Oil to the chemical market refers to the process of converting crude oil directly into chemicals, primarily petrochemicals, with limited production of conventional fuels such as gasoline, diesel and aviation fuel To process crude oil into chemicals, Shell Catalysts Technologies combines raw materials with petrochemical technologies, applying these refining technologies to the petrochemical industry in order to allow more efficient catalyst processing and energy savings due to feedstock cycling, which in turn contributes to improved return on investment
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Top Leading KeyPlayers:
Saudi Aramco (Saudi Arabia), E7.3onMobil (USA), Royal Dutch Shell (Netherlands), BP (UK), Sinopec (China), TotalEnergies (France), Chevron (USA), BASF (Germany), Dow Chemical (USA), LyondellBasell Industries (USA), Reliance Industries (India), SABIC (Saudi Arabia), INEOS (UK), LG Chem (South Korea), Formosa Plastics (Taiwan), Mitsubishi Chemical Holdings (Japan), Sumitomo Chemical (Japan), Petrobras (Brazil), PTT Global Chemical (Thailand), China National Petroleum Corporation (CNPC) (China), Idemitsu Kosan (Japan), Braskem (Brazil), Borealis (Austria), Eni (Italy), Lukoil (Russia) and Other Active Players.
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Segmentation Of Oil to Chemical Market
By Product Type
- Commodity Chemicals
- Diversified Chemicals
- Fertilizers Agricultural Chemicals
- Industrial Gases
By Technology
- Steam Cracking
- Fluid Catalytic Cracking
- Hydrocracking
By End-User
- Construction
- Automotive
- Packaging
- Consumer Goods
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Oil to Chemical Market Trend Analysis
Increasing Demand for Petrochemicals
- Crude Oil is used to make Petrochemical products and additionally petroleum Components. Petrochemicals are applied for a huge variety of merchandise, ranging from common every day-use object to luxury items. Petrochemical objects also variety from primary plastic bags to complex explosives.
- Petrochemicals are also used to make plastic bottles wherein the majority of plastic items are made from polyester. Cassettes and compact discs are built of polyester, dyes also are made from petrochemicals, and the ink that is utilized in pens is a manufactured from petrochemicals.
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