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| Petrochemical industry |
Petrochemicals are produced at refineries like this
|In 2018, the global market value of petrochemicals was 539 billion U.S. dollars, and is forecast to increase to 651.1 billion U.S. dollars by 2027.|
The petrochemical industry obtains chemical products by refining oil. Big chemical and Big Oil dominate the industry. The production of petrochemicals only occurs in a few number of places around the world, and has been impacted by COVID-19.