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Renewable Energy Potential: Mapping India's Transition to a Green Future

Posted by Azure Power on April 25, 2024 at 2:44am 0 Comments



India stands at a crucial juncture in its quest for sustainable development, marked by a significant shift towards renewable energy sources. With the pressing need to mitigate climate change and reduce dependence on fossil fuels, the country is increasingly turning to solar energy and other renewables to power its future. This transition is not merely about embracing…

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Journey to Internal Peace Exploring A Course in Miracles

Posted by Khalid Shaikh on April 25, 2024 at 2:40am 0 Comments

At their key, "A Class in Miracles" (ACIM) is not only a guide but a spiritual curriculum, designed to cause its readers on a trip of self-discovery and inner transformation. It difficulties the elementary assumptions of the confidence, offering a revolutionary reinterpretation of standard Religious teachings blended with Eastern philosophy and psychology. The language of ACIM could be dense and cryptic at times, however its main concept is among profound ease: Enjoy is the solution to all… Continue

Delivery Economies: Cargo Expenses from China to USA

Posted by seomypassion12 on April 25, 2024 at 2:36am 0 Comments

In the powerful landscape of worldwide commerce, the seamless action of goods from one corner of the world to another is vital. As businesses explore international markets, transport from China to the USA has become a major point. This information provides a thorough overview of crucial factors such as air cargo, transport times, freight fees, and the position of cargo forwarders in facilitating that critical trade route.



Air Cargo from China to USA: Air freight plays a crucial… Continue

Petrochemicals Market Top Manufacturers, Size, Business Scenario, Share, Growth, Insights, Industry Analysis

Transparency Market Research has released a new market report titled “Petrochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to the report, the global petrochemicals market was valued at US$ 558.61 Bn in 2013 and is anticipated to reach US$ 885.07 Bn by 2020, expanding at a CAGR of 6.8% from 2014 to 2020.

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The global market for petrochemicals is highly fragmented in nature. It is dominated by top multinational corporations that operate across the value chain. Major players in the petrochemicals industry include BASF SE, ExxonMobil, The Dow Chemical Company, Shell Chemical Company, SABIC, Sinopec Limited, LyondellBasell Industries, Total S.A., Sumitomo Chemical Co. Ltd., Chevron Phillips Chemical Company LLC and E. I. du Pont de Nemours and Company.

Ethylene was the leading petrochemical product, accounting for over 25% of the global petrochemicals market in 2013. Ethylene was followed by propylene, which is primarily used in the manufacture of polypropylene and propylene oxide. Methanol is projected to be the fastest growing segment from 2014 to 2020. Growth of methanol is directly related to its increasing usage in gasoline blending and methanol to olefins (MTO) processes. Other petrochemicals such as butadiene, benzene, xylene, toluene, vinyls and styrene accounted for a significant portion of the global petrochemicals market share in 2013.

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Petrochemicals Market: Key Highlights

New materials are often used as building blocks for product development and technology breakthroughs in the electrical & electronics industry. Modern electrical & electronics industry is highly dependent on petrochemical products for the manufacture of electrical and electronic goods. Everyday appliances such as CD players, telephones, radios, computers, and televisions are manufactured on a large scale with the assistance of the petrochemicals industry.
Petrochemicals have become the most significant element in our daily lives and have entirely revolutionized the electronics sector by making some of the most important scientific inventions. The petrochemicals industry has proved to be extremely beneficial for the electronics industry.
Automobile components made from petrochemicals products offer exceptional benefits such as lightweight that lead to less fuel consumption. This, in turn, helps in pollution control. Ease in processing helps in cutting down assembling time. The usage of petrochemicals enables to enhance the safety aspects of automobile.
Properties such as flexibility in designing, lightweight, and durability have popularized the use of petrochemical composites in automobiles. Parts of the body, tires, interiors, dashboard, etc. are made out of petrochemical intermediates. The automobile industry has been transformed with the increase in usage of petrochemical-based composite materials.
Asia Pacific to Lead Petrochemicals Market

In terms of volume, Asia Pacific constituted a prominent share of the global petrochemicals market in 2019
The petrochemicals market in Asia Pacific is estimated to continue to expand at a rapid pace during the forecast period. The region held more than 50% share of the global petrochemicals market in 2019. Demand for petrochemical is high in Asia Pacific, particularly in China, owing to the increase in consumption of petrochemical products in the manufacture of various end-use products in applications such as automotive, building & construction, consumer & industrial goods, electrical & electronics, food & beverages, and healthcare in the region.
China is a prominent consumer of petrochemicals in Asia Pacific. Expansion of the building & construction industry is a major factor propelling the petrochemicals market in the country. China is anticipated to remain highly lucrative country of the petrochemicals market during the forecast period, owing to the increase in production of electrical & electronics and plastic based products.
China was the leading consumer of petrochemicals, accounting for over 25% of the global market share in 2013. Initiatives taken by the government of China to boost the petrochemicals market coupled with growth in end-use industries in the region is likely to drive the market during the forecast period.

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Rapid development of shale gas as an alternative feedstock for petrochemicals is reshaping the chemicals industry in North America. Europe emerged as the third-largest petrochemicals market in 2013. The petrochemicals market in the region is estimated to grow at a sluggish rate during the forecast period. High demand for petrochemicals in the Middle East & Africa is primarily ascribed to rapid capacity additions in the region.

Look On Latest Updated Report By TMR: https://www.globenewswire.com/news-release/2022/04/05/2416875/0/en/...

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