The petroleum liquid feedstock market comprises a variety of petroleum fractions that serve as raw materials for the petrochemical industry. Some of the major petroleum liquid feedstocks include naphtha, gas-oil, and condensates that are produced during the refining of crude oil.

These feedstocks provide important hydrocarbon building blocks for the production of ethylene, propylene, BTX aromatics, and other basic petrochemicals. Manufacturers prefer petroleum feedstock over other sources owing to their low cost and ease of availability. With growing consumption of plastics, synthetic fibers, and other petrochemical products, demand for liquid petroleum feedstocks is increasing substantially.

The Global petroleum liquid feedstock market is estimated to be valued at USD 327.09 Billion in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Petroleum Liquid Feedstock market are ExxonMobil, Royal Dutch Shell, BASF, Reliance Industries, and Saudi Aramco. These companies account for a major share of global petroleum liquid feedstock production and supply.

Growing demand for petrochemicals and plastics from industries such as packaging, construction, automotive is a key factor driving consumption of Petroleum Liquid Feedstock Market Demand. Asia Pacific region especially China and India have emerged as high growth markets for petrochemicals due to rapid industrialization which in turn has boosted feedstock demand.

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