Hydrocarbons market is expected to reach USD 94,286.42 million by 2030, which is USD 71,602.20 million in 2022, registering a CAGR of 3.50% during the forecast period of 2023 to 2030.
Hydrocarbons Market business report provides a profound overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. The data and information collected to generate this top-notch market report has been derived from the trusted sources such as company websites, white papers, journals, and mergers etc. Hydrocarbons Market report includes basic, secondary and advanced information related to the global status, recent trends, market size, sales volume, market share, growth, future trends analysis and segment.
With the complete understanding of business environment that is best suitable for the requirements of the client, Hydrocarbons Market business report has been generated. Businesses can also achieve insights into profit growth and sustainability programs with this market report. Market drivers and market restraints explained in this report gives idea about the rise or fall in the consumer demand for the particular product depending on several factors. This market document contains all the company profiles of the major players and brands. Each of the topics is properly elaborated with the in-depth research and analysis for generating an absolute Hydrocarbons Market survey report.
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Market Definition
Hydrocarbons are those organic compound which is produced from the inclusion of carbon atoms and hydrogen in their chemical structure. These components are generally available in natural gases and crude oils and tend to hold more than one bond between the carbon and hydrogen atoms. The bond results in structural formation such as rings.
Hydrocarbons Market Dynamics
Drivers
- Growing demand of hydrocarbons for multiple purposes
Versatility and high energy density properties of hydrocarbons make it perfect and useful for numerous end-use application such as synthetic rubber, feedstock in petrochemical plants and chemicals.
- Surging demand of hydrocarbons as refrigerants
Hydrocarbons such as propane are widely used as refrigerants in the global market. They can be used for cooling or heating more proficiently than other refrigerants. Actually, their latent heat of vaporisation is even double as high as compared to other synthetic refrigerants, which means a higher cooling or heating effect with the same refrigerant mass flow.
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Opportunities
Increasing demand for petrochemical products
Petrochemicals play an important role in everyday life. They have transformed the electronics sector through some significant scientific inventions. The petrochemicals sector has proved to be enormously beneficial for the electronics sector. Hydrocarbon compounds play a vital in the production of petrochemical products.
Hydrocarbons Market Scope
The hydrocarbons market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Hydrocarbons Market Regional Analysis/Insights
Asia-Pacific is expected to dominate the hydrocarbons market owing to the strong presence of major market players and growth in trade activities from China and India.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 because of the upsurge in the discovery of large hydrocarbon reserves in this region.
Competitive Landscape and Share Analysis
Some of the major players operating in the hydrocarbons market are:
- Reliance Industries Limited (India)
- Dow (U.S.)
- Shell Plc (U.K.)
- DuPont (U.S.)
- Manali Petrochemicals Limited (India)
- Exxon Mobil Corporation (U.S.)
- China Petrochemical Corporation (China)
- Indian Oil Corporation Ltd. (India)
- TotalEnergies (France)
- Indian Oil Corporation Ltd. (India)
- Chevron Corporation (U.S.)
- LyondellBasell Industries Holdings B.V (Netherlands)
- Eastman Chemical Company (U.S.)
- Celanese Corporation (U.S.)
- SASOL (South Africa)
- Recochem Corporation (Canada)
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Hydrocarbons Market Landscape
Part 04: Global Hydrocarbons Market Sizing
Part 05: Global Hydrocarbons Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Hydrocarbons Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Hydrocarbons Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
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