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Petrochemicals Global Market Report 2018

Petrochemicals Global Market Report 2018

  • February 2018
  • 125 pages
  • ID: 5308936

Summary

Table of Contents

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. The petrochemicals manufacturing industry comprises establishments that primarily engage in manufacturing acyclic (aliphatic) hydrocarbons such as ethylene, propylene and butylene made from refined petroleum or liquid hydrocarbons and establishments that manufacture cyclic aromatic hydrocarbons such as benzene, toluene, styrene, xylene, ethyl benzene, and cumene from refined petroleum or liquid hydrocarbons. Hydrocarbons are organic compounds consisting entirely of hydrogen and carbon.

Western Europe was the largest region in the petrochemicals market in 2017, accounting for 54% market share. Asia Pacific was the second largest region accounting for 23% market share. Africa was the lowest region accounting for 2% market share.

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.

Please note: this report requires certain updates. We have all the information available but require 3 working days business days to complete the process and ensure it is as up-to-date as possible.


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