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Petrochemical Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Petrochemical Manufacturing Market Research Report | NAICS 32511 | Apr 2014

In the mix: Revenue will improve, despite volatile input costs and rising consolidation

IBISWorld’s Petrochemical Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$98bn
Annual Growth 09-14
11.5%
Annual Growth 14-19
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Profit
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Employment
9,378
Businesses
44
Industry Analysis & Industry Trends

The Petrochemical Manufacturing industry faced significant volatility over the past five years, but the improving economy will pave the way for growth as downstream demand improves. Domestic operators will continue to face obstacles, as increased input costs affect prices and performance. However, heightened demand and continuing dependence on petrochemicals will benefit industry firms... purchase to read more

Industry Report - Industry Analysis Chapter

Over the five years to 2014, the Petrochemical Manufacturing industry's revenue has experienced some volatility. In 2009, industry revenue plummeted by 34.2% due to the lack of demand from downstream users in the plastic industry. As the economy began to recover in 2010, petrochemical demand returned as downstream industries increased production levels, raising industry revenue by 47.0%. Due to the drastic drop in revenue at the onset of the five-year period and the subsequent recovery, industry revenue is anticipated to increase at an average annual rate of 11.5% to $98.4 billion, with the majority of this growth occurring in the first half of the period, with the exception of 2009... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Petrochemical Manufacturing Industry?

This industry manufactures petrochemicals, which are chemicals derived from refined petroleum or liquid hydrocarbons. Key products include ethylene, propylene, butylene, benzene, toluene, styrene, xylene, ethyl benzene and cumene. These products are used in the production of consumer products, automotive components and various durable and non-durable goods. Organic compounds like ethyl alcohol and inorganic chemicals like carbon black are excluded from the industry.

Industry Products
EthylenePropyleneBenzeneEthylbenzeneStyreneTolueneCumeneButadiene
 
Industry Activities
Manufacturing olefins made from refined petroleum or liquid hydrocarbonsManufacturing polyolefins made from refined petroleum or liquid hydrocarbonsManufacturing ethylene made from refined petroleum or liquid hydrocarbons.


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