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Petrochemical industry in GCC - statistics & facts

Petrochemicals are the products of refining petroleum crude oil during the downstream stage of the oil and gas sector’s processing chain. Around 2.3 billion metric tons of petrochemicals were produced worldwide. The total value of the petrochemical market worldwide was 584.4 billion U.S. dollars and is set to almost double, according to forecasts, by the end of this decade. Petrochemical products can be classified into two product categories: olefins-based and aromatics. Plastics, one of the most notable petrochemical products, derives from olefine ethylene. The Saudi Arabian Oil Company is one of the world's leading petrochemical companies, with an annual revenue of 230 billion U.S. dollars.
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Published by René Muschter, Dec 17, 2025

Key insights

  • Leading global exporter of petrochemicals
  • China
  • Leading petrochemical product consumed worldwide
  • Ethylen

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Global petrochemical export value 2024, by country

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