The global hydrocarbon market size was significantly robust in 2021 and is expected to register a high CAGR over the forecast period. Increasing use of hydrocarbon in the pharmaceutical industry, such as in aerosols and lotions due to its low reactivity and toxicity and adoption in industries pertaining to plastic production, additive manufacturing, and transportation parts are major factors driving market revenue growth.
Hydrocarbons are organic chemical compounds, which are primarily constituted of hydrogen and carbon atoms and are often regarded as building blocks of life on Earth. These substances are mainly found in emissions of organic matter and are extracted from fossil fuels found inside the Earth. Aliphatic type of these substances are straight chain compounds, which can be saturated or unsaturated, while aromatic versions are cyclical structure compounds with a faint aroma. In addition, main use of hydrocarbons is for fuel and mobility and power generation, while its variations include gasoline, jet fuel, and petroleum naphtha. Other applications of this material include, industrial chemicals such as BTX, which is made from benzene, toluene, and xylene isomers. Moreover, they have great potential in the pharmaceutical and health care sector in production of aerosols and liquid suspensions, in which the drug dosage can be diluted and delivered. Similarly, certain gaseous versions can also be used as sedatives in anaesthesiology. Hence, the substance has varied uses in almost all sectors of industries.
Top Companies Operating in the Global Hydrocarbon Market:
- TotalEnergy SE (France)
- Exxon Mobil Corporation (U.S.)
- Sasol Chemicals LLC. (U.S.)
- LyondellBasell Industries N.V. (Netherlands)
- Reliance Industries Ltd. (India)
- DuPont de Nemours Inc. (U.S.)
- Chevron Corporation (U.S.)
- China Petroleum and Chemical Corporation (China)
- BP Plc (UK)
- Shell Plc (UK)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
With the growing pharmaceutical industry, hydrocarbon is extensively used for manufacturing aerosols, which are drug dosages dispersed in a liquid medium. Similarly, it is also used in topical creams and lotions, due to its attribute of low toxicity and lesser reactive nature. In addition, medical professionals used halogenated hydrocarbons, such as chloral hydrate and halothane, for anesthesia via inhalers and sedatives. Moreover, alkane branch of hydrocarbons is preferred for cough medication while unsaturated versions of product are preferred for cholesterol issues. As a result, increasing number of medical conditions and need for healthcare are driving market revenue growth.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Hydrocarbon market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Hydrocarbon market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Hydrocarbon market key players
3.2 Global Hydrocarbon size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Hydrocarbon market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Hydrocarbon Market Segmentation
Type (Revenue, USD Million; 2019-2030)
- Aliphatic
- Aromatic
Application/ End Use Outlook (Revenue, USD Million; 2019-2030)
- Pharmaceutical
- Energy
- Industrial
- Mobility
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