Petrochemicals Global Market Briefing

Petrochemicals Global Market Briefing Released By The Business Research Company

Petrochemicals Global Market Briefing provides strategists, marketers and senior management with the critical information they need to assess the global Petrochemicals Services sector.

Petrochemicals are chemicals products derived from petroleum. They are also called petroleum distillates. Some of the same chemicals compounds as petrochemicals are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as corn or sugar cane but, but these are not included in the petrochemicals industry.
The petrochemicals manufacturing industry comprises establishments that   primarily engage in manufacturing acyclic (aliphatic) hydrocarbons such as ethylene, propylene and butylene made from refined petroleum or liquid hydrocarbons and establishments that manufacture cyclic aromatic hydrocarbons such as benzene, toluene, styrene, xylene, ethyl benzene, and cumene from refined petroleum or liquid hydrocarbons. Hydrocarbons are organic compounds consisting entirely of hydrogen and carbon.

The largest segments in the petrochemicals market as of 2015 were Ethylene, Propylene, Benzene and Xylene.

Automation And Instrumentation Solutions – Petrochemical companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters and pressure transmitters that help to improve an organizations operational efficiency. For example, Siemens process instrumentation and gas analytics solutions increases productivity and efficiency during plant operations.

Coal As Key Feedstock – Coal gasification as feedstock is being widely used to increase petrochemicals production. Petrochemical companies in China developed coal-based liquid fuels...