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Report
Asia Pacific Olefins and Aromatics Market
Market Report I 2024-07-01 I 266 Pages I Data Bridge Market Research
The Asia-Pacific olefins and aromatics market is expected to reach USD 504.46 billion by 2031 from USD 340.40 billion in 2023, growing with a substantial CAGR of 5.17% in the forecast period of 2024 to 2031.
Market Segmentation:
Asia-Pacific Olefins and Aromatics Market, By Product (Ethylene, Propylene, Xylene, Benzene, Toluene, and Butadiene), Vertical (Packaging, Building and Construction, Automotive, Electronics and Electricals, Household, Healthcare, Agriculture, and Others), Countries (China, India, Japan, South Korea, Thailand, Indonesia, Malaysia, Philippines, Singapore, Australia and New Zealand, Myanmar, Brunei, Cambodia, Laos, and rest of Asia-Pacific) - Industry Trends and Forecast To 2031
Overview of Asia-Pacific Olefins and Aromatics Market Dynamics:
Drivers
- Growing demand for olefins in various end-use industries
- Rise in demand for aromatic compounds by the paints & coatings industry
Restraint
- Volatility in raw material prices
Opportunity
- Advancements and innovations in production technologies and methods
Market Players:
The key players operating in the Asia-Pacific olefins and aromatics market market are:
- Exxon Mobil Corporation
- Shell plc
- Repsol
- SABIC
- PTT Asia Pacific Chemical Public Company Limited
- INEOS
- Braskem
- Sasol
- Dow
- NOVA Chemicals Corporate
- Idemitsu Kosan Co.,Ltd.
- PJSC SIBUR Holding
- PETRONAS Chemicals Group
- Chevron Phillips Chemical Company LLC
- LyondellBasell Industries Holdings B.V.
- ORLEN
- Mitsubishi Chemical Group Corporation
- Gadiv Petrochemical Industries (A subsidiaries of Bazan Group)
- Evonik Industries AG
1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
1.3 OVERVIEW 23
1.4 LIMITATIONS 24
1.5 MARKETS COVERED 24
2 MARKET SEGMENTATION 30
2.1 MARKETS COVERED 30
2.2 GEOGRAPHICAL SCOPE 31
2.3 YEARS CONSIDERED FOR THE STUDY 32
2.4 CURRENCY AND PRICING 32
2.5 DBMR TRIPOD DATA VALIDATION MODEL 33
2.6 MULTIVARIATE MODELING 36
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 37
2.8 DBMR MARKET POSITION GRID 38
2.9 DBMR VENDOR SHARE ANALYSIS 39
2.10 SECONDARY SOURCES 40
2.11 ASSUMPTIONS 41
3 EXECUTIVE SUMMARY 42
4 PREMIUM INSIGHTS 47
4.1 PESTEL ANALYSIS 48
4.1.1 POLITICAL FACTORS 48
4.1.2 ECONOMIC FACTORS 48
4.1.3 SOCIAL FACTORS 48
4.1.4 TECHNOLOGICAL FACTORS 49
4.1.5 ENVIRONMENTAL FACTORS 49
4.1.6 LEGAL FACTORS 49
4.2 PORTER'S FIVE FORCES 50
4.2.1 THREAT OF NEW ENTRANTS 50
4.2.2 BARGAINING POWER OF SUPPLIERS 50
4.2.3 BARGAINING POWER OF BUYERS 51
4.2.4 THREAT OF SUBSTITUTES 51
4.2.5 INDUSTRY RIVALRY 51
4.3 VALUE CHAIN ANALYSIS 52
4.3.1 RAW MATERIAL EXTRACTION 52
4.3.2 FEEDSTOCK PROCESSING 52
4.3.3 OLEFIN AND AROMATIC PRODUCTION 52
4.3.4 DERIVATIVES PRODUCTION 53
4.3.5 POLYMER PRODUCTION 53
4.3.6 DOWNSTREAM PROCESSING AND FABRICATION 53
4.3.7 DISTRIBUTION AND RETAIL 53
4.3.8 END-USER APPLICATIONS 53
4.4 VENDOR SELECTION CRITERIA 54
4.4.1 QUALITY AND CONSISTENCY OF SUPPLY 54
4.4.2 RELIABILITY AND TIMELINESS 55
4.4.3 COST COMPETITIVENESS 55
4.4.4 TECHNICAL CAPABILITY AND INNOVATION 55
4.4.5 REGULATORY COMPLIANCE AND SUSTAINABILITY 55
4.4.6 FINANCIAL STABILITY 55
4.4.7 CUSTOMER SERVICE AND SUPPORT 55
4.5 COLLABORATIVE EFFORTS TO ADDRESS ENVIRONMENTAL CONCERNS AND PROMOTE THE CIRCULAR ECONOMY 56
4.5.1 KEY AREAS OF COLLABORATION 56
4.5.1.1 PUBLIC-PRIVATE PARTNERSHIPS: 56
4.5.1.2 INTERGOVERNMENTAL COOPERATION: 56
4.5.1.3 INDUSTRY COLLABORATION: 56
4.5.1.4 COMMUNITY ENGAGEMENT: 56
4.5.2 INSTANCES OF SUCCESSFUL COLLABORATIVE INITIATIVES 56
4.5.2.1 THE ELLEN MACARTHUR FOUNDATION: 56
4.5.2.2 CIRCULAR CITIES: 56
4.5.2.3 ASIA-PACIFIC RECYCLING DAY: 57
4.5.3 CHALLENGES AND OPPORTUNITIES 57
4.5.3.1 CHALLENGES: 57
4.5.3.2 OPPORTUNITIES: 57
4.6 ASIA-PACIFIC AND SOUTH EAST ASIA PRODUCTION PROJECTIONS FOR OLEFINS AND AROMATICS 58
4.6.1 INCREASING PRODUCTION PROJECTIONS FOR OLEFINS 58
4.6.2 FACTORS BEHIND INCREASING OLEFIN PRODUCTION 58
4.6.3 INCREASING PRODUCTION PROJECTIONS FOR AROMATICS 59
4.6.4 FACTORS BEHIND INCREASING AROMATIC PRODUCTION 59
4.7 PRICE ANALYSIS SCENARIO 61
4.7.1 RAW MATERIALS PRICE ANALYSIS 61
4.7.2 NAPHTHA 61
4.7.3 CRUDE OIL 61
4.7.4 NATURAL GAS 62
4.7.5 COAL 63
4.8 PRODUCTION CONSUMPTION ANALYSIS 64
4.9 MANUFACTURING COST SCENARIO 65
4.9.1 FUTURE IMPACT ON MARKET SHARE 65
4.10 MANUFACTURING PROCESS OF OLEFINS 66
4.11 MARKET CHANGES/CURRENT EVENTS 67
4.12 RECENT DEVELOPMENTS 69
4.13 SUPPLY CHAIN ANALYSIS 71
4.13.1 OVERVIEW 71
4.13.2 LOGISTIC COST SCENARIO 71
4.13.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 71
4.14 TECHNOLOGICAL INNOVATION 72
4.15 THE IMPACT OF REGIONAL PRODUCTION CAPACITIES ON ASIA-PACIFIC PLASTIC SUPPLY CHAINS 73
4.16 THE NEED FOR SUSTAINABLE PRODUCTION PRACTICES AND INVESTMENTS IN RECYCLING TECHNOLOGIES 75
4.17 UPCOMING PLASTIC TREATY NEGOTIATIONS 77
5 MARKET OVERVIEW 80
5.1 DRIVERS 81
5.1.1 GROWING DEMAND FOR OLEFINS IN VARIOUS END-USE INDUSTRIES 81
5.1.2 RISE IN DEMAND FOR AROMATIC COMPOUNDS BY THE PAINTS & COATINGS INDUSTRY 82
5.1.3 ECONOMIC GROWTH IN EMERGING MARKETS 83
5.2 RESTRAINTS 84
5.2.1 VOLATILITY IN RAW MATERIAL PRICES 84
5.2.2 EASY AVAILABILITY OF SUBSTITUTES 85
5.3 OPPORTUNITIES 86
5.3.1 ADVANCEMENTS AND INNOVATIONS IN PRODUCTION TECHNOLOGIES AND METHODS 86
5.3.2 RISING FOCUS ON SUSTAINABLE SOLUTIONS 87
5.3.3 STRATEGIC PARTNERSHIPS AND MERGERS 89
5.4 CHALLENGES 90
5.4.1 COMPLIANCE WITH STRINGENT REGULATIONS AND STANDARDS 90
5.4.2 HEALTH AND SAFETY CONCERNS OWING TO HAZARDOUS NATURE OF VARIOUS CHEMICALS 91
6 ASIA-PACIFIC OLEFINS AND AROMATICS MARKET, BY PRODUCT 93
6.1 OVERVIEW 94
6.2 ETHYLENE 96
6.2.1 ETHYLENE, BY APPLICATION 96
6.3 PROPYLENE 97
6.3.1 PROPYLENE, BY APPLICATION 97
6.4 XYLENE 98
6.5 BENZENE 98
6.5.1 BENZENE, BY APPLICATION 99
6.6 TOLUENE 99
6.6.1 TOLUENE, BY APPLICATION 100
6.7 BUTADIENE 100
6.7.1 BUTADIENE, BY APPLICATION 101
7 ASIA-PACIFIC OLEFINS AND AROMATICS MARKET, BY VERTICAL 102
7.1 OVERVIEW 103
7.2 PACKAGING 104
7.2.1 PACKAGING, BY CATEGORY 105
7.3 BUILDING AND CONSTRUCTION 105
7.3.1 BUILDING AND CONSTRUCTION, BY CATEGORY 106
7.4 AUTOMOTIVE 106
7.4.1 AUTOMOTIVE, BY CATEGORY 107
7.5 ELECTRONICS AND ELECTRICALS 107
7.6 HOUSEHOLD 108
7.7 HEALTHCARE 108
7.8 AGRICULTURE 109
7.8.1 AGRICULTURE, BY CATEGORY 109
7.8.1.1 CROP PROTECTION CHEMICALS, BY CATEGORY 110
7.9 OTHERS 110
8 ASIA-PACIFIC OLEFINS AND AROMATICS MARKET, BY REGION 111
8.1 ASIA-PACIFIC 112
8.1.1 CHINA 121
8.1.2 INDIA 127
8.1.3 JAPAN 133
8.1.4 SOUTH KOREA 139
8.1.5 THAILAND 145
8.1.6 INDONESIA 151
8.1.7 MALAYSIA 157
8.1.8 PHILIPPINES 163
8.1.9 SINGAPORE 169
8.1.10 AUSTRALIA AND NEW ZEALAND 175
8.1.11 MYANMAR 181
8.1.12 BRUNEI 187
8.1.13 CAMBODIA 193
8.1.14 LAOS 199
8.1.15 REST OF ASIA-PACIFIC 205
9 ASIA-PACIFIC OLEFINS AND AROMATICS MARKET: COMPANY LANDSCAPE 206
9.1 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 206
10 SWOT ANALYSIS 207
11 COMPANY PROFILE 208
11.1 EXXON MOBIL CORPORATION 208
11.1.1 COMPANY SNAPSHOT 208
11.1.2 REVENUE ANALYSIS 208
11.1.3 COMPANY SHARE ANALYSIS 209
11.1.4 PRODUCT PORTFOLIO 209
11.1.5 RECENT DEVELOPMENT 209
11.2 SHELL PLC 211
11.2.1 COMPANY SNAPSHOT 211
11.2.2 REVENUE ANALYSIS 211
11.2.3 COMPANY SHARE ANALYSIS 212
11.2.4 PRODUCT PORTFOLIO 212
11.2.5 RECENT DEVELOPMENTS 214
11.3 REPSOL 215
11.3.1 COMPANY SNAPSHOT 215
11.3.2 REVENUE ANALYSIS 215
11.3.3 COMPANY SHARE ANALYSIS 216
11.3.4 PRODUCT PORTFOLIO 216
11.3.5 RECENT DEVELOPMENTS 217
11.4 SABIC 219
11.4.1 COMPANY SNAPSHOT 219
11.4.2 REVENUE ANALYSIS 219
11.4.3 COMPANY SHARE ANALYSIS 220
11.4.4 PRODUCT PORTFOLIO 220
11.4.5 RECENT DEVELOPMENT 221
11.5 PTT ASIA-PACIFIC CHEMICAL PUBLIC COMPANY LIMITED 222
11.5.1 COMPANY SNAPSHOT 222
11.5.2 REVENUE ANALYSIS 222
11.5.3 COMPANY SHARE ANALYSIS 223
11.5.4 PRODUCT PORTFOLIO 223
11.5.5 RECENT DEVELOPMENT 224
11.6 BRASKEM 225
11.6.1 COMPANY SNAPSHOT 225
11.6.2 REVENUE ANALYSIS 225
11.6.3 PRODUCT PORTFOLIO 226
11.6.4 RECENT DEVELOPMENT 226
11.7 CHEVRON PHILLIPS CHEMICAL COMPANY LLC 228
11.7.1 COMPANY SNAPSHOT 228
11.7.2 REVENUE ANALYSIS 228
11.7.3 PRODUCT PORTFOLIO 229
11.7.4 RECENT DEVELOPMENTS 230
11.8 DOW 232
11.8.1 COMPANY SNAPSHOT 232
11.8.2 REVENUE ANALYSIS 232
11.8.3 PRODUCT PORTFOLIO 233
11.8.4 RECENT DEVELOPMENT 233
11.9 EVONIK INDUSTRIES AG 234
11.9.1 COMPANY SNAPSHOT 234
11.9.2 REVENUE ANALYSIS 234
11.9.3 PRODUCT PORTFOLIO 235
11.9.4 RECENT DEVELOPMENTS 235
11.10 GADIV PETROCHEMICAL INDUSTRIES (A SUBSIDIARY OF BAZAN GROUP) 236
11.10.1 COMPANY SNAPSHOT 236
11.10.2 PRODUCT PORTFOLIO 236
11.10.3 RECENT DEVELOPMENTS 236
11.11 IDEMITSU KOSAN CO., LTD. 237
11.11.1 COMPANY SNAPSHOT 237
11.11.2 REVENUE ANALYSIS 237
11.11.3 PRODUCT PORTFOLIO 238
11.11.4 RECENT DEVELOPMENT 238
11.12 INEOS 240
11.12.1 COMPANY SNAPSHOT 240
11.12.2 PRODUCT PORTFOLIO 240
11.12.3 RECENT DEVELOPMENT 242
11.13 LYONDELLBASELL INDUSTRIES HOLDING B.V. 243
11.13.1 COMPANY SNAPSHOT 243
11.13.2 REVENUE ANALYSIS 243
11.13.3 PRODUCT PORTFOLIO 244
11.13.4 RECENT DEVELOPMENT 244
11.14 MITSUBISHI CHEMICAL GROUP CORPORATION 246
11.14.1 COMPANY SNAPSHOT 246
11.14.2 REVENUE ANALYSIS 246
11.14.3 PRODUCT PORTFOLIO 247
11.14.4 RECENT DEVELOPMENT 248
11.15 NOVA CHEMICALS CORPORATE 249
11.15.1 COMPANY SNAPSHOT 249
11.15.2 REVENUE ANALYSIS 249
11.15.3 PRODUCT PORTFOLIO 250
11.15.4 RECENT DEVELOPMENTS 251
11.16 ORLEN 252
11.16.1 COMPANY SNAPSHOT 252
11.16.2 REVENUE ANALYSIS 252
11.16.3 PRODUCT PORTFOLIO 253
11.16.4 RECENT DEVELOPMENT 255
11.17 PETRONAS CHEMICALS GROUP 256
11.17.1 COMPANY SNAPSHOT 256
11.17.2 REVENUE ANALYSIS 256
11.17.3 PRODUCT PORTFOLIO 257
11.17.4 RECENT DEVELOPMENT 257
11.18 PJSC SIBUR HOLDING 258
11.18.1 COMPANY SNAPSHOT 258
11.18.2 PRODUCT PORTFOLIO 258
11.18.3 RECENT DEVELOPMENTS 258
11.19 SASOL 259
11.19.1 COMPANY SNAPSHOT 259
11.19.2 REVENUE ANALYSIS 259
11.19.3 PRODUCT PORTFOLIO 260
11.19.4 RECENT DEVELOPMENTS 260
11.20 TPC GROUP 261
11.20.1 COMPANY SNAPSHOT 261
11.20.2 PRODUCT PORTFOLIO 261
11.20.3 RECENT DEVELOPMENTS 261
12 QUESTIONNAIRE 263
13 RELATED REPORTS 266
13 RELATED REPORTS 266
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