In terms of value, the global petrochemicals market is anticipated to expand at a CAGR of 4% from 2020 to 2030. Petrochemicals are an important part of commodities that are used in daily lives. Petrochemical products are used in various end-use industries, ranging from manufacturing to consumer goods.

The global Thermoplastic Elastomers market is expected to grow at a highest growth rate in the forecast period. Construction and transportation sector are the major driving factors of the Thermoplastic Elastomers market, as they consume two third of the global Thermoplastic Elastomers production. In the forecast period, developing economies will generate a huge demand for the Thermoplastic Elastomers market, due to increase in construction and infrastructural development.

The global white oil market size was valued at USD 1.3 billion in 2019 and is expected to register a compound annual growth rate (CAGR) of 3.1% from 2020 to 2027. Rising demand from medical & cosmetics applications worldwide is projected to be a key driving factor for the market growth.White oils are typically refined mineral oils, which are pure, stable, colorless, odorless, and non-toxic.