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.
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