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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 | Sep 2014

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

IBISWorld’s Petrochemical Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$99bn
Annual Growth 09-14
11.6%
Annual Growth 14-19
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Profit
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Employment
9,416
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 operators... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Petroleum Manufacturing industry is in the mature stage of its life cycle. Industry value added (IVA), which represents the industry's contribution to the overall economy, is expected to increase at an average annual rate of 13.5% from 2009 to 2019. Much of this is due to a 26.2% increase in IVA from 2009 to 2014, which came on the back of low profit margins at the start of the period. Moving forward however, IVA is expected to increase at a slower rate, growing at an annualized rate of just 2.0% from 2014 to 2019, as raw material costs rise, which will cut into profit margins. This figure indicates that the industry will grow at a similar rate to overall economy, which when measured by US GDP is expected to grow at an annualized rate of 2.5% from 2009 to 2019... 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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