Pyrolysis gasoline is an example of a commodity whose demand in end-use industries is steadily increasing. The by-product obtained during the high-temperature processing of propylene and ethylene from naphtha is known as pygas or pyrolysis gasoline. Pyrolysis gasoline is a colourless yellow liquid with high aromatic content and a high octane number ranging from C5 to C12, as well as a density lower than water. Pyrolysis gasoline is extremely flammable in both vapour and liquid form, and it is thermally stable at low temperatures but can decompose at higher temperatures. In motor fuels, pyrolysis gasoline is used as a booster. It is also widely used in the manufacture of petrochemicals. Between the forecast period and the end of the forecast period, innovative innovations to increase demand for pyrolysis gasoline are expected to see substantial market growth.
MARKET DYNAMICS
North America and European countries are the most important drivers of pyrolysis gasoline development, followed by the Asia Pacific region. Various factors, such as its use in boosting octane for motor fuels in petrochemical operations and as an internal source of fuel oil products and for benzene, are driving demand. Additional gum formation during the pyrolysis gasoline process is posing a problem for the manufacturers. The use of pyrolysis gasoline as a blending mixture is becoming more difficult due to stringent regulations imposed by governments in various countries regarding aromatic material.
MARKET SCOPE
The "Global Pyrolysis Gasoline 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 pyrolysis gasoline market report aims to provide an overview of the pyrolysis gasoline market with detailed market segmentation by type, application, and geography. The global pyrolysis gasoline market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading pyrolysis gasoline market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global pyrolysis gasoline market is segmented on the basis of type, and application. Based on type, the pyrolysis gasoline market is segmented into: raw pyrolysis gasoline, and hydrogenated pyrolysis gasoline. On the basis of application, the pyrolysis gasoline market is segmented into: aromatics extraction, refinery feedstock, fractionation for benzene, and other.
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 pyrolysis gasoline 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 pyrolysis gasoline 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 pyrolysis gasoline 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 pyrolysis gasoline market in these regions.
MARKET PLAYERS
The reports cover key developments in the pyrolysis gasoline 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 pyrolysis gasoline market are anticipated to lucrative growth opportunities in the future with the rising demand for pyrolysis gasoline in the global market. Below mentioned is the list of few companies engaged in the Pyrolysis gasoline market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the pyrolysis gasoline 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.
- Chevron Phillips Chemical Company LLC.
- Dow
- Haldia Petrochemicals Limited
- HIP-Petrohemija
- Jam Petrochemical Company
- ONGC Petro additions Limited.
- Ras Laffan Olefins Company Limited
- SABIC
- Shell
- Sud-Chemie India Pvt Ltd
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