MRRSE has announced the addition of the “Ethylene Market for Polyethylene, Ethylene Oxide, Ethylene Benzene, Ethylene Dichloride, and Others and Packaging, Automotive, Construction, Agrochemical, Textile and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” report to their offering.
Ethylene market research study for forecast 2020, challenges, demand, woldwide overview
1. Ethylene Market Research Study For Forecast 2020,
Challenges, Demand, Woldwide Overview
Report Description
Ethylene, a monomer, is derived from petrochemicals by
using the process of steam cracking. It is mainly used as a
raw material in the manufacture of a broad variety of
2. chemical compounds such as polyethylene, ethylene oxide,
ethylene benzene, ethylene dichloride, vinyl acetate, and alfa
olefins. These compounds and their derivatives such as ultra-
high-molecular-weight polyethylene (UHMWPE), high-density
polyethylene (HDPE), low-density polyethylene (LDPE),
ethylene glycol, glycol ethers, ethanolamine, and acrylonitrile
are employed in end-user industries such as packaging,
automotive, construction, agrochemicals, textiles, and soaps
and detergents. In terms of revenue, the global ethylene
market was valued at US$ 156.0 Bn in 2013 and is projected
to reach US$ 234.2 Bn by 2020, expanding at a CAGR of
6.0% from 2014 to 2020.
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market
Polyethylene, which is extensively used in the production of
plastic, was the largest application segment of the global
ethylene market, accounting for more than 50% share in
2013. Ethylene oxide is expected to be the fastest growing
application segment of the ethylene market in the next few
years. The rapid growth in the ethylene oxide application
segment can be mainly attributed to the increasing
consumption of its derivative, ethylene glycol, in the
production of plastics for bottles. As regards to end-users,
packaging emerged as the largest segment of the ethylene
market with a share of more than 30% in 2013. The
4. extensive utilization of different forms of polyethylene such
as PVC, low density polyethylene (LDPE), linear low density
polyethylene (LLDPE), and high density polyethylene (HDPE)
in the manufacture of packaging application products is
expected to drive the global ethylene market in the forecast
period..
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The global ethylene market has been segmented based on
regions into North America, Europe, Asia Pacific, Latin
America and Rest of the World (Middle East & Africa). Asia
Pacific was the largest regional market for ethylene,
5. constituting over 30% share in 2013. Increasing demand for
ethylene in packaging, automotive, and construction
industries is projected to drive the ethylene market in Asia
Pacific in the next few years. Moreover, Asia Pacific is
projected to be the fastest growing regional market in the
global ethylene market during the forecast period. Rising
demand for ethylene in emerging economies such as China,
India, Malaysia, Thailand and Vietnam, is likely to drive the
ethylene market in Asia Pacific in the next few years. The
ethylene market in North America and Europe is anticipated
to grow at a moderate rate over the next six years, due to
the slow but steady recovery of the economy in the U.S. and
developed countries across Europe. The ethylene market in
RoW is projected to expand considerably in the next few
6. years, owing to rising demand for ethylene in the Middle
East while the Latin American ethylene market is projected to
record average growth during the forecast period.
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Growing demand for ethylene in the rapidly expanding
packaging, construction and automotive end-user segments is
anticipated to drive the global ethylene market in the next
few years. The mass production of ethylene through the
process of catalytic oxydehydrogenation is projected to act as
an opportunity for the ethylene market in the next six years.
However, volatility in crude oil prices and regulatory issues
7. associated with ethylene are estimated to hinder the market
growth of ethylene during the forecast period. Major
manufacturers of ethylene include Saudi Basic Industries
Corporation (SABIC), The Dow Chemical Company, Exxon
Mobil Corporation, Royal Dutch Shell plc, China Petroleum &
Chemical Corporation (Sinopec Corporation), Chevron Phillips
Chemical Company LLC,Total S.A., LyondellBasell Industries,
National Petrochemical Company (NPC), and INEOS Group
AG.
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