This report provides exclusive insights into the COVID-19 impact on the Ethylene Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Ethylene Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Ethylene Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
ethylene market provides in-depth analysis of segments and sub-segments in the
global as well as regional ethylene market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
ethylene market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
ethylene market. According to the report, the global ethylene market is projected
to grow at a CAGR of 6.1% over the forecast period of 2019-2025.
Ethylene is a colorless flammable hydrocarbon gas of the
alkene series. It is derived from natural gas and petroleum and also occurring
as natural plant hormone used as a source of many organic compounds, in welding
and cutting metals, ripening of fruits, and as an anesthetic. Ethylene is a gas
with a slightly sweet smell that burns easily, which is used in industry as
well as a feedstock. Ethylene is mainly used as a feedstock in the manufacture
of varied chemical compounds including ethylene benzene, ethylene oxide,
polyethylene, vinyl acetate, and alpha-olefins. The derivatives of these
compounds are used in industrial applications such as packaging, automotive,
agrochemicals, detergents and soaps, and construction and textiles.
The increasing demand for ethylene derivatives in packaging
is the key factor driving the growth of the ethylene market. The rising demand
for ethylene products from the construction industry is another factor driving
the growth of this market. Increasing usage of the ethylene end product such as
ethylene dichloride, polyethylene, and ethylbenzene also supports the growth of
this market. Moreover, demand from automotive applications is also anticipated
to motivate the growth of the ethylene market. However, fluctuating prices of
crude oil which is necessary for the production of ethylene and its derivate,
as well as the strict government regulations regarding the production of
ethylene, are the prime restraining factor of the ethylene market. Furthermore,
using coal as the feedstock to produce ethylene by many countries is generating
more growth opportunities in this market.
As per the geographic, the Asia-Pacific region holds a
significant share in the ethylene market. Factors such as increasing usage of
polyethylene in packaging, pipes and elastic film applications drive the growth
of the market in the Asia Pacific region. Further, growing packaging,
automotive, construction, and textile end-use industries are anticipated to
boost the Asia Pacific ethylene market. Moreover, North America and Europe
region are expected to grow at a moderate pace due to lack of crude oil
availability and regulatory issues relating to the production of ethylene.
The report on global ethylene market covers segments such as
application and end-user. On the basis of application, the sub-markets include
polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, and other
applications. On the basis of end-user, the sub-markets include packaging,
automotive, construction, agrochemical, textile, and other end-user.
The report provides profiles of the companies in the market
such as Saudi Basic Industries Corp, Exxon Mobil Corporation, Dow DuPont Inc.,
Royal Dutch Shell plc, China Petroleum & Chemical Corporation, Chevron
Phillips Chemical Company LLC, LyondellBasell Industries N.V., The National
Petrochemical Company, BASF SE, Lonza Group, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of ethylene
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.