Crude-to-chemicals Market By Applications, Types, New Technology - Opportunity Analysis And Forecast: 2023 – 2030
Market Synopsis According to the MRFR analysis, the global crude-to-chemicals market size is projected to reach USD 800 billion by 2030 at a CAGR of 7.34%. Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/10862 Crude-to-chemicals is a technology which allows the direct conversion of crude oil to high-value chemical products instead of traditional transportation fuels. It enables the production of chemicals exceeding 70% to 80% of the barrel producing chemical feedstock as opposed to ~10% in a non-integrated refinery complex. A majority of crude-to-chemicals plants that have been planned or have started operations are based in China or the Middle East. The choices of technology for the crue-to-chemical plant depends on the type of feedstock available for processing and end-products being produced in refineries. Crude-to-chemical plants are primarily focused on increasing the yield of light olefins or aromatics, such as benzene, toluene, and x...