Global Ethylene Market Expected to Retain Dominance & Grow at an Encouraging CAG

Posted by Priya on July 27th, 2018

Ethylene Market Overview to 2023

Ethylene belongs to a class of organic compounds that contain carbon-carbon double bonds. The product is obtained from petroleum or natural gas in the form of flammable gas. It is colorless in nature with a characteristic sweet smell. Moreover, its lightweight nature, flexibility, and durable nature are the important trends and factors promoting the market positively. Therefore, they are used in various applications such as packaging, automotive, construction, agrochemical, textile, and others.

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Ethylene Market- Top 10 Global key Players & Their Strategy

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),
• Ineos (Switzerland), among others.

Segmentation Analysis

The global ethylene market is segmented into application and end-use. On the basis of the application, the market is segregated into polyethylene, ethylene oxide, ethylene benzene, and ethylene dichloride segments. The market by the end-use is further categorized into packaging, automotive, construction, agrochemical, textile, and others.

Intended Audience

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

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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. 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.