Olefin (Ethylene) Market Analysis, Forecast, Size, Trends and Insights - (Global, Middle East, Iran) - (2020 - 2028)

The global ethylene demand is forecasted to reach 233.9 million tons in 2028, rising at a CAGR of 3.4%, for the duration spanning 2020-2028. According to the studies, it is predicted that global ethylene consumption has grown by 4.3% annually from 2014 to 2020. Moreover, according to forecasts, the growth rate of global ethylene consumption will increase by 3.4% from 2020 to 2028. North America accounts for 24% of global ethylene consumption and is the largest consumer of this product worldwide. China, the second-largest consumer of ethylene, accounts for 18% of global ethylene consumption. The Middle East, the third-largest consumer worldwide, accounts for 18% of global ethylene consumption.

There are several factors driving the growth of the market, including an increase in consumer goods sales, a consumer goods industry in flux, escalating packaging costs, increasing alcohol consumption, and growing urbanization. The market growth, however, will be slowed by fluctuations in ethylene prices, ethylene oxide's hazardous effects, and government regulations. There are some notable trends in the petrochemical industry, the growing production capacity of ethylene dichloride, and the increasing demand for bio-based polyethylene.

Scope of the report

• The report provides a comprehensive analysis of the global Olefin (ethylene) market.
• The major regional markets (The United States, China, Middle East & North Africa, and Europe) were analyzed.
• The report has been analyzed Middle East and Iran Key players with real field data. 

Key Target Audience

• Ethylene Manufacturers
• Natural Gas & Petroleum Suppliers
• Raw Material Suppliers
• End Users (Construction, Automotive and Packaging)
• Investment Banks
• Government Bodies & Regulating Authorities