Press release
Ethylene Market Predicted to grow at a CAGR of xx% by 2025 | Leading Market Players - DowDupont Inc., BASF SE, ExxonMobil Corporation, Chevron Phillips Chemical Company, Formosa Plastics Corporation, INEOS Group.
Ethylene Market was valued at USD xx billion in 2017 and is expected to reach almost USD 230 Billion by the end of 2025, growing at a CAGR of around xx% over the predicted period.
The main trend observed in the global ethylene market is the increase in investments to increase gas production capacity. Due to the large-scale use of ethane gas in various industries, many companies involved in its production are trying to increase its production capacity. Ethylene is a colorless flammable gas widely used in agriculture as a plant hormone to ripen fruits. It is also used in the chemical industry to produce ethylbenzene, polyethylene, ethylene dichloride and ethylene oxide. The ethylene market is expected to grow due to the growing demand for gas from end-user industries, such as consumer electronics, packaging and food and beverages.
Browse details of 180 number of pages research report developed on Ethylene Market Research Report @ https://www.researchcosmos.com/reports/global-ethylene-market-by-feedstock-naphtha-ethane-butane-propane-coal-derivative-polyethyl/41224809
Ethylene Market Key Drivers, Challenges, and Opportunities:
The main factor driving the growth of the ethylene market is the reduction in gas production costs as a result of the discovery of shale gas. The rapid increase in shale gas production in recent years has resulted in an increase in the production of ethane, which is a raw material for the production of ethylene. As a result, gas production is also expected to grow at a steady pace in the near future. The decrease in gas production costs, as well as capacity expansion plans for market players, will continue to drive growth in the ethylene market during the forecast period.
The main factor that hinders the growth of the market is the implementation of strict government regulations regarding the production and use of ethylene. Since ethylene is a combustible and carcinogenic substance, the strict regulation of its use hinders the growth of its market. In addition, several countries have environmental protection laws that can put pressure on companies engaged in the production of hydrocarbon-based gases. In addition, volatility in the cost of raw materials makes market growth somewhat difficult.
Ask Free Sample of the Report @ https://www.researchcosmos.com/request/global-ethylene-market-by-feedstock-naphtha-ethane-butane-propane-coal-derivative-polyethyl/41224809
Ethylene Market – Regional Presence:
With rapid urbanization and industrialization, the demand for ethylene-based packaging materials is increasing exponentially in emerging economies. In addition, the growing demand for cars and electronic products in the Asia Pacific countries, such as China and India, is driving the growth of the ethylene market, since ethene is a raw material used in cars and electronic devices. In the coming years, it is expected that the middle class population will increase in emerging countries, which would further stimulate the demand for electronic products and automobiles in these countries. Therefore, the higher gas demand from the end-use industries will open new perspectives for the growth of active players in the market.
Some of the Key Players Profiled in this Ethylene Market Report are:
DowDupont Inc., BASF SE, ExxonMobil Corporation, Chevron Phillips Chemical Company, Formosa Plastics Corporation, INEOS Group, Sasol Limited, Shell Chemical LP, Saudi Basic Industries Corporation, China Petroleum & Chemical Corporation, LyondellBasell Industries N.V., National Petrochemical Company, and Westlake Chemical Corporation.
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