Published on : Apr 05, 2016
ALBANY, New York, April 05, 2016 - The global petrochemical capacity is expected to rise to 1,708 million metric tons per annum by the end of 2020. This market was weighing in at 1,464 million metric tons per annum in 2015. The report estimates there to be more than 640 new projects lined up in the near future, with most of them held in the US, Iran, and China. These regions will show rapid growth rates in the global petrochemicals market in the given forecast period from 2016 to 2020.
The report also states that the global petrochemical industry could make expenditures close to US$162.30 bn before the end of 2020. A large chunk of these expenditures is expected to go into upcoming projects in petrochemicals. In terms of capital spending in this market, the report puts Russia, China, and the U.S. as the three most important countries till 2020.
The key players in the global petrochemicals capacity market, according to the report, are Chenhua Group Corp. Ltd., Petroliam Nasional Berhad, as well as China Petroleum & Chemical Corporation. The scope of the report includes giving details and expert insight into the forecast of the global petrochemicals capacity. The forecasts are segmented on the basis of region, and also make use of extensive historical data for petrochemical capacities.
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The report also provides an in-depth analysis of the global petrochemicals capacity market in terms of the plant details that have been planned out so far. It also discusses the share of capacities that each of the major producers in the petrochemical industry holds in the global market. The report also provides a forecast analysis of the expenditure rates and scope in the global petrochemicals capacity market for the given period, in terms of geography.
The report helps users identify the various opportunities that are expected to emerge in the petrochemical industry in the near future. These opportunities could present themselves as upcoming projects as well as investment opportunities. The report also provides a forecast of the capital expenditure within the market.
The report comprises definitions and abbreviations that are critical in fully understanding the data presented about the global petrochemicals market. A key definition of the market is derived from the installed capacities around the world.
The research methodology incorporates a deep coverage of all top competitors in the global petrochemicals capacity market, primary and secondary research methodologies, as well as validations that are made by a panel of industry experts.
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