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电动式蒸汽裂解装置市场 - 全球和区域分析（2025-2040）：重点关注最终用户行业、最终产品、参与电炉开发的公司和机构以及国家分析
市场调查报告书
商品编码
1592690

电动式蒸汽裂解装置市场 - 全球和区域分析（2025-2040）：重点关注最终用户行业、最终产品、参与电炉开发的公司和机构以及国家分析

Electric Steam Cracker Market - A Global and Regional Analysis: Focus on End-Use Industry, End-Product, Companies and Institutions Involved in the Development of Electric Furnaces, and Country-Level Analysis - Analysis and Forecast, 2025-2040
出版日期: | 出版商: BIS Research | 英文 130 Pages | 商品交期: 1-5个工作天内

价格

全球电动式蒸汽裂解装置市场规模预计将从2025年的260.3亿美元成长到2040年的284.2亿美元，预测期内复合年增长率为59.42%。

减少排放的监管压力不断增加以及对工业流程脱碳的兴趣日益浓厚，推动了市场的发展。电气化技术的进步、严格的环境法规和产业合作是塑造这个不断发展的市场的关键因素。这些创新实现了更有效率、更永续的生产方法，特别是在石化产业，因为公司力求遵守更严格的排放标准。随着对低排放解决方案的需求不断增长，全球电动式蒸汽裂解装置市场继续向前发展，并专注于永续性和技术进步。

主要市场统计数据
预测期 2025-2040
2025年评估 2600万美元
2040年预测 284.2亿美元
复合年增长率 59.42%

电动式蒸汽裂解是石化产业脱碳的关键要素。它使传统的蒸汽裂解製程变得电气化，用再生能源来源取代石化燃料，生产乙烯和丙烯等关键化学品。这种转变对于减少碳排放、应对气候变迁和确保遵守日益严格的环境法规至关重要。先进的电动式蒸汽裂解技术，例如高温电炉，能够以最小的排放实现高效生产，并提供优化能源使用和实现永续性目标所需的资料。从这些技术的部署中获得的排放对于指导减排、政策制定和监管合规的行业决策至关重要。随着人们对气候变迁的认识不断增强以及全球法律规范的收紧，对可靠、高效的电蒸汽裂解解决方案的需求预计将会增加。电动式蒸汽裂解对于促进永续工业流程、促进创新以及确保实现产业脱碳目标的监管合规性至关重要。

从最终用户产业来看，石化产业引领市场。

在全球电动式蒸汽裂解装置市场中，由于迫切需要减少排放和提高化学品生产的永续性，石化行业仍然是主要应用。电动式蒸汽裂解对于生产乙烯和丙烯等关键化学品，同时最大限度地减少碳足迹至关重要。各国政府和国际组织严格的环境法规和永续性目标正在推动石化产业对电动式蒸汽裂解装置的需求，以实现排放目标。业界对脱碳重要性的认识不断提高，也进一步加速了电动式蒸汽裂解装置的采用。随着对减少温室气体排放的日益关注和更严格的法规，石化行业对电动式蒸汽裂解装置的需求将显着增加，并且仍然是永续化学生产的重要解决方案。

本报告调查了全球电动式蒸汽裂解装置市场，并提供了有关行业趋势、技术和专利趋势、法律制度、市场增长促进和限制因素、市场规模趋势和预测以及各个细分市场/地区/地区的主要企业。

目录

执行摘要

第一章 市场

  • 全球电动式蒸汽裂解装置市场：现况与未来
    • 石化精製的永续性
    • 蒸汽裂解产量（按国家）
    • 减少排放的措施（按公司）
  • 研究发展回顾
    • 电气化计划
    • 全球研究倡议
    • 专利申请趋势（按国家/公司）
  • 监管状况
  • 相关利益者分析
  • 市场动态：概述
    • 市场驱动因素
    • 市场限制因素
    • 市场机会
  • 减少蒸汽裂解排放的低碳技术
    • 氢气燃烧或氢气蒸气裂解
    • 选择性过程电气化
    • 碳捕集一体化
    • 蓝氢一体化
    • 传统型饲料裂解
  • 电动式与传统式操作对比
    • 资本支出・营运支出
    • 排放
    • 输出
  • 投资金筹措场景
  • 可再生能源生态系统
  • 各地区蒸汽裂解装置产能：2025年、2030年、2035年、2040年
  • 主要经济体裂解装置平均运作年限
  • 成本结构分析
  • 石化市场展望
    • 全球烯烃市场需求展望
    • 全球芳烃市场需求展望

第二章 应用

  • 应用细分
  • 应用概述
  • 全球电动式蒸汽裂解装置市场（按最终用户产业）
    • 石油化学工业
    • 精製

第三章 产品

  • 产品细分
  • 产品概述
  • 电动式蒸汽裂解装置市场（按最终产品）
    • 烯烃
    • 芳香族化合物

第四章 区域

  • 全球电动式蒸汽裂解装置市场（按地区）
  • 北美洲
  • 欧洲
  • 亚太地区
  • 其他领域

第五章 公司简介

  • 下一个前沿
  • 区域评价
  • 公司简介（设计/EPC公司）
  • 公司简介（炉子安装公司）
  • 公司简介（潜力公司）
  • 研究所

第六章调查方法

Product Code: MCN2335SA

Electric Steam Cracker Market Overview

The global electric steam cracker market is expected to be valued at $26.03 million in 2025 and is projected to grow at a CAGR of 59.42%, reaching $28.42 billion by 2040. The market has been driven by increasing regulatory pressures to reduce emissions and the growing focus on decarbonizing industrial processes. Advancements in electrification technologies, stringent environmental regulations, and industry collaborations are key factors shaping this evolving market. These innovations enable more efficient, sustainable production methods, particularly in the petrochemical sector, as companies seek to comply with stricter emission standards. As demand for low-emission solutions intensifies, the global electric steam cracker market continues to advance with a focus on sustainability and technological progress.

Introduction of Electric Steam Cracking

KEY MARKET STATISTICS
Forecast Period2025 - 2040
2025 Evaluation$0.026 Billion
2040 Forecast$28.42 Billion
CAGR59.42%

The study conducted by BIS Research defines electric steam cracking as a pivotal technology in the transition to sustainable industrial processes. It involves the electrification of traditional steam crackers, replacing fossil fuels with renewable energy to produce essential petrochemicals such as ethylene and propylene. This technology is crucial for reducing greenhouse gas emissions, aligning with increasingly stringent environmental regulations, and advancing decarbonization efforts. Advanced electric steam cracker technologies, such as high-temperature electric heaters, enable efficient and low-emission production while maintaining high output. The data and insights gathered from implementing these technologies help in optimizing energy use, reducing emissions, and ensuring compliance with global sustainability standards. As awareness of climate change impacts grows and regulatory frameworks become more rigorous, the demand for efficient, low-carbon steam cracking solutions continues to rise. Ultimately, electric steam cracking is essential for driving innovation in the petrochemical industry, supporting emissions reduction goals, and ensuring regulatory compliance in the face of growing environmental challenges.

Market Introduction

Electric steam cracking is a crucial component in the decarbonization of the petrochemical industry. It involves the electrification of traditional steam cracking processes, replacing fossil fuels with renewable energy sources to produce vital chemicals such as ethylene and propylene. This shift is essential for reducing carbon emissions, addressing climate change, and ensuring compliance with increasingly stringent environmental regulations. Advanced electric steam cracking technologies, such as high-temperature electric furnaces, enable highly efficient production with minimal emissions, providing the data necessary for optimizing energy use and meeting sustainability goals. The insights gathered from implementing these technologies are critical for guiding industry decisions on emissions reduction, policy development, and regulatory compliance. As awareness of climate change grows and global regulatory frameworks tighten, the demand for reliable and efficient electric steam cracking solutions is expected to increase. In essence, electric steam cracking is indispensable for advancing sustainable industrial processes, driving innovation, and ensuring regulatory compliance in the face of the industry's decarbonization goals.

Industrial Impact

The global electric steam cracker market's industrial impact spans petrochemical production, emissions reduction, and regulatory compliance sectors. Advancements in electrification technologies are driving innovation and improving the efficiency and sustainability of steam cracking processes. These developments foster collaborations between petrochemical companies, regulatory bodies, and technology providers, raising industry standards and pushing the boundaries of research and development. Moreover, the focus on low-emission, energy-efficient solutions aligns with global decarbonization goals, thereby influencing broader industrial practices and promoting stricter regulatory compliance. As a result, the global electric steam cracker market plays a pivotal role in reducing industrial emissions, driving technological innovation, and supporting sustainable development initiatives globally.

The key players operating in the global electric steam cracker market include KBR Inc., Technip Energies N.V., Lummus Technology, Linde PLC, Coolbrook, LyondellBasell Industries, Chevron Phillips Chemical Company LLC., DOW, BASF, SABIC, Repsol, Borealis AG., Shell, TotalEnergies, BP p.l.c., Versalis S.p.A., among others. These companies are focusing on strategic partnerships, collaborations, and acquisitions to enhance their product offerings and expand their market presence.

Market Segmentation

Segmentation 1: by End-Use Industry

  • Petrochemical Industry
  • Oil Refining

Petrochemical Industry Segment to Dominate the Global Electric Steam Cracker Market (by End-Use Industry)

In the global electric steam cracker market, the petrochemical industry remains the dominant application, driven by the critical need to reduce emissions and enhance sustainability in chemical production. Electric steam cracking is essential for producing key chemicals such as ethylene and propylene while minimizing carbon footprints. Stringent environmental regulations and sustainability goals from governments and international bodies are increasing the demand for electric steam crackers in the petrochemical sector to meet emissions reduction targets. Growing industry awareness of the importance of decarbonization further accelerates the adoption of electric steam crackers. As the focus on reducing greenhouse gas emissions intensifies and regulations become more stringent, the demand for electric steam cracking in the petrochemical industry is expected to rise significantly, ensuring it remains a pivotal solution for sustainable chemical production.

Segmentation 2: by End-Product

  • Olefins
  • Aromatics

Olefins to Dominate the Global Electric Steam Cracker Market (by End-Product)

In the global electric steam cracker market, olefins remain the dominant product segment, driven by the critical demand for ethylene and propylene in various industrial applications. Electric steam cracking plays a key role in producing these essential chemicals while reducing carbon emissions. The growing focus on sustainability and decarbonization in the petrochemical industry has significantly increased the demand for electric steam cracking to produce olefins more efficiently and with a lower environmental footprint. As global regulations on emissions tighten and industries seek cleaner production methods, the adoption of electric steam crackers for olefin production is expected to rise substantially, ensuring olefins remain at the forefront of the market's growth.

Segmentation 3: by Region

  • North America: U.S. and Rest-of-North America
  • Europe: Germany, France, Netherlands, and Rest-of-Europe
  • Asia-Pacific: China, Japan, and Rest-of-Asia-Pacific
  • Rest-of-the-World: Middle East and Africa

Currently, there is minimal presence of the global electric steam cracker market in France, the Netherlands, and the Rest-of-Europe, but significant growth is anticipated in the coming years. Increasing focus on decarbonization and regulatory pressures are expected to drive market expansion in these regions during the forecast period.

The Europe region is set to lead the global electric steam cracker market, driven by stringent decarbonization goals, increasing environmental awareness, and robust regulatory frameworks aimed at reducing industrial emissions. Countries such as Germany, Belgium, and the Netherlands are witnessing a significant rise in demand for electric steam cracker technologies due to growing concerns about carbon emissions in the petrochemical sector. The region's expanding chemical industries, combined with its commitment to sustainable industrial practices, are accelerating the adoption of electric steam cracking to meet emission reduction targets. Governments across Europe are enforcing strict regulations to monitor and mitigate industrial pollution, further boosting the need for electrification in steam cracking processes. The European Union's focus on green energy transitions is also driving the development of innovative, low-emission solutions. As Europe continues to advance economically and technologically, it is expected to maintain its leadership position in the global electric steam cracker market, significantly contributing to the reduction of industrial emissions and promoting sustainable production methods.

Recent Developments in the Global Electric Steam Cracker Market

  • In April 2024, Lummus Technology partnered with Braskem to deploy Lummus' SRT-e electric cracking heater at Braskem's Brazilian facilities. This innovative heater utilizes electricity in place of conventional fuels, aiming to significantly lower greenhouse gas emissions and support Braskem's sustainability goals.
  • In June 2022, Shell and Dow launched an experimental electric cracking furnace unit designed to decarbonize the production of essential chemicals such as ethylene. This advanced technology leverages renewable electricity in place of traditional fossil fuels, significantly reducing CO? emissions and contributing to more sustainable industrial practices.
  • In May 2024, BASF, SABIC, and Linde PLC announced a collaborative initiative to develop and implement electrically heated steam crackers. Traditionally, steam cracking, a critical process in chemical manufacturing, has depended on fossil fuels for heat generation, resulting in substantial CO2 emissions. This innovative technology, utilizing electricity to produce the necessary heat, with the potential integration of renewable energy sources, presents a significant opportunity to reduce the carbon footprint of chemical production.
  • Repsol has joined the ""Cracker of the Future"" consortium, collaborating with major chemical companies to develop sustainable cracker technology. This initiative aims to reduce the environmental impact of chemical production by focusing on innovations such as the electrification of cracker processes, which are traditionally powered by fossil fuels. By adopting these advancements, the consortium seeks to reduce CO2 emissions and improve energy efficiency, supporting Repsol's commitment to sustainability and the energy transition.

Demand - Drivers, Limitations, and Opportunities

Market Demand Drivers: Rising Regulatory Pressures and Emission Targets

In regions with significant industrial activity, the rising pressure to reduce carbon emissions has become a critical concern. For instance, industrial emissions from petrochemical facilities contribute substantially to global greenhouse gas levels, prompting increased regulatory scrutiny. In Europe, stringent decarbonization targets aim to drastically cut industrial emissions by 2050, driving the need for cleaner technologies. According to the European Environment Agency (EEA), industrial emissions account for nearly 40% of greenhouse gas emissions in the EU. The shift toward electric steam crackers offers a promising solution to reduce the carbon footprint of the petrochemical sector. Countries such as Germany and the Netherlands are spearheading initiatives to replace traditional steam crackers with electric alternatives, significantly reducing emissions from ethylene production.

The adoption of innovative electrification technologies aligns with the EU's Fit for 55 regulations, which aim to cut emissions by 55% by 2030, highlighting the growing demand for electric steam cracking solutions. These technologies not only help industries comply with stringent emission standards but also drive the expansion of the global electric steam cracker market as industries work to meet global climate goals and reduce their environmental impact.

Market Challenges: High Capital Costs for Infrastructure Upgrades

One of the major challenges facing the global electric steam cracker market is the high capital costs associated with infrastructure upgrades. Transitioning from traditional fossil fuel-based steam crackers to electric steam cracking technologies requires significant investments in new equipment, electrification of existing plants, and integration of renewable energy sources. The cost of retrofitting current facilities to accommodate electric steam crackers is substantial, and for many companies, these upfront expenses pose a major financial hurdle. Additionally, electric steam crackers demand a consistent supply of clean electricity, which may require further investments in energy infrastructure to ensure a stable and efficient energy supply.

Moreover, the long-term returns on these investments, while promising in terms of reduced emissions and sustainability, are not always immediately apparent. For many petrochemical companies, especially in regions where energy prices fluctuate, the high costs of transitioning to electric technologies can delay widespread adoption. The challenge is further compounded by the fact that older plants may need more extensive modifications, driving costs even higher. These factors make it difficult for smaller players to compete in the market and may slow the overall growth of the electric steam cracker market despite the growing pressure to meet global decarbonization goals.

Market Opportunities Growth in Technological Advancements and Innovation

The global electric steam cracker market is poised to benefit significantly from the ongoing technological advancements and innovations in the industry. As the demand for low-emission technologies continues to rise, companies are investing heavily in research and development to create more efficient and scalable electric steam cracker solutions. Innovations in high-temperature electric heating systems, energy recovery technologies, and the integration of renewable energy sources are enhancing performance and reducing the operational costs of electric steam crackers. These technological breakthroughs are helping to overcome some of the traditional limitations of steam cracking, making it a more sustainable and cost-effective option for petrochemical production.

Moreover, advancements in automation and digitalization are optimizing the efficiency of electric steam crackers, enabling real-time monitoring and adjustments to improve energy consumption and reduce waste. As these technologies continue to evolve, they offer companies the opportunity to enhance their production processes while meeting stringent emission regulations. The growth in innovation not only opens up new possibilities for reducing carbon footprints but also provides a competitive edge to companies adopting these advanced solutions, thereby driving the expansion of the global electric steam cracker market.

How can this Report add value to an Organization?

Product/Innovation Strategy: This segment helps the reader understand the different applications of electric steam cracker technology across various sectors, including petrochemicals, refining, chemicals, and others. It also highlights the advancements in techniques such as electric heating, renewable energy integration, and emissions control technologies. Additionally, the report covers key consumables such as catalysts, process automation tools, and energy storage systems. The methods and standards guiding the industry, including ISO, ASTM, and others, are discussed to provide a comprehensive view of compliance and operational protocols. The electric steam cracker market is poised for substantial growth, driven by continuous technological innovations, increased investments in sustainable manufacturing, and rising awareness of the environmental benefits of electrification in the chemical sector. As a result, the electric steam cracker industry represents a high-investment, high-revenue generating business model.

Growth/Marketing Strategy: The global electric steam cracker market has been expanding rapidly, offering significant opportunities for both established and new market players. Key growth strategies discussed in this segment include mergers and acquisitions, new product launches, strategic partnerships, and geographic business expansions. Companies are increasingly focusing on product development and the adoption of sustainable technologies to enhance their competitive edge in the market.

Competitive Strategy: The major players in the global electric steam cracker market are profiled in the report, including electric cracker technology providers and system integrators. A detailed competitive landscape analysis, including partnerships, agreements, and collaborations, is presented to help readers identify untapped revenue opportunities within the market. This analysis aims to guide market participants in maintaining and strengthening their position through innovation and strategic alliances.

Research Methodology

Factors for Data Prediction and Modelling

  • The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
  • The currency conversion rate has been taken from the historical exchange rate of the Oanda website.
  • Nearly all the recent developments from January 2021 to September 2024 have been considered in this research study.
  • The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
  • Where relevant information was not available, proxy indicators and extrapolation were employed.
  • Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
  • Technologies currently used are expected to persist through the forecast with no major technological breakthroughs.

Market Estimation and Forecast

This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global electric steam cracker market.

The process of market engineering involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes is explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.

Primary Research

The primary sources involve industry experts from the global electric steam cracker market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from primary sources include:

  • validation and triangulation of all the numbers and graphs
  • validation of reports segmentation and key qualitative findings
  • understanding the competitive landscape
  • validation of the numbers of various markets for market type
  • percentage split of individual markets for geographical analysis

Secondary Research

This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the data sources, the study has been undertaken with the help of other data sources and websites, such as the Census Bureau, IRENA, and IEA.

Secondary research was done to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.

The key data points taken from secondary research include:

  • segmentations and percentage shares
  • data for market value
  • key industry trends of the top players of the market
  • qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
  • quantitative data for mathematical and statistical calculations

Key Market Players and Competition Synopsis

The companies profiled in the global electric steam cracker market have been selected based on inputs gathered from primary experts and through analyzing company coverage, product portfolio, and market penetration.

Some of the prominent names in this electric steam cracker market are:

  • KBR Inc.
  • Technip Energies N.V.
  • Lummus Technology
  • Linde PLC
  • Coolbrook
  • LyondellBasell Industries
  • Chevron Phillips Chemical Company LLC
  • Dow
  • BASF
  • SABIC
  • Repsol
  • Borealis AG.
  • Shell
  • Total Energies
  • BP p.l.c.
  • Versalis S.p.A.

Companies not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).

Table of Contents

Executive Summary

Scope and Definition

1 Markets

  • 1.1 Global Electric Steam Cracker Market: Current and Future
    • 1.1.1 Sustainability in Petrochemical Refining
    • 1.1.2 Steam Cracking Output (by Country)
    • 1.1.3 Emission Reduction Initiatives (by Companies)
  • 1.2 Research and Development Review
    • 1.2.1 Projects on Electrification
      • 1.2.1.1 IMPROOF Project
      • 1.2.1.2 Cracker of the Future Consortium
    • 1.2.2 Research Initiatives Globally
    • 1.2.3 Patent Filing Trend (by Country and Company)
  • 1.3 Regulatory Landscape
  • 1.4 Stakeholder Analysis
    • 1.4.1 Pilot Projects/Ongoing Analysis
  • 1.5 Market Dynamics: Overview
    • 1.5.1 Market Drivers
      • 1.5.1.1 Rising Regulatory Pressures and Emission Targets
      • 1.5.1.2 Increasing Demand for Sustainable Petrochemical Products
    • 1.5.2 Market Restraints
      • 1.5.2.1 High Capital Costs for Infrastructure Upgrades
      • 1.5.2.2 Fluctuations in the Availability and Cost of Renewable Energy
    • 1.5.3 Market Opportunities
      • 1.5.3.1 Growth in Technological Advancements and Innovation
      • 1.5.3.2 Increase in the Collaboration and Industry Partnerships
  • 1.6 Low-Carbon Technologies for Emission Reduction in Steam Cracking
    • 1.6.1 Hydrogen Firing or Hydrogen Steam Cracking
    • 1.6.2 Selective Process Electrification
    • 1.6.3 Carbon Capture Integration
    • 1.6.4 Blue Hydrogen Integration
    • 1.6.5 Unconventional Feed Cracking
  • 1.7 Operation Comparison of Electric vs. Conventional
    • 1.7.1 CAPEX and OPEX
    • 1.7.2 Emissions
    • 1.7.3 Output
  • 1.8 Investment and Funding Scenario
  • 1.9 Renewable Energy Ecosystem
    • 1.9.1 Renewable Energy Production by Region, TWh, 2015-2022
    • 1.9.2 Renewable Energy Production by Source, TWh, 2015-2022
    • 1.9.3 Wind Energy Production by Region, TWh, 2015-2022
    • 1.9.4 Solar Energy Production by Region, TWh, 2015-2022
    • 1.9.5 Weighted Average Levelized Cost of Electricity (LCOE) for Onshore Wind by Country, $/kWh, 2020-2023
  • 1.1 Steam Cracker Capacity by Region Million Tons, 2025, 2030, 2035, and 2040
  • 1.11 Average Age of Cracker by Key Economies
  • 1.12 Cost Structure Analysis
  • 1.13 Petrochemical Market Outlook
    • 1.13.1 Global Olefins Market Demand Outlook, Million Tons, 2020-2030
    • 1.13.2 Global Aromatics Market Demand Outlook, Million Tons, 2020-2030

2 Application

  • 2.1 Application Segmentation
  • 2.2 Application Summary
  • 2.3 Global Electric Steam Cracker Market (by End-Use Industry)
    • 2.3.1 Petrochemical Industry
    • 2.3.2 Oil Refining

3 Products

  • 3.1 Product Segmentation
  • 3.2 Product Summary
  • 3.3 Electric Steam Cracker Market (by End-Product)
    • 3.3.1 Olefins
    • 3.3.2 Aromatics

4 Regions

  • 4.1 Global Electric Steam Cracker Market (by Region)
  • 4.2 North America
    • 4.2.1 Regional Overview
    • 4.2.2 Driving Factors for Market Growth
    • 4.2.3 Factors Challenging the Market
    • 4.2.4 Application
    • 4.2.5 Product
    • 4.2.6 North America (by Country)
      • 4.2.6.1 U.S.
      • 4.2.6.2 Rest-of-North America
  • 4.3 Europe
    • 4.3.1 Regional Overview
    • 4.3.2 Driving Factors for Market Growth
    • 4.3.3 Factors Challenging the Market
    • 4.3.4 Application
    • 4.3.5 Product
    • 4.3.6 Europe (by Country)
      • 4.3.6.1 Germany
      • 4.3.6.2 France
      • 4.3.6.3 Netherlands
      • 4.3.6.4 Rest-of-Europe
  • 4.4 Asia-Pacific
    • 4.4.1 Regional Overview
    • 4.4.2 Driving Factors for Market Growth
    • 4.4.3 Factors Challenging the Market
    • 4.4.4 Application
    • 4.4.5 Product
    • 4.4.6 Asia-Pacific (by Country)
      • 4.4.6.1 China
      • 4.4.6.2 Japan
      • 4.4.6.3 Rest-of-Asia-Pacific
  • 4.5 Rest-of-the-World
    • 4.5.1 Regional Overview
    • 4.5.2 Driving Factors for Market Growth
    • 4.5.3 Factors Challenging the Market
    • 4.5.4 Application
    • 4.5.5 Product
    • 4.5.6 Rest-of-the-World (by Region)
      • 4.5.6.1 Middle East and Africa

5 Company Profile

  • 5.1 Next Frontiers
  • 5.2 Geographic Assessment
  • 5.3 Company Profiles (Designing and EPC Companies)
    • 5.3.1 KBR Inc.
      • 5.3.1.1 Overview
      • 5.3.1.2 Top Products/Product Portfolio
      • 5.3.1.3 Target Customers/End Users
      • 5.3.1.4 Key Personnel
      • 5.3.1.5 Analyst View
    • 5.3.2 Technip Energies N.V.
      • 5.3.2.1 Overview
      • 5.3.2.2 Top Products/Product Portfolio
      • 5.3.2.3 Target Customers/End Users
      • 5.3.2.4 Key Personnel
      • 5.3.2.5 Analyst View
    • 5.3.3 Lummus Technology
      • 5.3.3.1 Overview
      • 5.3.3.2 Top Products/Product Portfolio
      • 5.3.3.3 Target Customers/End Users
      • 5.3.3.4 Key Personnel
      • 5.3.3.5 Analyst View
    • 5.3.4 Linde PLC
      • 5.3.4.1 Overview
      • 5.3.4.2 Top Products/Product Portfolio
      • 5.3.4.3 Target Customers/End Users
      • 5.3.4.4 Key Personnel
      • 5.3.4.5 Analyst View
    • 5.3.5 Coolbrook Technologies Ltd.
      • 5.3.5.1 Overview
      • 5.3.5.2 Top Products/Product Portfolio
      • 5.3.5.3 Target Customers/End Users
      • 5.3.5.4 Key Personnel
      • 5.3.5.5 Analyst View
  • 5.4 Company Profiles (Companies Installing Furnace)
    • 5.4.1 LyondellBasell Industries
      • 5.4.1.1 Overview
      • 5.4.1.2 Top Products/Product Portfolio
      • 5.4.1.3 Target Customers/End Users
      • 5.4.1.4 Key Personnel
      • 5.4.1.5 Analyst View
    • 5.4.2 Chevron Phillips Chemical Company LLC.
      • 5.4.2.1 Overview
      • 5.4.2.2 Top Products/Product Portfolio
      • 5.4.2.3 Target Customers/End Users
      • 5.4.2.4 Key Personnel
      • 5.4.2.5 Analyst View
    • 5.4.3 Dow
      • 5.4.3.1 Overview
      • 5.4.3.2 Top Products/Product Portfolio
      • 5.4.3.3 Target Customers/End Users
      • 5.4.3.4 Key Personnel
      • 5.4.3.5 Analyst View
    • 5.4.4 BASF
      • 5.4.4.1 Overview
      • 5.4.4.2 Top Products/Product Portfolio
      • 5.4.4.3 Target Customers/End Users
      • 5.4.4.4 Key Personnel
      • 5.4.4.5 Analyst View
    • 5.4.5 SABIC
      • 5.4.5.1 Overview
      • 5.4.5.2 Top Products/Product Portfolio
      • 5.4.5.3 Target Customers/End Users
      • 5.4.5.4 Key Personnel
      • 5.4.5.5 Analyst View
    • 5.4.6 Repsol
      • 5.4.6.1 Overview
      • 5.4.6.2 Top Products/Product Portfolio
      • 5.4.6.3 Target Customers/End Users
      • 5.4.6.4 Key Personnel
      • 5.4.6.5 Analyst View
    • 5.4.7 BP p.l.c.
      • 5.4.7.1 Overview
      • 5.4.7.2 Top Products/Product Portfolio
      • 5.4.7.3 Target Customers/End Users
      • 5.4.7.4 Key Personnel
      • 5.4.7.5 Analyst View
    • 5.4.8 TotalEnergies
      • 5.4.8.1 Overview
      • 5.4.8.2 Top Products/Product Portfolio
      • 5.4.8.3 Target Customers/End Users
      • 5.4.8.4 Key Personnel
      • 5.4.8.5 Analyst View
    • 5.4.9 Versalis S.p.A.
      • 5.4.9.1 Overview
      • 5.4.9.2 Top Products/Product Portfolio
      • 5.4.9.3 Target Customers/End Users
      • 5.4.9.4 Key Personnel
      • 5.4.9.5 Analyst View
  • 5.5 Company Profiles (Possible Companies)
    • 5.5.1 Borealis AG.
      • 5.5.1.1 Overview
      • 5.5.1.2 Top Products/Product Portfolio
      • 5.5.1.3 Target Customers/End Users
      • 5.5.1.4 Key Personnel
      • 5.5.1.5 Analyst View
    • 5.5.2 Shell
      • 5.5.2.1 Overview
      • 5.5.2.2 Top Products/Product Portfolio
      • 5.5.2.3 Target Customers/End Users
      • 5.5.2.4 Key Personnel
      • 5.5.2.5 Analyst View
  • 5.6 Research Institutes
    • 5.6.1 ISPT
      • 5.6.1.1 Overview
      • 5.6.1.2 Ongoing Programs
      • 5.6.1.3 Ongoing Projects
    • 5.6.2 ISC3
      • 5.6.2.1 Overview
      • 5.6.2.2 Ongoing Project
    • 5.6.3 TNO
      • 5.6.3.1 Overview
      • 5.6.3.2 Ongoing Projects

6 Research Methodology

  • 6.1 Data Sources
    • 6.1.1 Primary Data Sources
    • 6.1.2 Secondary Data Sources
    • 6.1.3 Data Triangulation
  • 6.2 Market Estimation and Forecast
    • 6.2.1 Assumptions and Limitations

List of Figures

  • Figure 1: Electric Steam Cracker Market (by Scenario), Million Tons, 2025, 2030, 2035, and 2040
  • Figure 2: Electric Steam Cracker Market (by Region), Million Tons, 2025, 2030, 2035, and 2040
  • Figure 3: Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025, 2030, 2035, and 2040
  • Figure 4: Electric Steam Cracker Market (by End-Product), Million Tons, 2025, 2030, 2035, and 2040
  • Figure 5: Key Events
  • Figure 6: Patent Analysis (by Country), January 2021-July 2024
  • Figure 7: Patent Analysis (by Company), January 2021-July 2024
  • Figure 8: Impact Analysis of Market Navigating Factors, 2025-2040
  • Figure 9: Growth in Regional Petrochemicals Capacity, 2019-2024
  • Figure 10: Renewable Energy Production by Region, TWh, 2015-2022
  • Figure 11: Renewable Energy Production by Source, TWh, 2015-2022
  • Figure 12: Wind Energy Production by Region, TWh, 2015-2022
  • Figure 13: Solar Energy Production by Region, TWh, 2015-2022
  • Figure 14: Weighted Average Levelized Cost of Electricity (LCOE) for Onshore Wind by Country, $/kWh, 2020-2023
  • Figure 15: Estimated Steam Cracker capacity, by Region Million Tons, 2025, 2030, 2035, and 2040
  • Figure 16: Average Age of Cracker by Key Economies, Years, 2023
  • Figure 17: Global Olefins Market Demand Outlook, Million Tons, 2020-2030
  • Figure 18: Global Aromatics Market Demand Outlook, Million Tons, 2020-2030
  • Figure 19: Global CO2 Emissions from Fossil Fuels, Billion Tons, 2019-2022
  • Figure 20: Global Plastic Production, Million Tons, 2020-2023
  • Figure 21: U.S. Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
  • Figure 22: U.S. Conventional and Solar Electricity Prices, $/kWh, 2019-2023
  • Figure 23: Rest-of-North America Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
  • Figure 24: Germany Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
  • Figure 25: Germany Conventional and Solar Electricity Prices, $/kWh, 2019-2023
  • Figure 26: France Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
  • Figure 27: France Conventional and Solar Electricity Prices, $/kWh, 2019-2023
  • Figure 28: Netherlands Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
  • Figure 29: Netherlands Conventional and Solar Electricity Prices, $/kWh, 2019-2023
  • Figure 30: Rest-of-Europe Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
  • Figure 31: China Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
  • Figure 32: China Conventional and Solar Electricity Prices, $/kWh, 2019-2023
  • Figure 33: Japan Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
  • Figure 34: Japan Conventional and Solar Electricity Prices, $/kWh, 2019-2023
  • Figure 35: Rest-of-Asia-Pacific Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
  • Figure 36: Middle East and Africa Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
  • Figure 37: Data Triangulation
  • Figure 38: Top-Down and Bottom-Up Approach
  • Figure 39: Assumptions and Limitations

List of Tables

  • Table 1: Market Snapshot
  • Table 2: Opportunities across Region
  • Table 3: Competitive Landscape Snapshot
  • Table 4: Trends: Overview
  • Table 5: Comparative Analysis of ImProof and Cracker of the Future:
  • Table 6: Global Research Initiatives
  • Table 7: Regulatory Landscape for Global Electric Steam Cracker Market
  • Table 8: Emission Targets Adopted in Different Regions
  • Table 9: Economic Parameters for Conventional and Electrified Cracker Plants
  • Table 10: Comparison of CO2 Emissions in Conventional vs. Electric Steam Crackers
  • Table 11: Cost Structure Analysis for Conventional and Electrified Cracker End-Product
  • Table 12: Summarized Difference between the End-Products of Electric Steam Cracker.
  • Table 13: Global Electric Steam Cracker Market (by Region), Million Tons, 2025-2040
  • Table 14: North America Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 15: North America Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 16: U.S. Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
  • Table 17: U.S. Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 18: U.S. Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 19: Rest-of-North America Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
  • Table 20: Rest-of-North America Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 21: Rest-of-North America Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 22: Europe Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 23: Europe Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 24: Germany Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
  • Table 25: Germany Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 26: Germany Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 27: France Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
  • Table 28: France Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 29: France Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 30: Netherlands Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
  • Table 31: Netherlands Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 32: Netherlands Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 33: Key Countries in Rest-of-Europe Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
  • Table 34: Rest-of-Europe Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 35: Rest-of-Europe Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 36: Asia-Pacific Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 37: Asia-Pacific Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 38: China Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
  • Table 39: China Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 40: China Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 41: Japan Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
  • Table 42: Japan Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 43: Japan Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 44: Key Countries in Rest-of-Asia-Pacific Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
  • Table 45: Rest-of-Asia-Pacific Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 46: Rest-of-Asia-Pacific Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 47: Rest-of-the-World Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 48: Rest-of-the-World Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
  • Table 49: Key Countries in Middle East and Africa Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
  • Table 50: Middle East and Africa Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
  • Table 51: Middle East and Africa Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040