Precision Business Insights has published a report on the global hydrocarbons market, estimating its value at USD 75,065 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/hydrocarbons-market
The hydrocarbons market includes global production, processing, and distribution of organic molecules made up mostly of hydrogen and carbon atoms. These include aliphatic and aromatic hydrocarbons found in crude oil, natural gas, and coal, which serve as the building blocks for fuels like gasoline, diesel, jet fuel, and propane, as well as petrochemical derivatives used in plastics, fertilizers, and synthetic materials.
Drivers:
- Rising global energy consumption, especially in emerging economies, fuels demand for hydrocarbon-based fuels and feedstocks.
- Increased use of hydrocarbons in producing plastics, solvents, and synthetic materials for automotive, construction, and electronics.
The global hydrocarbons market segmentation:
1) By Type: Aliphatic and Aromatic
2) By Application: Pharmaceuticals, Energy, Industrial, Mobility and Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the hydrocarbons market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the hydrocarbons market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like TotalEnergy SE, Exxon Mobil Corporation, Sasol Chemicals LLC, LyondellBasell Industries N.V., Reliance Industries Ltd., DuPont de Nemours Inc., Chevron Corporation, China Petroleum and Chemical Corporation, BP Plc, Shell Plc
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