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

Buy Now

Request Sample

Press Release

Global Petrochemicals Market Driven by Rising Demand from

China, to Exhibit 6.8% CAGR from 2014 to 2020 : TMR

Transparency Market Research

State Tower,

90, State Street, Suite 700.

Albany, NY 12207

United States

www.transparencymarketresearch.com

sales@transparencymarketresearch.com

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 :

http://www.transparencymarketresearch.com/petrochemicals.html

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...