Petrochemical Manufacturing in the US - Industry Market Research Report

Petrochemical Manufacturing in the US - Industry Market Research Report

  • October 2021 •
  • 43 pages •
  • Report ID: 184412 •
  • Format: PDF
Good chemistry: Downstream buying markets are expected to generate substantial demand

Abstract

Petrochemical Manufacturing in the US
The Petrochemical Manufacturing industry produces goods that make up the fundamental building blocks of a wide range of consumer and industrial products, including detergents and pharmaceuticals. Since petrochemicals are essential to the production of many products, demand for industry products is relatively stable. Nevertheless, over the five years to 2019, industry revenue has been volatile and sensitive to changes in the prices of its key inputs, such as crude oil and natural gas. Over the five years to 2024, industry revenue is projected to grow. Top line industry revenue is expected to recover as commodity prices eventually rise. Vertically integrated companies are expected to be able to take advantage of their economies of scale and further expand production. Furthermore, downstream buying markets are expected to generate substantial demand over the next five years.

This industry manufactures petrochemicals, which are chemicals derived from refined petroleum or liquid hydrocarbons. Key products include ethylene, propylene, butylene, benzene, toluene, styrene, xylene, ethyl benzene and cumene. These products are used in the production of consumer products, automotive components and various durable and nondurable goods. Organic compounds, such as ethyl alcohol, and inorganic chemicals, such as carbon black, are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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