Chemicals Market Definition

Chemical compounds are substances that are produced based on the transformation of organic and inorganic raw materials by a chemical process and the formulation of products. Chemicals have characteristics such as flammability, toxicity, acidity, reactivity, and heat of combustion. The main types of chemicals are general chemical products, printing inks, toiletries, soap and cleaning compounds, adhesives, paints and coatings, pesticide and other types of agricultural chemicals, chemical fertilizers, synthetic rubber and fibers, plastic material and resins, ethyl alcohol, and other basic types of organic chemical, and other types of basic inorganic chemical, synthetic dye, and pigment, industrial gas, and petrochemicals. Printing ink is ink used in printing and contains a pigment or pigments of the required color mixed with oil or varnish. The types of intermediate chemicals are methanol, ethylene oxide, and propylene oxide. The end-users involved are pharmaceuticals, agrochemicals, water treatment, construction, paints and dyes, oil and gas, rubber chemicals, surfactants, personal care, and other end-users.

Chemicals Market Segmentation

The chemicals market covered in this report is segmented – 1) By Type: General Chemical Product, Printing Inks, Toiletries, Soap and Cleaning Compounds, Adhesives, Paints and Coatings, Pesticide and Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber and Fibers, Plastic Material and Resins, Ethyl Alcohol and Other Basic Organic Chemical, Other Basic Inorganic Chemical, Synthetic Dye and Pigment, Industrial Gas, Petrochemicals 2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide 3) By End Userr: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints and Dyes, Oil & Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users Subsegments Covered:, Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks, Lotions (Including Sunscreens), Hair Preparations, Face Creams, Perfumes, Shaving Preparations, Other Cosmetic Preparations, Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods, Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives, Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings, Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals, Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer, Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers, Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins, Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals Synthetic Dye, Synthetic Pigments, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas, Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals

Ethylene-Petrochemicals Market Definition

Ethylene petrochemical refers to an acyclic hydrocarbon which is a colorless, flammable gas with a faint sweet and musky odor when it's pure. It is the simplest alkene widely used in industry and is also a plant hormone. The main feedstocks of ethylene-petrochemicals are naphtha, ethane, propane, butane, and other feedstocks. Ethane is defined as an odorless, gaseous, and colorless hydrocarbon compound. Ethane is considered to be the simplest hydrocarbon compound containing a single carbon-carbon bond. The various applications of ethylene include polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, vinyl acetate, and alpha-olefins. The main end-use industries in which ethylene is used are packaging, automotive, construction, agrochemicals, and textiles.

Ethylene-Petrochemicals Market Segmentation

The ethylene-petrochemicals market covered in this report is segmented – 1) By Feedstock: Naphtha, Ethane, Propane, Butane, Other Feedstocks 2) By Application: Polyethylene, Ethylene oxide, Ethylene benzene, Ethylene dichloride, Vinyl Acetate, Alpha Olefins 3) By End User Industry: Packaging, Automotive, Construction, Agrochemical, Textile

Benzene-Petrochemicals Market Definition

Benzene petrochemical refers to an aromatic hydrocarbon produced from cracked gasoline. It is highly flammable and has a sweet odor. Benzene is manufactured naturally by volcanoes and forest fires. The main manufacturing processes of benzene include pyrolysis steam cracking of naphtha, catalytic reforming of naphtha, toluene hydrodealkylation, toluene disproportionation, and biomass. Toluene disproportionation is referred to as a trans-alkylation reaction that converts toluene into xylene and benzene. The reaction occurs in the presence of hydrogen, on a bed of nickel-mordenite catalyst. The major derivatives from which benzene is derived are ethylbenzene, cumene, alkylbenzene, aniline, chlorobenzene, cyclohexane, maleic anhydride, and other derivatives. The various applications of benzene include plastics, resins, synthetic fibers, and rubber lubricants.

Benzene-Petrochemicals Market Segmentation

The benzene-petrochemicals market covered in this report is segmented – 1) By Manufacturing Process: Pyrolysis Steam Cracking of Naphtha, Catalytic Reforming of Naphtha, Toluene Hydrodealkylation, Toluene Disproportionation, From Biomass 2) By Derivative: Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Other Derivatives 3) By Application: Plastics, Resins, Synthetic Fibers, Rubber Lubricants

Petroleum Coke Market Definition

Petroleum coke (also known as pet coke) is a by-product produced when tar sands bitumen is processed into crude oil. It is known as green coke until it is thermally processed and converted into crystalline or calcined pet coke, which is utilized in the production of electrodes for steel and aluminum extraction. The main types of petroleum coke are fuel grade and calcined coke. Calcined coke is created by placing high-quality raw green petroleum coke into rotary kilns when it is heated to temperatures ranging from 1200 to 1350 degrees Celsius (2192 to 2460 degrees Fahrenheit). Calcined petroleum coke is an important component in the manufacturing of aluminum. The various physical forms of petroleum coke include needle coke, sponge coke, catalyst coke, shot coke, and purge coke that is used in power plants, cement kilns, steel, aluminum, fertilizer, and other applications.

Petroleum Coke Market Segmentation

The petroleum coke market covered in this report is segmented – 1) By Type: Fuel Grade, Calcined Coke 2) By Physical Form: Needle Coke, Sponge Coke, Shot Coke, Honeycomb Coke 3) By Application: Power Plants, Cement Kilns, Steel, Aluminium, Fertilizer, Other Applications

Refined Petroleum Products Market Definition

The refined petroleum products are derived by refining petroleum. The refined petroleum products have different physical and chemical properties depending on the kind of crude oil and subsequent refining procedures. The main types of petroleum products are diesel, gasoline, fuel oil, kerosene, and other refined petroleum products. Gasoline is a petroleum-based fuel made from crude oil and other liquids. Gasoline is primarily used in vehicles as an engine fuel. The various fraction includes light distillates, middle distillates, heavy oils, and the different refinery type are integrated refined petroleum product and non-integrated refined petroleum product. The applications of refined petroleum products are fuel, chemicals, and others.

Refined Petroleum Products Market Segmentation

The refined petroleum products market covered in this report is segmented – 1) By Type: Diesel, Gasoline, Fuel Oil, Kerosene, Other Refined Petroleum Products 2) By Fraction: Light Distillates, Middle Distillates, Heavy Oils 3) By Refinery Type: Integrated Refined Petroleum Product, Non-Integrated Refined Petroleum Product 4) By Application: Fuel, Chemical, Other Applications

Petrochemicals Market Definition

The petrochemicals refer to distinct chemicals made from refined petroleum or liquid hydrocarbons that are used for commercial purposes. The petrochemicals are also made from other fossil fuels, such as coal, natural gas, and renewable sources such as maize, sugar cane, or palm fruit. The main types of petrochemicals are ethylene-petrochemicals, propylene-petrochemicals, benzene-petrochemicals, xylene, styrene-petrochemicals, toluene, cumene, and other types of petrochemicals. Xylene is an aromatic hydrocarbon existing in three isomeric forms, all three being colorless flammable volatile liquids used as solvents and for the manufacturing of synthetic resins, dyes, and insecticides such as dimethylbenzene. The applications are polymers, paints and coatings, solvents, rubber, adhesives and sealants, surfactants, pigments and dyes, fibers and fabrics, and other applications. The end-user industries are construction, packaging, automotive and transportation, healthcare, electrical and electronics, and other end-user industries.

Petrochemicals Market Segmentation

The petrochemicals market covered in this report is segmented – 1) By Type: Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals 2) By Application: Polymers, Paints & Coatings, Solvents, Rubber, Adhesives & Sealants, Surfactants, Pigments & Dyes, Fibers & Fabrics, Other Applications 3) By End User Industry: Textile, Furniture, Paints And Coatings, Pharmaceuticals, Synthetic Rubber And Fibers, Plastic Materials And Resins, Toiletries And Cleaning Compounds, Other End Users

Styrene is a colorless, gritty organic compound derived from benzene. Styrene is readily evaporable and is also used as a precursor to polystyrene and several other copolymers. The main types of styrene market are acrylonitrile butadiene styrene, expanded polystyrene, and other types. Expanded polystyrene (EPS) is a rigid, tough, and lightweight thermoplastic product. EPS is good for the packaging and construction industries because of its lightweight, strong, and excellent thermal insulation properties. It is also segmented by application into automotive, construction, packaging, consumer goods, and others that are available through offline and online distribution channels. The global styrene market is segmented - 1) By Type: Acrylonitrile butadiene styrene (ABS), Expanded polystyrene (EPS), Other Types 2) By Application: Automotive, Construction, Packaging consumer goods, Other Applications 3) By Distribution Channel: Offline, Online The global styrene market size is expected to grow from $49.3 billion in 2021 to $52.28 billion in 2022 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global styrene is expected to grow to $62.81 billion in 2026 at a CAGR of 4.7%. The high demand for polystyrene drives the growth of the styrene market. Styrene is used to produce polystyrene through suspension polymerization. Polystyrene is a versatile plastic used for the manufacturing of refrigerators, air conditioners, ovens, microwaves, and vacuum cleaners. Polystyrene is majorly used in the packaging industry as it keeps food fresher for a longer duration. The demand for polystyrene is high in the automobile industry, where it is used in manufacturing car knobs, instrument panels, trim, energy-absorbing door panels, and sound-dampening foam. Thus, strong demand for polystyrene has resulted in a rise in demand. For instance, India and Iran are expected to lead the capacity expansion in the forecast period in order to cater to the demand. In India, Supreme Petrochem and LG Polymers India are expected to add 0.15 mtpa and 0.03 mtpa (million tons per annum) respectively. Thus, the rising demand for polystyrene and its derivatives positively drives the growth of the styrene market. Major players in the styrene market are Alpek SAB DE CV, Ashland Inc., Ineos Group AG, Nova Chemicals Corporation, Bayer Material science, Chevron Phillips Chemical Company LLC., ENI S.p.A., INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC), and Total S.A. The increasing health and environmental concerns due to the use of styrene limits the demand for styrene. Styrene is primarily used in the production of plastics and other resins. Short-term exposure to styrene in humans is known to result in mucous membrane and eye irritation and gastrointestinal effects, whereas long-term exposure to styrene results in effects on the central nervous system (CNS), such as headache, fatigue, weakness, depression, CSN dysfunction, hearing loss, and peripheral neuropathy. In animals, oral exposure to styrene affects the liver, blood, kidneys, and stomach. Thus, the ill effects of styrene on health and the environment restrict the growth of the styrene market. The companies in the styrene market are working towards developing techniques to recycle styrene. In order to increase the efficiency and popularity of styrene, companies are investing in developing methods to recycle styrene. In January 2022, Agilyx, a Norway-based chemical recycling firm and Toyo Styrene, a Japanese chemicals firm partnered and commenced the construction of Toyo Styrene Co Ltd polystyrene (PS) chemical recycling plant in Chiba, Japan. The plant will boast the per day capacity to recycle 10 tons of post-use polystyrene, a product produced from styrene and used in the manufacturing of tires, back into new styrene monomer for the future of the industry. In October 2020, Shrieve Chemical Company, a US-based chemicals company acquired Styrene Business unit and other assets of CLP Chemicals for an undisclosed amount. The acquisition expands Shrieve’s products offering and enhances its customer service. CLP Chemicals is an American industrial chemical distributor. Asia-Pacific was the largest region in the styrene market in 2022. North America was the second-largest region in the styrene market report. The regions covered in the styrene analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the styrene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The styrene market consists of the sales of styrene used for making synthetic rubber, resins, and plastics and improving drying oils. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The styrene market research report is one of a series of new reports from The Business Research Company that provides styrene market statistics, including styrene industry global market size, regional shares, competitors with a styrene market share, detailed styrene market segments, market trends and opportunities, and any further data you may need to thrive in the styrene industry. This styrene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Propylene is a basic versatile chemical as ethylene used in the manufacture of common household items. Propylene is a component of the addition polymer poly (propane), and it is also used in the production of epoxy propane and propanol. The main derivatives of propylene are polypropylene, propylene oxide, cumene, acrylonitrile, acrylic acid, acrylates, alcohols, and other derivatives. Polypropylene is a synthetic resin built by the polymerization of propylene. These are used in various applications of organic chemical raw materials, synthetic resins, fine chemicals, and other applications that are implemented by end-user industries such as automotive, construction, packaging, textile, and other end-use industries. The global propylene market is segmented - 1) By Derivatives: Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Acrylic acid & Acrylates, Alcohols, Other Derivatives 2) By Application: Organic Chemical Raw Materials, Synthetic Resins, Fine Chemicals, Other Applications 3) By End User Industry: Automotive, Construction, Packaging, Textile, Other End-Use Industries The global propylene market size will grow from $104.04 billion in 2022 to $107.4 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global propylene is expected to grow to $121.74 billion in 2027 at a CAGR of 3.2%. The propylene market is expected to benefit from growth in the automobile industry during the forecast period. Polypropylene is a polymer produced from the propylene monomer which is used in the automobile industry. Large-scale production of automobiles is leading to an increase in demand for polypropylene products, which are used in the manufacturing of battery cases and trays, bumpers, interior trim, instrument panels, fender liners, door trims, and other components. According to the International Energy Agency, car sales reached 73 million in 2020 and are expected to increase more in the future. Thus, increased use of plastics in automobiles is expected to increase the demand for propylene during the forecast period. Major players in the propylene market are AGC Chemicals, Archer Daniels Midland Company, Asahi Kasei Corporation, BASF SE, Chevron Phillips Chemical Company, China National Petroleum Corp. (CNPC), China Petrochemical Corporation, Dangote Industries Ltd., Eni SpA, and Enterprise Products Partners L.P. Stringent safety regulations associated with the manufacture and transportation of propylene were a significant market restraint. Propylene is highly inflammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Propylene suppliers should invest in equipment, technologies, and processes to limit the toxic levels and chemical concentrations. These regulations increased the operating costs of companies in the propylene industry, thus limiting the scope for investments relating to the launch of new products and expansion into new markets, thereby affecting the market growth. Petrochemical companies are adopting on-purpose propylene production technologies to produce propylene as a sole product but not as an alternate or co-product. On-purpose propylene technology refers to a modified version of the traditional fluid catalytic cracking unit which increases propylene yield by 20% more than the actual output. Traditional sources for propylene, which include steam crackers and oil refineries, yield fewer propylene as a derivative or co-product due to a shift in feedstocks from naphtha to ethane. To meet the increased demand for propylene, petrochemical companies are investing in developing on-purpose technologies to accelerate the shortfall in propylene production. Major on-purpose technologies include propane dehydrogenation, methanol-to-olefins/methanol-to-propylene (MTO/MTP), high-severity fluidized catalytic cracking (HS-FCC), coal-to-olefins/coal-to-propylene (CTO/CTP), and gas-to-olefins (GTO). For instance, major companies adopting this technology include BASF, Dow Chemical, ExxonMobil Chemical, and Sidi Kerir Petrochemicals Co (SIDPEC). In January 2022, Invista, a US-based fiber, resin and intermediates company acquired propylene business of Flint Hills Resources for an undisclosed amount. The acquisition includes chemical facilities in Houston and Longview, Texas, ownership of pipelines that supply facilities, and support employees. The deal added propylene portfolio to Invista and enables future growth. Flint Hills Resources is an American refining company. The Asia-Pacific was the largest region in the propylene market in 2022. North America was the second-largest region in the global propylene market. The regions covered in the global propylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the propylene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The propylene market consists of the sales of propylene used in the production of acrylics, rubbing alcohol, epoxy glue, and carpets. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The propylene market research report is one of a series of new reports from The Business Research Company that provides propylene market statistics, including propylene industry global market size, regional shares, competitors with a propylene market share, detailed propylene market segments, market trends and opportunities, and any further data you may need to thrive in the propylene industry. This propylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.