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The Booming Top 15 Petrochemicals Market is driven by rising energy demands

The top 15 petrochemicals market includes key chemicals such as ethylene, propylene, benzene, xylenes, styrene, MEG, PTA, PET, PX, PC, etc. which find widespread applications in industries such as packaging, construction, automotive, healthcare and more. Petrochemicals are basic raw materials used to produce a wide range of commodities including plastics, fibers, synthetic rubber and others. They also serve as intermediates and reagents to produce more complex chemical substances. The growing usage of plastics in various end-use industries has augmented the demand for petrochemicals over the years.

The top 15 petrochemicals market is expected to surpass 656.0 Mn Tons by the end of 2027 in terms of volume, exhibiting a CAGR of 4.1% during the forecast period (2021 to 2027).

Key Takeaways

Key players operating in the top 15 petrochemicals are ExxonMobil, SABIC, Dow Chemical, LyondellBasell Industries, INEOS, Royal Dutch Shell, China Petroleum & Chemical Corporation among others.

The growing Top 15 Petrochemicals Market Insights, automotive, construction and healthcare industries has propelled the consumption of petrochemicals. Plastics have partially replaced traditional materials in various goods owing to its durability, versatility and low-cost.

Top 15 Petrochemicals Market-https://www.coherentmarketinsi....ghts.com/market-insi

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Why Indian Gearbox Manufacturers Are Gaining Global Recognition

The Indian gearbox manufacturing industry has gained significant global recognition due to its commitment to quality, innovation, and cost-effectiveness. Key drivers of this success include advanced technology adoption, with companies utilizing precision engineering, automation, and cutting-edge manufacturing processes. Indian manufacturers adhere to international quality standards like ISO, AGMA, and DIN, ensuring high-quality products for industries such as aerospace, automotive, and heavy machinery.

The cost-effective manufacturing advantage in India has made it an attractive hub for global buyers, offering world-class gearboxes at competitive prices. Companies like Top Gear Transmissions Pvt Ltd are leading the way by heavily investing in research and development to improve efficiency, durability, and performance.

Indian gearbox manufacturers have also expanded their reach to global markets, partnering with industrial giants across Europe, North America, and Asia. The versatility of Indian-made gearboxes, suitable for various industries such as automotive, marine, construction, and renewable energy, further boosts their international appeal. Government initiatives like ‘Make in India’ have supported the growth of this sector, positioning India as a strong player in the global gearbox market.

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