Global ethylene market is expected to reach USD 161.61 billion by 2028, at a CAGR of 8.3% from 2021 to 2028. Global Ethylene market is witnessing a considerable growth owing to the rising demand for ethylene products from the construction industry and packaging industries.
Ethylene is a hydrocarbon having formula C2H4 or H2C=CH2. This is a colourless, flammable gas with slightly sweet and musky odour, when pure. Ethylene is widely used in the chemical industry as well as feedstock. It is derived from natural gas and petroleum. Ethylene is the first identified plant hormone, responsible for regulating numerous process in plant growth, development and trigger accordingly to biotic and abiotic stress. Ethylene is well known for its effect on fruit ripening and organ abscission, and so has abundant commercial importance in agriculture. Ethylene is mainly used as a feedstock in the manufacturing of different chemical compounds including ethylene oxide, ethylene benzene, polyethylene, vinyl acetate, and alpha-olefins. The spinoffs of these compounds are used in industrial applications such as agrochemicals, automotive, packaging, detergents & soaps, and construction & textiles. The surge in demand for ethylene derivatives in packaging is the key factor driving the growth of the ethylene market. The soaring demand for ethylene products from the construction industry is another factor driving the growth of this market. Increasing application of the ethylene end product such as ethylene dichloride, polyethylene, and ethylbenzene also boost the growth of this market. Moreover, the requirement from automotive applications is expected to motivate the growth of the ethylene market. However, fluctuating prices of crude oil which is essential for the production of ethylene and its derivate, as well as the strict government regulations regarding the production of ethylene, are the main restraining factor of the ethylene market. Also, the use of coal as the feedstock to produce ethylene by many countries is generating more growth opportunities in this market. Linear low-density polyethylene (LLDPE) and Low-density polyethylene (LDPE) are required for manufacturing pharmaceutical & squeeze bottles, trash bags, caps & closures, films for frozen food & dry goods packaging, and laminations. High-density polyethylene (HDPE) is utilized in the applications such as trays, crates, bottles for milk and fruit juices, caps for drums, jerry cans, food packaging, and industrial bulk containers among others. HDPE is also used by extruding it into pipes for water, gas and irrigation, and film for carrier bags, refuse sacks and industrial lining.
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Many countries are using coal as the feedstock to produce ethylene. In many countries like China, it is increasingly used as a raw material for making polyester fibre and resin. China uses coal for the production of polyolefins, liquid fuels etc. So coal as a feedstock produces ethylene which can be used in many applications.
Polyethylene and Plastic materials like polyvinyl chloride (PVC) are in great demand by the construction industry. This also helps in decreasing the sound pollution level and can be easily cleaned. Commonly made up of polyvinyl chloride (PVC), CPVC, acrylonitrile butadiene styrene (ABS) or polyethylene, plastic pipes are flexible and very light in weight, making them easy to install. All of these plastic materials are also highly chemical and water-resistant, making them suitable for many extreme environments. These are some the factors driving the ethylene market.
The increase in the demand for automobiles are driving automotive industries. This has increases the sales of many parts used in automobile such as tires, cushion, screen, wiper arm, bumpers etc. which are made up of good quality plastics. This increase in sales would, in turn, drive the ethylene market.
The fluctuating prices of crude oil which is essential for the production of ethylene and its derivate are the major restraint for the market as this affects the production of ethylene and its derivatives, and so also its price according to its requirement by various segments of the market. So fluctuating prices of crude oil are restraining the market.
Polyethylene is the major derivative that is used in packaging in the form of low-density, linear low-density (LDPE) and high density (HDPE). They are also used in making films and articles for large industrial use, and residential purposes other than packaging and these are the major drivers for the market. They are in high demand by the pharmaceutical industry for making squeezing bottles, caps, syrup bottles. They are widely used in the making of trash bags, in dry fruits packaging and in laminations. These are the factors driving this market and will drive the market in the forecasting period.
Stringent government policy and norms regarding the production and use of ethylene are acting as main restraint for the market. More emphasis is given on the use of bio-based ethylene which uses biomass as a feedstock and also the organization has to follow all the guidelines and safety standards for the workers. The government has strict regulation for the industries to contain the air pollution and to reduce harmful emission of greenhouse gas.
The global Ethylene market has been segmented based on feedstock, application end userand regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region emerged as the largest market for the Ethylene market, with a market share of around 32.48% in 2020.
Asia Pacific Ethylene Market Share in 2020- USD 32.48%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global ethylene industry.
In 2018, Exxon Mobil and Saudi Basic Industries Corporation (SBIC) had an agreement for a joint venture to begin construction of the world’s largest ethylene production plant, estimated at $1.4 billion.
In July 2019, ExxonMobil started producing on a new high-performance polyethylene line at its Beaumont, Texas polyethylene plant. This has increased the capacity of the plant by 65 per cent or 650,000 tons per year, which has brought site capacity to nearly 1.7 million tons per year.
As per The Brainy Insights, the size of the ethylene market was valued at USD 81.34 billion in 2020 and is anticipated to reach USD 161.61 billion by 2028.
Global ethylene market is growing at a CAGR of 8.3% during the forecast period 2021-2028.
The global Ethylene market has been segmented based of feedstock, application end user and regions. Naphtha is the leading feedstock segment of the global ethylene market in 2020.
The Asia Pacific region emerged as the largest market for the ethylene.
Using coal as the feedstock to produce ethylene is the key driving factor for the ethylene market.
Fluctuating prices of crude oil may hamper the market growth.
The increasing demand for ethylene derivatives in packaging will provide huge opportunities to the market.
Key players are Saudi Basic Industries Corp. Exxon Mobil Corporation, Dow DuPont Inc., Royal Dutch Shell plc, China Petroleum & Chemical Corporation.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Feedstock
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By End User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Using coal as the feedstock to produce ethylene
5.2.2. The rising demand for ethylene products from the construction industry
5.2.3. Demand from automotive applications
5.3. Restrains
5.3.1. Fluctuating prices of crude oil
5.4. Opportunities
5.4.1. The increasing demand for ethylene derivatives in packaging
5.5. Challenges
5.5.1. Strict government regulations
6. Global Ethylene Market Analysis and Forecast, By Feedstock
6.1. Segment Overview
6.2. Naphtha
6.3. Ethane
6.4. Propane
6.5. Butane
6.6. Others
7. Global Ethylene Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Polyethylene
7.3. Ethylene Oxide
7.4. Ethyl Benzene
7.5. Ethylene Dichloride
7.6. Others
8. Global Ethylene MarketAnalysis and Forecast, By End User
8.1. Segment Overview
8.2. Building & Construction
8.3. Automotive
8.4. Textiles
8.5. Packaging
8.6. Agrochemicals
9. Global Ethylene MarketAnalysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Ethylene Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in GlobalEthylene Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Saudi Basic Industries Corp
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Exxon Mobil Corporation
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Dow DuPont Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Royal Dutch Shell plc
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. China Petroleum & Chemical Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Chevron Phillips Chemical Company LLC
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. LyondellBasell Industries N.V.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. The National Petrochemical Company
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. BASF SE
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Lonza Group
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
2. Global Naphtha Ethylene Market, By Region, 2018-2028 (USD Billion)
3. Global Ethane Ethylene Market, By Region, 2018-2028 (USD Billion)
4. Global Propane Ethylene Market, By Region, 2018-2028 (USD Billion)
5. Global Butane Ethylene Market, By Region, 2018-2028 (USD Billion)
6. Global Others Ethylene Market, By Region, 2018-2028 (USD Billion)
7. Global Ethylene Market, By Application, 2018-2028 (USD Billion)
8. Global Polyethylene Ethylene Market, By Region, 2018-2028 (USD Billion)
9. Global Ethylene Oxide, Ethylene Market, By Region, 2018-2028 (USD Billion)
10. Global Ethyl Benzene Ethylene Market, By Region, 2018-2028 (USD Billion)
11. Global Ethylene Dichloride Ethylene Market, By Region, 2018-2028 (USD Billion)
12. Global Others Ethylene Market, By Region, 2018-2028 (USD Billion)
13. Global Ethylene Market, By End User, 2018-2028 (USD Billion)
14. Global Building & Construction Ethylene Market, By Region, 2018-2028 (USD Billion)
15. Global Automotive Ethylene Market, By Region, 2018-2028 (USD Billion)
16. Global Textiles Ethylene Market, By Region, 2018-2028 (USD Billion)
17. Global Packaging Textiles Ethylene Market, By Region, 2018-2028 (USD Billion)
18. Global Agrochemicals Ethylene Market, By Region, 2018-2028 (USD Billion)
19. Global Ethylene Market, By Region, 2018-2028 (USD Billion)
20. Global Ethylene Market, By North America, 2018-2028 (USD Billion)
21. North America Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
22. North America Ethylene Market, By Application, 2018-2028 (USD Billion)
23. North America Ethylene Market, By End User, 2018-2028 (USD Billion)
24. U.S. Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
25. U.S. Ethylene Market, By Application, 2018-2028 (USD Billion)
26. U.S. Ethylene Market, By End User, 2018-2028 (USD Billion)
27. Canada Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
28. Canada Ethylene Market, By Application, 2018-2028 (USD Billion)
29. Canada Ethylene Market, By End User, 2018-2028 (USD Billion)
30. Mexico Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
31. Mexico Ethylene Market, By Application, 2018-2028 (USD Billion)
32. Mexico Ethylene Market, By End User, 2018-2028 (USD Billion)
33. Europe Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
34. Europe Ethylene Market, By Application, 2018-2028 (USD Billion)
35. Europe Ethylene Market, By End User, 2018-2028 (USD Billion)
36. Germany Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
37. Germany Ethylene Market, By Application, 2018-2028 (USD Billion)
38. Germany Ethylene Market, By End User, 2018-2028 (USD Billion)
39. France Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
40. France Ethylene Market, By Application, 2018-2028 (USD Billion)
41. France Ethylene Market, By End User, 2018-2028 (USD Billion)
42. U.K. Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
43. U.K. Ethylene Market, By Application, 2018-2028 (USD Billion)
44. U.K. Ethylene Market, By End User, 2018-2028 (USD Billion)
45. Italy Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
46. Italy Ethylene Market, By Application, 2018-2028 (USD Billion)
47. Italy Ethylene Market, By End User, 2018-2028 (USD Billion)
48. Spain Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
49. Spain Ethylene Market, By Application, 2018-2028 (USD Billion)
50. Spain Ethylene Market, By End User, 2018-2028 (USD Billion)
51. Asia Pacific Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
52. Asia Pacific Ethylene Market, By Application, 2018-2028 (USD Billion)
53. Asia Pacific Ethylene Market, By End User, 2018-2028 (USD Billion)
54. Japan Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
55. Japan Ethylene Market, By Application, 2018-2028 (USD Billion)
56. Japan Ethylene Market, By End User, 2018-2028 (USD Billion)
57. China Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
58. China Ethylene Market, By Application, 2018-2028 (USD Billion)
59. China Ethylene Market, By End User, 2018-2028 (USD Billion)
60. India Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
61. India Ethylene Market, By Application, 2018-2028 (USD Billion)
62. India Ethylene Market, By End User, 2018-2028 (USD Billion)
63. South America Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
64. South America Ethylene Market, By Application, 2018-2028 (USD Billion)
65. South America Ethylene Market, By End User, 2018-2028 (USD Billion)
66. Brazil Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
67. Brazil Ethylene Market, By Application, 2018-2028 (USD Billion)
68. Brazil Ethylene Market, By End User, 2018-2028 (USD Billion)
69. Middle East and Africa Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
70. Middle East and Africa Ethylene Market, By Application, 2018-2028 (USD Billion)
71. Middle East and Africa Ethylene Market, By End User, 2018-2028 (USD Billion)
72. UAE Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
73. UAE Ethylene Market, By Application, 2018-2028 (USD Billion)
74. UAE Ethylene Market, By End User, 2018-2028 (USD Billion)
75. South Africa Ethylene Market, By Feedstock, 2018-2028 (USD Billion)
76. South Africa Ethylene Market, By Application, 2018-2028 (USD Billion)
77. South Africa Ethylene Market, By End User, 2018-2028 (USD Billion)
List of Figures
1. Global Ethylene Market Segmentation
2. Ethylene Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Ethylene Market Attractiveness Analysis By Feedstock
9. Global Ethylene Market Attractiveness Analysis By Application
10. Global Ethylene Market Attractiveness Analysis By End User
11. Global Ethylene Market Attractiveness Analysis By Region
12. Global Ethylene Market: Dynamics
13. Global Ethylene Market Share By Feedstock (2021 & 2028)
14. Global Ethylene Market Share By Application (2021 & 2028)
15. Global Ethylene Market Share By End User(2021 & 2028)
16. Global Ethylene Market Share by Regions (2021 & 2028)
17. Global Ethylene Market Share by Company (2020)
This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global Ethylene market on the basis of below mentioned segments:
Global Ethylene Market by Feedstock:
Global Ethylene Market by Application:
Global Ethylene Market by End User:
Global Ethylene Market by Region:
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