Global Ethylene Market Worth USD 230 Billion by 2025 | Key Players: LyondellBasell Industries N.V., INEOS, Total S.A., Chevron Phillips Chemical Company LLC.

Applications in various industries support the Global Ethylene Market:

Ethylene is a colorless flammable gas with a musky odor. It is the simplest alkene and the unsaturated hydrocarbon after acetylene. It is widely used in agriculture as a vegetable hormone for the ripening of the fruit; It is also used in the chemical industry to produce ethylbenzene, polyethylene, ethylene dichloride and ethylene oxide, and others. Methods of ethylene production include steam cracking of paraffinic hydrocarbons or separation of refinery gas. Industrial reactions of ethylene include alkylation, halogenation, polymerization, oxidation, hydrohalogenation and the like.
The ethylene market is expected to grow at a compound annual growth rate of XX% in 2014-2020 and the market valuation is expected to reach USD 230 billion by the end of the forecast period.

Global Ethylene Market Drivers and Restraints:

The growth in the ethylene market is mainly due to its significant applications in several final industries, such as packaging, construction and automotive. The commercial production of ethylene in large quantities by the oxydehydrogenation catalytic process has had a positive impact on market growth. The growing number of applications of different types of polyethylene, such as linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE) in the manufacture of certain packaging products, has stimulated the ethylene market in all regions.

Ethylene is widely used in the manufacture of containers, drums, pipes and films. It is expected that the growing packaging industry in various developing and developed regions will catalyze the market. There is a growing global demand for ethylene oxide derivatives such as ethylene glycol and polyester fibers in the manufacture of plastic products, particularly bottles. This has reinforced the absorption of ethylene. The use of ethylene oxide in the manufacture of various industrial chemicals has gained popularity in the petrochemical industry, further increasing the growth of the ethylene market. However, recent volatility in oil prices in major regions and regulatory concerns related to the toxic effects of certain ethylene derivatives are key factors that can hamper market growth. However, it is expected that new applications of ethylene in the production of a large amount of useful industrial chemicals will open attractive prospects for manufacturers in the coming years.

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Global Ethylene Market Geographical segmentation:
At the regional level, the market is segmented in North America, Europe, Latin America, Middle East and Africa (MEA) and Asia-Pacific. Of these, Asia Pacific is the largest regional market and is expected to maintain its dominant position throughout the forecast period. A large demand for ethylene is expected to come from countries such as India, China, Thailand, Malaysia, and Vietnam. This is attributed to the substantial applications of ethylene in many end-user industries.

Based on the application, the market is segmented into ethylene oxide, polyethylene, ethylene benzene, vinyl acetate, alpha-olefins, and ethylene dichloride. Of these, the ethylene oxide segment is expected to grow at a maximum annual growth rate during the forecast period. The demand for ethylene oxide can be explained by its substantial application in the production of ethylene derivatives, mainly used in the manufacture of plastics.

Global players are constantly boosting their production capacities to gain a competitive edge in the market. Some of the leading players operating in the ethylene market are LyondellBasell Industries N.V., INEOS, Total S.A., Chevron Phillips Chemical Company LLC, Sinopec Limited, Royal Dutch Shell plc., Exxon Mobil Corporation, The Dow Chemical Company, and SABIC.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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