Ethylene Market: Extensive Use of Polyethylene in Making Packaging Products to Bolster Uptake, notes TMR

Growing demand for ethylene in the rapidly expanding packaging, construction and automotive end-user segments is anticipated to drive the global ethylene market in the next few years. The mass production of ethylene through the process of catalytic oxydehydrogenation is prophesized to act as an opportunity for the ethylene market in the next few years.

As per expert analysts, the global ethylene market is projected to register revenue worth US$234.2 by 2020, which is a decent increase from the initial revenue worth US$156 bn that was achieved in 2013. This growth is expected to occur at a healthy CAGR of 6.05% during the forecast period from 2014 to 2020.

For More Industrial Insights Get PDF Brochure:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2205

Packaging Emerges As a Winning Segment in the Global Ethylene Market

The global ethylene market is mainly segregated on the basis of few factors such as application, end user and region. Under applications, polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, vinyl acetate, and alpha olefins, are key segments present in the global ethylene market. Under end-users, packaging, automotive, construction, agrochemical, textile, and soaps & detergents, are chief segments comprising the market.

Under applications, polyethylene was used extensively in the production of plastic, and progressed at the topmost growth pace in the global ethylene market, by accounting for more than 50% of the total market share in 2013. However, ethylene oxide is expected to grow at a rampant speed in the applications category of the global ethylene market in the near future. The rapid growth in the ethylene oxide application segment can be mainly attributed to the increasing consumption of its derivative called ethylene glycol used for the production of plastics for making bottles.

In terms of end users, packaging emerged as a leading segment of the ethylene market by bagging a share of more than 30% in 2013. The extensive utilization of different forms of polyethylene such as PVC, low density polyethylene (LDPE), linear low density polyethylene (LLDPE), and high density polyethylene (HDPE) for the manufacturing of packaging application products is expected to drive the global ethylene market during the forecast period.

Request for Customization:
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2205

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

ABOUT US:
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.