Global Ethylene Market is estimated to reach USD 136.67 Billion by 2026

Ethylene belongs to a class of organic compounds that contain carbon-carbon double bonds. The product is obtained from petroleum or natural gas in the form of flammable gas. It is colorless in nature with a characteristic sweet smell. Moreover, its lightweight nature, flexibility, and durable nature are the important trends and factors promoting the market positively. Therefore, they are used in various applications such as packaging, automotive, construction, agrochemical, textile, and others.

Among the various segments in ethylene market, the polyethylene segment has witnessed a significant growth due to its extensive use in plastic bags, plastic films, geomembranes, and others. It is estimated that the ethylene oxide segment is set to grow at a higher CAGR on account of increasing demand for the product in automotive coolants, industrial coolants, detergents, and others. It is widely used as an intermediate in the production of flexible and rigid polyurethane foams, brake fluids, water-soluble solvents, and others. The market by application is segregated into packaging, automotive, construction, agrochemical, textile, and others.

Request For Free Sample-https://www.kennethresearch.com/sample-request-10070766

The packaging segment is projected to expand at a significant rate due to extensive consumption of thermoplastics and polyurethanes in packaging bags and tubing, extruded packaging films, and others. These materials increase the efficiency and add to the performance of the final product. The automotive industry is set to grow at a higher rate owing to the growing consumption of the product in brakes, clutches, seats, and others. It is mainly used to impart low-density nature, processing ease, and safety to the final product. Moreover, it is predicted that the construction and textile segments are set to grow at a rapid rate on account of extensive use of thermoplastics in the respective sectors

Regional Analysis
The ethylene market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market due to the growing adoption of lightweight metal in packaging, automotive, construction, and others. The packaging segment holds the major portion and is anticipated to continue its dominance in the market due to unique features offered by alkenes such as compatible, corrosion resistance, and other characteristics. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market.

The North American region is growing significantly due to growing consumption of ethylene product in construction, automotive, packaging, and others. It is predicted that growing investments in the end-use industries is likely to drive the market during the forecast period. The growing consumption of the product in windows, flooring, and others has propelled the growth in countries such as the U.S, Canada, and Mexico to achieve a stunning growth in the market because it provides unique lightweight, thermal resistance, and optimal performance to the product.

Buy Now-https://www.kennethresearch.com/report-purchase-id-10070766

The European market has observed a remarkable growth due to stringent rules and regulations implemented by the regional governments to follow lightweight products in end-use industries. The market has been driven by the application of this rule in packaging, automotive, construction, and other sectors. It is estimated that the growing innovation and technological advancement in thermoplastics, and other products are predicted to propel the growth in the countries such as the U.K, Italy, Germany, and France during the forecast period.

The Middle East & Africa region is estimated to witness a recognized development in the market due to the growing consumption of low-density materials in smartphones, tablets, and other electronic gadgets Moreover, Latin America is anticipated to witness a higher growth in the market due to increasing demand for thermoplastics in the end-use industries.

Segmental Analysis
The global ethylene market is segmented into application and end-use. On the basis of the application, the market is segregated into polyethylene, ethylene oxide, ethylene benzene, and ethylene dichloride segments. The market by the end-use is further categorized into packaging, automotive, construction, agrochemical, textile, and others.

Key Players
Some of the prominent players operating in the global ethylene market are SABIC (Saudi Arabia), DowDuPont (U.S), Exxon Mobil Corporation (U.S.), Royal Dutch Shell plc (the Netherlands), China Petrochemical Corporation (China), Total SA (Italy), Chevron Phillips Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (the Netherlands), National Petrochemical Company (Iran), and INEOS (Switzerland), among others.

Geographical Analysis
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Intended Audience
• Ethylene market manufacturers
• Traders and Distributors of Ethylene market
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

Read More-https://www.kennethresearch.com/report-details/ethylene-market/10070766

About Us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

1412 Broadway,
21st Floor Suite MA111,
New York, NY 10018

Name:David
Email:sales@kennethresearch.com
Phone: +1 313 462 0609

This release was published on openPR.