The ethylene market consists of sales of ethylene and its related services. Ethylene is an acyclic hydrocarbon, used in the manufacture of polymers such as polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC) and polystyrene (PS) as well as fibres and other organic chemicals.

The global ethylene market reached a value of nearly $222.1 billion in 2019, having grown at a compound annual growth rate (CAGR) of 5.25% since 2015, and is expected to grow at a CAGR of 4.77% to nearly $267.6 billion by 2023.

The ethylene market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific was the largest region in the ethylene market in 2019.

The ethylene market covered in this report is segmented by feedstock into naphtha, ethane, propane, butane, others. It is also segmented by end-use industry into packaging, automotive, construction, agrochemical, and textile and by application into polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, vinyl acetate, alpha olefins.

During the historic period, increased demand for polythene products contributed to the ethylene market’s growth. Ethylene is mainly used in polyethylene products such as low density polyethylene (LDPE), high density polyethylene (HDPE) and linear low density polyethylene (LLDPE). The polyethylene market has grown substantially due to the increased demand for plastic across the globe. The high penetration of plastics in electronic products and lightweight products in vehicles has increased the consumption of plastics. According to National Geographic, 40% of the plastic produced every year is single-use plastics. Production of plastic increased exponentially to 448 million tons by 2015 from 2.3 million tons in 1950 and this number is being expected to double by 2050. These factors that has driven the adoption of polyethylene, impacted the growth of the ethylene market.

Stringent government regulations related to the production and use of ethylene restrains the growth of ethylene market. Ethylene is combustible and carcinogenic nature making it dangerous to its environment. It is highly explosive and can cause light-headedness, dizziness, and unconsciousness when exposed. Several countries are implementing legislations for environment protection, which will put pressure on the companies involved in the production of ethylene. For instance, in January 2020, a group of 364 environmental and other non-governmental organizations have filed a petition with the U.S. Environmental Protection Agency (EPA) to revise standards applicable to petro-plastics production facilities. The petition requests EPA to impose unprecedented controls on such facilities. Moreover, globally, governments are banning single-use plastics to curb the plastic waste. For instance, in January 2020, China, announced its plans to ban single-use plastics and promote recycling and green packaging. The restrictions laid on production would hamper the growth of the market.


The ethylene producing companies are investing in ways to develop bio-based green polyethylene compound. These plastics are easy to produce, consumes less energy and offers the same versatility of chemically synthesized plastic. Following the trend, Braskem, a Brazil based bio polymer producer, in 2018 partnership with LEGO Group, a Danish toy production company, to supply its I’m greenT polyethylene. I’m greenT polyethylene is a plastic made from sugarcane which is 100% recyclable and contributes to the reduction of greenhouse gases.

In August 2019, Huntsman Corporation agreed to sell its ethylene business to Indorama Ventures for $2 billion. This acquisition will add products such as ethylene, ethylene oxide and monoethylene glycol, extending the product profile of Indorama Ventures and will strengthen the PET feedstock supply chain and improve its position as PET manufacturer. The deal gives Indorama Ventures access to a number of new derivative products, including propylene/PO derivatives, surfactants, ethanolamines, glycol ethers and MTBE. Indorama Ventures is an intermediate petrochemicals industry.

Major players in the market are AkzoNobel, BASF SE, Borealis, Chevron Phillips Chemical Company LLC, China Petrochemical Corporation, China Petroleum & Chemical Corporation, Clariant, Dow Chemical, Equistar Chemicals and Exxon Mobil Corporation.

Ethylene Market Global Report 2020 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global ethylene market.

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Description:
Where is the largest and fastest growing market for the ethylene? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Ethylene market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider ethylene market, and compares it with other markets.
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
• The ethylene market section of the report gives context. It compares the ethylene market with other segments of the ethylene market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, ethylene indicators comparison.

Scope

Markets Covered: By Feedstock: Naphtha; Ethane; Propane; Butane; Others ; By End-Use Industry: Packaging; Automotive; Construction; Agrochemical; Textile; ; ; By Application: Polyethylene; Ethylene oxide; Ethylene benzene; Ethylene dichloride; Vinyl Acetate; Alpha Olefins ;

Companies Mentioned: AkzoNobel; BASF SE ; Borealis ; Chevron Phillips Chemical Company LLC; China Petrochemical Corporation

Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.