Crude-To-Chemicals Market Report: Trends, Forecast and Competitive Analysis to 2030

Crude-To-Chemicals Trends and Forecast

The future of the global crude-to-chemicals market looks promising with opportunities in the adhesives & sealant, polymers, paints & coatings & dyes, surfactant, and rubber & solvent markets. The global crude-to-chemicals market is expected to reach an estimated $166.3 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing usage of polymer in automotive industry, rising demand for electric vehicles, as well as, increasing demand for petrochemical products worldwide.

A more than 150-page report is developed to help in your business decisions.

Crude-To-Chemicals by Segment

The study includes a forecast for the global crude-to-chemicals by technology, application, and region.

Crude-To-Chemicals Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Steam Cracking Technology
• De-Asphalting Technology
• Hydrocracking Technology

Crude-To-Chemicals Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Adhesives & Sealants
• Polymers
• Paints & Coatings & Dyes
• Surfactants
• Rubber & Solvent
• Others

Crude-To-Chemicals Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Crude-To-Chemicals Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies crude-to-chemicals companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the crude-to-chemicals companies profiled in this report include-

• Saudi Arabian Oil
• Shell Global
• Indian Oil
• ExxonMobil
• Sinopec
• Hengli Petrochemical
• Reliance

Crude-To-Chemicals Market Insights

Lucintel forecasts that steam cracking technology will remain the largest segment over the forecast period because it is the most extensively utilized technique, hydrocarbons are heated at high temperatures and pressures during the steam cracking process, which breaks them down into smaller molecules that may be utilized to make other petrochemicals including ethylene, propylene, butadiene, and benzene.

APAC will remain the largest region over the forecast period due to growing need for chemicals and petrochemicals in the region's many end-use sectors, including consumer products, construction, automotive, and packaging.

Features of the Global Crude-To-Chemicals Market

Market Size Estimates: Crude-to-chemicals market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Crude-to-chemicals market size by technology, application, and region in terms of value ($B).

Regional Analysis: Crude-to-chemicals market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technology, application, and regions for the crude-to-chemicals market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the crude-to-chemicals market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the crude-to-chemicals market size?

Answer: The global crude-to-chemicals market is expected to reach an estimated $166.3 billion by 2030.

Q2. What is the growth forecast for crude-to-chemicals market?

Answer: The global crude-to-chemicals market is expected to grow with a CAGR of 7.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the crude-to-chemicals market?

Answer: The major drivers for this market are growing usage of polymer in automotive industry, rising demand for electric vehicles, as well as, increasing demand for petrochemical products worldwide.

Q4. What are the major segments for crude-to-chemicals market?

Answer: The future of the global crude-to-chemicals market looks promising with opportunities in the adhesives & sealant, polymers, paints & coatings & dyes, surfactant, and rubber & solvent markets.

Q5. Who are the key crude-to-chemicals market companies?

Answer: Some of the key crude-to-chemicals companies are as follows.

• Saudi Arabian Oil
• Shell Global
• Indian Oil
• ExxonMobil
• Sinopec
• Hengli Petrochemical
• Reliance

Q6. Which crude-to-chemicals market segment will be the largest in future?

Answer: Lucintel forecasts that steam cracking technology will remain the largest segment over the forecast period because it is the most extensively utilized technique, hydrocarbons are heated at high temperatures and pressures during the steam cracking process, which breaks them down into smaller molecules that may be utilized to make other petrochemicals including ethylene, propylene, butadiene, and benzene.

Q7. In crude-to-chemicals market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing need for chemicals and petrochemicals in the region's many end-use sectors, including consumer products, construction, automotive, and packaging.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the crude-to-chemicals market by technology (steam cracking technology, de-asphalting technology, and hydrocracking technology), application (adhesives & sealants, polymers, paints & coatings & dyes, surfactants, rubber & solvent, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?