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Ethylene Market - Comprehensive Study Explores Huge Growth in Future including Leading Key Players: ExxonMobil Corporation, Dow Dupont, Saudi Basic Industries Corporation (SABIC), Royal Dutch Shell plc, Total S.A., LyondellBasell Industries, and China Pet

11-01-2018 02:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Polaris Market Research & Consulting

/ PR Agency: +1-646-568-9980
Ethylene Market - Comprehensive Study Explores Huge Growth

The global Ethylene Market generated USD 136.67 billion in 2017 and is anticipated to grow at a CAGR of 5.4% during the forecast period.

Ethylene is a petrochemically derived monomer and has numerous applications, which are further applied to many end-use products such a fiber, plastics, and in the production of other organic chemicals. It is one of the lightest olefinic hydrocarbon with ethane and naphtha as major feedstocks.

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Ethylene is a feedstock for manufacturing numerous other derivatives such as ethylene oxide, polyethylene, ethyl benzene, ethylene chloride, vinyl acetate, and few others. Ethylene is among the largest-volume petrochemical produced globally in tandem with a versatile derivative portfolio used in both durable and non-durable end-uses. Polyethylene is the largest derivative produces and has three direct applications including low-density polyethylene, (LDPE), liner low-density polyethylene (LLDPE), and high-density polyethylene (HDPE).

Rising world’s population coupled with the increase in personal income of the consumers has led to growth of many commodity products such as packaging, bio-based PET products, housing inputs, and textile products. Growing construction industry has mainly supported the growth for polyvinyl products, which in turn has driven the consumption for ethylene dichloride. Modernized and lightweight automotive products have also led to steady growth in the consumption of polyvinyl chloride.

The shale gas boom in the United States has substantially influenced the future development of many petrochemical derivatives, including ethylene. With the advent of shale technology in North America, a strong price decline for ethane was witnessed, which led to addition of new ethane crackers. Moreover, ethane cracking yields a higher amount of ethylene as compared to other feedstocks such as propane or naphtha. Technologies such as shale have contributed significantly to the rapid production of ethylene.

Technical developments in terms of manufacturing processes and material science has played a crucial role in the growth of ethylene market. Technical developments such as linear quench exchanger and swirl flow tube (SFT) by TechnipFMC are used for the improved performance concerning capacity, selectivity, and run-length of the furnaces.

Competitive Landscape and Key Vendors
Asia Pacific is the largest regional market for the ethylene demand globally. Southeast Asia and the Indian Subcontinents are the major Asian regions responsible for the rapid growth. This is due to the expansion of downstream businesses such as polyester fiber and manufacturing of PET products. China has the highest market share for ethylene dichloride due to high consumption of ethylene in PVC and vinyl chloride market.

The global ethylene market is highly competitive with high degree of integration across the value chain by many market players. Some of the major market players for ethylene include ExxonMobil Corporation, Dow Dupont, Saudi Basic Industries Corporation (SABIC), Royal Dutch Shell plc, Total S.A., LyondellBasell Industries, and China Petroleum & Chemical Corporation.

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Key Segments

Feedstock Segment
• Naphtha
• Ethane
• Propane
• Butane
• Others

Application Segments
• Polyethylene
• Ethylene Oxide
• Ethyl Benzene
• Ethylene Dichloride
• Others

End-use Segments
• Building & Construction
• Automotive
• Packaging
• Textiles
• Agrochemicals
• Others

Region
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa

About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact us
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com

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