Global Crude to Chemical Market Overview
According to SPER Market Research, the Global Crude to Chemical Market is estimated to reach USD 942.57 billion by 2032 with a CAGR of 7.58%.
The global crude to chemical market is an industry that involves the conversion of crude oil into chemicals using advanced refining technologies. The process of converting crude oil into chemicals involves breaking down the hydrocarbon molecules in crude oil into simpler molecules using technologies such as steam cracking, catalytic cracking, and others. This results in the production of various chemicals and petrochemicals that are used in a wide range of applications such as plastics, fertilizers, synthetic fibers, and many more. The market is driven by the increasing demand for chemicals and petrochemicals, advancements in refining technologies, and the focus on sustainability and reducing carbon emissions. The major players in the global crude to chemical market include companies such as ExxonMobil, BASF SE, Sinopec, Royal Dutch Shell, Saudi Aramco, and many others.
The global crude to chemical market is a growing industry that involves converting crude oil into chemicals using advanced refining technologies such as steam cracking, catalytic cracking, and others. This market is driven by the increasing demand for chemicals and petrochemicals, as well as the need for more sustainable and cost-effective production methods. The growth of the market is driven by several factors such as the increasing demand for chemicals and petrochemicals, growing focus on sustainability and reducing carbon emissions, and advancements in refining technologies. The Asia-Pacific region is the largest market for crude to chemical, with China, Japan, and South Korea being the major players in the region. The region is witnessing significant growth in the market due to the increasing demand for chemicals and petrochemicals, and the focus on reducing carbon emissions and adopting more sustainable production methods.
The Middle East and Africa region is also a significant player in the global crude to chemical market, with Saudi Arabia and the United Arab Emirates being the major contributors to the market. The region has abundant crude oil reserves, which make it an ideal location for the production of chemicals and petrochemicals.
North America and Europe are also witnessing significant growth in the crude to chemical market, driven by the increasing demand for chemicals and the focus on reducing carbon emissions and adopting sustainable production methods.
Overall, the global crude to chemical market is expected to continue growing in the coming years, driven by the increasing demand for chemicals and petrochemicals, advancements in refining technologies, and the focus on sustainability and reducing carbon emissions.
Impact of COVID-19 on the Global Crude to Chemical Market
The COVID-19 pandemic has had a mixed impact on the global crude to chemical market. The pandemic has caused significant disruptions in the global economy, leading to a decline in demand for crude oil and petroleum products, including chemicals and petrochemicals. This has resulted in a decline in prices and reduced production in the crude to chemical market.
However, the pandemic has also highlighted the importance of sustainable and environmentally friendly production methods, which has led to an increased focus on reducing carbon emissions and adopting more sustainable production methods in the crude to chemical industry. This has led to increased investments in research and development of new technologies and processes for the conversion of crude oil into chemicals.
In addition, the pandemic has also led to increased demand for certain chemicals and petrochemicals, such as those used in the production of personal protective equipment (PPE) and cleaning products. This has led to a shift in production and increased investments in the production of these essential chemicals and petrochemicals.
Overall, the impact of the COVID-19 pandemic on the global crude to chemical market has been mixed. While it has caused significant disruptions and reduced demand in some sectors, it has also led to increased focus on sustainability and the adoption of more sustainable and environmentally friendly production methods. The long-term outlook for the market remains positive, as the demand for chemicals and petrochemicals is expected to continue to grow in the coming years.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Application, By End User, By Technology.
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Asahi Kasei Corporation, Dupon, Hyosung Corporation, Indorama Industries Limited, Invista, Jiangsu Shaungliang Spandex Co.Ltd, Taekwang Industrial Co. Ltd, Tayho Advanced Materials Co.Ltd, Tk Chemical Corp, Xiamen Lilong Spandex Co.Ltd, Yantai, Zhejiang Huafon Spandex Co. Ltd.
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Global Crude to Chemical Market Segmentation:
1. By Application:
- Adhesives & Sealants
- Dyes
- Polymers
- Paints & Coatings
- Rubber
- Surfactants
- Solvent
2. By End User:
- Automotive & Transportation
- Building & Construction
- Electrical & Electronics
- Healthcare
3. By Technology:
- Steam Cracking Technology
- De-asphalting Technology
- Hydrocracking Technology
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Crude to Chemical Market (FY’2019-FY’2032)
- Overview of Global Crude to Chemical Market
- Segmentation of Global Crude to Chemical Market By Application (Adhesives & Sealants, Dyes, Polymers, Paints & Coatings, Rubber, Surfactants, Solvent, Others)
- Segmentation of Global Crude to Chemical Market By End User (Automotive & Transportation, Building & Construction, Electrical & Electronics, Healthcare, Other)
- Segmentation of Global Crude to Chemical Market By Technology (Steam Cracking Technology, De-asphalting Technology, Hydrocracking Technology)
- Statistical Snap of Global Crude to Chemical Market
- Growth Analysis of Global Crude to Chemical Market
- Problems and Challenges in Global Crude to Chemical Market
- Competitive Landscape in the Global Crude to Chemical Market
- Impact of COVID-19 and Demonetization on Global Crude to Chemical Market
- Details on Recent Investment in Global Crude to Chemical Market
- Competitive Analysis of Global Crude to Chemical Market
- Major Players in the Global Crude to Chemical Market
- SWOT Analysis of Global Crude to Chemical Market
- Global Crude to Chemical Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Crude to Chemical Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Crude to Chemical Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Crude to Chemical Market
7. Global Crude to Chemical Market, By Application , 2019-2032 (USD Million)
7.1 Adhesives & Sealants
7.2 Dyes
7.3 Polymers
7.4 Paints & Coatings
7.5 Rubber
7.6 Surfactants
7.7 Solvent
7.8 Others
8. Global Crude to Chemical Market, By End User, 2019-2032 (USD Million)
8.1 Automotive & Transportation
8.2 Building & Construction
8.3 Electrical & Electronics
8.4 Healthcare
8.5 Other
9. Global Crude to Chemical Market, By Technology, 2019-2032 (USD Million)
9.1 Steam Cracking Technology
9.2 De-asphalting Technology
9.3 Hydrocracking Technology
10. Global Commercial Washing Market, By Region, 2019-2032 (USD Million)
10.1. Global Crude to Chemical Market Size and Market Share by Region (2019-2025)
10.2. Global Crude to Chemical Market Size and Market Share by Region (2026-2032)
10.3. Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Asahi Kasei Corporation
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 DuPon
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Hyosung Corporation
11.1 Company details
11.2 Financial outlook
11.3 Product summary
11.4 Recent developments
11.4 Indorama Industries Limited
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Invista
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Jiangsu Shaungliang Spandex Co.Ltd
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Taekwang Industrial Co. Ltd
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Tayho Advanced Materials Co.Ltd
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 TK Chemical Corp
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 Xiamen Lilong Spandex Co.Ltd
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 Yantai
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
11.12 Zhejiang Huafon Spandex Co. Ltd
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope