The growing demand for ethylene in food and packaging applications is propelling market growth.
Market Size - USD 97.84 Billion in 2019, Market Growth - CAGR of 6.1%, Market Trends - High demand for polyethylene.
The ethylene market size is estimated to reach USD 168.37 Billion from USD 97.84 Billion in 2019, delivering a CAGR of 6.1% through 2027, according to a recent analysis.
Ethylene is a monomer derived from petrochemical and is extensively utilized in several end-use products, including plastics, fibers, and manufacturing organic chemicals. In the chemical industry, it is mainly used for the production of polyethylene, which is a widely plastic containing polymer chains of ethylene units. Ethylene is also an important natural plant hormone and is experiencing high demand from the agriculture sector on account of its fruit ripening properties.
With ethane and naptha as major sources, ethylene is the lightest olefin hydrocarbon. It is one of the most significant organic chemicals by volume and is the building block for a vast range of chemicals, from solvents and antifreeze solutions to plastics. The rapid expansion of the food industry and the growing demand for polyethylene for aseptic packaging in the beverage industry are likely to favor ethylene market growth through 2027.
Heavy investments in steam crackers by China are supplementing ethylene industry share. Moreover, the liberalization of the market in China has pushed private companies to invest alongside state-owned producers. The pattern change has boosted investments by producers, which will further support the growth of the ethylene market over the forecast period.
Mergers & acquisitions are an integral part of market growth. For instance, in 2018, Exxon Mobil and SIBC (Saudi Basic Industries Corporation) began a joint venture-initiated construction of the largest ethylene production plant in the world, worth approximately USD 1.4 billion.
Further key findings from the report suggest
For the purpose of this report, Reports and Data has segmented the Global Ethylene Market on the basis of feedstock, application, end-user, and region:
Feedstock Outlook (Revenue, USD Billion; Volume; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-User Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
Reasons to Buy the Report
Market Size - USD 97.84 Billion in 2019, Market Growth - CAGR of 6.1%, Market Trends - High demand for polyethylene.
The ethylene market size is estimated to reach USD 168.37 Billion from USD 97.84 Billion in 2019, delivering a CAGR of 6.1% through 2027, according to a recent analysis.
Ethylene is a monomer derived from petrochemical and is extensively utilized in several end-use products, including plastics, fibers, and manufacturing organic chemicals. In the chemical industry, it is mainly used for the production of polyethylene, which is a widely plastic containing polymer chains of ethylene units. Ethylene is also an important natural plant hormone and is experiencing high demand from the agriculture sector on account of its fruit ripening properties.
With ethane and naptha as major sources, ethylene is the lightest olefin hydrocarbon. It is one of the most significant organic chemicals by volume and is the building block for a vast range of chemicals, from solvents and antifreeze solutions to plastics. The rapid expansion of the food industry and the growing demand for polyethylene for aseptic packaging in the beverage industry are likely to favor ethylene market growth through 2027.
Heavy investments in steam crackers by China are supplementing ethylene industry share. Moreover, the liberalization of the market in China has pushed private companies to invest alongside state-owned producers. The pattern change has boosted investments by producers, which will further support the growth of the ethylene market over the forecast period.
Mergers & acquisitions are an integral part of market growth. For instance, in 2018, Exxon Mobil and SIBC (Saudi Basic Industries Corporation) began a joint venture-initiated construction of the largest ethylene production plant in the world, worth approximately USD 1.4 billion.
Further key findings from the report suggest
- An exponential rise in construction activities all across the globe has fuelled the consumption of HDPE (high-density polyethylene) resins for the manufacturing of several products, including telephone ducts, pipes, plumbing, and electrical boxes. Increasing usage of HDPE for application in geosynthetics, decorative items, and storage tanks will supplement ethylene market revenue share through 2027.
- Based on feedstock, the naptha segment accounts for 47.4% of the global ethylene market share.
- In terms of end-use, the automotive segment is estimated to register a CAGR of 5.9% through 2027 on account of the growing demand for ethylene to increase the volume of plastic components in vehicles to reduce weight and achieve minimum emissions.
- The packaging industry dominated the market share in 2019 and is forecast to witness a growth rate of 2.8% through 2027 on account of its lightweight, excellent insulation, and strong compression properties.
- In the regional landscape, the APAC region is estimated to hold a major chunk of the ethylene market share on account of strong demand for plastics from India and China. Rapid advancement in technology, growing penetration of electronics across several industries, and a significant rise in the purchasing power of consumers are some of the key factors influencing regional industry growth.
- North America is estimated to be a major regional ground for the global ethylene market on account of the growing demand for ethylene in the United States with the rising shale oil production, increasing construction activity, expansion of the flexible packaging industry, and high sales of automobiles in the region.
- Europe is forecast to witness a growth rate of 5.6% over the analysis period.
- Key participants in the global ethylene market are Chevron Philips Chemical Company LLC, Exxon Mobil Corporation, The Dow Chemical Company, Sinopec Corporation, Saudi Basic Industries Corporation, Lyondell Basell Industries, INEOS Group AG, Royal Dutch Shell plc. BASF SE, and Lonza Group, among others.
For the purpose of this report, Reports and Data has segmented the Global Ethylene Market on the basis of feedstock, application, end-user, and region:
Feedstock Outlook (Revenue, USD Billion; Volume; 2017-2027)
- Naphtha
- Ethane
- Propane
- Butane
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Polyethylene
- Ethylene Oxide
- Ethyl Benzene
- Ethylene Dichloride
- Others
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Building and Construction
- Automotive
- Textiles
- Packaging
- Agrochemicals
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Europe
- U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Ethylene Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Ethylene Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Ethylene Market Segmentation & Impact Analysis
Chapter 5. Ethylene Market, By Feedstock Insights & Trends
Chapter 6. Ethylene Market, By Application Insights & Trends
Chapter 7. Ethylene Market, By End-Users Insights & Trends
Chapter 8. Ethylene Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- Sinopec
- BASF SE
- Dow DuPont
- Saudi Basic Industries Corporation
- ExxonMobil Corporation
- China National Petroleum Corporation
- Royal Dutch Shell plc. JX Holdings
- BP Plc.
- Borealis AG
