Market & applications
The current global petrochemicals market’s size is expected to grow. The market is driven by increasing product applications in major end-use industries. Ethylene dominates the market in terms of value and volume, owing to its demand as a feedstock in the aforementioned end-use industries.
Petrochemicals are chemical compounds derived from feedstocks (crude oil, natural gas and gasoline). It is the basic raw material to produce olefins such as ethylene, propylene, and aromatics. Many industrial sectors (chemical, construction, automotive, agriculture, electrical and electronics) contribute to the growth of this industry.
The popularity of bio-based products, along with a stringent regulatory environment due to environmental concerns is also anticipated to hamper market growth significantly.
The Asia Pacific area is anticipated to drive two-thirds of global petrochemical demand owing to robust economic growth and increasing domestic consumption. China is the largest consumer of petrochemical products because of the presence of large production facilities and favorable export-oriented government policies.
In this light, Petrochemicals is an important market for D’HONDT THERMAL SOLUTIONS. We can therefore design and supply our air-cooled heat exchangers to produce:
- HDPE / LDPE