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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 | Feb 2015

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

The Petrochemical Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$89bn
Annual Growth 10-15
0.7%
Annual Growth 15-20
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Profit
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Employment
8,788
Businesses
45
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 Analysis Chapter

In recent years, the Petrochemical Manufacturing industry has experienced significant revenue volatility. In 2012, industry revenue plummeted by 11.3% because of the lack of demand from downstream users in the Plastic and Resin Manufacturing industry (IBISWorld report 32521). Revenue rebounded in the following year, growing by 14.6% as technological advancement reduced production costs and caused new facilities to come online in the US, thereby boosting output and, in turn, revenue. In the second half of 2014, industry input prices fell significantly, particularly the world price of crude oil, which has fallen at an annualized 6.6% over the past five years and an expected 41.1% throughout 2015... 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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