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    US Petrochemical Market

    ID: MRFR/CnM/11552-CR
    100 Pages
    Garvit Vyas
    December 2023

    US Petrochemicals Market Research Report Information By Type (Ethylene, Propylene, Butadiene, Benzene, Toluene, Xylene, Methanol), By Application (Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants, Dyes, Other), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

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    US Petrochemical Market Infographic
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    Summary Table of Contents Segmentation Infographic

    US Petrochemical Market Summary

    The US Petrochemical market is projected to experience substantial growth, reaching 541.32 USD Billion by 2035.

    Key Market Trends & Highlights

    US Petrochemical Key Trends and Highlights

    • The market valuation is expected to grow from 235.94 USD Billion in 2024 to 541.32 USD Billion by 2035.
    • The compound annual growth rate (CAGR) is anticipated to be 7.84 percent from 2025 to 2035.
    • This growth trajectory indicates a robust demand for petrochemical products in various industries across the United States.
    • Growing adoption of sustainable practices due to environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 235.94 (USD Billion)
    2035 Market Size 541.32 (USD Billion)
    CAGR (2025 - 2035) 7.84%

    Major Players

    Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

    Key Companies in the US Petrochemical Market market include

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 USD 28,547.38 Million
    Market Size 2023 USD 29,818.78 Million
    Market Size 2030 USD 43,576.21 Million
    Compound Annual Growth Rate (CAGR) 5.4 % (2023-2030)
    Base Year 2022
    Forecast Period 2023-2030
    Historical Data 2019 – 2021
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Product Type, and Application
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and, Saudi Arabia, UAE, Brazil, Argentina, and others
    Key Companies Profiled BASF SE (Germany), Clariant AG (Switzerland), Archroma (Switzerland), Sudarshan Chemical Industries Limited (India), Atul Ltd. (India), Huntsman Corp. (US), JAY Chemical Industries Private Limited (India), Lanxess AG (Germany), Kiri Industries Limited (India), Meghmani Group (India)
    Key Market Opportunities ·       Demand for sustainable goods in the market
    Key Market Dynamics ·       Growth in end use industries·       Increase in demand for printing inks

    FAQs

    What is the expected market size of the US Petrochemical Market in 2024?

    In 2024, the US Petrochemical Market is expected to be valued at 115.25 USD Billion.

    What will be the estimated market size of the US Petrochemical Market by 2035?

    By 2035, the US Petrochemical Market is projected to reach a value of 291.2 USD Billion.

    What is the expected CAGR for the US Petrochemical Market from 2025 to 2035?

    The US Petrochemical Market is anticipated to grow at a CAGR of 8.792% during the forecast period from 2025 to 2035.

    Who are the key players in the US Petrochemical Market?

    Major players in the US Petrochemical Market include Dow, ExxonMobil, Westlake Chemical, and Occidental Petroleum among others.

    How is the market segmented by type and what are the values for Ethylene by 2024?

    In 2024, the Ethylene segment of the US Petrochemical Market is expected to be valued at 30.0 USD Billion.

    What will be the projected market value for Propylene in 2035?

    The Propylene segment is estimated to reach 63.0 USD Billion in 2035.

    What is the expected market size for Butadiene in 2024?

    The Butadiene segment is projected to be valued at 10.0 USD Billion in 2024.

    What will be the market size for Benzene by 2035?

    By 2035, the Benzene segment is expected to be valued at 60.0 USD Billion.

    What is the anticipated value for Toluene in 2024?

    The Toluene segment is expected to be valued at 25.25 USD Billion in 2024.

    What are the growth opportunities in the US Petrochemical Market?

    The growth opportunities in the US Petrochemical Market are driven by rising demand in various applications and advances in petrochemical technologies.

    US Petrochemicals Market Infographic
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