Ethylene Market latest trends Analysis including Top Key Player’s Saudi Basic Industries Corporation (SABIC), Exxon Mobil Corporation, The Dow Chemical Company, Royal Dutch Shell plc, China Petroleum & Chemical Corporation

Ethylene is the lightest olefinic hydrocarbon or organic hydrocarbon is the basic raw material generally derived from various hydrocarbons which are largely used in the manufacturing of polymers such as fibers, polymer plastics and other organic chemicals. Naphtha and ethane are the major feedstocks used to produce ethylene globally. The other feedstocks used in manufacturing ethylene are butane, propane, coal, methanol to olefins (MTO) and gas oil.

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Ethylene is the raw material which is used in the manufacture of various derivatives such as polyethylene, ethylene oxide, ethylene dichloride and other derivatives, namely, ethyl benzene, vinyl acetate, alpha olefins, etc. Polyethylene is estimated to be the largest derivative segment and has accounted for over 60% in the global ethylene market. Polyethylene is widely used in the manufacturing of various key derivatives, namely, high density polyethylene (HDPE), low density polyethylene (LDPE), linear low density polyethylene (LLDPE), cross-linked polyethylene (PEX), and many more. These derivatives are largely used in food & non-food packaging, shrink & elastic films, extruded pipes, and molding applications. Hence, the growing polyethylene market in developing regions such as Asia Pacific, Latin America, and Middle East regions is making polyethylene as the largest derivative segment in the ethylene market.

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.

Regional Insights

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. The growing demand for ethylene for the production polyethylene which is largely used in packaging, pipes, and shrinks & elastic films applications.

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.

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This release was published on openPR.