Global Ethylene Market, By Feedstock (Naphtha, Ethane, Propane, Butane, Others), Application (Polyethylene, Ethylene Oxide, Ethylene Benzene, Ethylene Dichloride, Ethylene Glycol, Vinyl Acetate, Alpha Olefins, High Density polyethylene (HDPE), Low Density Polyethylene (LDPE), Others), End User (Packaging, Automotive, Building and Construction, Agrochemical, Textile, Chemicals, Rubber and Plastics, Soaps and Detergents, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Ethylene Market
The ethylene market is estimated to grow at a compound annual growth rate of 9.45% for the forecast period of 2021 to 2028. Data Bridge Market Research report on ethylene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Ethylene is a type of colorless flammable gases which generally have sweet and unpleasant taste and smell. They are generally derived from natural gas and petroleum and are broadly used to heal aging and ripening process in plants. They are also used for polymerization, oxidation, hydration, alkylation, halogenation and hydro-halogenation and others.
The rapid shift in the inclination towards the use of bio-based ethylene is likely to influence the growth of the ethylene market. In line with this, the rapid increase investment in construction and infrastructural development and rise in the working population across the globe has resulted in a demand for packaged food beverages are also acting as a key determinant which will favor the growth of the ethylene market over the forecast period of 2021 to 2028. Furthermore, the high demand for the polyethylene in the construction industry and rapid urbanization are also expected to positively impact the growth of the ethylene market. The major factor which is expected to forward the growth of the market is the high demand for ethylene oxide for the manufacturing of plastics.
However, the fluctuation in the price of raw material and stringent government rules related to the use of ethylene are expected to act as key restraint towards ethylene market growth rate in the forecast period of 2021 to 2028. Whereas, the presence of substitutes in the market are expected to challenge the growth of the ethylene market in the above mentioned forecast period.
Furthermore, the rapid technological innovations, high demand of ethylene from various end users and developments and high demand for polyethylene-based products are expected to offer a variety of growth opportunities for the ethylene market in the above mentioned forecast period.
This ethylene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the ethylene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ethylene Market Scope and Market Size
The ethylene market is segmented on the basis of feedstock, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on feedstock, the ethylene market is segmented into naphtha, ethane, propane, butane and others.
- The application segment for ethylene market is segmented into polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, ethylene glycol, vinyl acetate, alpha olefins, high density polyethylene (HDPE), low density polyethylene (LDPE) and others.
- On the basis of end user, the ethylene market is segmented into packaging, automotive, building and construction, agrochemical, textile, chemicals, rubber and plastics, soaps and detergents and others.
Global Ethylene Market Country Level Analysis
The ethylene market is analyzed and market size, volume information is provided by country, feedstock, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the ethylene market because of the rapid expansion of end-use industries such as packaging, automotive, construction, agrochemical, textile and others as well as the rapid industrialization and urbanization in emerging economies associated with the presence of major agricultural countries. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the high demand for the automobiles from the consumers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ethylene Market Share Analysis
The ethylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ethylene market.
The major players covered in the ethylene market report are DuPont, BASF SE, Exxon Mobil Corporation, Chevron Phillips Chemical Company LLC, Formosa Plastics Corporation, U.S.A., INEOS AG, Sasol, Royal Dutch Shell, SABIC, LyondellBasell Industries Holdings B.V., Westlake Chemical Corporation, Braskem, Mitsubishi Chemical Corporation, Huntsman International LLC, Uz-Kor Gas Chemical, Praxair Technology, Inc., The Linde Group, NOVA Chemicals Corporate, Dycon Chemicals., and NIPPON SHOKUBAI CO., LTD., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.