Grand View Research Incorporation says in a report that the petrochemicals market in the world will reach about 958 billion US dollars by 2025, and the demand will be pushed up because of the exploration of increasing shale gas and plenty of cheap crude oil in Middle East & Africa. The demand from construction, textile, electronics, automotive, pharmaceutical and other industries for more petrochemical products is going to promote consumption. The industry growth will be promoted by the support and favorable policies of governments in Asia Pacific countries. The demand in the industry will be probably driven by the development of infrastructure and transportation industry in BRICS nation, and the low feed stock prices together with the enhanced production capability will change the situation of supply demand in a positive manner. The technology innovations like fluid catalytic cracking and residuum cracking will propel the application of raw materials based on biology, and by this way the industry growth will be hindered due to the market share seized by the commercialization of sources that can be renewed like corn and lignin. In 2015, the dominant product category was ethylene and occupied more than 25% of entire revenues, and the demand for it will continue increasing because of more and more use of polyethylene in the packaging industry. What’s more, the report indicates: • Based on the estimation, the petrochemicals market around the world reached at over 512.8 million tons in 2015 and will reach 861.9 million tons by 2025, and methanol, widely used as a direct fuel for auto vehicle engines because of better properties in volatile, colorless, and flammable, will grow at a CAGR of 8.3% from 2016 to 2025. • Many big companies such as BASF SE, Chevron Corp., CNPC, Sinopec, DuPont, ExxonMobil Corp., INEOS Group Ltd., LyondellBasell Industries Inc., Royal Dutch Shell PLC, SABIC and Dow Chemical Company also have business in the industry. • BASF has released its plans for large scale methane to propylene factory in America with the annual output of 475,000 metric tons. • Middle East will develop as the fastest growing region with an estimated CAGR of 9.9% in revenue from 2016 to 2025. Increasing construction demand in countries like UAE and Qatar is expected to increase the industry growth.