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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 | Aug 2015

Organic compound: As input price volatility eases, revenue will grow more consistently

IBISWorld’s Petrochemical Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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