Graph and download economic data for Producer Price Index by Industry: Petrochemical Manufacturing: Primary Products (PCU325110325110P) from Dec 2003 to Jun 2025 about primary, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Explore the complex dynamics of petrochemical pricing influenced by crude oil prices, global demand and supply, geopolitical events, technological advancements, and governmental policies. Understand how these factors shape the industry's challenges and opportunities.

United States - Producer Price Index by Industry: Petrochemical Manufacturing: Primary Products was 148.66900 Index Dec 2003=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Petrochemical Manufacturing: Primary Products reached a record high of 316.90000 in July of 2008 and a record low of 74.40000 in May of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Petrochemical Manufacturing: Primary Products - last updated from the United States Federal Reserve on July of 2025.

In April 2025, the average petrochemical export price amounted to $428 per ton, declining by -4% against the previous month.

Iran Export Price Index: Petrochemical Products data was reported at 1,063.600 Apr2004-Mar2005=100 in Apr 2014. This records an increase from the previous number of 982.100 Apr2004-Mar2005=100 for Mar 2014. Iran Export Price Index: Petrochemical Products data is updated monthly, averaging 241.600 Apr2004-Mar2005=100 from Apr 2009 (Median) to Apr 2014, with 61 observations. The data reached an all-time high of 1,161.500 Apr2004-Mar2005=100 in Feb 2013 and a record low of 113.500 Apr2004-Mar2005=100 in Apr 2009. Iran Export Price Index: Petrochemical Products data remains active status in CEIC and is reported by Central Bank of the Islamic Republic of Iran. The data is categorized under Global Database’s Iran – Table IR.I027: Export Price Index: April 04-March 05=100.

Petrochemicals are essential to producing various items, keeping the need for products relatively stable. Revenue is typically in line with commodity prices and is very sensitive to swings in the price of critical inputs, primarily crude oil and natural gas. Revenue fell drastically amid the pandemic as oil and gas prices plummeted while the country went into lockdown. Even so, the need for petrochemicals was slightly buffed as residential construction thrived following low interest rates. After lockdowns ended, oil and gas prices skyrocketed, which aided growth as revenue nearly doubled. While price hikes caused petrochemicals to become more expensive, manufacturers were able to pass these costs down to customers, bolstering profitability. For the remainder of the period, revenue continued to swing alongside oil and gas prices as they slowly stabilized. Overall, revenue is set to swell at a CAGR of 6.8% to $82.0 billion through 2024, including a 1.1% uptick in 2024 alone. Exports continue to be critical for petrochemical manufacturers. China and India have drastically expanded their need for domestic products to bolster their markets, causing exports to surge despite an appreciation of the US dollar, which made US petrochemicals more expensive to foreign buyers. Canada also remained a significant export hub because of its proximity to the US. Oil and natural gas prices are set to dip and regress after intense growth spurts, which will cause revenue to dip. This is because supply chains are stabilizing alongside competitive global markets. Manufacturers will still exhibit steady revenue flow as the need for petrochemicals from downstream markets remains intact. The emergence of alternative feedstocks, like biodegradable materials, poses a threat because of their environmental friendliness. Nonetheless, their higher cost has limited their ability to make a substantial impact on reducing the reliance on petrochemicals.

During the pandemic crisis caused by the infectious disease COVID-19, the prices of some petrochemicals have experienced considerable variations in Europe during April 2002. As of April 22, 2020, the price of styrene in Europe dropped by ** U.S. dollars per metric ton compared to the previous week, thus sitting at *** U.S. dollars per metric ton on that day.

This table contains 32 series, with data for years 1971 - 1989 (not all combinations necessarily have data for all years), and was last released on 2000-02-18. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Chemical and petrochemical plant price indexes (32 items: Total chemical and petrochemical plant indexes; Total fabricated equipment; Fabricated equipment; carbon steel; Total machinery and equipment ...).

The average price of ethylene worldwide amounted to some *** U.S. dollars per metric ton in 2023. The global production capacity of ethylene reached approximately ****** million tons in 2022. Petrochemical products Ethylene is the most commonly used petrochemical globally. A major part of its production is used to produce polyethylene, a common plastic material that accounts for roughly ** percent of global thermoplastic production. Other ethylene-derived products include ethylene glycol, ethylene dichloride, and styrene. Apart from ethylene, other widely produced petrochemicals are propylene, methanol, and paraxylene. Together they account for over ** percent of the global upstream petrochemical capacity. Petrochemical prices Petrochemical prices are highly dependent on the price of oil and related products. Feedstock costs represent the largest share of petrochemical production costs, ahead of fixed costs, power, and transportation. As with oil prices, the price of petrochemical products fell sharply during 2020, following the outbreak of the COVID-19 pandemic. That year, petrochemicals such as ethylene, propylene, or benzene registered the lowest price in recent years, although they picked up shortly after.

At the end of fiscal year 2024, the Wholesale Price Index of petrochemical intermediates across India was approximately 117. This meant an increase in the WPI of about 25 percent from the base year of 2012.

In 2024, the U.S. petrochemical market decreased by -6.2% to $82B, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $103.7B. From 2023 to 2024, the growth of the market remained at a lower figure.

During the pandemic crisis caused by the infectious disease COVID-19, the prices of some petrochemicals have experienced considerable variations in Asia during April 2020. As of April 22, 2020, the price of styrene in Asia dropped by 67.50 U.S. dollars per metric ton compared to the previous week, thus sitting at 550 U.S. dollars per metric ton on that day.

The market value of petrochemicals worldwide was ***** billion U.S. dollars in 2022, representing a five percent increase compared to the previous year. This is forecast to increase to over ************ U.S. dollars by 2030.

During the pandemic crisis caused by the infectious disease COVID-19, the prices of some petrochemicals have experienced considerable variations in North and South America during April 2020. In these regions, the price of benzene decreased by 26 U.S. cents per gallon from the week prior to April 22, 2020, thus reaching 0.85 U.S. dollars per gallon.

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Petroleum Liquid Feedstock Market Size 2024-2028

The petroleum liquid feedstock market size is forecast to increase by USD 77.22 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth, driven by the rapid expansion of the transportation sector. This sector's increasing demand for fuel is leading to a wave in the consumption of petroleum liquid feedstocks. Another trend influencing the market is the adoption of blockchain technology in the oil and gas refining industry. Blockchain's transparency and security features are expected to streamline operations, reduce costs, and enhance efficiency in the refining process. Hydrocarbons, such as naphthalene, xylene, benzene, toluene, and heavy naphtha, are essential hydrocarbon feedstocks used in the production of industrial solvents, fuels, and other oil-based commodities. However, the market's growth is not without challenges. The volatility in global crude oil prices continues to pose a significant threat to market stability, making it essential for market players to adopt strategies that mitigate price risks and ensure long-term profitability.

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The petrochemical industry relies heavily on petroleum liquid feedstocks as the primary raw material for producing a wide range of chemicals, polymers, and other petrochemical products. The automotive fleet and the energy sector are significant consumers of these products, with motor vehicles utilizing petrochemicals for fuel and in the production of plastics and textiles. Petrochemical plants and refineries are the primary sources of these feedstocks, which include oil naphtha, coal naphtha, and wood naphtha.

The petrochemical industry's demand for these feedstocks is expected to grow due to increasing demand from the automotive and energy sectors. Crude material, such as unrefined petroleum, is the primary source of these feedstocks. Oil organizations play a crucial role in the production and distribution of these feedstocks to meet the growing demand from various industries. With the rise of electric vehicles, the demand for traditional fuels may decrease, but the demand for petrochemical products derived from these feedstocks is expected to remain strong due to their wide range of applications.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Type

  Naphtha
  Gasoil


Application

  Industrial solvents
  Cleaning fluids
  Adulterant to petrol
  Gasoline
  Others


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    India


  South America



  Middle East and Africa

By Type Insights

The naphtha segment is estimated to witness significant growth during the forecast period. The petrochemical industry relies heavily on petroleum liquid feedstock derived from crude oil for the production of various chemicals, polymers, and petrochemical products. In the refining process, crude oil undergoes primary distillation, resulting in the production of naphtha. This fractional distillation separates hydrocarbons based on their boiling points, yielding light and heavy naphtha. Light naphtha is primarily used as a feedstock for the synthesis of ethylene, which is further processed to produce synthetic rubber and other essential polymers. Conversely, heavy naphtha serves as a feedstock for the production of high-octane gasoline and aromatics, such as benzene, xylene, and toluene, essential for the automotive fleet and energy sector.

Moreover, naphtha is also used as marine fuel, bunkers, and motor vehicle fuel. With the increasing focus on cleaner energy sources and climate change mitigation, the petrochemical industry is exploring alternative feedstocks, such as biofuels, renewable feedstocks, biomass, waste oils, and even carbon fiber. Simultaneously, the exploration of unconventional crude oil deposits, including shale gas and offshore drilling, continues to expand refinery capacity. Data analytics plays a crucial role in optimizing refinery operations and enhancing the overall efficiency of the petrochemical sector. The chemical sector also utilizes naphtha, coal naphtha, and other hydrocarbons as feedstocks for steam crackers to produce essential chemicals, such as octane, propylene, and butadiene.

The integration of LNG terminals and gas imports further expands the availability of feedstocks, ensuring a steady supply to meet the growing demand for petrochemical products in various industries, including textiles, plastics, and the energy sector.

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The Naphtha segment accounted for USD 220.99 billion in 2018 and showed a gradual increase during the forecast

China Market Price: Monthly Avg: Inorganic Chemical Material: Iron Ore: 62% data was reported at 790.000 RMB/Ton in Mar 2025. This records a decrease from the previous number of 820.000 RMB/Ton for Feb 2025. China Market Price: Monthly Avg: Inorganic Chemical Material: Iron Ore: 62% data is updated monthly, averaging 883.500 RMB/Ton from Jun 2020 (Median) to Mar 2025, with 58 observations. The data reached an all-time high of 1,470.000 RMB/Ton in Jun 2021 and a record low of 640.000 RMB/Ton in Nov 2021. China Market Price: Monthly Avg: Inorganic Chemical Material: Iron Ore: 62% data remains active status in CEIC and is reported by China National Chemical Economic and Technical Development Centre. The data is categorized under China Premium Database’s Price – Table CN.PC: China Petroleum & Chemical Industry Association: Petrochemical Price: Inorganic Chemical Material.

The petrochemical market size was valued at USD 620.6 billion in 2024 and is projected to reach approximately USD 1.143 trillion by the end of 2037, rising at a CAGR of 5.2% during the forecast period, i.e., 2025–2037. Asia Pacific industry is poised to hold a 47% share by the end of 2037, driven by industrialization, urbanization, rising consumer demand, supportive policies, and investments in sustainable technologies.

In 2022, the cost of one ton of vulcanized rubber exceeded ***** thousand Russian rubles, which was the highest price among the selected petrochemical raw materials and final products in Russia. Unreinforced plastic films ranked second, at nearly *** thousand Russian rubles per ton. For crude oil, the price was set at approximately **** thousand Russian rubles per ton.