Global Purified Terephthalic Acid Market

The superabsorbent polymer refer to a water-absorbing polymer that can absorb and retain extremely large amounts of a liquid relative to its mass. It is used as an absorbent for water and aqueous solutions for diapers, adult incontinence products, feminine hygiene products, and similar applications. The main types of superabsorbent polymers are sodium polyacrylate, polyacrylate/polyacrylamide, and copolymers. Sodium polyacrylate refers to the superabsorbent polymers that contain sodium atoms and distributes equally between the network and the water. The different superabsorbent polymer production methods include suspension polymerization, solution polymerization, and gel polymerization which are used for applications such as personal hygiene, packaging, construction, oil and gas, and other applications. The superabsorbent polymers market research report is one of a series of new reports from The Business Research Company that provides superabsorbent polymers market statistics, including superabsorbent polymers industry global market size, regional shares, competitors with a superabsorbent polymers market share, detailed superabsorbent polymers market segments, market trends and opportunities, and any further data you may need to thrive in the superabsorbent polymers industry. This superabsorbent polymers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global superabsorbent polymers market size grew from $8.63 billion in 2022 to $9.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The superabsorbent polymers market size is expected to grow to $11.73 billion in 2027 at a CAGR of 6.3%. Increasing awareness about personal hygiene and cleanliness is driving the superabsorbent polymers market. Superabsorbent polymers are primarily used as absorbents for water and aqueous solutions for diapers, adult incontinence products, feminine hygiene products, and similar applications. Thus, the increasing awareness about personal hygiene and cleanliness is expected to drive the market. For instance, 55% of Indian consumers intend to buy more personal hygiene and safety products because of the COVID-19 pandemic, hence aiding market growth during the period. Strategic collaboration between companies are shaping the superabsorbent polymers market. Companies in the superabsorbent polymers market are focusing on strategic collaborations to expand their market share. For instance, in 2020, Japan-based chemical manufacturing company, Nippon Shokubai Co., Ltd. collaborated with Japanese consumer goods company, LiveDo Corporation, and Japanese diaper recycling company, Total Care System Co., Ltd. to jointly develop a variety of technologies for recycling superabsorbent polymers (SAPs) in used diapers. The technology can be applied to a wide variety of SAPs distributed worldwide and promote recycling disposable diapers. In August 2021, Danimer Scientific, Inc., a US-based manufacturer of biopolymers acquired Novomer, Inc. for $152 million. The acquisition is expected to accelerate Danimer Scientific’s strategy to deliver their clients with high-quality biopolymer products. Novomer, Inc. is a US-based chemical conversion technology developing company. Major players in the superabsorbent polymers market are BASF, Nippon Shokubai Co. Ltd., Formosa Plastic Corporation, LG Chem LTD., Sumitomo Seika Chemicals Co. Ltd., SDP Global Ltd., Songwon Industrial Co. Ltd., KAO Corporation, Evonik Industries AG, Yixing Danson Technology, Quan Zhou Banglida Technology Industry Co. Ltd., Shandong Nuoer Biological Technology Co. Ltd., Wanhua Chemical Group Co. Ltd., Sinofloc Chemical Ltd., and SNF Limited Asia- Pacific was the largest region in the superabsorbent polymers market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the superabsorbent polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the superabsorbent polymers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The superabsorbent polymer market consists of sales of cross-linked polyacrylamides and polyacrylates and cellulose- or starch-acrylonitrile graft copolymers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global superabsorbent polymers market is segmented - 1) By Type: Sodium Polyacrylate, Polyacrylate/Polyacrylamide, Copolymers 2) By Production Method: Suspension Polymerization, Solution Polymerization, Gel Polymerization 3) By Application: Medical, Personal Hygiene, Packaging, Construction, Oil And Gas, Other Applications

High-performance fluoropolymers are polymer resins based on fluorine or carbon bonding. They are strong, lightweight, and durable and are used in a variety of applications. The main types of high-performance fluoropolymers are PTFE, PFA/MFA, FEP, ETFE, and other types. Polytetrafluoroethylene (PTFE) is an artificial fluoropolymer made from tetrafluoroethylene monomers. These are available in different forms, including granular or suspension, fine powder, dispersion, and micro powder, and are used for various applications, including coatings and liners, components, films, additives, and others such as military, road marking, and industrial signage. It is used by various industries such as industrial processing, transportation, electrical and electronics, medical, and others such as military, road marking, and industrial signage.   The high-performance fluoropolymers market research report is one of a series of new reports from The Business Research Company that provides high-performance fluoropolymers market statistics, including high-performance fluoropolymers industry global market size, regional shares, competitors with a high-performance fluoropolymers market share, detailed high-performance fluoropolymers market segments, market trends and opportunities, and any further data you may need to thrive in the high-performance fluoropolymers industry. This high-performance fluoropolymers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global high-performance fluoropolymers market size is expected to grow from $4.27 billion in 2022 to $4.61 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The high-performance fluoropolymers market is expected to grow to $6.07 billion in 2027 at a CAGR of 7.1%. The increasing photovoltaic installations are expected to propel the growth of the high-performance fluoropolymers market going forward. Photovoltaics is the process of converting light into electric energy using semiconductor devices. Fluoropolymers are largely used in photovoltaics for increasing durability and resisting wear and tear. For instance, according to SolarPower Europe, a European solar industry association, in 2021, global solar PV installations stood at a record 168 GW of new installations. The number of PV installations is expected to more than double to 2.3 TW in 2025. Therefore, the increasing PV installations are driving the growth of the high-performance fluoropolymers market. Product innovation is a key trend gaining popularity in the high-performance fluoropolymers market. Major companies operating in the high-performance fluoropolymers market are developing innovative products to strengthen their position in the market. For instance, in March 2022, Toray Industries, a Japan-based textile company, introduced new high-strength textiles made from Toyoflon fiber based on low-friction Polytetrafluoroethylene (PTFE) polymers. The unique textile has high friction resistance due to the fluoropolymers used and has slide durability 25 times greater than its existing counterparts, with friction dropping by less than 50%. The unique features of Toyoflon fiber include the highest level of tribological properties, chemical resistance, heat resistance, and mold release among synthetic fibers. In September 2022, Pexco LLC, a US-based specialty plastics company, acquired Enflo LLC for an undisclosed amount. The acquisition strengthens the growth plan of Pexco and would help Pexco build high-performance polymer capabilities and better serve consumers’ needs. Enflo LLC is a US-based manufacturer of PTFE molded products. Major players in the high-performance fluoropolymers market are Gujarat Fluorochemicals Ltd., Shanghai Huayi 3F New Materials Co. Ltd., The Chemours Company, Hubei Everflon Polymer Co. Ltd., Daikin Industries Ltd., Halo Polymer OJSC, Jiangsu Meilan Chemical Co. Ltd., Quadrant AG, Dongyue Group, Chenguang R.I.C.I., The 3M Company, Solvay S.A., Juhua Group Corporation, Shamrock Technologies, Shandong Hengyi New Material Technology Co. Ltd., BASF SE, and Arkema S.A. North America was the largest region in the high performance fluoropolymers market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high-performance fluoropolymers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the high-performance fluoropolymers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The high-performance fluoropolymers market consists of sales of ECTFE (ethylene chlorotrifluoroethylene) and PCTFE (polychlorotrifluoroethylene). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global high-performance fluoropolymers market is segmented - 1) By Type: PTFE, PFA/MFA, FEP, ETFE, Other Types 2) By Form: Granular or Suspension, Fine Powder and Dispersion, Micropowder 3) By Application: Coatings and Liners, Components, Films, Additives, Other Applications (Military, Road Marking, and Industrial Signage) 4) By End-Use Industry: Industrial Processing, Transportation, Electrical and Electronics, Medical, Other End-Use Industries (Military, road marking and industrial signage)

The petrochemicals refer to distinct chemicals made from refined petroleum or liquid hydrocarbons that are used for commercial purposes. The petrochemicals are also made from other fossil fuels, such as coal, natural gas, and renewable sources such as maize, sugar cane, or palm fruit. The main types of petrochemicals are ethylene-petrochemicals, propylene-petrochemicals, benzene-petrochemicals, xylene, styrene-petrochemicals, toluene, cumene, and other types of petrochemicals. Xylene is an aromatic hydrocarbon existing in three isomeric forms, all three being colorless flammable volatile liquids used as solvents and for the manufacturing of synthetic resins, dyes, and insecticides such as dimethylbenzene. The applications are polymers, paints and coatings, solvents, rubber, adhesives and sealants, surfactants, pigments and dyes, fibers and fabrics, and other applications. The end-user industries are construction, packaging, automotive and transportation, healthcare, electrical and electronics, and other end-user industries. The petrochemicals market research report is one of a series of new reports from The Business Research Company that provides petrochemicals market statistics, including petrochemicals industry global market size, regional shares, competitors with a petrochemicals market share, detailed petrochemicals market segments, market trends and opportunities, and any further data you may need to thrive in the petrochemicals industry. This petrochemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global petrochemicals market grew from $671.57 billion in 2022 to $693.3 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The petrochemicals market is expected to grow to $786.74 billion in 2027 at a CAGR of 3.2%. The petrochemicals market is expected to benefit from growth in the automobile industry during the forecast period. There is a drive for the production of automobiles, which is leading to an increase in demand for petrochemical products that are used in the manufacturing of brake parts, radiators, and other components. For instance, according to an estimation by Goldman Sachs, a US-based investment banking company, the global sales of new cars in emerging markets is expected to increase from 68 million in 2020 to 78 million by 2025. Thus, the growth of automobiles is expected to increase the demand for petrochemicals during the forecast period. Oil price volatility is likely to have a negative impact on the petrochemicals market as significant declines and increases in oil prices negatively impact government and consumer spending. The decline in oil prices is having a negative impact on government spending in countries such as Saudi Arabia, Nigeria, and the UAE (United Arab Emirates), which are largely dependent on revenues generated through crude oil exports, whereas a significant increase in oil prices has resulted in a spurt in inflation, current account deficit, and fiscal deficit in countries such as India and China, which predominantly import oil. For instance, the Saudi government is expected to cut down its spending from 1.05 trillion riyals ($280 billion) in 2019 to 1.02 trillion riyals ($270 billion) in 2020 and to 955 billion riyals ($255 billion) by 2022 due to a significant decline in revenues generated from oil exports, thereby affecting the market. This high volatility in the oil process is further expected to negatively impact the market going forward. Many petrochemical manufacturers are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to obtain real-time insights and identify inefficiencies in the manufacturing process. The data obtained is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. Major companies in the petrochemicals market include JXTG Holdings Inc., Saudi Basic Industries Corporation (SABIC), Sinopec Limited, Royal Dutch Shell, Reliance Industries Limited, LG Chem Ltd., Guardian Industries LLC, Odebrecht Engenharia E Construcao Sa, Mitsubishi Chemical Holdings Corp, and BASF SE. Asia-Pacific was the largest region in the petrochemicals market in 2022. Middle East was the second largest region in the petrochemicals market. The regions covered in the petrochemicals report market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the petrochemicals market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The petrochemicals market consists of the sales of aliphatic compounds, aromatic compounds, inorganic compounds, and synthesis gas. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global petrochemicals market is segmented - 1) By Type: Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals 2) By Application: Polymers, Paints & Coatings, Solvents, Rubber, Adhesives & Sealants, Surfactants, Pigments & Dyes, Fibers & Fabrics, Other Applications 3) By End Userr Industry: Construction, Packaging, Automotive & Transportation, Healthcare, Electrical & Electronics, Other End-User Industries

Propylene petrochemical is a basic versatile chemical as ethylene used in the manufacture of common household items. Propylene is a component of the addition polymer poly (propane), and it is also used in the production of epoxy propane and propanol. The main types of propylene petrochemicals are homopolymers and copolymers. A homopolymer is a polymer like polyethylene consisting of identical monomer units. The various applications are injection molding, fiber and raffia, film and sheet, and blow molding. The end-user industries are automotive, construction, packaging, textiles, and other end-user industries. The propylene-petrochemical market research report is one of a series of new reports from The Business Research Company that provides propylene-petrochemical market statistics, including propylene-petrochemical industry global market size, regional shares, competitors with a propylene-petrochemical market share, detailed propylene-petrochemical market segments, market trends and opportunities, and any further data you may need to thrive in the propylene-petrochemical industry. This propylene-petrochemical market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global propylene-petrochemicals market size will grow from $104.04 billion in 2022 to $107.4 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global propylene-petrochemicals market size is expected to grow from $121.74 billion in 2027 at a CAGR of 3.2%. The propylene market is expected to benefit from growth in the automobile industry during the forecast period. Polypropylene is a polymer produced from the propylene monomer which is used in the automobile industry. Large-scale production of automobiles is leading to an increase in demand for polypropylene products, which are used in the manufacturing of battery cases and trays, bumpers, interior trim, instrument panels, fender liners, door trims, and other components. For instance, according to an estimation by Goldman Sachs, a US-based investment banking company, the global sales of new cars in emerging markets is expected to increase from 68 million in 2020 to 78 million by 2025. Thus, increased use of plastics in automobiles is expected to increase the demand for propylene during the forecast period. Stringent safety regulations associated with the manufacture and transportation of propylene were a significant market restraint. Propylene is highly inflammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Propylene suppliers should invest in equipment, technologies, and processes to limit the toxic levels and chemical concentrations. These regulations increased the operating costs of companies in the propylene industry, thus limiting the scope for investments relating to the launch of new products and expansion into new markets, thereby affecting the market growth. Petrochemical companies are adopting on-purpose propylene production technologies to produce propylene as a sole product but not as an alternate or co-product. On-purpose propylene technology refers to a modified version of the traditional fluid catalytic cracking unit which increases propylene yield by 20% more than the actual output. Traditional sources for propylene, which include steam crackers and oil refineries, yield fewer propylene as a derivative or co-product due to a shift in feedstocks from naphtha to ethane. To meet the increased demand for propylene, petrochemical companies are investing in developing on-purpose technologies to accelerate the shortfall in propylene production. Major on-purpose technologies include propane dehydrogenation, methanol-to-olefins/methanol-to-propylene (MTO/MTP), high-severity fluidized catalytic cracking (HS-FCC), coal-to-olefins/coal-to-propylene (CTO/CTP), and gas-to-olefins (GTO). For Instance, major companies adopting this technology include, BASF, Dow Chemical, ExxonMobil Chemical, and Sidi Kerir Petrochemicals Co (SIDPEC). In January 2022, Invista, a US-based fiber, resin and intermediates company acquired propylene business of Flint Hills Resources for an undisclosed amount. The acquisition includes chemical facilities in Houston and Longview, Texas, ownership of pipelines that supply facilities, and support employees. The The transaction expanded Invista's portfolio and allowed for future growth. Flint Hills Resources is an American refining company. Major players in the propylene-petrochemicals market are AGC Chemicals, Archer Daniels Midland Company, Asahi Kasei Corporation, BASF SE, Chevron Phillips Chemical Company, China National Petroleum Corp. (CNPC), China Petrochemical Corporation, Dangote Industries Ltd., Eni SpA, Enterprise Products Partners L.P., and Exxon Mobil Corporation. Asia-Pacific was the largest region in the propylene-petrochemical market in 2022. Middle East was the second-largest region in the global propylene-petrochemicals market. The regions covered in the global propylene-petrochemical report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the propylene-petrochemicals market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The propylene petrochemical market consists of the sales of propylene petrochemicals used in the production of acrylics, rubbing alcohol, epoxy glue, and carpets. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global propylene-petrochemicals market is segmented - 1) By Type: Homopolymer, Copolymer 2) By Application: Injection Molding, Fiber & Raffia, Film & Sheet, Blow Molding 3) By End User Industry: Automotive, Construction, Packaging, Textile, Other End-Use Industries

Styrene petrochemical refers to a colorless, gritty organic compound derived from benzene. Styrene is readily evaporated and is also used as a precursor to polystyrene and several other copolymers. The main types of styrene petrochemicals are acrylonitrile butadiene styrene (abs), expanded polystyrene (EPS), and other types. Acrylonitrile butadiene styrene is defined as an engineering thermoplastic copolymer. It is made of styrene, acrylonitrile, and butadiene. The various applications of styrene include automotive, construction, packaging of consumer goods, and other applications that are distributed through offline and online channels. The styrene petrochemicals market research report is one of a series of new reports from The Business Research Company that provides styrene market statistics, including styrene industry global market size, regional shares, competitors with a styrene market share, detailed styrene market segments, market trends and opportunities, and any further data you may need to thrive in the styrene industry. This styrene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global styrene-petrochemicals market size will grow from $61.66 billion in 2022 to $64.76 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global styrene-petrochemicals market size is expected to grow from $77.56 billion in 2027 at a CAGR of 4.6%. The high demand for polystyrene drives the growth of the styrene petrochemicals market. Styrene is used to produce polystyrene through suspension polymerization. Polystyrene is a versatile plastic used for the manufacturing of refrigerators, air conditioners, ovens, microwaves, and vacuum cleaners. Polystyrene is majorly used in the packaging industry as it keeps food fresher for a longer duration. The demand for polystyrene is high in the automobile industry, where it is used in manufacturing car knobs, instrument panels, trim, energy-absorbing door panels, and sound-dampening foam. Thus, strong demand for polystyrene has resulted in a rise in demand. For instance, India and Iran are expected to lead the capacity expansion in the forecast period to cater to the demand. In India, Supreme Petrochem and LG Polymers India are expected to add 0.15 mtpa and 0.03 mtpa (million tons per annum) respectively. Thus, the rising demand for polystyrene and its derivatives positively drives the growth of the styrene market. The increasing health and environmental concerns due to the use of styrene limits the demand for styrene petrochemicals. Styrene is primarily used in the production of plastics and other resins. Short-term exposure to styrene in humans is known to result in mucous membrane and eye irritation and gastrointestinal effects, whereas long-term exposure to styrene results in effects on the central nervous system (CNS), such as headache, fatigue, weakness, depression, CSN dysfunction, hearing loss, and peripheral neuropathy. In animals, oral exposure to styrene affects the liver, blood, kidneys, and stomach. In May 2020, a styrene chemical leak from the LG Polymers plant in Visakhapatnam killed seven people and triggered fear in the industrial coastal city. Thus, the ill effects of styrene on health and the environment restrict the growth of the styrene market. The companies in the styrene petrochemicals market are working towards developing techniques to recycle styrene. To increase the efficiency and popularity of styrene, companies are investing in developing methods to recycle styrene. In January 2022, Agilyx, a Norway-based chemical recycling firm and Toyo Styrene, a Japanese chemicals firm partnered and commenced the construction of Toyo Styrene Co Ltd polystyrene (PS) chemical recycling plant in Chiba, Japan. The plant will boast the per day capacity to recycle 10 tons of post-use polystyrene, a product produced from styrene and used in the manufacturing of tires, back into new styrene monomer for the future of the industry. In October 2020, Trinseo, a US-based manufacturer of plastics and latex binders, acquired Heathland B.V. for an undisclosed amount. Trinseo aims at embedding sustainability in its product portfolio, promoting supplier and operational stewardship, and tackling climate change. Heathland B.V is a Netherlands-based chemical recycling company. Major players in the styrene petrochemicals market are Alpek SAB DE CV, Ashland Inc., Ineos Group AG, Nova Chemicals Corporation, Bayer Material science, Chevron Phillips Chemical Company LLC., ENI S.p.A., INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC), and Total S.A. Asia-Pacific was the largest region in the styrene petrochemicals market in 2022. Middle East was the second-largest region in the global styrene-petrochemicals market. The regions covered in the global styrene-petrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the styrene petrochemicals market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The styrene petrochemical market consists of the sales of styrene petrochemicals that are used for making synthetic rubber, resins, and plastics and improving drying oils. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global styrene-petrochemicals market is segmented - 1) By Type: Acrylonitrile butadiene styrene (ABS), Expanded polystyrene (EPS), Other Types 2) By Application: Automotive, Construction, Packaging consumer goods, Other Applications 3) By Distribution Channel: Offline, Online

The refined petroleum products are derived by refining petroleum. The refined petroleum products have different physical and chemical properties depending on the kind of crude oil and subsequent refining procedures. The main types of petroleum products are diesel, gasoline, fuel oil, kerosene, and other refined petroleum products. Gasoline is a petroleum-based fuel made from crude oil and other liquids. Gasoline is primarily used in vehicles as an engine fuel. The various fraction includes light distillates, middle distillates, heavy oils, and the different refinery type are integrated refined petroleum product and non-integrated refined petroleum product. The applications of refined petroleum products are fuel, chemicals, and others. The refined petroleum products market research report is one of a series of new reports from The Business Research Company that provides refined petroleum products market statistics, including refined petroleum products industry global market size, regional shares, competitors with a refined petroleum products market share, detailed refined petroleum products market segments, market trends and opportunities, and any further data you may need to thrive in the refined petroleum products industry. This refined petroleum products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global refined petroleum products market grew from $2,616.61 billion in 2022 to $2,703.40 billion in 2023 at a compound annual growth rate (CAGR) of 3.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The refined petroleum products market is expected to grow to $3,011.98 billion in 2027 at a CAGR of 2.7%. Refineries are increasingly adopting Carbon Capture and Storage techniques to reduce CO2 emission levels in the atmosphere. This technique involves trapping CO2 at its emission source and transporting it to a different storage location which is actively monitored and measured. This way CO2 is isolated from the atmosphere, thereby reducing emission levels. For instance, Quest, a partnership venture of Shell, Canada Energy, and Chevron is fully integrated CCS project that captures CO2 produced from refineries and prevents it from entering the atmosphere by storing it in underground formations. Globally there are about 15 large scale projects and 7 under construction projects with the capacity to capture about 40 million tonnes CO2 per annum, thus indicating the potential of CCS technology in minimizing carbon emissions. For Instance, some of the major companies adopting this technique include ExxonMobil, Port Arthur Refinery, Baytown Refinery, RasTanura Refinery, and Garyville Refinery. To reduce the pollution levels, companies have started adopting gas-to-liquid technology, which produces high-quality petroleum products. Gas to liquid technology is the conversion of natural gas to high quality liquid products such as transportation fuels, motor oils, naphtha, diesel, and waxes. This technology uses natural gas as a substitute for crude oil as gas is considered to be the cleanest burning fossil fuel and is abundant, versatile, and easily affordable. The by- products obtained by using the GTL technology are colorless, odorless, and contain negligent amounts of impurities. For Instance, Shell, Chevron, and PetroSA have adopted this technology to produce transportation fuels, oils, and by-products to produce plastics, detergents, and cosmetics. Major companies in the market include Royal Dutch Shell, BP plc, Exxon Mobil, PJSC Lukoil, Chevron, Total SA, Marathon Petroleum Corporation, Valero Energy Corp, Saudi Aramco, and Bharat Petroleum Corporation Limited. Asia-Pacific was the largest region in the refined petroleum products market in 2022. Western Europe was the second largest region in the global petroleum products market. The regions covered in the oil and gas supporting activities market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the oil and gas supporting activities market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The refined petroleum products market consists of sales of diesel fuel, jet fuel, liquid petroleum gases, asphalt and asphalt products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global refined petroleum products market is segmented - 1) By Type: Diesel, Gasoline, Fuel Oil, Kerosene, Other Refined Petroleum Products 2) By Fraction: Light Distillates, Middle Distillates, Heavy Oils 3) By Refinery Type: Integrated Refined Petroleum Product, Non-Integrated Refined Petroleum Product 4) By Application: Fuel, Chemical, Other Applications

Chemical compounds are substances that are produced based on the transformation of organic and inorganic raw materials by a chemical process and the formulation of products. Chemicals have characteristics such as flammability, toxicity, acidity, reactivity, and heat of combustion. The main types of chemicals are general chemical products, printing inks, toiletries, soap and cleaning compounds, adhesives, paints and coatings, pesticide and other types of agricultural chemicals, chemical fertilizers, synthetic rubber and fibers, plastic material and resins, ethyl alcohol, and other basic types of organic chemical, and other types of basic inorganic chemical, synthetic dye, and pigment, industrial gas, and petrochemicals. Printing ink is ink used in printing and contains a pigment or pigments of the required color mixed with oil or varnish. The types of intermediate chemicals are methanol, ethylene oxide, and propylene oxide. The end-users involved are pharmaceuticals, agrochemicals, water treatment, construction, paints and dyes, oil and gas, rubber chemicals, surfactants, personal care, and other end-users. The chemicals market research report is one of a series of new reports from The Business Research Company that provides chemicals market statistics, including chemicals industry global market size, regional shares, competitors with a chemicals market share, detailed chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the chemicals industry. This chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global chemicals market grew from $4700.13 billion in 2022 to $5079.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The chemicals market is expected to grow to $6851.59 billion in 2027 at a CAGR of 7.8%. Interest rates were low in most developed countries during this period. This positively impacted the growth of the chemicals market. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. These low-interest rates encouraged borrowing and increased the flow of money for investment. This allowed chemical companies to borrow money for process improvements, thus driving the market during the historic period. Rising costs had a negative impact on the growth of the industrial gas market during the forecast period. This rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments available for research and development of new products. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs increased the pressure on companies to protect margins while maintaining the quality of their products. Chemical companies are increasingly adopting sustainable and eco-friendly processes to eliminate the negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enables chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products, and other substances. For instance, Akzo Nobel N.V., a chemicals and coatings giant, is planning to make a seven-figure investment in Green Lizard Technologies’ patented process to make surfactants from plants rather than from oils. Major companies in the chemicals market include JXTG Holdings Inc., Sinopec Limited, BASF SE, Procter & Gamble, Unilever plc, L'Oreal SA, Dow Inc., Saudi Basic Industries Corporation (SABIC), Mitsubishi Chemical Holdings Corp, and Guardian Industries, LLC. Asia-Pacific was the largest region in the chemicals market in 2022. North America was the second-largest region in the chemicals market. The regions covered in the chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chemicals market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The chemicals market consists of the sales of petrochemicals, industrial gas, ethyl alcohol, organic chemicals and inorganic chemicals, resins, synthetic rubber, and artificial and synthetic fibers and filaments, pesticides, fertilizers, and other agricultural chemicals. The chemicals industry establishments produce a variety of chemical products by processing raw materials such as air, water, natural gas, oil, metals and minerals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global chemicals market is segmented - 1) By Type: General Chemical Product, Printing Inks, Toiletries, Soap and Cleaning Compounds, Adhesives, Paints and Coatings, Pesticide and Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber and Fibers, Plastic Material and Resins, Ethyl Alcohol and Other Basic Organic Chemical, Other Basic Inorganic Chemical, Synthetic Dye and Pigment, Industrial Gas, Petrochemicals 2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide 3) By End User: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints and Dyes, Oil & Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users Subsegments Covered: Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks, Lotions (Including Sunscreens), Hair Preparations, Face Creams, Perfumes, Shaving Preparations, Other Cosmetic Preparations, Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods, Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives, Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings, Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals, Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer, Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers, Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins, Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals Synthetic Dye, Synthetic Pigments, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas, Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals

The chemicals as a service (CaaS) refer to the transition in chemical organizations' business models from selling a product (paid in weight or volume) to selling a service (paid in proportion of a certain service level). Customers benefit from the cheaper initial investment, predictable costs, and less fuss with product maintenance, while suppliers benefit from increased margins through additional sales of value-added services in the service package (such as insurance or maintenance), scale effects, and customer lock-in. The main types of chemical as a service are chemical management services, and chemical leasing. Chemical management services refer to a business model in which a consumer buys chemical services instead of chemicals. CMS assists manufacturers in prioritizing chemical management tasks so that they can be completed more efficiently. The end-users of chemicals as a service include agriculture and fertilizer, water treatment and purification, metal parts cleaning, paint and coatings, industrial cleaning, industrial gases, and other end-users. The chemical as a service market research report is one of a series of new reports from The Business Research Company that provides chemical as a service market statistics, including chemical as a service industry global market size, regional shares, competitors with a chemical as a service market share, detailed chemical as a service market segments, market trends and opportunities, and any further data you may need to thrive in the chemical as a service industry. This chemical as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global chemical as a service market size grew from $7.66 billion in 2022 to $8.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The chemical as a service market size is expected to grow to $10.54 billion in 2027 at a CAGR of 6.7%. A reduction in chemical consumption is contributing to the growth of the chemicals as a service market. A chemical is consumed when it is converted into another chemical through a chemical process. Lack of collaboration between chemical suppliers and consumers leads to unnecessarily high chemical consumption and the development of hazardous waste. Chemical leasing, which is part of the chemicals as a service paradigm, attempts to increase chemical efficiency while lowering chemical hazards and safeguarding human health. For instance, according to a report published by Department of Chemicals and Petrochemicals, an India-based government agency, utilization of installed capacity for basic major chemicals decreased from 79% in 2019–20 to 72% in 2020–21, while for basic major petrochemicals, it decreased from 89.5% to 83.6%.A reduction in chemical consumption is expected to propel the growth of the chemicals as a service market. Strategic partnerships are a key trend gaining popularity in the chemical as a service market. Major companies operating in chemicals as a service are undergoing partnerships to strengthen their position in the market. For instance, in May 2022, Sphera®, Chicago-based?a leading global provider of Environmental, Social, and Governance (ESG) performance and risk management software, data, and consulting services, partnered with BASF Germany-based chemical company. The collaboration makes BASF's methodology and digital solution for automated product carbon footprint (PCF) calculation available in Sphera's Life Cycle Assessment (LCA) software solutions. LCAs assist businesses in better analyzing the effects of their supply chain on their overall carbon footprint and making informed decisions on their path to net zero. In December 2020, Quaker Chemical Corporation, a US-based chemical company acquired Coral Chemical Company for an amount of $53 million. With this acquisition, Quaker Chemical benefitted with additional net sales. Coral Chemicals is a US-based chemical manufacturing company that provides specialty pre-treatment chemicals, lubricants, and environmental solutions. Major players in the chemical as a service market are Sphera Solutions, Henkel AG & Co. KGaA, Safechem Europe Gmbh, CSC JÄKLECHEMIE GmbH & Co. KG, Polikem S.a.s., Quaker Chemical, Hidrotecnik, BASF SE, Haas TCM, and PPG Industries. North America was the largest region in the chemical as a service market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the chemical as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The chemicals as a service (CaaS) market consists of revenues earned by entities by providing closed loop systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global chemical as a service market is segmented - 1) By Type: Chemical Management Services, Chemicals Leasing 2) By End User: Agriculture & Fertilizer, Water Treatment & Purification, Metal Parts Cleaning, Paint & Coatings, Industrial Cleaning, Industrial Gases, Other End Users