Petrochemical industry

Petrochemical industry link
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Petrochemical industry link; ()
	File:Petrochemical industry.png Petrochemicals are produced at refineries like this
Interests	Oil
	In 2018, the global market value of petrochemicals was 539 billion U.S. dollars, and is forecast to increase to 651.1 billion U.S. dollars by 2027.

industry

The petrochemical industry obtains chemical products by refining oil. Big chemical and Big Oil dominate the industry. The production of petrochemicals only occurs in a few number of places around the world, and has been impacted by COVID-19.^[2]

Locations

References

[1] ttps://www.statista.com/statistics/696921/petrochemical-market-value-worldwide/#:~:text=In%202018%2C%20the%20global%20market,billion%20U.S.%20dollars%20by%202027.

[2] ttps://www.mckinsey.com/industries/chemicals/our-insights/the-impact-of-covid-19-on-the-global-petrochemical-industry

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