SEARCH   
MEMBER LOGIN    
Forgot Password?

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 | Jan 2017

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

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
$54bn
Annual Growth 12-17
-9.5%
Annual Growth 17-22
Add to Cart
Profit
Add to Cart
Employment
9,612
Businesses
52
Industry Analysis & Industry Trends

The past five years have been volatile for the Petrochenical Manufacturing industry, as revenue has been sensitive to changes in prices of its key inputs, crude oil and natural gas. With oil and gas prices collapsing in 2014, vertically integrated major players were forced to pass on reduced prices down the supply chain. As a result, industry revenue fell over the five years to 2017. Over the five years to 2022, industry revenue is expected to recover as commodity prices eventually rise. Vertically integrated companies will be able to take advantage of their economies of scale and further expand production.


... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry into the Petrochemical Manufacturing industry are high, and are expected to remain that way. This industry faces a number of barriers to entry, a major one being the level of capital required. The costs to construct a plant can range anywhere from a couple hundred million to billions of dollars. For example, Dow Chemical Co. is in the works of securing permits to construct a $1.7 billion plant in Freeport, TX.

Aside from the costs of building a plant, regulatory costs are high as well. Because the industry deals with chemical waste and emissions, companies are subject to rules set by the Environmental Protection Agency. With regulation increasing, these costs are expected to remain high as well, for example, in 2015 Exxon Mobil spent $5.6 bi.. 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
Aromatics (benzene, toluene, xylene, etc.)Liquefied refinery gases (aliphatics)All Other
 
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.


View Sample
Quote
Select Clients