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.
Global Ethylene-Petrochemicals Market Size And Drivers:
The global ethylene-petrochemicals market is expected to grow from $190.29 billion in 2020 to $234.11 billion in 2021 at a compound annual growth rate (CAGR) of 23%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $302.22 billion in 2025 at a CAGR of 7%. During the historic period, increased demand for polythene products contributed to the ethylene market’s growth.
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Trends In The Global Ethylene-Petrochemicals 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.
Global Ethylene-Petrochemicals Market Segments:
The global ethylene-petrochemicals market is further segmented –
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
By Geography: The global ethylene-petrochemicals market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Ethylene-Petrochemicals Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides ethylene-petrochemicals market overviews, analyzes and forecasts market size and growth for the global ethylene-petrochemicals market, ethylene-petrochemicals market share, ethylene-petrochemicals market players, ethylene-petrochemicals market segments and geographies, ethylene-petrochemicals market’s 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.
