Ethylene is used in the chemical industry, and most of it goes toward polyethylene, which is a widely used plastic containing polymer chains of ethylene units in various chain lengths. It is also an important natural plant hormone and is used in agriculture to force the ripening of fruits.
The global Ethylene market is forecast to reach USD 168.37 Billion by 2027, according to a new report by Reports and Data. Ethylene is a monomer derived from petrochemical, which finds several use in end-use products, including fibers, and plastics. Ethylene is also very useful in manufacturing organic chemicals.
Key participants include Exxon Mobil Corporation, Chevron Philips Chemical Company LLC, The Dow Chemical Company, Saudi Basic Industries Corporation, Sinopec Corporation, Lyondell Basell Industries, Royal Dutch Shell plc. INEOS Group AG, Lonza Group, and BASF SE, among others.
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Ethylene is the lightest olefin hydrocarbon with naphtha and ethane as major sources. The factors contributing to the growth of the market are the expansion of the food industry and high demand for polyethylene. High demand for aseptic packaging in beverage industries is driving the growth of the market. Ethylene is one of the most important organic chemicals by volume. It is the building block for a vast range of chemicals, from antifreeze solutions and solvents to plastics.
China is investing heavily in steam crackers, which is driven by the healthy margins of the ethylene industry. The liberalization of the market in the region has made it possible for private companies to invest, along with state-owned producers. This change in the pattern of ownership has amplified the investment as producers are seeking to benefit from the high profit of the ethylene market.
In 2018, Saudi Basic Industries Corporation (SBIC) and Exxon Mobil in a joint venture-initiated construction of world’s largest ethylene production plant, estimated at USD 1.4 billion.
The study offers valuable insights into the regional landscape of industry verticals, coupled with the established companies that have gained a substantial position in the industry.
Summary of the Global Ethylene Market:
- The report offers an in-depth analysis of the regional landscape
- A comprehensive overview of the competitive landscape
- A detailed outline of the market segmentation
Detailed Analysis of the Regional Segmentation:
The report analyses the regional market of this industry through extensive study. The global Ethylene market has established its base in the key regions of the world. These key regions cover areas such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa.
The report includes valuable insights pertaining to the industry shares and market position as per the market share occupied by these geographies. Additionally, the report also offers the upcoming growth opportunities and prospects for the key players of the industry in these key regions. It also offers the expected growth rate that the industry is anticipated to register over the forecast timeline.
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The Ethylene market research report comprises of a comprehensive evaluation of the competitive landscape of the business sphere. It elaborates on the breakdown of the competitive scenario of the Ethylene industry and offers key insights into the companies’ profiles, product portfolio, strategic alliances, expansion plans, and technological advancements and product developments.
The report offers insights into substantial information about the market share and market size held by the prominent players along with the information about production sites and manufacturing facilities. Moreover, it offers key insights about their production and manufacturing capacity, product offerings, expansion plans, application spectrum, and revenue contribution. It also offers insights into gross revenue, profit margin, market share, market size, supply and demand ratio, and import/export. Thorough SWOT analysis and Porter’s Five Forces analysis are performed for each player to garner insightful data about their market position and financial standings.
Outline of the Ethylene Market Segmentation:
The Ethylene industry is further segmented based on types, applications, end-user industries, and technologies, among others, to provide a better understanding of the Ethylene industry.
Feedstock Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Ethylene Oxide
- Ethyl Benzene
- Ethylene Dichloride
End-Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Building and Construction
The segmentation section covers detailed market share analysis for each product and application along with an accurate projection of the market growth during the forecast period. The report also explains in detail about the consumption rate of each product and application, along with an anticipated growth rate over the forecast period.
Further key findings from the report suggest
- The automotive sector is increasingly demanding Ethylene to increase the use of plastic components to reduce weight and achieve minimum emissions. The automotive segment is forecasted to grow with a CAGR of 5.9% during the forecast period.
- The increase in the number of construction activities all across the globe has increased the demand for high-density polyethylene (HDPE) resins in the manufacture of pipes, telephone ducts, electrical boxes, and plumbing. The growth in the construction sector has also increased the demand for HDPE for other applications such as geosynthetics, storage tanks, and decorative items.
- Ethylene is produced by the thermal cracking of naphtha which is an energy-intensive process (up to 40 GJ heat per tonne ethylene), leading to significant formation of coke and nitrogen oxide (NOx), along with 1.8–2 kg of carbon dioxide (CO2) emission per kilogram of ethylene produced.
- APAC will lead the demand for ethylene market as countries like China and India exhibit a strong demand for plastics. An increase in the purchasing power of consumers, rapid advancement in technology, and high penetration of electronics in these industries are driving the demand of the market product in the region…Continued
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