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Petrochemicals Market Size to Reach USD 1,263.95 Billion By 2035

Petrochemicals Market Size to Reach USD 1,263.95 Billion By 2035

The global petrochemicals market is projected to reach USD 1,263.95 billion by 2035, growing at a 5.85% CAGR. Driven by industrial demand, packaging, and sustainable innovations, Asia Pacific leads, with Middle East & Africa showing fastest growth.
Why is the Petrochemicals Market continuing to play a critical role in global industrial and manufacturing growth today?

Why is the Petrochemicals Market continuing to play a critical role in global industrial and manufacturing growth today?

The Petrochemicals Market reached USD 0.85 billion in 2025, projected to hit USD 1.20 billion by 2033 with a 6% CAGR. Driven by increasing demand for plastics, polymers, and industrial growth, it plays a critical role in global manufacturing.
India’s Vishnu Chemicals announces temporary shutdown of Parwada plant for routine maintenance

India’s Vishnu Chemicals announces temporary shutdown of Parwada plant for routine maintenance

Vishnu Chemicals announced a temporary shutdown of its Parwada plant for three weeks of routine maintenance. The unit is closed for essential upkeep, ensuring operational efficiency.
China phenol and acetone capacity utilization rate drop to 77.30% as of Apr 15

China phenol and acetone capacity utilization rate drop to 77.30% as of Apr 15

China's phenol-acetone capacity fell to 77.30% by April 15 due to plant maintenance, tightening supply. Low port inventory of 33,000 tonnes supports prices, with market direction hinging on imported cargo arrivals.
Over 6.90 mln tonnes China ammonium chloride capacity under maintenance pre-May

Over 6.90 mln tonnes China ammonium chloride capacity under maintenance pre-May

China's ammonium chloride capacity, over 6.90 million tonnes, faces pre-May maintenance, tightening supply. Prices rebounded post-Spring Festival, rising 32.78% (Yuan 165.90/tonne) by mid-April due to demand and global fertilizer prices.
China's Propylene Operating Rate Drops to 65% in April

China's Propylene Operating Rate Drops to 65% in April

China's propylene operating rate is expected to drop to 65% in April due to Middle East conflict. The composite rate fell to 66.97% by April 15, a 6.70 percentage point decline from pre-conflict levels.
Briefs: TANFAC Industries and Vishnu Chemicals

Briefs: TANFAC Industries and Vishnu Chemicals

TANFAC Industries secured a Rs. 1,250 crore, five-year MoU to supply 5,000 MT/annum of fluorinated product to an MNC. Vishnu Chemicals announced a three-week routine maintenance shutdown of its Visakhapatnam plant from April 15, 2026.
Krungsri Bullish on Petrochemicals Sector Outlook for 2026

Krungsri Bullish on Petrochemicals Sector Outlook for 2026

Krungsri is bullish on petrochemicals for 2026, citing strong spread recovery (e.g., HDPE/PP up 24-25%, PX up 54%, BZ up 260%) due to lower feedstock costs and tight supply, despite crude oil volatility.
How West Asia Conflict Could Reshape India's Petrochemical Future

How West Asia Conflict Could Reshape India's Petrochemical Future

West Asia conflict exposes India's petrochemical fragility, urging a shift from fossil-based plastics and fertilizers. Experts advocate a circular economy, reducing $19.88bn subsidies on fossil fertilizers and addressing plastic toxicity.
Avio Smart Market Stack signs MoU with UAL Biotech to advance sustainable agriculture in India

Avio Smart Market Stack signs MoU with UAL Biotech to advance sustainable agriculture in India

ASMS and UAL Biotech signed an MoU to advance sustainable agriculture in India. This partnership leverages ASMS's digital network, reaching 40 million farmers across 5,000 villages, with UAL Biotech's bio-solutions for improved productivity.

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