Press release
Ethylene Market In-depth Analysis 2020, Future Scope and Outlook 2030
The global ethylene market reached a value of nearly $222.1 billion in 2019, having grown at a compound annual growth rate (CAGR) of 5.25% since 2015, and is expected to grow at a CAGR of 4.77% to nearly $267.6 billion by 2023.
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Major players in the market are AkzoNobel, BASF SE, Borealis, Chevron Phillips Chemical Company LLC, China Petrochemical Corporation, China Petroleum & Chemical Corporation, Clariant, Dow Chemical, Equistar Chemicals and Exxon Mobil Corporation.
In August 2019, Huntsman Corporation agreed to sell its ethylene business to Indorama Ventures for $2 billion. This acquisition will add products such as ethylene, ethylene oxide and monoethylene glycol, extending the product profile of Indorama Ventures and will strengthen the PET feedstock supply chain and improve its position as PET manufacturer. The deal gives Indorama Ventures access to a number of new derivative products, including propylene/PO derivatives, surfactants, ethanolamines, glycol ethers and MTBE. Indorama Ventures is an intermediate petrochemicals industry.
Scope:
Markets Covered: By Feedstock: Naphtha; Ethane; Propane; Butane; Others ; By End-Use Industry: Packaging; Automotive; Construction; Agrochemical; Textile; ; ; By Application: Polyethylene; Ethylene oxide; Ethylene benzene; Ethylene dichloride; Vinyl Acetate; Alpha Olefins
Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia.
Regions: Asia-Pacific, North America, South America, Western Europe, Eastern Europe, Middle East & Africa.
The ethylene producing companies are investing in ways to develop bio-based green polyethylene compound. These plastics are easy to produce, consumes less energy and offers the same versatility of chemically synthesized plastic. Following the trend, Braskem, a Brazil based bio polymer producer, in 2018 partnership with LEGO Group, a Danish toy production company, to supply its I'm greenT polyethylene. I'm greenT polyethylene is a plastic made from sugarcane which is 100% recyclable and contributes to the reduction of greenhouse gases.
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Market Business Scenario 2020:
This research report represents a 360-degree overview of the competitive landscape of the Global Ethylene Market. Furthermore, it offers massive data relating to recent trends, technological advancements, tools, and methodologies. The research report analyzes the Global Ethylene Market in a detailed and concise manner for better insights into the businesses.
Finally, the researchers throw light on different ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Global Ethylene Market. The feasibility of the new report is also measured in this research report.
Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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