Increasing shale gas exploration coupled with abundant availability of cheap indigenous crude oil in Middle East & Africa is projected to drive demand. The Global Petrochemicals Market is expected to reach USD 958.8 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for petrochemical products from end-use industries such as automotive, construction, textile, electronics, and pharmaceutical is expected to foster consumption. Government support and favourable policies in Asia Pacific countries such as China and India are anticipated to promote industry growth. Infrastructure development coupled with transportation industry growth in BRICS nation is likely to propel demand. New capacity additions in Middle Eastern countries such as UAE and Saudi Arabia along with low feedstock prices is expected to positively impact supply demand scenario. Advent of technologies such as fluid catalytic cracking and residuum cracking is anticipated t...