Global Crude-to-Chemicals Market Share, Forecasts to 2033

Global Crude-to-Chemicals Market Size is Anticipated to Exceed USD 38,820 Million by 2033, Growing at a CAGR of 7.17% from 2023 to 2033.Crude oil-to-chemicals (COTC) technology enables the direct conversion of crude oil into high-value chemical compounds rather than traditional transportation fuels. It permits the production of chemicals reaching 70% to 80% of the barrel providing chemical feedstock, compared to approximately 10% in a non-integrated refinery complex.