The economic downturn in the past few years has drastically affected petrochemical demand. The increasing fuel prices and reduced petrochemical production have made it necessary to look for alternative fuel sources to satisfy the increasing energy requirements. Owing to these factors the feedstock market is set to witness double digit growth rate in the coming future. Petrochemical industries are finding ways to optimize production and reduce cost. Use of an alternative feedstock is the key criterion for achieving low cost production as feedstock prices have become highly volatile. Green feedstock has proved highly beneficial in reducing the production cost.
Feedstock Market Segmentation
Following are some product segments of the feedstock market:
- Palm Oil
- Coconut Oil
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The major regions analyzed under this research study are North America, Asia-Pacific, Europe, and the Rest of the World.
The major players in the feedstock market are BASF, Dow Chemical, Exxon Mobil Chemical, LyondellBasell Industries, INEOS, Saudi Basic Industries Corporation, Formosa Plastics Corporation Sumitomo, DuPont, Chevron Phillips, and others.
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