Worldwide Ethylene Industry up to 2029 – Major Key Vendors Include SABIC, The Dow Company, Exxon Mobil Corporation, etc. | StraitsResearch
Global Ethylene Market is expected to grow at a steady growth during the forecast period 2019-2029, Ethylene Market report offers insights into the latest trends. It summarizes key aspects of the market, with a focus on leading key player’s areas that have witnessed the highest demand, leading regions, and applications. It offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2019-2029. The report aims at historical occurrences, talks about the present status of the industry, and also provides valuable forecast information up to 2029. Every organization partaking within the global production of the Ethylene market products is mentioned during this report, so as to review the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.
Ethylene finds applications across various industry verticals, such as automotive, packaging, healthcare, textile, agrochemicals, and building & construction industries, among others. Rising investments in Asia-Pacific are leading to infrastructural development, thereby positively impacting the demand for construction fittings and pipes. In the automotive sector, ethylene is used in the production of specialty glass. In the metal fabrication industry, it is used as oxy-fuel gas in metal cutting, welding, and high-velocity thermal, further driving the market growth.
The Ethylene Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume. Each section of the report reveals critical information about the global Ethylene market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to acknowledge hidden business opportunities available within the global Ethylene market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies like manufacturing analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.
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The Major Prominent Players Covered in this Report:
SABIC, The Dow Company, Exxon Mobil Corporation, Royal Dutch Shell, China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company, Total S.A., LyondellBasell Industries Holdings B.V., China National Petroleum Corporation, Repsol, BASF SE, Westlake Chemical Corporation, Sasol, Mitsubishi Chemical Corporation, Nova Chemicals Corporation & More.
Building & construction
Polyethylene terephthalate (PET)
Polyvinyl chloride (PVC)
Fibers & other organic chemicals
Impact of COVID-19 on Ethylene Market -
The lockdown in Europe and Asia-Pacific is rapidly decelerating the petrochemical demand, further decelerating the naphtha market. The collapse in demand for crude oil from international markets with limited workforce availability has adversely affected the availability of raw material for ethylene production. Similarly, the demand for plastic is witnessing a considerable decline in the automobile sector across Europe. As per the European Automotive Manufacturers Association, the COVID-19 outbreak has translated about 1.5 million worth production losses for European automobile industries. The shutdowns in Spain, France, and other countries have decelerated the demand for PVC plastics largely used for manufacturing fittings and pipes, further hampering the ethylene market growth.
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Ethylene in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Ethylene market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Ethylene and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Ethylene. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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Key Questions Answered in The Report:
What will the Ethylene market growth rate?
What are the key factors driving the global Ethylene market?
Who are the key manufacturers in the Ethylene market space?
What are the market opportunities, market risk, and market overview of the Ethylene market?
What are sales, revenue, and price analysis of top manufacturers of the Ethylene market?
Who are the distributors, traders, and dealers of the Ethylene market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Ethylene Industry?
What are sales, revenue, and price analysis by regions of Ethylene industry?
What are the driving factors contributing to market growth during the short, medium, and long term?
Key Ethylene Market Trends:
- The report identifies, determines, and forecasts the Global Ethylene Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Ethylene Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Ethylene Market.
Key Highlights -
The ethylene market is on the path of achieving new market heights with a lucrative CAGR of around ~5.0%, strongly supported by its considerable application in the manufacturing of polymers, such as polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), polystyrene (PS), and fibers & other organic chemicals.
The polyethylene segment is projected to grow at a significant rate on account of its increasing demand in the end-use industries. The extensive application of high-density polyethylene in the manufacturing of trays, bottles for fruit juices and milk, industrial bulk containers, and other everyday products drive the segment growth.
Ethylene gas finds applications in the agriculture and food and beverage industry
Asia-Pacific dominates the ethylene market as the region has the highest consumption and production capacities. In 2017, Asia accounted for about 55% of the ethylene exports, supported by the presence of leading companies in the region.
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