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Report

Europe Olefins and Aromatics Market

Market Report I 2024-07-01 I 264 Pages I Data Bridge Market Research

The Europe olefins and aromatics market is expected to reach USD 123.57 billion by 2031 from USD 87.05 billion in 2023, growing with a substantial CAGR of 4.60% in the forecast period of 2024 to 2031.

Market Segmentation:
Europe 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 (Germany, Italy, Russia, France, Spain, Poland, U.K., Belgium, Netherlands, Turkey, Luxemburg, and rest of Europe) - Industry Trends and Forecast To 2031

Overview of Europe 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 Europe olefins and aromatics market market are:
- Exxon Mobil Corporation
- Shell plc
- Repsol
- SABIC
- 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 39
1.1 OBJECTIVES OF THE STUDY 39
1.2 MARKET DEFINITION 39
1.3 OVERVIEW 39
1.4 LIMITATIONS 40
1.5 MARKETS COVERED 40
2 MARKET SEGMENTATION 46
2.1 MARKETS COVERED 46
2.2 GEOGRAPHICAL SCOPE 47
2.3 YEARS CONSIDERED FOR THE STUDY 48
2.4 CURRENCY AND PRICING 48
2.5 DBMR TRIPOD DATA VALIDATION MODEL 49
2.6 MULTIVARIATE MODELING 52
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 53
2.8 DBMR MARKET POSITION GRID 54
2.9 DBMR VENDOR SHARE ANALYSIS 55
2.10 SECONDARY SOURCES 56
2.11 ASSUMPTIONS 57
3 EXECUTIVE SUMMARY 58
4 PREMIUM INSIGHTS 63
4.1 PESTEL ANALYSIS 64
4.1.1 POLITICAL FACTORS 64
4.1.2 ECONOMIC FACTORS 64
4.1.3 SOCIAL FACTORS 64
4.1.4 TECHNOLOGICAL FACTORS 65
4.1.5 ENVIRONMENTAL FACTORS 65
4.1.6 LEGAL FACTORS 65
4.2 PORTER'S FIVE FORCES 66
4.2.1 THREAT OF NEW ENTRANTS 66
4.2.2 BARGAINING POWER OF SUPPLIERS 66
4.2.3 BARGAINING POWER OF BUYERS 67
4.2.4 THREAT OF SUBSTITUTES 67
4.2.5 INDUSTRY RIVALRY 67
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4.3 VALUE CHAIN ANALYSIS 68
4.3.1 RAW MATERIAL EXTRACTION 68
4.3.2 FEEDSTOCK PROCESSING 68
4.3.3 OLEFIN AND AROMATIC PRODUCTION 68
4.3.4 DERIVATIVES PRODUCTION 69
4.3.5 POLYMER PRODUCTION 69
4.3.6 DOWNSTREAM PROCESSING AND FABRICATION 69
4.3.7 DISTRIBUTION AND RETAIL 69
4.3.8 END-USER APPLICATIONS 69
4.4 VENDOR SELECTION CRITERIA 70
4.4.1 QUALITY AND CONSISTENCY OF SUPPLY 70
4.4.2 RELIABILITY AND TIMELINESS 71
4.4.3 COST COMPETITIVENESS 71
4.4.4 TECHNICAL CAPABILITY AND INNOVATION 71
4.4.5 REGULATORY COMPLIANCE AND SUSTAINABILITY 71
4.4.6 FINANCIAL STABILITY 71
4.4.7 CUSTOMER SERVICE AND SUPPORT 71
4.5 COLLABORATIVE EFFORTS TO ADDRESS ENVIRONMENTAL CONCERNS AND PROMOTE THE CIRCULAR ECONOMY 72
4.5.1 KEY AREAS OF COLLABORATION 72
4.5.1.1 PUBLIC-PRIVATE PARTNERSHIPS: 72
4.5.1.2 INTERGOVERNMENTAL COOPERATION: 72
4.5.1.3 INDUSTRY COLLABORATION: 72
4.5.1.4 COMMUNITY ENGAGEMENT: 72
4.5.2 INSTANCES OF SUCCESSFUL COLLABORATIVE INITIATIVES 72
4.5.2.1 THE ELLEN MACARTHUR FOUNDATION: 72
4.5.2.2 CIRCULAR CITIES: 72
4.5.2.3 EUROPE RECYCLING DAY: 73
4.5.3 CHALLENGES AND OPPORTUNITIES 73
4.5.3.1 CHALLENGES: 73
4.5.3.2 OPPORTUNITIES: 73
4.6 ASIA-PACIFIC AND SOUTH EAST ASIA PRODUCTION PROJECTIONS FOR OLEFINS AND AROMATICS 74
4.6.1 INCREASING PRODUCTION PROJECTIONS FOR OLEFINS 74
4.6.2 FACTORS BEHIND INCREASING OLEFIN PRODUCTION 74
4.6.3 INCREASING PRODUCTION PROJECTIONS FOR AROMATICS 75
4.6.4 FACTORS BEHIND INCREASING AROMATIC PRODUCTION 75
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4.7 PRICE ANALYSIS SCENARIO 77
4.7.1 RAW MATERIALS PRICE ANALYSIS 77
4.7.2 NAPHTHA 77
4.7.3 CRUDE OIL 77
4.7.4 NATURAL GAS 78
4.7.5 COAL 79
4.8 PRODUCTION CONSUMPTION ANALYSIS 80
4.9 MANUFACTURING COST SCENARIO 81
4.9.1 FUTURE IMPACT ON MARKET SHARE 81
4.10 MANUFACTURING PROCESS OF OLEFINS 82
4.11 MARKET CHANGES/CURRENT EVENTS 83
4.12 RECENT DEVELOPMENTS 85
4.13 SUPPLY CHAIN ANALYSIS 87
4.13.1 OVERVIEW 87
4.13.2 LOGISTIC COST SCENARIO 87
4.13.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 87
4.14 TECHNOLOGICAL INNOVATION 88
4.15 THE IMPACT OF REGIONAL PRODUCTION CAPACITIES ON EUROPE PLASTIC SUPPLY CHAINS 89
4.16 THE NEED FOR SUSTAINABLE PRODUCTION PRACTICES AND INVESTMENTS IN RECYCLING TECHNOLOGIES 91
4.17 UPCOMING PLASTIC TREATY NEGOTIATIONS 93
5 MARKET OVERVIEW 96
5.1 DRIVERS 97
5.1.1 GROWING DEMAND FOR OLEFINS IN VARIOUS END-USE INDUSTRIES 97
5.1.2 RISE IN DEMAND FOR AROMATIC COMPOUNDS BY THE PAINTS & COATINGS INDUSTRY 98
5.1.3 ECONOMIC GROWTH IN EMERGING MARKETS 99
5.2 RESTRAINTS 100
5.2.1 VOLATILITY IN RAW MATERIAL PRICES 100
5.2.2 EASY AVAILABILITY OF SUBSTITUTES 101
5.3 OPPORTUNITIES 102
5.3.1 ADVANCEMENTS AND INNOVATIONS IN PRODUCTION TECHNOLOGIES AND METHODS 102
5.3.2 RISING FOCUS ON SUSTAINABLE SOLUTIONS 103
5.3.3 STRATEGIC PARTNERSHIPS AND MERGERS 105
5.4 CHALLENGES 106
5.4.1 COMPLIANCE WITH STRINGENT REGULATIONS AND STANDARDS 106
5.4.2 HEALTH AND SAFETY CONCERNS OWING TO HAZARDOUS NATURE OF VARIOUS CHEMICALS 107
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6 EUROPE OLEFINS AND AROMATICS MARKET, BY PRODUCT 109
6.1 OVERVIEW 110
6.2 ETHYLENE 112
6.2.1 ETHYLENE, BY APPLICATION 112
6.3 PROPYLENE 113
6.3.1 PROPYLENE, BY APPLICATION 113
6.4 XYLENE 114
6.5 BENZENE 114
6.5.1 BENZENE, BY APPLICATION 115
6.6 TOLUENE 115
6.6.1 TOLUENE, BY APPLICATION 116
6.7 BUTADIENE 116
6.7.1 BUTADIENE, BY APPLICATION 117
7 EUROPE OLEFINS AND AROMATICS MARKET, BY VERTICAL 118
7.1 OVERVIEW 119
7.2 PACKAGING 120
7.2.1 PACKAGING, BY CATEGORY 121
7.3 BUILDING AND CONSTRUCTION 121
7.3.1 BUILDING AND CONSTRUCTION, BY CATEGORY 122
7.4 AUTOMOTIVE 122
7.4.1 AUTOMOTIVE, BY CATEGORY 123
7.5 ELECTRONICS AND ELECTRICALS 123
7.6 HOUSEHOLD 124
7.7 HEALTHCARE 124
7.8 AGRICULTURE 125
7.8.1 AGRICULTURE, BY CATEGORY 125
7.8.1.1 CROP PROTECTION CHEMICALS, BY CATEGORY 126
7.9 OTHERS 126
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8 EUROPE OLEFINS AND AROMATICS MARKET, BY REGION 127
8.1 EUROPE 128
8.1.1 GERMANY 137
8.1.2 ITALY 143
8.1.3 RUSSIA 149
8.1.4 FRANCE 155
8.1.5 SPAIN 161
8.1.6 POLAND 167
8.1.7 U.K. 173
8.1.8 BELGIUM 179
8.1.9 NETHERLANDS 185
8.1.10 TURKEY 191
8.1.11 LUXEMBURG 197
8.1.12 REST OF EUROPE 203
9 EUROPE OLEFINS AND AROMATICS MARKET: COMPANY LANDSCAPE 204
9.1 COMPANY SHARE ANALYSIS: EUROPE 204
10 SWOT ANALYSIS 205
11 COMPANY PROFILE 206
11.1 EXXON MOBIL CORPORATION 206
11.1.1 COMPANY SNAPSHOT 206
11.1.2 REVENUE ANALYSIS 206
11.1.3 COMPANY SHARE ANALYSIS 207
11.1.4 PRODUCT PORTFOLIO 207
11.1.5 RECENT DEVELOPMENT 207
11.2 SHELL PLC 209
11.2.1 COMPANY SNAPSHOT 209
11.2.2 REVENUE ANALYSIS 209
11.2.3 COMPANY SHARE ANALYSIS 210
11.2.4 PRODUCT PORTFOLIO 210
11.2.5 RECENT DEVELOPMENTS 212
11.3 REPSOL 213
11.3.1 COMPANY SNAPSHOT 213
11.3.2 REVENUE ANALYSIS 213
11.3.3 COMPANY SHARE ANALYSIS 214
11.3.4 PRODUCT PORTFOLIO 214
11.3.5 RECENT DEVELOPMENTS 215
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11.4 SABIC 217
11.4.1 COMPANY SNAPSHOT 217
11.4.2 REVENUE ANALYSIS 217
11.4.3 COMPANY SHARE ANALYSIS 218
11.4.4 PRODUCT PORTFOLIO 218
11.4.5 RECENT DEVELOPMENT 219
11.5 PTT EUROPE CHEMICAL PUBLIC COMPANY LIMITED 220
11.5.1 COMPANY SNAPSHOT 220
11.5.2 REVENUE ANALYSIS 220
11.5.3 COMPANY SHARE ANALYSIS 221
11.5.4 PRODUCT PORTFOLIO 221
11.5.5 RECENT DEVELOPMENT 222
11.6 BRASKEM 223
11.6.1 COMPANY SNAPSHOT 223
11.6.2 REVENUE ANALYSIS 223
11.6.3 PRODUCT PORTFOLIO 224
11.6.4 RECENT DEVELOPMENT 224
11.7 CHEVRON PHILLIPS CHEMICAL COMPANY LLC 226
11.7.1 COMPANY SNAPSHOT 226
11.7.2 REVENUE ANALYSIS 226
11.7.3 PRODUCT PORTFOLIO 227
11.7.4 RECENT DEVELOPMENTS 228
11.8 DOW 230
11.8.1 COMPANY SNAPSHOT 230
11.8.2 REVENUE ANALYSIS 230
11.8.3 PRODUCT PORTFOLIO 231
11.8.4 RECENT DEVELOPMENT 231
11.9 EVONIK INDUSTRIES AG 232
11.9.1 COMPANY SNAPSHOT 232
11.9.2 REVENUE ANALYSIS 232
11.9.3 PRODUCT PORTFOLIO 233
11.9.4 RECENT DEVELOPMENTS 233
11.10 GADIV PETROCHEMICAL INDUSTRIES (A SUBSIDIARY OF BAZAN GROUP) 234
11.10.1 COMPANY SNAPSHOT 234
11.10.2 PRODUCT PORTFOLIO 234
11.10.3 RECENT DEVELOPMENTS 234
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11.11 IDEMITSU KOSAN CO., LTD. 235
11.11.1 COMPANY SNAPSHOT 235
11.11.2 REVENUE ANALYSIS 235
11.11.3 PRODUCT PORTFOLIO 236
11.11.4 RECENT DEVELOPMENT 236
11.12 INEOS 238
11.12.1 COMPANY SNAPSHOT 238
11.12.2 PRODUCT PORTFOLIO 238
11.12.3 RECENT DEVELOPMENT 240
11.13 LYONDELLBASELL INDUSTRIES HOLDING B.V. 241
11.13.1 COMPANY SNAPSHOT 241
11.13.2 REVENUE ANALYSIS 241
11.13.3 PRODUCT PORTFOLIO 242
11.13.4 RECENT DEVELOPMENT 242
11.14 MITSUBISHI CHEMICAL GROUP CORPORATION 244
11.14.1 COMPANY SNAPSHOT 244
11.14.2 REVENUE ANALYSIS 244
11.14.3 PRODUCT PORTFOLIO 245
11.14.4 RECENT DEVELOPMENT 246
11.15 NOVA CHEMICALS CORPORATE 247
11.15.1 COMPANY SNAPSHOT 247
11.15.2 REVENUE ANALYSIS 247
11.15.3 PRODUCT PORTFOLIO 248
11.15.4 RECENT DEVELOPMENTS 249
11.16 ORLEN 250
11.16.1 COMPANY SNAPSHOT 250
11.16.2 REVENUE ANALYSIS 250
11.16.3 PRODUCT PORTFOLIO 251
11.16.4 RECENT DEVELOPMENT 253
11.17 PETRONAS CHEMICALS GROUP 254
11.17.1 COMPANY SNAPSHOT 254
11.17.2 REVENUE ANALYSIS 254
11.17.3 PRODUCT PORTFOLIO 255
11.17.4 RECENT DEVELOPMENT 255
11.18 PJSC SIBUR HOLDING 256
11.18.1 COMPANY SNAPSHOT 256
11.18.2 PRODUCT PORTFOLIO 256
11.18.3 RECENT DEVELOPMENTS 256
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11.19 SASOL 257
11.19.1 COMPANY SNAPSHOT 257
11.19.2 REVENUE ANALYSIS 257
11.19.3 PRODUCT PORTFOLIO 258
11.19.4 RECENT DEVELOPMENTS 258
11.20 TPC GROUP 259
11.20.1 COMPANY SNAPSHOT 259
11.20.2 PRODUCT PORTFOLIO 259
11.20.3 RECENT DEVELOPMENTS 259
12 QUESTIONNAIRE 261
13 RELATED REPORTS 264


11.20.1 COMPANY SNAPSHOT 259
11.20.2 PRODUCT PORTFOLIO 259
11.20.3 RECENT DEVELOPMENTS 259
12 QUESTIONNAIRE 261
13 RELATED REPORTS 264

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