Ethylene & Propylene Market 2028 Focus On Research Methodology, Market Dynamics, Opportunities, & Forecast

The global ethylene & propylene market is projected to reach US$ 520,251.9 million by 2027, exhibiting a CAGR of 5.5% during the forecast period (2019-2027). This is attributed to increasing demand for ethylene & propylene derivatives. Ethylene & propylene are used as raw materials for derivatives such as polyethylene, polypropylene, ethylene dichloride, cumene, and ethyl benzene which are used in various end-use industries such as packaging, coatings and paints etc.

The global ethylene & propylene market was valued at US$ 325,264.5 million in 2018, and is expected to register a CAGR of 5.5 % in terms of revenue over the forecast period (2019 – 2027), to reach US$ 520,251.9 million by 2027.

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Major players operating in the global ethylene & propylene market include Exxon Mobil Corporation, Saudi Basic Industries Corporation, Royal Dutch Shell Plc., China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company LLC, Total S.A., LyondellBasell Industries N.V., National Petrochemical Company, INEOS Group, and Dow Inc. among others.

Asia Pacific accounted for a significant market share in 2018, owing to increasing demand of ethylene and propylene from industries such as automobiles, construction, packaging, and consumer products in emerging economies such as India and China.

Despite lower market share, the Middle East and Africa region is expected to exhibit strong growth over the forecast period. The construction industry in the Middle East is growing due to increasing number of construction projects such as the US$ 147 billion King Abdullah Economic project in Saudi Arabia, US$ 45 billion Lusail development in Qatar for FIFA 2022, and US$ 20 billion Duqm New Town Project in Oman, which are propelling demand for polyethylene in this region.

The chemicals and petrochemicals segment is expected to witness major growth over the forecast period. Ethylene & propylene is used for production of derivatives such as monoethylene glycol, diethylene glycol, triethylene glycol, ethanolamine, ethoxylates, polyethylene glycol, glycol ethers, and polyether polyols.

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Detailed Segmentation:

Global Ethylene & Propylene Market, By Derivative Type:
Ethylene
Polyethylene
HDPE
LDPE
LLDPE
Ethylene oxide
Others (Ethylene Dichloride etc.)
Propylene
Polypropylene
Propylene Oxide
Others (Cumene, Acrylonitrile etc.)

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