Petrochemicals global industry trends

The top 15 petrochemicals are analyzed in a new report by Coherent Market Insights, a market research and consulting firm based in Seattle, WA. Petrochemicals play an important role in the 21st-century lifestyle and are utilized in various end-use products across a range of industries. The most sought-after product is ethylene, which holds a 25% market share in the global petrochemicals market. It is used as a feedstock for the manufacture of polyethylene, polystyrene, ethylene glycol and ethanol. The following ethylene in terms of market share is benzene, propylene, xylene, and butadiene.