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Petrochemicals are substances manufactured from crude oil or natural gas. In the industrial economy, petrochemicals are quite important as the need for synthetic materials rises steadily; petrochemicals play a crucial role in the chemical sector. various goods that people use in day today life can be made using petrochemicals, including plastics, medicines, cosmetics, and furniture, appliances, and electronics, solar panels, and wind turbines. Hydrocarbons like butane, propane, and ethane, as well as other substances, are isolated from crude oil and natural gas liquids to create petrochemicals. The manufacture of petrochemicals requires naphtha, a mixture of volatile liquid hydrocarbons. More Info Please Visit:- https://reportsandinsights.com/sample-request/7136

Polymerupdate.com is an online portal provides market moving and pricing information related to polymers and petrochemical commodities

According to a new report published by Polaris Market Research the petrochemicals market is anticipated to reach over USD 1,203.2 billion by 2026.

Air Liquide signed a new long term contract with Maoming Petrochemical Co. (MPCC), a subsidiary of China Petroleum & Chemical Corp. (Sinopec Corp.), one of the largest integrated energy and chemical companies in China. Under the terms of the new agreement, Air Liquide will invest around 40 million euros in a new state of the art ASU (Air Separation Unit), with a total capacity of 850 tonnes of oxygen per day

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SABIC and Korean petrochemical company SK Global Chemical inaugurated a new industrial plant for the manufacture of high performance products using the latter's Nexlene Solution Technology.

SABIC and Korean petrochemical company SK Global Chemical inaugurated a new industrial plant for the manufacture of high performance products using the latter's Nexlene Solution Technology.

Read and subscribe news headlines and market analysis from polymer and petrochemical industry. Get the business critical reports for your own business

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Reports & Insights has freshly issued a new report titled "Water and Wastewater Treatment Market: Opportunity Analysis and Future Assessment 2022-2030" which speaks about the market size, market potential and comprehensive understanding of the statistics concerned with the development of the respective market. The market analysts estimate that the Water and Wastewater Treatment Market size will elevate from 306.5 Bn in 2022 to 526.7 Bn by the year 2030, at an estimated CAGR of 7.0%. The base year considered for the study is 2020, and the market size is projected from 2022 to 2030. The global water and wastewater treatment market is estimated to reach at a value of US$ 306.5 Bn by the end of 2020 and expected to reach at a value of US$ 526.7 Bn by 2028 with a significant CAGR of 7.0% Request a Sample Copy of this Report @: https://reportsandinsights.com/sample-request/1374 Water and Wastewater Treatment Introduction Water is indeed crucial for all lives existing in, on, and above the planet Earth. However, in the present day and age, degrading water quality has turned into a universal concern and issue. It can straightaway persuade the cost of providing water by utilities, lessen the volume of water accessible for usage, and affect human health obliquely. Thus, an appropriate Wastewater treatment system is required worldwide in order to manage water in good order. Majority of the water used by households, businesses, and industries must be treated correctly before it is released back to the environment. Wastewater, basically, is the water that has been in use. Everything that one flushes down their toilet or rinses down their drain is called as Wastewater. Drainage and rainwater, together with several different pollutants, go down the street gutters and at last, end up at a Wastewater treatment facility. In addition, wastewater can also come from industrial and agricultural sources. Similar to drinking water regulations, the government and regulatory author

According to the new market research report "Progressing Cavity Pump Market by Pumping Capacity (Upto 500 GPM, 501-1000 GPM, Above 1000 GPM), Power Rating (Upto 50 hp, 51-150 hp, Above 150 hp), End User (Oil & Gas, Water & Wastewater, Others), Product Type, Stage Type and Region - Forecast to 2027", published by MarketsandMarkets™, the Progressing Cavity Pump Market is expected to grow at a CAGR of 5.3% during the forecast period, from an estimated USD 2.2 billion in 2022 to USD 2.8 billion in 2027. Growing developments in investments in water & wastewater treatment, oil & gas, chemicals & petrochemicals, mining is fueling the growth for progressing cavity pumps. The new technology trends in conveying high viscosity fluids and semi-solids is creating numerous opportunities for progressing cavity pump manufacturers.

According to a new market research report "Progressing Cavity Pump Market by Power Rating (Up to 50 hp, 51-150 hp, Above 150 hp), End User (Oil & Gas (Application, Well Type), Water & Wastewater, Food & Beverage, Chemical & Petrochemical, and Others), Region - Global Trends and Forecast to 2023", published by MarketsandMarkets™, the global market is expected to grow from an estimated USD 3.02 Billion in 2018 to USD 4.08 Billion by 2023, at a CAGR of 6.24%, during the forecast period. The market is set to witness growth because of increasing investments in modernizing water & wastewater infrastructure, infrastructure development, and suitability for handling high-viscosity fluids in the oil & gas sector.

According to a new market research report "Scrubber System Market by Type (Wet (Design), Dry (Sorbent Mixing)), End-User (Marine, Oil & Gas, Petrochemicals & Chemicals, Pharmaceuticals, Glass, Pulp & Paper, Food & Agricultural, Wastewater Treatment), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global market is projected to reach USD 1.86 Billion by 2023. The scrubber system market is expected to grow from an estimated USD 1.02 Billion in 2018 to USD 1.86 Billion by 2023, registering a CAGR of 12.82% during the forecast period. This growth is primarily due to the growing stringent environmental regulations to reduce atmospheric emissions.

Distributed Control System Market is projected to reach USD 26.7 billion in 2028 from USD 19.9 billion in 2023 at a CAGR of 6.1% according to a new report by MarketsandMarkets™. A distributed control system (DCS) is an industrial automation solution widely utilized in process industries. Its main function is to enable plant control through a network of supervisory and control elements distributed throughout the facility. DCS is commonly employed in industries like food & beverages, pharmaceuticals, and petrochemicals, where it efficiently manages manufacturing processes. These industries often involve continuous or complex batch-oriented production methods, and DCS effectively oversees and optimizes these processes for enhanced efficiency and productivity.

Centrifugal Pump Market is projected to reach USD 51.5 billion in 2028 from USD 39.7 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. The growing power demand requires power plants to expand their generation capacity, resulting in an increased need for centrifugal pumps in these facilities. Additionally, centrifugal pumps are extensively utilized in wastewater treatment, as well as the chemicals and petrochemicals sectors.

According to a new market research report, the global variable frequency drive marketis projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives are increasingly being used in the industrial and infrastructure sectors. Major industries that use variable frequency drives are cement, chemical, petrochemical, mining, oil & gas, pulp & paper, and water & wastewater treatment. Variable frequency drives find applications in conveyors, fans, utility pumps, process pumps, fans, blowers, air compressors, process compressors, coolers, cooling tower fans, grinders, crushers, and chippers.These factor would drive the demand for variable frequency drive.

This can be attributed to the growth in power generation, increasing investments in the petrochemical and chemical infrastructure, and the rise in demand for automation and predictive maintenance from the manufacturing industries.

Scrubber System Market is projected to grow from USD 5.0 billion in 2022 to USD 6.7 billion by 2027, at a CAGR of 6.1% according to a new report by MarketsandMarkets™. Rising concerns regarding emissions and the formulation of various environmental protection laws and mandates to reduce the same on a global level have increased the need to undertake measures on air pollution control, which is likely to increase the usage of scrubbers in sectors the marine, oil & gas, metal & mining, power generation, chemical & petrochemical, food, beverage, & agriculture, glass, pharmaceutical, water & wastewater treatment industries.

According to the new market research reoport, Variable Frequency Drive Market is expected to grow at a CAGR of 4.8% during the forecast period, from an estimated USD 21.2 billion in 2022 to USD 26.8 billion in 2027. Variable frequency drives are increasingly being used in the industrial and infrastructure sectors. Major industries that use variable frequency drives are cement, chemical, petrochemical, mining, oil & gas, pulp & paper, and water & wastewater treatment.

Progressing Cavity Pump Market size to grow from USD 2.2 Billion in 2022 to USD 2.8 Billion by 2027, at a CAGR of 5.3% during the forecast period. Growing developments in investments in water & wastewater treatment, oil & gas, chemicals & petrochemicals, mining is fueling the growth for progressing cavity pumps. The new technology trends in conveying high viscosity fluids and semi-solids is creating numerous opportunities for progressing cavity pump manufacturers.

According to the new market research report "Industrial Burner Market by Type (Regenerative, High Thermal, Radiant, Direct-Fired), Fuel Type (Oil, Gas, Dual, Solid), End Use (F&B, Petrochemical, Power, Chemical, Metals & Mining), Operating Temperature, Automation, Region - Global Forecast to 2027", is expected to grow at a CAGR of 6.1% during the forecast period, from an estimated USD 5.9 billion in 2022 to USD 7.9 billion in 2027. Increasing power generation worldwide coupled with the surging adoption of dual-fuel industrial burners to lower the imprint of depleting fossil fuels is fueling demand for industrial burners. The increasing use of biofuels, hazardous waste, and hydrogen-based industrial burners creates numerous opportunities for industrial burner manufacturers.

According to a new market research report, the global progressing cavity pump market is projected to reach USD 2.8 billion by 2027 from an estimated USD 2.2 billion in 2022, at a CAGR of 5.3% during the forecast period. The rising sanitation services and progressing towards global sustainability goals is increasing the investments in the water & wastewater treatment plants in developing countries. And, also increase in the exploration activities in the oil & gas industry, demand for petrochemicals products, and precision dosing of additives in food and beverage industries are the key factors driving the market growth.

According to the new market research report "Variable Frequency Drive Market by Type (AC, DC, Servo), Application (Pumps, Fans, Compressors, Conveyors), End User (Industrial, Infrastructure, Oil & Gas, Power), Power Rating (Micro, Low, Medium, High), Voltage and Region - Global Forecast to 2027″, is expected to grow at a CAGR of 4.8% during the forecast period, from an estimated USD 21.2 billion in 2022 to USD 26.8 billion in 2027. Variable frequency drives are increasingly being used in the industrial and infrastructure sectors. Major industries that use variable frequency drives are cement, chemical, petrochemical, mining, oil & gas, pulp & paper, and water & wastewater treatment. Variable frequency drives find applications in conveyors, fans, utility pumps, process pumps, fans, blowers, air compressors, process compressors, coolers, cooling tower fans, grinders, crushers, and chippers.These factor would drive the demand for variable frequency drive.