Ethylene-Petrochemicals Global Market Sees Growth Rate Of 5% Through 2022
14 Oct, 2022
The global ethylene-petrochemicals market size is expected to grow from $92.26 billion in 2021 to $96.54 billion in 2022 at a compound annual growth rate (CAGR) of 4.60%. The global ethylene-petrochemicals market size is expected to grow to $114.45 billion in 2026 at a CAGR of 4.30%.
What is the Global Ethylene-Petrochemicals Market?
The ethylene-petrochemicals market consists of sales of ethylene and its related services.
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What drives the Global Ethylene-Petrochemicals Market?
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.
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Global Ethylene-Petrochemicals Market Segments
The global ethylene-petrochemicals market is segmented:
By Feedstock: Naphtha, Ethane, Propane, Butane, Other Feedstocks
By Application: Polyethylene, Ethylene oxide, Ethylene benzene, Ethylene dichloride, Vinyl Acetate, Alpha Olefins
By End User Industry: Packaging, Automotive, Construction, Agrochemical, Textile
By Geography: The regions covered in the ethylene-petrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global ethylene-petrochemicals market.
Ethylene-Petrochemicals Global Market Report 2022provides market size and growth forecasts for the global ethylene-petrochemicals market, global ethylene-petrochemicals market share, ethylene-petrochemicals market segments and geographies, ethylene-petrochemicals market competitive landscape including leading competitors’ revenues, profiles and market shares. The ethylene-petrochemicals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Ethylene-Petrochemicals Industry Playersin the ethylene 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.