24-Mar-2020 | Facts and Factors
The Global Ethylene Market in 2019 was approximately USD 99 Billion. The market is expected to grow at a CAGR of 6.1% and is anticipated to reach around USD 153 Billion by 2026.
Ethylene is an odorless and colorless flammable gas that smells unpleasant and sweet. It is generally derived from natural gas and petroleum. These are used mainly to polymerize, alkylate, oxidize, hydrate, halogenate among hydro halogenate and others. These are used in making plastics, tire rubber, footwear, and other products. The increasing use of ethylene in the automotive, textile, packaging, agrochemical and other industries is a source of growth on the market.
Browse the full “Ethylene Market By Type (Ethylene oxide, Polyethylene, Ethylene dichloride, and Ethylene benzene), and By End Use( Automotive, Packaging, Agrochemical, Construction, Textile, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/ethylene-market-by-type-ethylene-oxide-polyethylene-ethylene-906
Increasing the production of shale gas is increasing the production of ethane, which is acting as a driver for the ethylene market. Moreover, rising investment initiatives by market participants towards increasing gas capacity is fueling the demand of the market. For instance, in 2018, ExxonMobil and Saudi Basic Industries Corporation announced their investment of $1.7 billion for expanding the ethylene production facility. This joint venture is under progress. Furthermore, increasing demand of ethylene from end-users is boosting the market growth. It is due to rise in growth of food and beverages industry. Increasing the women workforce in developing countries has raised the demand for the food packaging industry. Thereby, a high requirement of packaging has raised the demand for polyethylene such as LDPE and HDPE. In addition, the textile industry and agrochemical industry has also scaled the growth of the packaging businesses. Hence, certain factors are significantly influencing the global ethylene market in recent years.
The global ethylene market can be segmented on the basis of application, and end-use. On the basis of application, the global ethylene market is classified into polyethylene, ethylene oxide, ethylene benzene, and ethylene dichloride. The end-use application has been bifurcated into automotive, packaging, agrochemical, construction, and textile among others. Polyethylene application in the global ethylene market has accounted for the largest market share in recent years. The packaging industry is dominating the global market from the food industry to the textile industry needs packaging. Thereby, the high demand for plastics from end-use industries is boosting the sales of ethylene.
On the basis of geography, the global ethylene market is bifurcated into North America, Latin America, Europe, the Middle East & Africa, and Asia-Pacific. The Asia Pacific is anticipated to be the fastest-growing market as developing countries like China and India surge a very high demand for plastics for packaging solutions. North America and Europe are the dominating regional segment. Further, the regions are analyzed into countries including U.S., Mexico, Germany, the UK, Canada, France, China, India, South Korea, Japan, Brazil, UAE, Egypt, and South Africa among others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 99 Billion |
Projected Market Size in 2026 |
USD 153 Billion |
CAGR Growth Rate |
6.1% CAGR |
Base Year |
2019 |
Forecast Years |
2019-2026 |
Key Market Players |
Exxon Mobil Corporation, Saudi Basic Industries Corp, Royal Dutch Shell plc, Dow DuPont Inc., Chevron Phillips Chemical Company LLC, China Petroleum & Chemical Corporation, The National Petrochemical Company, LyondellBasell Industries N.V., Lonza Group, and BASF SE among others. |
Key Segment |
By Type, By End-users, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key market players operating in the global ethylene market include Exxon Mobil Corporation, Saudi Basic Industries Corp, Royal Dutch Shell plc, Dow DuPont Inc., Chevron Phillips Chemical Company LLC, China Petroleum & Chemical Corporation, The National Petrochemical Company, LyondellBasell Industries N.V., Lonza Group, and BASF SE among others.
This report segments the Ethylene market as follows:
Global Ethylene Market: By Type Segmentation Analysis
- Ethylene oxide
- Polyethylene
- Ethylene dichloride
- Ethylene benzene
- Others
Global Ethylene Market: By End-Use Segmentation Analysis
- Automotive
- Packaging
- Agrochemical
- Construction
- Textile
- Others
Global Ethylene Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
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