The Global Heavy Raw Pyrolysis Gasoline Market was valued at USD 8.4 Billion in 2025 and is projected to reach USD 12.1 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period (2024–2034). This growth is being driven by increasing demand for plastics and polymers, rising petrochemical production, and the accelerating adoption of circular economy principles across the chemical and refining sectors.

As the petrochemical industry transforms toward efficient resource utilization and sustainable growth, the spotlight is on the key producers who are driving innovation, process optimization, and value chain integration. In this blog, we profile the Top 10 Companies in the Heavy Raw Pyrolysis Gasoline Industry—a mix of chemical giants, refiners, and technology pioneers shaping the future of this essential hydrocarbon stream.

---

🔟 1. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: Pyrolysis Gasoline (Pygas), C9+ Aromatics Streams

Dow is a global leader in materials science and a major producer of heavy raw pyrolysis gasoline as a co-product from its extensive ethylene cracking operations. The company utilizes its integrated production network to upgrade Pygas into high-value chemical intermediates.

Innovation & Sustainability Initiatives:

• Advanced hydrotreatment technologies for Pygas stabilization

• Integration of circular feedstock streams into cracker operations

• Committed to transforming waste plastics into new circular products

Download FREE Sample Report:
Heavy Raw Pyrolysis Gasoline Market – View in Detailed Research Report

---

9️⃣ 2. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Pygas, BTX Extraction, Aromatic Concentrates

LyondellBasell operates one of the world’s largest ethylene production fleets, making it a significant generator of heavy pyrolysis gasoline. The company has advanced capabilities in separating and upgrading Pygas components into benzene, toluene, and xylenes (BTX).

Innovation & Sustainability Initiatives:

• Circulen portfolio for circular and renewable solutions

• Advanced catalytic processes for Pygas valorization

---

8️⃣ 3. SABIC (Saudi Basic Industries Corporation)

Headquarters: Riyadh, Saudi Arabia
Key Offering: Heavy Pygas, Aromatic Rich Feedstocks

SABIC’s massive chemical production complex in Saudi Arabia generates substantial volumes of heavy raw pyrolysis gasoline. The company leverages its scale and integration to optimize Pygas utilization across its product portfolio.

Innovation & Sustainability Initiatives:

• TRUCIRCLE™ portfolio for circular solutions

• Chemical recycling technologies for plastic waste conversion

---

7️⃣ 4. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Pygas Derivatives, Chemical Intermediates

BASF utilizes heavy raw pyrolysis gasoline as a key feedstock for its extensive chemical intermediates portfolio. The company’s Verbund (integrated production) system enables efficient processing of Pygas streams into higher-value products.

Innovation & Sustainability Initiatives:

• ChemCycling™ project for chemical recycling of plastic waste

• Advanced catalyst development for Pygas processing

Download FREE Sample Report:
Heavy Raw Pyrolysis Gasoline Market – View in Detailed Research Report

---

6️⃣ 5. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Pyrolysis Gasoline, Aromatic Extracts

ExxonMobil’s integrated refining and chemical operations produce significant quantities of heavy raw pyrolysis gasoline. The company employs advanced hydroprocessing technologies to stabilize Pygas and extract maximum value from its components.

Innovation & Sustainability Initiatives:

• Advanced recycling technology for plastic waste

• Committed to circular economy solutions for hydrocarbons

---

5️⃣ 6. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Pygas Streams, Chemical Feedstocks

Shell’s global chemical operations generate substantial pyrolysis gasoline volumes from its steam crackers. The company focuses on optimizing Pygas value through integrated processing and market-driven product strategies.

Innovation & Sustainability Initiatives:

• Investment in chemical recycling technologies

• Circular feedstock integration initiatives

---

4️⃣ 7. Chevron Phillips Chemical Company

Headquarters: The Woodlands, Texas, USA
Key Offering: Heavy Pygas, Aromatic Concentrates

Chevron Phillips Chemical operates world-scale ethylene crackers that produce significant volumes of pyrolysis gasoline. The company has extensive experience in Pygas processing and derivative production.

Innovation & Sustainability Initiatives:

• Marlex Anew Circular Polyethylene from advanced recycling

• Sustainability commitments for plastic circularity

---

3️⃣ 8. INEOS

Headquarters: London, United Kingdom
Key Offering: Pyrolysis Gasoline, Chemical Intermediates

INEOS operates a global network of chemical production assets that generate substantial Pygas streams. The company focuses on maximizing value through integrated processing and strategic market positioning.

Innovation & Sustainability Initiatives:

• INEOFINER™ technology for chemical recycling

• Circular economy investments across operations

---

2️⃣ 9. Formosa Plastics Corporation

Headquarters: Taiwan
Key Offering: Heavy Pygas, Aromatic Products

Formosa Plastics operates extensive petrochemical complexes that produce significant pyrolysis gasoline volumes. The company utilizes integrated processing to extract maximum value from Pygas components.

Innovation & Sustainability Initiatives:

• Investment in circular economy technologies

• Sustainable production process optimization

---

1️⃣ 10. Reliance Industries Limited

Headquarters: Mumbai, India
Key Offering: Pygas Streams, Chemical Feedstocks

Reliance operates one of the world’s largest refining and petrochemical complexes, generating substantial pyrolysis gasoline volumes. The company’s scale and integration enable efficient Pygas valorization.

Innovation & Sustainability Initiatives:

• Commitment to carbon neutrality by 2035

• Investment in circular economy and recycling technologies

Get Full Report Here:
Heavy Raw Pyrolysis Gasoline Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Heavy Raw Pyrolysis Gasoline Is Circular and Integrated

The heavy raw pyrolysis gasoline market is undergoing a significant transformation. While traditional petrochemical applications still dominate, the industry is increasingly focused on circular economy principles, advanced processing technologies, and integration with chemical recycling streams.

📈 Key Trends Shaping the Market:

• Growing demand for aromatic chemicals driving Pygas valorization

• Integration of chemically recycled feedstocks into pyrolysis gasoline streams

• Advanced hydrotreatment and separation technologies improving product quality

• Regional capacity expansions in Asia and Middle East driving market growth

Get Full Report Here:
Heavy Raw Pyrolysis Gasoline Market – View in Detailed Research Report

The companies listed above are not only producing essential petrochemical feedstocks—they’re pioneering the sustainable transformation of the chemical industry.