The global Ethylene Market accrued earnings worth approximately 147.2 (USD Billion) in 2020 and is predicted to gain revenue of about 237.2 (USD Billion) by 2028, is set to record a CAGR of nearly 9.9% over the period from 2021 to 2028.
The global Ethylene Market accrued earnings worth approximately 147.2 (USD Billion) in 2020 and is predicted to gain revenue of about 237.2 (USD Billion) by 2028, is set to record a CAGR of nearly 9.9% over the period from 2021 to 2028. The report offers assessment and analysis of the Ethylene Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
Ethylene Market: Synopsis
Ethylene finds massive application in chemical industry. Moreover, it also plays a major role in fruit ripening and inducing senescence in flowers & leaves as well as abscission of flower peduncles & leaf petioles. Apart from this, the compound maintains apical hook at time of dicot seed germination along with triggering defense response under conditions such as extreme temperature, pest attack, floods, and pathogen attack. Furthermore, ethylene is utilized in manufacturing of antifreeze, fibers, and fabricated plastics. It is also utilized in producing ethylene oxide, alcohol, plastic polyethylene, and mustard gas.
Ethylene Market: Growth Drivers
Surge in use of chemical compound in oxidation, hydro-halogenation, hydration, halogenation, alkylation, hydro formylation, and oligomerization is predicted to create new growth avenues for ethylene market in upcoming years. Reportedly, in Europe and the U.S., nearly 90% of ethylene is utilized for manufacturing ethylene oxide, ethyl benzene, polyethylene, and ethylene dichloride. Moreover, ethylene is utilized extensively for regulating freshness in fruits and horticulture activities. Apart from this, humungous use of ethylene in automotive, construction, textile, packaging, rubbers, agrochemicals, soaps, detergents, and plastics will drive growth of ethylene industry over upcoming years. Beneficial features of product such as ease of use, easy processing, flexibility, and reduced costs will boost growth of ethylene industry. Other major applications of chemical compound include ethylene glycol and styrene. It also finds use in stretch & shrink film application for non-food packaging as well as producing low density polyethylene, and linear low density polyethylene. All these aforementioned factors will contribute majorly towards market revenue in upcoming years.
Furthermore, rise in usage of ethylene in packaged food & beverages will proliferate growth of ethylene market in upcoming years. Large-scale use of high density polyethylene in blow molding & injection molding utilizations such as caps, containers, drums, household items, and pallets. This will drive market trends. Additionally, HDPE is extruded into pipes for purpose of irrigation, water pipelines, carrier bags, film for refuse sacks, and industrial lining. This will extend size of ethylene market. However, strict laws enforced by government regulating utilization of petroleum products and urgent requirement of firms to comply with these legislations can pose a big challenge to growth of ethylene market. Rapid fluctuations in crude oil costs as well as raw material prices can prove detrimental to progression of ethylene market.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Regional Landscape
Asia Pacific Ethylene Market To Register Huge Growth By 2028
Regional market surge over forecast timeline can be credited to large capacity expansions at standalone units in countries such as China. Apart from this, technological breakthroughs have resulted in surge in production along with reduction in turnaround period. This has paved way to humungous growth of ethylene market in Asia Pacific zone.
Competitive Landscape
Key players influencing market growth and profiled in study include ExxonMobil Corporation, Total S.A., Huntsman Corporation, DuPont de Nemours, Inc., China Petroleum & Chemical Corporation, Royal Dutch Shell plc, Saudi Basic Industries Corporation (SABIC), Akzo Nobel N.V., LyondellBasell Industries, and Clariant AG.
The global Ethylene Market is segmented as follows:
By Feedstock
By End-Use Industry
By Application
By Region
List of Figures
1. Market research Type
2. Market research methodology
3. Global Ethylene Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Ethylene Marketattractiveness, By Feedstock
6. Global Ethylene Marketattractiveness, By End-Use Industry
7. Global Ethylene Marketattractiveness, By Application
8. Global Ethylene Marketshare by Feedstock ,2020 and 2028 (USD Billion)
9. Global Ethylene Marketby Ethane, 2018–2028(USD Billion)
10. Global Ethylene Marketby Naphtha, 2018–2028(USD Billion)
11. Global Ethylene Marketby Propane, 2018–2028(USD Billion)
12. Global Ethylene Marketby Butane, 2018–2028(USD Billion)
13. Global Ethylene Marketshare by Application ,2020 and 2028 (USD Billion)
14. Global Ethylene Marketby Polyethylene, 2018–2028(USD Billion)
15. Global Ethylene Marketby Ethylene Oxide, 2018–2028(USD Billion)
16. Global Ethylene Marketby Ethyl Benzene, 2018–2028(USD Billion)
17. Global Ethylene Marketby Ethylene Dichloride, 2018–2028(USD Billion)
18. Global Ethylene Marketshare by End-Use Industry,2020 and 2028 (USD Billion)
19. Global Ethylene Marketby Automotive, 2018–2028(USD Billion)
20. Global Ethylene Marketby Textiles, 2018–2028(USD Billion)
21. Global Ethylene Marketby Building & Construction, 2018–2028(USD Billion)
22. Global Ethylene Marketby Agriculture & Agrochemicals, 2018–2028(USD Billion)
23. Global Ethylene Marketby Packaging, 2018–2028(USD Billion)
24. Global Ethylene Marketshare, by Region, 2020 and 2028
25. North America Ethylene Market, 2018–2028(USD Billion)
26. Europe Ethylene Market, 2018–2028(USD Billion)
27. Asia Pacific Ethylene Market, 2018–2028(USD Billion)
28. Latin America Ethylene Market, 2018–2028(USD Billion)
29. The Middle East and Africa Ethylene Market, 2018–2028(USD Billion)
List of Tables
1. Global Ethylene Market: snapshot
2. Drivers of the Ethylene Market: impact analysis
3. North America Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
4. North America Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
5. North America Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
6. The U.S. Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
7. The U.S. Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
8. The U.S. Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
9. Rest of North America Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
10. Rest of North America Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
11. Rest of North America Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
12. Europe Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
13. Europe Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
14. Europe Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
15. UK Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
16. UK Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
17. UK Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
18. France Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
19. France Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
20. France Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
21. Germany Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
22. Germany Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
23. Germany Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
24. Rest of Europe Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
25. Rest of Europe Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
26. Rest of Europe Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
27. Asia Pacific Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
28. Asia Pacific Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
29. Asia Pacific Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
30. China Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
31. China Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
32. China Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
33. Japan Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
34. Japan Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
35. Japan Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
36. India Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
37. India Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
38. India Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
39. Rest of Asia Pacific Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
40. Rest of Asia Pacific Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
41. Rest of Asia Pacific Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
42. Latin America Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
43. Latin America Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
44. Latin America Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
45. Brazil Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
46. Brazil Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
47. Brazil Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
48. Rest of Latin America Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
49. Rest of Latin America Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
50. Rest of Latin America Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
51. The Middle East and Africa Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
52. The Middle East and Africa Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
53. The Middle East and Africa Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
54. Saudi Arabia Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
55. Saudi Arabia Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
56. Saudi Arabia Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
57. South Africa Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
58. South Africa Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
59. South Africa Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
60. Rest of the Middle East & Africa Ethylene Marketrevenue, By Feedstock ,2018–2028(USD Billion)
61. Rest of the Middle East & Africa Ethylene Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
62. Rest of the Middle East & Africa Ethylene Marketrevenue, By Application,2018–2028(USD Billion)
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Surge in use of chemical compound in oxidation, hydro-halogenation, hydration, halogenation, alkylation, hydro formylation, and oligomerization is predicted to create new growth avenues for ethylene market in upcoming years. Reportedly, in Europe and the U.S., nearly 90% of ethylene is utilized for manufacturing ethylene oxide, ethyl benzene, polyethylene, and ethylene dichloride. Moreover, ethylene is utilized extensively for regulating freshness in fruits and horticulture activities. Apart from this, humungous use of ethylene in automotive, construction, textile, packaging, rubbers, agrochemicals, soaps, detergents, and plastics will drive growth of ethylene industry over upcoming years. Beneficial features of product such as ease of use, easy processing, flexibility, and reduced costs will boost growth of ethylene industry. Other major applications of chemical compound include ethylene glycol and styrene. It also finds use in stretch & shrink film application for non-food packaging as well as producing low density polyethylene, and linear low density polyethylene. All these aforementioned factors will contribute majorly towards market revenue in upcoming years.
According to Zion market research report, the global Ethylene Market accrued earnings worth approximately 147.2 (USD Billion) in 2020 and is predicted to gain revenue of about 237.2 (USD Billion) by 2028, is set to record a CAGR of nearly 9.9% over the period from 2021 to 2028.
Asia Pacific will contribute lucratively towards the regional market size over the projected timeline. The regional market surge is subject to large capacity expansions at standalone units in countries such as China. Apart from this, technological breakthroughs have resulted in surge in production along with reduction in turnaround period. This has paved way to humungous growth of ethylene market in Asia Pacific zone.
The key market participants include ExxonMobil Corporation, Total S.A., Huntsman Corporation, DuPont de Nemours, Inc., China Petroleum & Chemical Corporation, Royal Dutch Shell plc, Saudi Basic Industries Corporation (SABIC), Akzo Nobel N.V., LyondellBasell Industries, and Clariant AG.
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