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Petrochemicals Global Market Briefings Report 2016

  • April 2016
  • -
  • TBRC Business Research
  • -
  • 20 pages

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Petrochemicals are chemicals products derived from petroleum. They are also called petroleum distillates. Some of the same chemicals compounds as petrochemicals are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as corn or sugar cane but, but these are not included in the petrochemicals industry.
Asia was the largest geographic market in the petrochemicals market in 2015, accounting for $XX billion or XX% of the global market. Asia is the largest market because of its robust manufacturing Industry, a major user of petrochemicals, in China and India. Europe was the second largest geographic market, accounting for $XX billion or XX% of the global market. The Americas was the third largest geographic market, accounting for $XX billion or XX% of the global market.
Petrochemical companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters and pressure transmitters that help to improve an organizations operational efficiency. For example, Siemens process instrumentation and gas analytics solutions increases productivity and efficiency during plant operations.

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