Petrochemicals Market - Global Industry Analysis, Forecast 2014 – 2020

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

Petrochemicals Market is Expected to Reach US$ 885.07 Bn by

2020 : TMR

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Petrochemicals Market

REPORT DESCRIPTION

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

Transparency Market Research has released a new market report titled “Petrochemicals Market - Global

Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to the report, the

global petrochemicals market was valued at US$ 558.61 Bn in 2013 and is anticipated to reach US$ 885.07 Bn

by 2020, expanding at a CAGR of 6.8% from 2014 to 2020.

Browse the full Petrochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and

Forecast, 2014 - 2020 report at : http://www.transparencymarketresearch.com/petrochemicals.html

Petrochemicals are widely used in various end-use industries such as construction, automobile and packaging.

Hence, growth in these end-use industries is one of the major factors driving the global petrochemicals market.

Abundant availability of raw materials in the Middle East - the region is one of the largest producers and

exporters of crude oil and natural gas in the world - is another factor boosting the petrochemicals market.

Government initiatives in India and China for establishing petrochemical complexes are also expected to drive

the market for petrochemicals. However, shift towards bio-based chemicals coupled with environmental issues

arising due to usage of various petrochemicals is projected to hamper market growth during the forecast

period.

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