US$70/bbl and US$80/bbl in 2025, with a potential uplift of US$10/bbl if geopolitical tensions escalate. US trade tariffs and anti-dumping duties on Chinese products, however, have the potential to materially change global trade flows. Latin America Petrochemicals Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2025-2034) Latin America Petrochemicals Market: By Product: Methanol, Ethylene, Propylene, Benzene, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2025-2034 Petrochemical demand is expected to grow steadily while Refined product demand should peak around 2030. These factors influence employment opportunities in the sector, varying significantly across regions. 0 6 CAS: Digital transformation in the chemical industry 7 TriplePundit: Will 2024 Be the Year the Green Chemistry Trend Takes Off? The size of the Chemicals & Petrochemicals sector in India market is nearly $178 bn, and it is supposed to gain $300 bn by 2025. In 2024, the global chemical industry grew at a modest pace, recovering from pandemic-induced economic realignments and the pursuit of sustainability. Petrochemicals transform raw materials Dec 13, 2024 · Fitch Ratings maintains a neutral outlook on the global oil and gas sector for 2025. 1 billion in 2021. those key credit risks. 4 tons in 2020; It is projected to expand at a CAGR of 4. 08, 2021 (GLOBE NEWSWIRE) -- The . The chemical industry in India is valued at a substantial US$220 billion and experts predict that it could reach an astonishing US$1 trillion by 2040. We look at leading and emerging companies in the Petrochemical Manufacturing industry and adjacent sectors: Feb 14, 2024 · Current State of the Petrochemical Industry. He also believes that China, which has started its own petrochemical industry to become more self-sufficient, will increase competition for the country’s petrochemical industry exports to the regional market. Petrochemicals 2030: Reinventing the way to win in a changing industry 2 A look back at what’s been creating value for the industry 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 The petrochemical industry plays a crucial role in the global economy, driving innovation and providing raw materials for diverse sectors such as automotive, construction, and consumer goods. The global petrochemical market was valued at USD 419. Those factors include opportunities and challenges that represent the attractiveness of each industry depending on the macroeconomic environment and sector-specific factors. , from 2021 to 2025 could be driven by the fact that from naphtha more diverse petrochemical products can be obtained, compared to ethane. 3% from 2024 to 2025. The butane market's growth is attributed to its increasing application in making liquid the chemical industry due to the scale of new capacity increments compared to traditional steam cracker capacity. The Malaysia chemical and petrochemical market stood at 124,116. xiii. Explore the Data-driven Petrochemical Outlook for 2025. Demand for polypropylene is anticipated to increase because to the rising popularity of e-vehicles, which will ultimately fuel the petrochemicals market. 8 Petrochemicals Market - Value Chain Analysis Fig. However, it also faces environmental concerns related to fossil fuel dependence and greenhouse gas emissions, prompting a shift toward sustainable Dec 11, 2024 · Watch for additional outlook 2025 highlights from S&P Global Commodity Insights analysts in coming weeks, including Top Clean Energy Technology Trends of 2025, which will be released in early Jun 8, 2023 · Individual news pages. Our petrochemicals forecasts facilitate powerful decision-making to maintain a competitive edge. C&EN’s World Chemical Outlook for 2025; The petrochemical industry is in a downturn likely to be so long and so deep that it will be forever transformed when it emerges at the other end Dec 23, 2024 · However, as global economies recovered, the petrochemical industry experienced a resurgence. May 31, 2024 · This year’s trajectory for petrochemicals has been marked by softening demand, increased capacity online, historically low earnings across various chemical value chains, and slowing growth in circularity. 8b by 2050, according to the UN. The diversity and complexity of this sector means that petrochemicals receive less attention than other sectors, despite their rising importance. Ongoing expansion in both the domestic and global economies will then add to demand growth and widen spreads through 2024 and 2025. 84 Billion by 2034. Despite facing a more complex decarbonization path than any other sector, petrochemicals players’ net-zero targets cover more of the global manufacturing capacity than other heavy emitters like steel and cement. Learn more on 2025 oil outlook here. 9 Petrochemicals - Market Dynamics Fig. Petrochemicals Market Trends 3 days ago · Butane Market Butane Market Dublin, Jan. On the basis of total returns to shareholders (TRS), the chemical sector has, over the long term, outperformed not only the overall market but also most of its customer industries and raw-material suppliers. The "2025 Asian Polyolefin Workshop and Petrochemical Industry Conference" (2025 APO & CPCDT Conference) will be jointly organized from March 21st to 25th, 2025 in Chengdu of China on the bases of "2025 Asian Polyolefin Workshop" (APO2025) and the "2025 Petrochemical and Downstream Industry Technology Conference" (CPCDT2025), being co-hosted by The value addition in the petrochemicals industry is higher than most of the other industry sectors. A few ethylene projects will likely be delayed or Oct 18, 2024 · The market size of the Indian Chemicals and Petrochemicals sector is expected to grow to approximately USD 300 billion by 2025, up from its current market size of USD 220 billion, said Shri Hardeep Singh Puri while addressing the ‘Roundtable on Petrochemical’ during India Chem 2024 today. The report Dec 2, 2024 · The total U. The butane market is valued at US$75. Rising petrochemical demand in the electrical and electronics industry Future Events. 7 Petrochemicals Market Volume And Revenue, 2018 - 2030 (Million Tons) (USD Billion) Fig. Understand key trends in the global petrochemicals industry; Identify opportunities in the global petrochemicals industry with the help of upcoming plants and Oct 30, 2020 · What is covered in the report about the “Saudi Arabia Polyvinyl Chloride (PVC) Industry”? GlobalData’s report, “Polyvinyl Chloride (PVC) Industry Outlook in Saudi Arabia to 2025 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants”, provides up to date in-depth information on Saudi Arabia’s Polyvinyl Chloride (PVC) industry. According to predictions, sales of electric and hybrid electric vehicles would make up 30% of all new car sales by 2025. Amid the gloomy outlook, LG Chem is reportedly considering selling off its naphtha cracking facility in Yeosu. Rise in demand of petrochemical from end use industries such as consumer goods and manufacturing along with favourable government regulations specifically in Asia Pacific is expected to fuel the market growth over the forecast period. 91B Investments - Egypt Oil & Gas: Tue, 14 Jan 2025 13:55:40 GMT Butane Market Outlook 2025-2030, with Competitive Analysis - GlobeNewswire: Tue, 14 Jan 2025 09:33:57 GMT Makran petrochemical hub receives €10 billion investment - Tehran Times Market Size Of The Chemical & Petrochemical Industry In India stood At USD 163 Billion In 2017-18 Which Is Projected To Reach USD 304 Billion By 2025. com's offering. 0bn in 2025. Oct 14, 2024 · The Neom Green Hydrogen Project, set to become the world’s largest hydrogen production facility, will produce 650 tons per day by 2025. Global Petrochemicals Projects Outlook Report 2021-2025: 1,365 Upcoming Petrochemicals Projects are Expected to Start Operations 3 days ago · Butane Market Outlook 2025-2030, With Competitive Analysis Of BP, China Petrochemical, Conocophillips, Dow, Exxon Mobil, Linde, Merck, Shell, Totalenergies, Ashish Chemical & Butane Energy Date 1 Oct 29, 2024 · The 2025 - 2029 period is expected to be extraordinarily choppy for the new-build U. Join us in Mumbai for the INDIA CHEMICAL INDUSTRY OUTLOOK CONFERENCE & EXHIBITION-2025 This mega event of ICC is the Eighteenth in a row, attended by leaders of the Chemical and Petrochemical Industry. 14, 2025 (GLOBE NEWSWIRE) -- The "Butane Market - Forecasts from 2025 to 2030" report has been added to ResearchAndMarkets. For instance, US petrochemical plants are expected to continue to rely 2 days ago · Dublin, Jan. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. -based petrochemical companies underwent a sharp recovery in EBITDA and EBITDA margins from the troughs triggered by the COVID-19 pandemic. Explore ICIS predictions for the trends that will have the largest impact. 8 tons by the end of 2025; Analysts’ Viewpoint on Petrochemicals Industry Outlook. 31% over the forecast period. e. Dec 8, 2021 · Dublin, Dec. The chemical and petrochemical industry around the globe expected to follow the steady growth in coming years but growing economies like India is showing great potential which is attracting 4 Building a self-sufficient petrochemical intermediates industry in India by 2025 5. At the more concrete levels are the 5-year plans, geographic regional plans, sectoral Industry Insights. From ever-changing supply chain dynamics and shifting customer engagement mechanisms to the impacts of global economics and geopolitics, Victoria provides an insightful analysis of the factors driving the industry forward. Globally, increasing reliance on naphtha in the future i. petrochemical industry review of 2023-24 & outlook for 2024-25. Tuesday March 25, 2025: 07:30 am - 08:00 am Breakfast: 07:30 am - 12:00 pm Registration: 08:00 am - 10:15 am Petrochemical Industry Experts Showcase: 10:15 am - 11:15 am Women However, with opportunities come challenges, from regulatory uncertainty to market volatility. 6 Petrochemicals Market Segmentation Fig. Recovery in the tourism sector and the reopening of China will support domestic economic growth through 2023, and this will feed into stronger demand for petrochemical products. Destocking, some challenged key end markets (such as housing), and slower-than-expected growth in China has hampered demand in the petrochemicals industry. 12-13, 2024, Bangkok, Thailand will gather 300+ government officials, refinery and petrochemical project owners, EPCs&Consultings, global leading process technologies, software and digital technology suppliers, cybersecurity solutions 8. Oct 30, 2019 · DUBLIN--(BUSINESS WIRE)--The "Chemical & Petrochemical Market & Outlook in India 2025" report has been added to ResearchAndMarkets. 6 Leading Companies in Europe Petrochemicals Industry 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. As of today, it has rated more than 1000 companies and regional governments. Discover independent insight on feedstock supply and refining through to demand, trade, price, cost and margins. These include refinery technologies and equipment, such as the latest technologies and machinery for oil refining, including distillation processes, catalysts, and efficiency enhancement techniques. SINGAPORE (ICIS)–Japan’s petrochemical industry has a tepid outlook for the rest of the year amid continued weakness in China’s demand and the global economic slowdown, which coincides with rapid capacity expansion in Asia. Jun 29, 2023 · Overall, we view the petrochemical industry outlook over the next 12 months as somewhat negative. Imports recorded another milestone by surpassing RM1 trillion mark for the first Jan 2, 2025 · The most influential companies in the Petrochemical Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. The global chemical industry is estimated to be worth USD 6,182 billion in 2024 and is projected to grow to USD 6,324 billion by 2025, growing at a CAGR of 2. The growing role of petrochemicals is one of the key “blind spots” in the global energy debate. S. The Thailand Industry Outlook over the next 3 years (2023-2025) covers a range of factors that will have impacts on industries. GDP declining 2 days ago · Dublin, Jan. Jul 10, 2023 · PEFINDO which is locally-owned domestic credit rating agency, has been rating entities and their debt instruments listed in Indonesia Stock Exchange House. 2% from 2024 to 2033. The market size of the Chemicals industry in India . “Saudi Arabia’s petrochemical industry is committed to integrating environmental sustainability into its operations,” said Casas, while concluding, “SABIC, for example, aims for carbon neutrality in Asia-Pacific Chemical Market Size, Share & Trends Analysis Report by Type (Petrochemicals, Basic Inorganic, Polymers, Specialty Chemicals, Consumer Chemicals, and Others), Impact of COVID-19 on Asia-Pacific Chemical Industry, and Forecast 2019-2025 May 20, 2024 · The petrochemical market size is projected to be worth USD 1,132. 21 billion by 2033, growing at a CAGR of 5. 9-3. 56 Billion in 2024. Several state governments are promoting industries to set up new plant in chemicals and petrochemicals. Luncheon attendees are provided updates on current items of interest and briefings from preeminent executives on the latest topics impacting the petrochemical industry. 1 percent of oil demand within OECD countries. to gain access to shale gas as a cheaper petrochemical feedstock. Dec 9, 2024 · Insufficient domestic demand is exacerbating competition in global markets, as new large-scale petrochemical sites added over the past four years look for exports markets to optimise their operating rates. Jul 6, 2023 · “If the current pace continues, China will achieve 100 percent self-sufficiency in the production capacity of basic petrochemical feedstock such as ethylene by 2025,” said an industry source. The Energy transition investment outlook: 2025 and beyond provides critical insights from 1,400 senior executives across 36 countries and territories, highlighting investment trends, risks, and the evolving strategies that are shaping this journey. Our database includes 424 petrochemical startups and over 13000 total companies. Those factors include challenges and opportunities to represent the attractiveness of each industry that relies on the macroeconomic environment and sector-specific factors. This economic output is an amalgamation of basic petrochemical products, namely, ethylene, propylene, butadiene, methanol and aromatics including benzene, toluene and xylene. The market is further expected to grow at a CAGR of 6. The Thailand Industry Outlook over the next 3 years (2025-2027) covers a range of factors impacting the industries. 4 billion in 2015. Increased industrial activities, resumption of construction projects, and growing demand for petrochemical products contribute to the market’s recovery, signaling a positive outlook for the sector. This rationale concludes our view that the outlook for the domestic petrochemical industry in the second half of 2023 to the next 18 months (2H2023-2024) to remain stable. industry market size for Petrochemical Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. Chemicals and Materials. The 2025 Petrochemical Industry Outlook highlights emerging trends, innovations in green technologies, and investment strategies, offering insights into the sector’s growth and its role in the global economy. The industry risk profile is considered as intermediate due to high barrier to entry as it is a capital-intensive industry, Exports rose by 25% to RM1. 552 trillion, exceeding the Twelfth Malaysia Plan projection for 2025, three years ahead of the target. 80 billion by 2033 from USD 620. Liquids to chemicals leverages existing technology and new process design to bring “refining scale” to the chemical industry Source: S&P Global Commodity Insights Process Economics Program (PEP) Petrochemicals ExxonMobil Steam During the next three years (2019-2021), the petrochemical sector is forecast to see satisfactory levels of growth thanks to rising demand on domestic and export markets. China is likely to commence the operations of 412 petrochemicals projects between 2021 and 2025, accounting for about 50% of the total upcoming petrochemicals project starts in Asia by 2025, according to GlobalData, a leading data and analytics company. • Detailed analysis of IOT and rapid green technology adoption in production market of the chemical industry. 7 2024 Russia Petrochemicals Market Size and Outlook to 2031 8. cakwnv nxyql icgj ltmhqvcr ldbqjfs rjd tjuzqw qlzc zwcb waabme