Ethylene Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

According to UnivDatos Market Insights (UMI)’ research report “Global Ethylene Market”, the market is expected to witness robust growth of 6% during the forecast period (2022-2028) owing to the increasing usage in the packaging industry coupled with the growing adoption of LDPE in the construction sector. Low-density Polyethylene (LDPE) is a soft, flexible, lightweight plastic material. LDPE is used because of its low-temperature flexibility, toughness, and corrosion resistance properties. In addition, they are non-toxic and non-contaminating, and resistant to impact, dampness, chemicals, rip, and stress fracture. In recent years, the demand for LDPE has risen dramatically due to its application in many industries such as the manufacture of packaging, garbage bins, floor tiles, mailing envelopes, and dropper bottles. Moreover, the use of low-density polyethylene in the market is growing due to the electrical insulating qualities that have resulted in its growing utilization in a variety of end-use sectors across the world.

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The major trend being witnessed in the global ethylene market is the increasing investments aimed at boosting the production capacity for the gas. Owing to the large-scale application of ethane gas in various industries, many companies engaged in its production are working toward expanding their production capacities. For instance, in August 2018, ExxonMobil and Saudi Basic Industries Corporation, under a joint venture, announced their decision to construct the world’s largest ethylene production plant, estimated to be developed at a cost of USD 1.4 billion.

Furthermore, Ethylene is developed into four different compounds, which in turn are developed into several household and other products such a Polyethylene (Plastics) which are used to make food packaging, bottles, bags, and other plastics-based goods.

Based on the application, the ethylene market has been classified into Polyethylene, Ethylene Oxide, Ethyl Benzene, Ethylene Dichloride, and Others. The Polyethylene category can be further bifurcated into HDPE and LDPE with LDPE expected to witness higher adoption during the forecast period. This is mainly due to the increasing use of films & sheets in the packaging industry. As LDPE is used in the production of food and non-food packaging. Furthermore, films & sheets have low toughness, stiffness, and strength, and high ductility. This plastic has a high density, sturdy construction, and long life. Hence, they are also used in the manufacturing of tubes, vessels, bubblers, dosing bottles, and molded laboratory equipment due to their property of being opaque. Hence, all these factors are contributing to the growth of the market.

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APAC to witness extensive growth

For a better understanding of the market adoption of the ethylene industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for ethylene and its byproducts in various industries such as food and beverage, electrical and electronics, packaging, and construction. With rapid urbanization and industrialization, the demand for ethylene-based packaging materials is growing exponentially in emerging economies. Besides, the growing demand for automobiles and electronic devices in APAC countries, such as China and India, is encouraging the growth of the ethylene market because ethene is used a raw material in automobiles and electronic devices. In the coming years, emerging countries are expected to witness rise in their middle-class population, which would further boost the demand for electronic items and automobiles in these countries. Thus, the increased demand for the gas from end-use industries will open new avenues for the growth of the players operating in the market.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Ethylene market are BASF SE, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, Ineos Group Ltd., LyondellBasell Industries N.V, Royal Dutch Shell plc, Saudi Basic Industries Corporation, China Petroleum & Chemical Corporation (Sinopec), The Dow Chemical Company, and Lonza Group.

“Global Ethylene Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Application (Polyethylene, Ethylene Oxide, Ethyl Benzene, Ethylene Dichloride, and Others)

2.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

3.      By Company (BASF SE, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, Ineos Group Ltd., LyondellBasell Industries N.V, Royal Dutch Shell plc, Saudi Basic Industries Corporation, China Petroleum & Chemical Corporation (Sinopec), The Dow Chemical Company, and Lonza Group)

Key questions answered in the study:

1.      What are the current and future trends of the global Ethylene industry?

2.      How the industry has been evolving in terms of application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global Ethylene industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global Ethylene suppliers across various region and countries?