Petrochemicals

Powering progress with versatile chemical innovations

What We Do

Petrochemicals industry plays a significant role in the global economy, offering raw materials for an extensive range of products including plastic, packaging, fertilizer, pharmaceuticals, and synthetic fibers. However, the petrochemicals industry is facing some challenges such as fluctuations in crude oil prices, sustainability concerns, stringent environmental rules, and changes towards bio-based and green chemicals. Irrespective of these challenges, the petrochemicals industry presents several opportunities for businesses that embrace technological progress, invest in R&D, and adopt sustainable practices to meet market demands.

Petrochemical businesses are under pressure to improve production efficiency and reduce environmental impact. Meanwhile, developing technologies such as carbon capture and storage (CCS), AI-driven process optimization, and bio-based options are reforming the competitive landscape.

OMR provides market insights that help petrochemical companies navigate these complications and capitalize on developing market opportunities.

How OMR Helps Petrochemicals

ØRegulatory Compliance - We offer the latest insights on emerging environmental regulations and sustainability policies to enable companies to remain compliant with international and regional regulations.

ØR&D Strategy and Innovation - We help petrochemical companies identify major investment areas to develop next-generation materials, bio-based options, and process innovations that increase efficiency and reduce emissions.

ØCompetitive Intelligence - Our research includes competitive strategies, new product launches, capacity expansion, and analysis of major market movements, allowing businesses to stay ahead in the competitive scenario.

ØDigital Transformation and Sustainability Initiatives - Our research helps petrochemical companies take advantage of digital solutions such as AI-operated process control, supply chain transparency, and carbon footprint management for transparency.

ØRecent Insights - We offer an analysis of the latest merger, acquisition, participation, and financial performance of key players in the petrochemical industry that helps businesses make strategic decisions.

OMR provides intelligence that helps petrochemical companies discover growth opportunities, reduce risks, and make data-operated decisions. With our expertise in the petrochemical value chain, we support our clients to achieve success in the fast-growing industry.

Segment We Support

Basic Petrochemicals

Basic petrochemicals are the foundation of the industry, including propylene, ethylene, benzene, xylene, and toluene. However, the segment faces unpredictability due to variations in crude oil prices and increasing demand for bio-based options. OMR offers insight into demand-supply dynamics, price trends, and investment opportunities in developing markets. We also provide insights on process innovations such as catalytic cracking and steam improvement to increase production efficiency.

Specialty Petrochemicals

Specialty petrochemicals include adhesives, additives, lubricants, and high-performance materials. Businesses working in this segment should focus on innovation and product discrimination to maintain competitive leads. OMR provides market insights on technological progress, regulatory requirements, and emerging end-use applications.

Polymers & Plastics

The polymers and plastics segment is a key revenue generator within the petrochemical industry, and supplies materials for construction, packaging, automotive, and consumer goods. Increasing environmental pressure and regulation on single-use plastics have prompted the industry to transition towards greener alternatives such as biodegradable and recyclable plastics. OMR offers insights on recycling technologies, market trends, and policy updates impacting the industry.

Sustainable Petrochemicals & Bio-Based Alternatives

The increasing focus on sustainability has led to bigger investments in bio-based petrochemicals and circular economy initiatives. OMR helps companies navigate this shift through research on regulatory landscapes, sustainable innovations, and investment opportunities. Our research also covers the future market outlook for green petrochemicals and their competitive positioning against traditional products.

Industrial Lubricants Market Size, Share & Trends Analysis Report by Base Oil Type (Mineral Oil and Bio-based Oil), by Product Type (Hydraulic Oil, Compressor Oil, Metalworking Fluid, Gear Oil, Turbine Oil, Marine Oil, Grease, and Others), and by End-Use Industry (Construction, Metal & Mining Production, Cement Production, Power Generation, Automotive (Vehicle Manufacturing), Chemical, Oil & Gas, Food Processing and Others), Forecast Period (2024-2031)
Published : Jun 2024

Industrial lubricants market is anticipated to grow at a significant CAGR of 14.3% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for lubricants in various industries such as automotive, industrial machinery, and aerospace to ensure the smooth operation and maintenance of machinery and equipment across different sectors globally. According to the World Metrics Report 2024, the revenue of automotive lubricants in Germany is projected to be approximately $1.8 billion in 2025. It is expected that in 2022, the value of bio-lubricants in the US reach about $2.4 billion. 

Automotive Lubricants Market Size, Share & Trends Analysis Report by Oil Type (Synthetic Lubricants, Semisynthetic Lubricants, Bio-Based Lubricants, and Conventional Lubricants) by Vehicle Type (Passenger Vehicles, Commercial Vehicles, and Two-Wheelers) and by Product Type (Engine Oil, Gear and Brake Oil, Transmission Fluids, Greases, and Coolant) Forecast Period (2024-2031)
Published : Oct 2024

Automotive lubricants market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). Automotive lubricant is a specialized fluid that reduces friction and wear between moving parts in an automobile's engine and other mechanical components. The growth of the market is attributed to the rising number of passenger vehicles, the expansion of the EV lubricant market, and the increasing need and awareness of vehicle maintenance and repair. Further, the market trends are moving toward the adoption of bio-based lubricants and a shift toward synthetic lubricants. 

Synthetic Fuel Market Size, Share & Trends Analysis Report by Raw Material (Coal, Natural Gas, and Biomass), by Type (Coal-to-Liquid (CTL), Biomass-to-Liquid (BTL), Gas-to-Liquid (GTL), Shale Oil, and Extra-Heavy Oil), and by Application (Transportation, Aviation, Power Generation, and Industrial) Forecast Period (2023-2030)
Published : Oct 2023

Synthetic fuel market is anticipated to grow at a CAGR of 22.8% during the forecast period (2023-2030). Synthetic fuels, also known as synfuels, are liquid or gaseous fuels made from hydrogen and carbon, or hydrocarbons. They are produced by capturing carbon emissions from industrial processes or the atmosphere and then combining the carbon with hydrogen from renewable sources such as water or biomass. Synthetic fuels can be used in the same way as fossil fuels, without any modifications to engines or infrastructure.

Fuel Storage Tank Market Size, Share & Trends Analysis Report by Material Type (Steel Tank, Fiberglass Tank, and Other), and by Application (Residential, Commercial, and Industrial) Forecast Period (2023-2030)
Published : Jul 2023

Fuel storage tank market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period. Growing demand for energy across the globe has created demand for fuel storage which in turn driving the growth of the global fuel storage tank market. As per October 2021 report of US Energy Information Administration (EIA), the global energy demand is expected to increase 47.0% in the next 30 years, driven by population and economic growth, particularly in developing Asian countries. 

Electrical & Electronic Plastics Market Size, Share & Trends Analysis Report by Material Type (PA 6, PA66 FR, Polybutylene terephthalate (PBT), and Polyethylene Terephthalate (PET)), and by Application (Automotive, Consumer Goods, Industrial, Medical, and Other) Forecast Period (2022-2030)
Published : Jul 2023

Electrical & electronic plastics market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period. The rising electrical & electronic application across the globe owing to the growing urbanization and digitalization is a key factor driving the growth of the global electrical & electronic plastics market. Plastic characteristics such as aesthetic & reduced weight have made it a suitable choice for usage in electrical & electronic products. 

Oil Shale Market Size, Share & Trends Analysis Report by Product (Shale Gasoline, Shale Petroleum, Shale Kerosene, and Other), by Application (Fuel, Electricity, Cement & Chemicals) Forecast Period (2022-2030)
Published : Jul 2023

Oil shale market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. Significant rise in the consumption of petrochemicals and its related industries is a key factor driving the growth of the oil shale market. In April 2022, Continental Resources Inc., Hess Corp. and Matador Resources Co. has planned to raise production from US shale basins, a potential harbinger of things to come as Big Oil. 

Global Crude Tall Oil Derivative Market Size, Share & Trends Analysis Report by Fraction (Tall Oil Pitch, Tall Oil Rosin, Distilled Tall Oil, and Tall Oil Fatty Acid), by End-User Industry (Automotive, Specialty Chemicals & Petrochemicals, Oil & Gas Mining, and Other) Forecast Period 2020-2026
Published : Jul 2024

Crude tall oil derivative market is projected to grow at a considerable CAGR of around 3% during the forecast period (2020-2026). The key aspects that contribute towards the growth of the crude tall oil derivative market include rise in consumption of tall oil, owing to its growing usage in several industries such as automotive, specialty chemicals & petrochemicals, and oil & gas mining, among others.