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Report
North America Olefins and Aromatics Market
Market Report I 2024-07-01 I 183 Pages I Data Bridge Market Research
The North America olefins and aromatics market is expected to reach USD 147,783.57 million by 2031 from USD 105,789.48 million in 2023, growing with a substantial CAGR of 4.39% in the forecast period of 2024 to 2031.
Market Segmentation:
North America 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 (U.S., Canada, and Mexico) - Industry Trends and Forecast To 2031
Overview of North America 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 North America olefins and aromatics market market are:
- Exxon Mobil Corporation
- Shell plc
- Repsol
- SABIC
- INEOS
- Braskem
- Sasol
- Dow
- NOVA Chemicals Corporate
- Idemitsu Kosan Co.,Ltd.
- 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
- TPC Group
1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 OVERVIEW 16
1.4 LIMITATIONS 17
1.5 MARKETS COVERED 17
2 MARKET SEGMENTATION 23
2.1 MARKETS COVERED 23
2.2 GEOGRAPHICAL SCOPE 24
2.3 YEARS CONSIDERED FOR THE STUDY 25
2.4 CURRENCY AND PRICING 25
2.5 DBMR TRIPOD DATA VALIDATION MODEL 26
2.6 MULTIVARIATE MODELING 29
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 30
2.8 DBMR MARKET POSITION GRID 31
2.9 DBMR VENDOR SHARE ANALYSIS 32
2.10 SECONDARY SOURCES 33
2.11 ASSUMPTIONS 34
3 EXECUTIVE SUMMARY 35
4 PREMIUM INSIGHTS 40
4.1 PESTEL ANALYSIS 41
4.1.1 POLITICAL FACTORS 41
4.1.2 ECONOMIC FACTORS 41
4.1.3 SOCIAL FACTORS 41
4.1.4 TECHNOLOGICAL FACTORS 42
4.1.5 ENVIRONMENTAL FACTORS 42
4.1.6 LEGAL FACTORS 42
4.2 PORTER'S FIVE FORCES 43
4.2.1 THREAT OF NEW ENTRANTS 43
4.2.2 BARGAINING POWER OF SUPPLIERS 43
4.2.3 BARGAINING POWER OF BUYERS 44
4.2.4 THREAT OF SUBSTITUTES 44
4.2.5 INDUSTRY RIVALRY 44
4.3 VALUE CHAIN ANALYSIS 45
4.3.1 RAW MATERIAL EXTRACTION 45
4.3.2 FEEDSTOCK PROCESSING 45
4.3.3 OLEFIN AND AROMATIC PRODUCTION 45
4.3.4 DERIVATIVES PRODUCTION 46
4.3.5 POLYMER PRODUCTION 46
4.3.6 DOWNSTREAM PROCESSING AND FABRICATION 46
4.3.7 DISTRIBUTION AND RETAIL 46
4.3.8 END-USER APPLICATIONS 46
4.4 VENDOR SELECTION CRITERIA 47
4.4.1 QUALITY AND CONSISTENCY OF SUPPLY 47
4.4.2 RELIABILITY AND TIMELINESS 48
4.4.3 COST COMPETITIVENESS 48
4.4.4 TECHNICAL CAPABILITY AND INNOVATION 48
4.4.5 REGULATORY COMPLIANCE AND SUSTAINABILITY 48
4.4.6 FINANCIAL STABILITY 48
4.4.7 CUSTOMER SERVICE AND SUPPORT 48
4.5 COLLABORATIVE EFFORTS TO ADDRESS ENVIRONMENTAL CONCERNS AND PROMOTE THE CIRCULAR ECONOMY 49
4.5.1 KEY AREAS OF COLLABORATION 49
4.5.1.1 PUBLIC-PRIVATE PARTNERSHIPS: 49
4.5.1.2 INTERGOVERNMENTAL COOPERATION: 49
4.5.1.3 INDUSTRY COLLABORATION: 49
4.5.1.4 COMMUNITY ENGAGEMENT: 49
4.5.2 INSTANCES OF SUCCESSFUL COLLABORATIVE INITIATIVES 49
4.5.2.1 THE ELLEN MACARTHUR FOUNDATION: 49
4.5.2.2 CIRCULAR CITIES: 49
4.5.2.3 NORTH AMERICA RECYCLING DAY: 50
4.5.3 CHALLENGES AND OPPORTUNITIES 50
4.5.3.1 CHALLENGES: 50
4.5.3.2 OPPORTUNITIES: 50
4.6 ASIA-PACIFIC AND SOUTH EAST ASIA PRODUCTION PROJECTIONS FOR OLEFINS AND AROMATICS 51
4.6.1 INCREASING PRODUCTION PROJECTIONS FOR OLEFINS 51
4.6.2 FACTORS BEHIND INCREASING OLEFIN PRODUCTION 51
4.6.3 INCREASING PRODUCTION PROJECTIONS FOR AROMATICS 52
4.6.4 FACTORS BEHIND INCREASING AROMATIC PRODUCTION 52
4.7 PRICE ANALYSIS SCENARIO 54
4.7.1 RAW MATERIALS PRICE ANALYSIS 54
4.7.2 NAPHTHA 54
4.7.3 CRUDE OIL 54
4.7.4 NATURAL GAS 55
4.7.5 COAL 56
4.8 PRODUCTION CONSUMPTION ANALYSIS 57
4.9 MANUFACTURING COST SCENARIO 58
4.9.1 FUTURE IMPACT ON MARKET SHARE 58
4.10 MANUFACTURING PROCESS OF OLEFINS 59
4.11 MARKET CHANGES/CURRENT EVENTS 60
4.12 RECENT DEVELOPMENTS 62
4.13 SUPPLY CHAIN ANALYSIS 64
4.13.1 OVERVIEW 64
4.13.2 LOGISTIC COST SCENARIO 64
4.13.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 64
4.14 TECHNOLOGICAL INNOVATION 65
4.15 THE IMPACT OF REGIONAL PRODUCTION CAPACITIES ON NORTH AMERICA PLASTIC SUPPLY CHAINS 66
4.16 THE NEED FOR SUSTAINABLE PRODUCTION PRACTICES AND INVESTMENTS IN RECYCLING TECHNOLOGIES 68
4.17 UPCOMING PLASTIC TREATY NEGOTIATIONS 70
5 MARKET OVERVIEW 73
5.1 DRIVERS 74
5.1.1 GROWING DEMAND FOR OLEFINS IN VARIOUS END-USE INDUSTRIES 74
5.1.2 RISE IN DEMAND FOR AROMATIC COMPOUNDS BY THE PAINTS & COATINGS INDUSTRY 75
5.1.3 ECONOMIC GROWTH IN EMERGING MARKETS 76
5.2 RESTRAINTS 77
5.2.1 VOLATILITY IN RAW MATERIAL PRICES 77
5.2.2 EASY AVAILABILITY OF SUBSTITUTES 78
5.3 OPPORTUNITIES 79
5.3.1 ADVANCEMENTS AND INNOVATIONS IN PRODUCTION TECHNOLOGIES AND METHODS 79
5.3.2 RISING FOCUS ON SUSTAINABLE SOLUTIONS 80
5.3.3 STRATEGIC PARTNERSHIPS AND MERGERS 82
5.4 CHALLENGES 83
5.4.1 COMPLIANCE WITH STRINGENT REGULATIONS AND STANDARDS 83
5.4.2 HEALTH AND SAFETY CONCERNS OWING TO HAZARDOUS NATURE OF VARIOUS CHEMICALS 84
6 NORTH AMERICA OLEFINS AND AROMATICS MARKET, BY PRODUCT 86
6.1 OVERVIEW 87
6.2 ETHYLENE 89
6.2.1 ETHYLENE, BY APPLICATION 89
6.3 PROPYLENE 90
6.3.1 PROPYLENE, BY APPLICATION 90
6.4 XYLENE 91
6.5 BENZENE 91
6.5.1 BENZENE, BY APPLICATION 92
6.6 TOLUENE 92
6.6.1 TOLUENE, BY APPLICATION 93
6.7 BUTADIENE 93
6.7.1 BUTADIENE, BY APPLICATION 94
7 NORTH AMERICA OLEFINS AND AROMATICS MARKET, BY VERTICAL 95
7.1 OVERVIEW 96
7.2 PACKAGING 97
7.2.1 PACKAGING, BY CATEGORY 98
7.3 BUILDING AND CONSTRUCTION 98
7.3.1 BUILDING AND CONSTRUCTION, BY CATEGORY 99
7.4 AUTOMOTIVE 99
7.4.1 AUTOMOTIVE, BY CATEGORY 100
7.5 ELECTRONICS AND ELECTRICALS 100
7.6 HOUSEHOLD 101
7.7 HEALTHCARE 101
7.8 AGRICULTURE 102
7.8.1 AGRICULTURE, BY CATEGORY 102
7.8.1.1 CROP PROTECTION CHEMICALS, BY CATEGORY 103
7.9 OTHERS 103
8 NORTH AMERICA OLEFINS AND AROMATICS MARKET, BY REGION 104
8.1 NORTH AMERICA 105
8.1.1 U.S. 111
8.1.2 CANADA 115
8.1.3 MEXICO 119
9 NORTH AMERICA OLEFINS AND AROMATICS MARKET: COMPANY LANDSCAPE 123
9.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 123
10 SWOT ANALYSIS 124
11 COMPANY PROFILE 125
11.1 EXXON MOBIL CORPORATION 125
11.1.1 COMPANY SNAPSHOT 125
11.1.2 REVENUE ANALYSIS 125
11.1.3 COMPANY SHARE ANALYSIS 126
11.1.4 PRODUCT PORTFOLIO 126
11.1.5 RECENT DEVELOPMENT 126
11.2 SHELL PLC 128
11.2.1 COMPANY SNAPSHOT 128
11.2.2 REVENUE ANALYSIS 128
11.2.3 COMPANY SHARE ANALYSIS 129
11.2.4 PRODUCT PORTFOLIO 129
11.2.5 RECENT DEVELOPMENTS 131
11.3 REPSOL 132
11.3.1 COMPANY SNAPSHOT 132
11.3.2 REVENUE ANALYSIS 132
11.3.3 COMPANY SHARE ANALYSIS 133
11.3.4 PRODUCT PORTFOLIO 133
11.3.5 RECENT DEVELOPMENTS 134
11.4 SABIC 136
11.4.1 COMPANY SNAPSHOT 136
11.4.2 REVENUE ANALYSIS 136
11.4.3 COMPANY SHARE ANALYSIS 137
11.4.4 PRODUCT PORTFOLIO 137
11.4.5 RECENT DEVELOPMENT 138
11.5 PTT NORTH AMERICA CHEMICAL PUBLIC COMPANY LIMITED 139
11.5.1 COMPANY SNAPSHOT 139
11.5.2 REVENUE ANALYSIS 139
11.5.3 COMPANY SHARE ANALYSIS 140
11.5.4 PRODUCT PORTFOLIO 140
11.5.5 RECENT DEVELOPMENT 141
11.6 BRASKEM 142
11.6.1 COMPANY SNAPSHOT 142
11.6.2 REVENUE ANALYSIS 142
11.6.3 PRODUCT PORTFOLIO 143
11.6.4 RECENT DEVELOPMENT 143
11.7 CHEVRON PHILLIPS CHEMICAL COMPANY LLC 145
11.7.1 COMPANY SNAPSHOT 145
11.7.2 REVENUE ANALYSIS 145
11.7.3 PRODUCT PORTFOLIO 146
11.7.4 RECENT DEVELOPMENTS 147
11.8 DOW 149
11.8.1 COMPANY SNAPSHOT 149
11.8.2 REVENUE ANALYSIS 149
11.8.3 PRODUCT PORTFOLIO 150
11.8.4 RECENT DEVELOPMENT 150
11.9 EVONIK INDUSTRIES AG 151
11.9.1 COMPANY SNAPSHOT 151
11.9.2 REVENUE ANALYSIS 151
11.9.3 PRODUCT PORTFOLIO 152
11.9.4 RECENT DEVELOPMENTS 152
11.10 GADIV PETROCHEMICAL INDUSTRIES (A SUBSIDIARY OF BAZAN GROUP) 153
11.10.1 COMPANY SNAPSHOT 153
11.10.2 PRODUCT PORTFOLIO 153
11.10.3 RECENT DEVELOPMENTS 153
11.11 IDEMITSU KOSAN CO., LTD. 154
11.11.1 COMPANY SNAPSHOT 154
11.11.2 REVENUE ANALYSIS 154
11.11.3 PRODUCT PORTFOLIO 155
11.11.4 RECENT DEVELOPMENT 155
11.12 INEOS 157
11.12.1 COMPANY SNAPSHOT 157
11.12.2 PRODUCT PORTFOLIO 157
11.12.3 RECENT DEVELOPMENT 159
11.13 LYONDELLBASELL INDUSTRIES HOLDING B.V. 160
11.13.1 COMPANY SNAPSHOT 160
11.13.2 REVENUE ANALYSIS 160
11.13.3 PRODUCT PORTFOLIO 161
11.13.4 RECENT DEVELOPMENT 161
11.14 MITSUBISHI CHEMICAL GROUP CORPORATION 163
11.14.1 COMPANY SNAPSHOT 163
11.14.2 REVENUE ANALYSIS 163
11.14.3 PRODUCT PORTFOLIO 164
11.14.4 RECENT DEVELOPMENT 165
11.15 NOVA CHEMICALS CORPORATE 166
11.15.1 COMPANY SNAPSHOT 166
11.15.2 REVENUE ANALYSIS 166
11.15.3 PRODUCT PORTFOLIO 167
11.15.4 RECENT DEVELOPMENTS 168
11.16 ORLEN 169
11.16.1 COMPANY SNAPSHOT 169
11.16.2 REVENUE ANALYSIS 169
11.16.3 PRODUCT PORTFOLIO 170
11.16.4 RECENT DEVELOPMENT 172
11.17 PETRONAS CHEMICALS GROUP 173
11.17.1 COMPANY SNAPSHOT 173
11.17.2 REVENUE ANALYSIS 173
11.17.3 PRODUCT PORTFOLIO 174
11.17.4 RECENT DEVELOPMENT 174
11.18 PJSC SIBUR HOLDING 175
11.18.1 COMPANY SNAPSHOT 175
11.18.2 PRODUCT PORTFOLIO 175
11.18.3 RECENT DEVELOPMENTS 175
11.19 SASOL 176
11.19.1 COMPANY SNAPSHOT 176
11.19.2 REVENUE ANALYSIS 176
11.19.3 PRODUCT PORTFOLIO 177
11.19.4 RECENT DEVELOPMENTS 177
11.20 TPC GROUP 178
11.20.1 COMPANY SNAPSHOT 178
11.20.2 PRODUCT PORTFOLIO 178
11.20.3 RECENT DEVELOPMENTS 178
12 QUESTIONNAIRE 180
13 RELATED REPORTS 183
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