The most common feedstock materials used in the petrochemical industry is petroleum liquid feedstock (naphtha and gas oil). Gas oil is used as a feedstock in the steam cracking process, while naphtha is used as a feedstock for the production of petrochemicals such as propylene, ethylene, and aromatics. It's used to make oil, industrial solvents, fuels, and diesel, among other things.
MARKET DYNAMICS
The market is growing due to rising demand for applications in aromatics and gasoline, as it is used in the manufacture of high-quality aromatics and high-octane gasoline. The market is being propelled forward by rising fuel consumption in the automation and domestic transportation industries. The big restraining factor for the petroleum feedstock market is the drop in oil prices around the world, as well as growing environmental concerns. In the forecast era, rising oil and gas prices, petrochemical growth, and increased automotive vehicles are some of the opportunities for market growth.
MARKET SCOPE
The "Global Petroleum liquid feedstock Market Analysis To 2028" is a specialized and in-depth study of energy and power industry with a special focus on the global market trend analysis. The petroleum liquid feedstock market report aims to provide an overview of the petroleum liquid feedstock market with detailed market segmentation by type, application, product tye, and geography. The global petroleum liquid feedstock market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading petroleum liquid feedstock market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global petroleum liquid feedstock market is segmented on the basis of type, application, and product type. Based on type, the petroleum liquid feedstock market is segmented into: heavy naphtha, and light naphtha. On the basis of application, the petroleum liquid feedstock market is segmented into: industrial solvents, gasoline, cleaning fluids, adulterant to petrol, and others. On the basis of product type, the petroleum liquid feedstock market is segmented as ethylene, benzene, propylene, hexane, naphthalene, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global petroleum liquid feedstock market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The petroleum liquid feedstock market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the petroleum liquid feedstock market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the petroleum liquid feedstock market in these regions.
MARKET PLAYERS
The reports cover key developments in the petroleum liquid feedstock market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from petroleum liquid feedstock market are anticipated to lucrative growth opportunities in the future with the rising demand for petroleum liquid feedstock in the global market. Below mentioned is the list of few companies engaged in the petroleum liquid feedstock market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the petroleum liquid feedstock market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- bp p.l.c.
- Chevron Corporation.
- China National Petroleum Corporation
- China Petrochemical Corporation.
- Exxon Mobil Corporation.
- Idemitsu Kosan Co.,Ltd.
- Reliance Industries Limited.
- Royal Dutch Shell Plc
- Saudi Arabian Oil Co.
- Total SE
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