Petrochemical products are gaining popularity in modern times because they are cost-effective, economically stable and cheaper as they are produced on a mass scale.
Oil accounts for approximately 3% of GDP and is one of the most important commodities in the world. petroleum products can be found in everything from personal protective equipment, plastics, chemicals and fertilizers through to aspirin, clothing, fuel for transportation and even solar panels. In addition, the petrochemicals industry sources raw materials from refining and gas-processing and converts these raw materials into valuable products using a variety of chemical process technologies. These Products made from petrochemicals include such items as plastics, soaps and detergents, solvents, drugs, fertilizers, pesticides, explosives, synthetic fibres and rubbers, paints, epoxy resins, and flooring and insulating materials.
