Summary

Introduction to Europe Electric Steam Cracker Market

The Europe electric steam cracker market is expected to be valued at $26.03 million in 2025 and is projected to grow at a CAGR of 51.91%, reaching $13,778.39 million by 2040. Stricter environmental restrictions and growing initiatives to decarbonise industrial processes are driving the market for electric steam crackers in Europe. Strong industrial partnerships and electrical technology advancements are propelling the use of more economical and environmentally friendly production techniques. In the petrochemical industry, where businesses are working to satisfy more stringent emission requirements, this change is most noticeable. Europe's commitment to lowering its carbon footprint and moving towards cleaner industrial operations is being reinforced by the market's ongoing innovation centred on sustainability and technological advancement as the demand for low-emission solutions rises.

Market Introduction

The market for electric steam crackers in Europe is expanding significantly because to the region's strong commitment to cutting carbon emissions and moving towards environmentally friendly industrial processes. In order to break down hydrocarbons and produce important chemicals like ethylene and propylene, steam crackers are crucial to the petrochemical industry. Businesses can drastically lower their carbon footprint by switching to electric steam crackers that run on renewable electricity instead of conventional fossil fuel-based crackers.

The European Union's lofty climate goals and carbon neutrality targets, along with other strict environmental rules, are promoting the adoption of low-emission technologies. Funding and incentives are being provided by governments to hasten the development and implementation of electric steam crackers. Furthermore, partnerships among petrochemical firms, technology developers, and energy providers are propelling innovation in electrification solutions.

The integration of renewable energy sources, such as wind and solar, further supports the sustainability of electric steam crackers. Advancements in electric heating technology are also enhancing operational efficiency and reducing overall energy consumption. As industries seek to comply with stricter emission standards and consumers demand more eco-friendly products, the market for electric steam crackers in Europe is poised for steady expansion. This transition marks a critical step in decarbonizing the petrochemical sector and contributing to Europe’s clean energy future.

Market Segmentation:

Segmentation 1: by End-Use Industry
• Petrochemical Industry
• Oil Refining

Segmentation 2: by End-Product
• Olefins
• Aromatics

Segmentation 3: by Region
• Europe: Germany, France, Netherlands, and Rest-of-Europe

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 Europe 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 Europe 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 Europe 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.

Key Market Players and Competition Synopsis

The companies profiled in the Europe 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 market are:

• Technip Energies N.V.
• Linde PLC
• Coolbrook
• BASF
• Repsol
• Total Energies
• BP p.l.c.
• Versalis S.p.A.

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Table of Contents

Executive Summary
Scope and Definition
1 Markets
1.1 Europe 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 Regions
2.1 Electric Steam Cracker Market (by Region)
2.2 Europe
2.2.1 Regional Overview
2.2.2 Driving Factors for Market Growth
2.2.3 Factors Challenging the Market
2.2.4 Application
2.2.5 Product
2.2.6 Europe (by Country)
2.2.6.1 Germany
2.2.6.2 France
2.2.6.3 Netherlands
2.2.6.4 Rest-of-Europe
3 Company Profile
3.1 Next Frontiers
3.2 Geographic Assessment
3.3 Company Profiles (Designing and EPC Companies)
3.3.1 Technip Energies N.V.
3.3.1.1 Overview
3.3.1.2 Top Products/Product Portfolio
3.3.1.3 Target Customers/End Users
3.3.1.4 Key Personnel
3.3.1.5 Analyst View
3.3.2 Linde PLC
3.3.2.1 Overview
3.3.2.2 Top Products/Product Portfolio
3.3.2.3 Target Customers/End Users
3.3.2.4 Key Personnel
3.3.2.5 Analyst View
3.3.3 Coolbrook Technologies Ltd.
3.3.3.1 Overview
3.3.3.2 Top Products/Product Portfolio
3.3.3.3 Target Customers/End Users
3.3.3.4 Key Personnel
3.3.3.5 Analyst View
3.4 Company Profiles (Companies Installing Furnace)
3.4.1 BASF
3.4.1.1 Overview
3.4.1.2 Top Products/Product Portfolio
3.4.1.3 Target Customers/End Users
3.4.1.4 Key Personnel
3.4.1.5 Analyst View
3.4.2 Repsol
3.4.2.1 Overview
3.4.2.2 Top Products/Product Portfolio
3.4.2.3 Target Customers/End Users
3.4.2.4 Key Personnel
3.4.2.5 Analyst View
3.4.3 BP p.l.c.
3.4.3.1 Overview
3.4.3.2 Top Products/Product Portfolio
3.4.3.3 Target Customers/End Users
3.4.3.4 Key Personnel
3.4.3.5 Analyst View
3.4.4 TotalEnergies
3.4.4.1 Overview
3.4.4.2 Top Products/Product Portfolio
3.4.4.3 Target Customers/End Users
3.4.4.4 Key Personnel
3.4.4.5 Analyst View
3.4.5 Versalis S.p.A.
3.4.5.1 Overview
3.4.5.2 Top Products/Product Portfolio
3.4.5.3 Target Customers/End Users
3.4.5.4 Key Personnel
3.4.5.5 Analyst View
3.5 Company Profiles (Possible Companies)
3.5.1 Shell
3.5.1.1 Overview
3.5.1.2 Top Products/Product Portfolio
3.5.1.3 Target Customers/End Users
3.5.1.4 Key Personnel
3.5.1.5 Analyst View
3.6 Research Institutes
3.6.1 ISPT
3.6.1.1 Overview
3.6.1.2 Ongoing Programs
3.6.1.3 Ongoing Projects
3.6.2 ISC3
3.6.2.1 Overview
3.6.2.2 Ongoing Project
3.6.3 TNO
3.6.3.1 Overview
3.6.3.2 Ongoing Projects
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
4.2.1 Assumptions and Limitations
List of Figures
Figure 1: Europe Electric Steam Cracker Market, Million Tons, 2025, 2030, 2035, and 2040
Figure 2: Electric Steam Cracker Market (by Region), Million Tons, 2025, 2030, 2035, and 2040
Figure 3: Europe Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025, 2030, 2035, and 2040
Figure 4: Europe 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: Renewable Energy Production by Region, TWh, 2015-2022
Figure 10: Renewable Energy Production by Source, TWh, 2015-2022
Figure 11: Wind Energy Production by Region, TWh, 2015-2022
Figure 12: Solar Energy Production by Region, TWh, 2015-2022
Figure 13: Weighted Average Levelized Cost of Electricity (LCOE) for Onshore Wind by Country, $/kWh, 2020-2023
Figure 14: Estimated Steam Cracker capacity, by Region Million Tons, 2025, 2030, 2035, and 2040
Figure 15: Average Age of Cracker by Key Economies, Years, 2023
Figure 16: Global Olefins Market Demand Outlook, Million Tons, 2020-2030
Figure 17: Global Aromatics Market Demand Outlook, Million Tons, 2020-2030
Figure 18: Germany Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
Figure 19: Germany Conventional and Solar Electricity Prices, $/kWh, 2019-2023
Figure 20: France Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
Figure 21: France Conventional and Solar Electricity Prices, $/kWh, 2019-2023
Figure 22: Netherlands Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
Figure 23: Netherlands Conventional and Solar Electricity Prices, $/kWh, 2019-2023
Figure 24: Rest-of-Europe Electric Steam Cracker Market (Minimum and Maximum), Million Tons, 2025-2040
Figure 25: Data Triangulation
Figure 26: Top-Down and Bottom-Up Approach
Figure 27: 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 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: Electric Steam Cracker Market (by Region), Million Tons, 2025-2040
Table 13: Europe Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
Table 14: Europe Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
Table 15: Germany Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
Table 16: Germany Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
Table 17: Germany Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
Table 18: France Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
Table 19: France Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
Table 20: France Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
Table 21: Netherlands Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
Table 22: Netherlands Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
Table 23: Netherlands Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040
Table 24: Key Countries in Rest-of-Europe Ethylene Imports and Exports, Kilo Tons and $Million, 2023 and 2022
Table 25: Rest-of-Europe Electric Steam Cracker Market (by End-Use Industry), Million Tons, 2025-2040
Table 26: Rest-of-Europe Electric Steam Cracker Market (by End-Product), Million Tons, 2025-2040

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