Ethylene Market by Product Type, Revenue, Market Share And Growth Rate By 2023

Posted by Priya on April 23rd, 2018

Ethylene is a hydrocarbon gas which possesses a sweet smell and imparts corrosion and abrasion resistance features to the final product. Owing to these factors, they are used in the heavy end industries such as packaging, automotive, construction, agrochemical, textile, and others. The global ethylene market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading, owing to the increasing consumption of plastics in packaging, automotive, construction, agrochemical, textile, and others.

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Competitive Analysis

Some of the well-known players operating in the global ethylene market are SABIC (Saudi Arabia), DowDuPont (U.S), Exxon Mobil Corporation (U.S.), Royal Dutch Shell plc (the Netherlands), China Petrochemical Corporation (China), Total SA (Italy), Chevron Phillips Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (the Netherlands), National Petrochemical Company (Iran), and Ineos (Switzerland), among others.

It is estimated that the packaging segment is set to observe the highest CAGR in the market due to growing use of thermoplastics in containers, molded bottles, and other applications. The increasing demand for lightweight materials in construction & buildings, aviation sectors have propelled the market to witness a rapid growth during the forecast period. These factors led to China, Japan and India to be the leading players in this region.

Intended Audience

• Ethylene  market manufacturers
• Traders and Distributors of Ethylene  market
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory 

Among the various segments in ethylene market, the polyethylene segment has witnessed a significant growth due to its extensive use in plastic bags, plastic films, geomembranes, and others. It is estimated that the ethylene oxide segment is set to grow at a higher CAGR on account of increasing demand for the product in automotive coolants, industrial coolants, detergents, and others. It is widely used as an intermediate in the production of flexible and rigid polyurethane foams, brake fluids, water-soluble solvents, and others. The market by application is segregated into packaging, automotive, construction, agrochemical, textile, and others. The packaging segment is projected to expand at a significant rate due to extensive consumption of thermoplastics and polyurethanes in packaging bags and tubing, extruded packaging films, and others.

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These materials increase the efficiency and add to the performance of the final product. The automotive industry is set to grow at a higher rate owing to the growing consumption of the product in brakes, clutches, seats, and others. It is mainly used to impart low-density nature, processing ease, and safety to the final product. Moreover, it is predicted that the construction and textile segments are set to grow at a rapid rate on account of extensive use of thermoplastics in the respective sectors