Why petrochemicals are so important? What Are Their Types?
Petrochemicals are obtained from
petroleum through refining process. Some other chemical compounds prepared from
petroleum can also be obtained from other fossil fuels, including coal or
natural gas and renewable sources such as maize, palm fruit, and sugar cane.
Highly available petrochemicals in the market are olefins (ethylene and
propylene) and aromatics (benzene, toluene, and xylene isomers). Olefins and
aromatics are the building-blocks for a wide range of materials including
solvents, detergents, and adhesives. Olefins are used as a base for polymers
and oligomers, which are used in plastics, resins, fibers, elastomers,
lubricants, and gels.
 |
| petrochemicals |
The petrochemicals market has witnessed a significant growth owing to factors such as wider application of petrochemicals in packaging, automotive, construction, electrical & electronics, and helthcare industries. Many polymers are used in the manufacturing of different types of plastic components, which finds applicationsin the automotive industries. This factor is driving the market for petrochemicals. Furthermore, increasing use of polymeric resins in the manufacturing of automotive components is expected to fuel the demand for polymers, which in turn will influence the market growth of petrochemicals. However, fluctuating prices of raw materials can be a challenge to the growth of this market. On the contrary, steady growth in the automotive, chemical, and construction industry will provide the opportunity for the market players to invest in the petrochemicals market.
Types
of petrochemicals
Polymer
Paints And Coatings
Solvent
Rubber
Adhesives
Surfactants
Comments
Post a Comment