Petrochemicals Market Growth in Emerging Economies: Trends and Challenges
The Petrochemicals Market is broad and includes a mixture of many chemicals produced out of petroleum and natural gases, since they are essential raw materials used throughout such sectors as plastics, fertilizers, packaging, vehicles, electronic, and textiles. The petrochemicals are categorized as olefins, aromatics and derivatives and comprise the basis of a major part of all industrial processes. The main task of the market is to support the world industrial chemical intermediates demand and be responsive to volatile environmental requirements and feedstock options. The growth forecast and market size of the global petrochemicals industry 2025-2035 indicator signifies resilient expansion, due to the developing consumer-demand, as well as downstream processing. The petrochemical industry is going through the phase of transformation in terms of proliferation of manufacturing all over Asia and the technological revolution of the chemical process industry. The evolving i...