https://www.maximizemarketresearch.com/market-report/petrochemicals-market-global-market/126575/ Petrochemicals are derived from petroleum or natural gas. Petrochemicals are important part of the chemical industry as the demand for synthetic materials is increasing continually and plays a major role in the growth of the economy. They are used in petrochemical products plastics, medicines, cosmetics, furniture, appliances, electronics, solar power panels, and wind turbines. The automotive industry's growth, including the shift toward electric vehicles, impacts the demand for petrochemical materials used in vehicle production. Changing consumer preferences for convenience, durability, and lightweight materials contribute to the demand for petrochemical-based products.