A new forecast report on the global petrochemicals market for the period 2012-2022 has been released by Reportlinker.com. According to an analysis performed by Visiongain, the worldwide petrochemicals market is expected to reach a value of $609.30 billion in 2012.
It is anticipated that the emerging markets will enter into a period of considerable expansion, while Middle Eastern competition will produce permanent changes to the landscape of the petrochemicals market in the forecast period. In the emerging regions, sustainability has been a major hindrance to the petrochemicals markets and it is anticipated to be less of an obstacle in the developed regions.
The developing regions will play an important role in the growth of the global petrochemicals markets. The market value is projected to increase significantly and suppliers are anticipated to alter their focus from the developing nations to the developed nations. Innovation is projected to be more common in the highly mature regions, as there is a need to increase competitiveness globally and the regions will achieve this via increased efficiency and reduced costs.
The report includes forecasts and analysis for five end use petrochemicals submarkets: basic Petrochemicals, synthetic fibre, synthetic rubbers, plastic/polymers and other chemicals. It also provides forecasts for petrochemicals production in the 20 leading nations for the period 2012-2022. Analysis of the factors that influence and characterize the market is also included in the report. In addition, the report offers profiles of 20 major companies in the petrochemicals market.
Source: http://www.reportlinker.com