Ethylene Market | Key Players are Industries Corporation (SABIC), Exxon Mobil Corporation, The Dow Chemical Company, Royal Dutch Shell, China Petroleum & Chemical Corporation

Ethylene is the raw material derived from various hydrocarbons, which are largely used in the manufacturing of polymers such as fibers, polymer plastics and other organic chemicals. These products are widely used in construction, transportation, packaging, and many industrial and consumer markets, includes electrical/electronic, textiles, coatings & adhesives, and consumer chemicals.

Ethylene is derived from various feedstocks, among which naphtha and ethane are the dominant feedstocks used to produce ethylene globally. In 2016, these two feedstocks have together accounted for 84% of total ethylene production. The other feedstocks, namely, butane, propane, coal, methanol to olefins (MTO), and gas oil are also paving their way in the ethylene production. The production cost of ethylene varies a lot depending upon the feedstock prices. Currently, ethane is considered as the lot cheaper, effective and dominant feedstock for the production of ethylene in North America, and Middle East regions. North America, being the largest producer of natural gas in the world due to its vast shale gas reserves is producing ethylene in much lower cost among other regions. Also, Saudi Arabia is also using ethane as the feedstock in some plants and is able to produce ethylene in just approximately US$ 50 per metric ton. Furthermore, naphtha is the dominant feedstock used for the production of ethylene in Asia-Pacific and Western Europe regions. The production cost of ethylene with naphtha as a feedstock is much higher than other feedstocks. Due to which, China, one of the dominant ethylene producers in the world, has started producing ethylene by using coal in some of its ethylene plants.

Download PDF Brochure at :
https://www.coherentmarketinsights.com/insight/request-pdf/371

The global Ethylene market was valued at US$ 107.65 billion and 146.6 million metric tons in 2016 and is expected to expand at a CAGR of 8.7% in terms of revenue and 5.3% in terms of volume during 2017 – 2025.

Ethylene Oxide has emerged as the fastest growing derivative for ethylene market

Ethylene oxide derivative segment is expected to be the fastest-growing derivative in the ethylene market over the forecast period. The ethylene oxide is largely used as a raw-material to manufacture ethylene glycol. The various monoethylene glycol (MEG) compounds are used to manufacture polyester fibers for textile applications, PET resins for bottles and polyester film, and in various antifreeze applications. The other derivatives of ethylene oxide includes ethoxylates is largely used in kitchen cleaners, shampoos, etc., glycol ethers which is mostly used in fuels, solvents, etc., and ethanolamines which has find its vast use in personal care products, surfactants, etc. This in turn is making ethylene oxide as the fastest-growing derivative in ethylene market, globally.

Asia Pacific, North America, Middle East and Europe accounted for major share in the global ethylene market both in terms of revenue and volume in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Asia Pacific held a share of 31.7% in terms of volume.

Multinational players

Major players in the global ethylene market includes Saudi Basic Industries Corporation (SABIC), Exxon Mobil Corporation, The Dow Chemical Company, Royal Dutch Shell plc, China Petroleum & Chemical Corporation (Sinopec Corporation), Chevron Phillips Chemical Company LLC, Total S.A., LyondellBasell Industries, National Petrochemical Company (NPC), and INEOS Group AG.

Talk to Analyst :
https://www.coherentmarketinsights.com/insight/talk-to-analyst/371

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services and competitive analysis through various recommendations related to emerging market trends, technologies and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.