Global Petrochemicals Market | PMI

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Source: Global Petrochemicals Market | PMI

The global petrochemicals market size was at USD 441.0 billion in 2019 and is expected to expand a CAGR of 5.0% over forecast period. Petrochemicals are chemical by-product of oil & gas. Petrochemicals is a crucial driver in industrial sector manipulating almost every sphere of life. They are prepared either from steam cracking of paraffin present in natural gas or from naphtha fraction of crude oil.

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