유럽의 석유화학제품 시장 : 예측 - 지역별 분석 - 유형, 용도, 최종 이용 산업별(-2031년)

The Europe petrochemicals market was valued at US$ 104.32 billion in 2023 and is expected to reach US$ 150.93 billion by 2031; it is estimated to record a CAGR of 4.7% from 2023 to 2031.

Surge in Demand for Polymers across Various End-Use Industries Drives Europe Petrochemicals Market

Petrochemical-based polymers such as polyamide, polypropylene, polystyrene, high-density polyethylene, thermoplastic elastomers, polyurethane, polycarbonate, and polyvinyl chloride are widely used in the automotive industry as these polymers offer excellent durability and resistance to corrosion. According to the CDI Products Company, the automotive industry is a significant consumer of polymers. These polymers enhance the longevity of automotive components, including interior parts and exterior body panels, as well as under-the-hood applications. As per the Plastics Europe 2023 report, the global production of plastics increased from 380.4 million tons in 2020 to 400.3 million tons in 2022.

• FIGURE 1. GLOBAL PLASTICS PRODUCTION - BY POLYMER, 2022

Source: Plastics Europe, 2023

According to the CDI Products Company, the automotive industry has various applications of petrochemical-based polymers, including PTFE seals, O-rings, bearings and thrust bearings, low-drag mudflaps, suspension cylinder seals, sensor covers, diaphragms, rotary seals, custom-made gaskets, wiring harnesses & housing, and battery sealing for pressure valves, among others. The EU registered the production of more than 9 million cars in the first three quarters of 2023, a rise of 14% from the same quarter in 2022, as per the European Automobile Manufacturers' Association. The growing utilization of polymers in the automotive industry, coupled with the developments in the automotive industry, fuels the demand for petrochemicals.

Polymers are used in construction for insulation, windows, pipes, and coatings due to their energy-efficient properties. They help reduce energy consumption in buildings by providing effective thermal insulation. With the rise in construction activities, the demand for petrochemical-based materials is also increasing. Thus, the rising demand for polymers across various end-use industries fuels the petrochemicals market growth.

Europe Petrochemicals Market Overview

Germany is one of the leading producers of automobiles in the world, and several major car manufacturing companies, including Volkswagen, BMW AG, and Audi, are located in the country. Germany produces ~6 million vehicles annually, including passenger cars and commercial vehicles. According to Germany Trade & Invest GmbH, Germany is Europe's largest automotive market, with strong production and sales, accounting for ~25% of all passenger cars manufactured and almost 20% of all new registrations. The country also possesses the largest concentration of original equipment manufacturer (OEM) plants in Europe. With 44 OEM sites located in Germany, the country's OEM market share in the European Union was more than 55% in 2021. The automotive industry, a cornerstone of Germany's economy, relies heavily on petrochemical products. Petrochemicals are essential in producing various automotive components such as plastics for interiors, synthetic rubber for tires, and polymers for lightweight, fuel-efficient parts. As German automakers continually innovate to produce efficient and lightweight vehicles, the demand for specialized petrochemicals remains high.

Moreover, the pharmaceutical and healthcare sectors in Germany contribute to the demand for petrochemicals. The country is a leader in pharmaceutical production, and petrochemical derivatives are critical in manufacturing drugs, medical devices, and packaging materials. The demand for high-quality plastics and polymers that meet stringent health and safety standards is high, supporting the production of syringes, IV bags, and other medical supplies.

Europe Petrochemicals Market Revenue and Forecast to 2031 (US$ Billion)

Europe Petrochemicals Market Segmentation

The Europe petrochemicals market is segmented based on type, application, end-use industry, and country. Based on type, the Europe petrochemicals market is segmented into ethylene, benzene, propylene, xylene, and others. The ethylene segment held the largest market share in 2023.

In terms of application, the Europe petrochemicals market is segmented into polymers, paints and coatings, solvent, rubber, adhesives, surfactants, and others. The polymers segment held the largest market share in 2023.

By end-use industry, the Europe petrochemicals market is categorized into packaging, automotive, construction, electrical & electronics, healthcare, agriculture, aerospace & defense, and others. The packaging segment held the largest market share in 2023.

Based on country, the Europe petrochemicals market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe petrochemicals market share in 2023.

Shell Plc, LyondellBasell Industries NV, Saudi Basic Industries Corp, BASF SE, INEOS Group Holdings SA, Dow Inc, Chevron Phillips Chemical Company LLC, China Petroleum & Chemical Corp, Mitsubishi Chemical Group Corp, and Exxon Mobil Corp are some of the leading players operating in the Europe petrochemicals market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Secondary Research
• 3.2 Primary Research
  • 3.2.1 Hypothesis formulation:
  • 3.2.2 Macro-economic factor analysis:
  • 3.2.3 Developing base number:
  • 3.2.4 Data Triangulation:
  • 3.2.5 Country level data:

4. Europe Petrochemicals Market Landscape

• 4.1 Overview
• 4.2 Porter's Five Forces Analysis
  • 4.2.1 Bargaining Power of Suppliers
  • 4.2.2 Bargaining Power of Buyers
  • 4.2.3 Threat of New Entrants
  • 4.2.4 Intensity of Competitive Rivalry
  • 4.2.5 Threat of Substitutes
• 4.3 Ecosystem Analysis
  • 4.3.1 Crude Oil and Feedstock Preparation
  • 4.3.2 Petrochemicals Manufacturers
  • 4.3.3 Distributors
  • 4.3.4 End-Use Industry
  • 4.3.5 List of Vendors in the Value Chain

5. Europe Petrochemicals Market - Key Market Dynamics

• 5.1 Petrochemicals Market - Key Market Dynamics
• 5.2 Market Drivers
  • 5.2.1 Growth in the Packaging Industry
  • 5.2.2 Surge in Demand for Polymers across Various End-Use Industries
• 5.3 Market Restraints
  • 5.3.1 Fluctuations in the Crude Oil Prices
• 5.4 Market Opportunities
  • 5.4.1 Growing Investments in Aerospace & Defense Industry
• 5.5 Future Trends
  • 5.5.1 Development of Biodegradable Petrochemical-Based Products
• 5.6 Impact of Drivers and Restraints:

6. Petrochemicals Market - Europe Market Analysis

• 6.1 Europe Petrochemicals Market Overview
• 6.2 Petrochemicals Market Volume (Million Tons), 2021-2031
• 6.3 Petrochemicals Market Volume Forecast and Analysis (Million Tons)
• 6.4 Petrochemicals Market Revenue (US$ Billion), 2023-2031
• 6.5 Petrochemicals Market Forecast and Analysis

7. Europe Petrochemicals Market Volume and Revenue Analysis - by Type

• 7.1 Ethylene
  • 7.1.1 Overview
  • 7.1.2 Ethylene: Petrochemicals Market - Volume and Forecast to 2031 (Million Tons)
  • 7.1.3 Ethylene: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 7.2 Benzene
  • 7.2.1 Overview
  • 7.2.2 Benzene: Petrochemicals Market - Volume and Forecast to 2031 (Million Tons)
  • 7.2.3 Benzene: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 7.3 Propylene
  • 7.3.1 Overview
  • 7.3.2 Propylene: Petrochemicals Market - Volume and Forecast to 2031 (Million Tons)
  • 7.3.3 Propylene: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 7.4 Xylene
  • 7.4.1 Overview
  • 7.4.2 Xylene: Petrochemicals Market - Volume and Forecast to 2031 (Million Tons)
  • 7.4.3 Xylene: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 7.5 Others
  • 7.5.1 Overview
  • 7.5.2 Others: Petrochemicals Market - Volume and Forecast to 2031 (Million Tons)
  • 7.5.3 Others: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)

8. Europe Petrochemicals Market Revenue Analysis - by Application

• 8.1 Polymers
  • 8.1.1 Overview
  • 8.1.2 Polymers: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 8.2 Paints and Coatings
  • 8.2.1 Overview
  • 8.2.2 Paints and Coatings: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 8.3 Solvent
  • 8.3.1 Overview
  • 8.3.2 Solvent: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 8.4 Rubber
  • 8.4.1 Overview
  • 8.4.2 Rubber: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 8.5 Adhesives
  • 8.5.1 Overview
  • 8.5.2 Adhesives: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 8.6 Surfactants
  • 8.6.1 Overview
  • 8.6.2 Surfactants: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 8.7 Others
  • 8.7.1 Overview
  • 8.7.2 Others: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)

9. Europe Petrochemicals Market Revenue Analysis - by End-use Industry

• 9.1 Packaging
  • 9.1.1 Overview
  • 9.1.2 Packaging: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 9.2 Automotive
  • 9.2.1 Overview
  • 9.2.2 Automotive: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 9.3 Construction
  • 9.3.1 Overview
  • 9.3.2 Construction: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 9.4 Electrical and Electronics
  • 9.4.1 Overview
  • 9.4.2 Electrical and Electronics: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 9.5 Healthcare
  • 9.5.1 Overview
  • 9.5.2 Healthcare: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 9.6 Agriculture
  • 9.6.1 Overview
  • 9.6.2 Agriculture: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 9.7 Aerospace and Defense
  • 9.7.1 Overview
  • 9.7.2 Aerospace and Defense: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
• 9.8 Others
  • 9.8.1 Overview
  • 9.8.2 Others: Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)

10. Europe Petrochemicals Market - Country Analysis

• 10.1 Europe
  • 10.1.1 Europe Petrochemicals Market Revenue and Forecast and Analysis - by Country
    • 10.1.1.1 Europe Petrochemicals Market Volume and Forecast and Analysis - by Country
    • 10.1.1.2 Europe Petrochemicals Market Revenue and Forecast and Analysis - by Country
    • 10.1.1.3 Germany Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
      • 10.1.1.3.1 Germany Petrochemicals Market Breakdown by Type
      • 10.1.1.3.2 Germany Petrochemicals Market Breakdown by Application
      • 10.1.1.3.3 Germany Petrochemicals Market Breakdown by End-use Industry
    • 10.1.1.4 France Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
      • 10.1.1.4.1 France Petrochemicals Market Breakdown by Type
      • 10.1.1.4.2 France Petrochemicals Market Breakdown by Application
      • 10.1.1.4.3 France Petrochemicals Market Breakdown by End-use Industry
    • 10.1.1.5 Italy Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
      • 10.1.1.5.1 Italy Petrochemicals Market Breakdown by Type
      • 10.1.1.5.2 Italy Petrochemicals Market Breakdown by Application
      • 10.1.1.5.3 Italy Petrochemicals Market Breakdown by End-use Industry
    • 10.1.1.6 United Kingdom Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
      • 10.1.1.6.1 United Kingdom Petrochemicals Market Breakdown by Type
      • 10.1.1.6.2 United Kingdom Petrochemicals Market Breakdown by Application
      • 10.1.1.6.3 United Kingdom Petrochemicals Market Breakdown by End-use Industry
    • 10.1.1.7 Russia Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
      • 10.1.1.7.1 Russia Petrochemicals Market Breakdown by Type
      • 10.1.1.7.2 Russia Petrochemicals Market Breakdown by Application
      • 10.1.1.7.3 Russia Petrochemicals Market Breakdown by End-use Industry
    • 10.1.1.8 Rest of Europe Petrochemicals Market - Revenue and Forecast to 2031 (US$ Billion)
      • 10.1.1.8.1 Rest of Europe Petrochemicals Market Breakdown by Type
      • 10.1.1.8.2 Rest of Europe Petrochemicals Market Breakdown by Application
      • 10.1.1.8.3 Rest of Europe Petrochemicals Market Breakdown by End-use Industry

11. Competitive Landscape

• 11.1 Heat Map Analysis by Key Players
• 11.2 Company Positioning & Concentration

12. Industry Landscape

• 12.1 Overview
• 12.2 Market Initiative
• 12.3 Mergers & Acquisitions

13. Company Profiles

• 13.1 Shell Plc
  • 13.1.1 Key Facts
  • 13.1.2 Business Description
  • 13.1.3 Products and Services
  • 13.1.4 Financial Overview
  • 13.1.5 SWOT Analysis
  • 13.1.6 Key Developments
• 13.2 LyondellBasell Industries NV
  • 13.2.1 Key Facts
  • 13.2.2 Business Description
  • 13.2.3 Products and Services
  • 13.2.4 Financial Overview
  • 13.2.5 SWOT Analysis
  • 13.2.6 Key Developments
• 13.3 Saudi Basic Industries Corp
  • 13.3.1 Key Facts
  • 13.3.2 Business Description
  • 13.3.3 Products and Services
  • 13.3.4 Financial Overview
  • 13.3.5 SWOT Analysis
  • 13.3.6 Key Developments
• 13.4 BASF SE
  • 13.4.1 Key Facts
  • 13.4.2 Business Description
  • 13.4.3 Products and Services
  • 13.4.4 Financial Overview
  • 13.4.5 SWOT Analysis
  • 13.4.6 Key Developments
• 13.5 INEOS Group Holdings SA
  • 13.5.1 Key Facts
  • 13.5.2 Business Description
  • 13.5.3 Products and Services
  • 13.5.4 Financial Overview
  • 13.5.5 SWOT Analysis
  • 13.5.6 Key Developments
• 13.6 Dow Inc
  • 13.6.1 Key Facts
  • 13.6.2 Business Description
  • 13.6.3 Products and Services
  • 13.6.4 Financial Overview
  • 13.6.5 SWOT Analysis
  • 13.6.6 Key Developments
• 13.7 Chevron Phillips Chemical Company LLC.
  • 13.7.1 Key Facts
  • 13.7.2 Business Description
  • 13.7.3 Products and Services
  • 13.7.4 Financial Overview
  • 13.7.5 SWOT Analysis
  • 13.7.6 Key Developments
• 13.8 China Petroleum & Chemical Corp
  • 13.8.1 Key Facts
  • 13.8.2 Business Description
  • 13.8.3 Products and Services
  • 13.8.4 Financial Overview
  • 13.8.5 SWOT Analysis
  • 13.8.6 Key Developments
• 13.9 Mitsubishi Chemical Group Corp
  • 13.9.1 Key Facts
  • 13.9.2 Business Description
  • 13.9.3 Products and Services
  • 13.9.4 Financial Overview
  • 13.9.5 SWOT Analysis
  • 13.9.6 Key Developments
• 13.10 Exxon Mobil Corp
  • 13.10.1 Key Facts
  • 13.10.2 Business Description
  • 13.10.3 Products and Services
  • 13.10.4 Financial Overview
  • 13.10.5 SWOT Analysis
  • 13.10.6 Key Developments

14. Appendix

• 14.1 About The Insight Partners