What is the current Pyrolysis Gas Market size?

The Pyrolysis Gas Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029) Read More

Who are the key players in Pyrolysis Gas Market?

ONGC Petro additions Limited, Shell, Haldia Petrochemicals Limited, SABIC and Exxon Mobil Corporation are the major companies operating in the Pyrolysis Gas Market. Read More

Which is the fastest growing region in Pyrolysis Gas Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Pyrolysis Gas Market?

In 2024, the Asia Pacific accounts for the largest market share in Pyrolysis Gas Market. Read More

What years does this Pyrolysis Gas Market cover?

The report covers the Pyrolysis Gas Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pyrolysis Gas Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Pyrolysis Gas Market Trends

Statistics for the 2023 & 2024 Pyrolysis Gas market trends, created by Mordor Intelligence™ Industry Reports. Pyrolysis Gas trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Pyrolysis Gas Industry

This section covers the major market trends shaping the Pyrolysis Gas Market according to our research experts:

Growing Demand of Pyrolysis Gas from Benzene Processing

Pyrolysis Gasoline, a naphtha-range product with high aromatics content, is a by-product of ethylene production from ethane cracking.
Pyrolysis gas containing a significant amount of carbon dioxide, along with methane, may be used as a fuel for industrial combustion.
Pyrolysis gasoline can be blended with other hydrocarbons as a gasoline additive, or distilled in BTX process to separate it into its components, such as benzene.
Increasing the number of petrochemical plants in the world is anticipated to supplement the growth of the benzene processing segment in coming years.
Hence, owing to the above-mentioned factors, the application of pyrolysis gas from benzene processing is likely to dominate during the forecast period.

Understand The Key Trends Shaping This Market

Download PDF

Asia Pacific Region to Dominate the Market

Asia-Pacific region is expected to dominate the market for pyrolysis gas during the forecast period. The rising demand of pyrolysis gas from benzene processing and growing application as fuel in developing regions like China and India is expected to drive the demand for pyrolysis gas in this region.
The largest producers of pyrolysis gas are located in Asia Pacific region. Some of the leading companies in the production of pyrolysis gas are ONGC Petro additions Limited, Shell, SABIC, Exxon Mobil Corporation and Haldia Petrochemicals Limited among others.
China, the world's top crude oil importer, boosted its annual crude oil refining capacity by 3.4% in 2019 to 860 million tonnes, equal to 17.2 million barrels per day according to Chemical Industry Federation (CPCIF).
India's oil refining capacity amounted to 249 MMTPA (Million Metric Tonne Per Annum) in 2018-19 ranking India as the fourth largest in the world with some of the largest refineries located in the country.
Owing to the above-mentioned factors, the market for pyrolysis gas in the Asia-Pacific region is projected to grow significantly during the study period.