Global Ethylene-Petrochemicals Market Report 2024

Ethylene-Petrochemicals Global Market Report 2023 – 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) – Market Size, Trends, And Global Forecast 2023-2032

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Ethylene-Petrochemicals Market

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Ethylene petrochemical refers to an acyclic hydrocarbon which is a colorless, flammable gas with a faint sweet and musky odor when its pure. It is the simplest alkene widely used in industry and is also a plant hormone.

The main feedstocks of ethylene-petrochemicals are naphtha, ethane, propane, butane, and other feedstocks. Ethane is defined as an odorless, gaseous, and colorless hydrocarbon compound. Ethane is considered to be the simplest hydrocarbon compound containing a single carbon-carbon bond. The various applications of ethylene include polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, vinyl acetate, and alpha-olefins. The main end-use industries in which ethylene is used are packaging, automotive, construction, agrochemicals, and textiles.

The global ethylene-petrochemicals market is segmented -

1) By Feedstock: Naphtha, Ethane, Propane, Butane, Other Feedstocks

2) By Application: Polyethylene, Ethylene oxide, Ethylene benzene, Ethylene dichloride, Vinyl Acetate, Alpha Olefins

3) By End User Industry: Packaging, Automotive, Construction, Agrochemical, Textile

The global ethylene-petrochemicals market size will grow from $102.91 billion in 2022 to $105.71 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the ethylene-petrochemicals is expected to grow from $117.93 billion in 2027 at a CAGR of 2.8%.

During the historic period, increased demand for polythene products contributed to the ethylene-petrochemicals 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 demand for plastics. According to National Geographic (2020), 40% of the plastic produced every year is single-use plastics. Production of plastic is expected to double by 2050. These factors that have driven the adoption of polyethylene have impacted of the ethylene market growth.

Major players in the ethylene-petrochemicals 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.

Stringent government regulations related to the production and use of ethylene restrain the growth of the ethylene-petrochemicals market. Ethylene is combustible and carcinogenic in nature, making it dangerous to the environment. It is highly explosive and can cause light-headedness, dizziness, and unconsciousness when exposed. Several countries are implementing legislation for environmental protection, which will put pressure on the companies involved in the production of ethylene. For instance, in January 2020, a group of 364 environmental and other non-governmental organizations filed a petition with the U.S. Environmental Protection Agency (EPA) to revise standards applicable to petro-plastics production facilities. The petition requests the EPA to impose unprecedented controls on such facilities. Moreover, globally, governments are banning single-use plastics to curb plastic waste. For instance, in January 2020, China announced its plans to ban single-use plastics and promote recycling and green packaging. The restrictions laid on production would hamper the growth of the ethylene-petrochemicals market.

Ethylene-producing companies are investing in ways to develop bio-based green polyethylene compounds. These plastics are easy to produce, consume less energy and offer the same versatility as chemically synthesized plastic. Following the trend, in June 2021, Braskem, a Brazil-based biopolymer producer, launched the world’s first renewably-sourced polyethylene wax. This can be used for producing coatings, cosmetics, adhesives, and various other compounds.

In January 2020, Indorama Ventures, a Thailand-based intermediate petrochemical company completed the acquisition of ethylene business of Huntsman Corporation for $2 billion. This acquisition expanded Indorama Ventures' product profile by adding ethylene, ethylene oxide, and monoethylene glycol, as well as strengthening the PET feedstock supply chain and improving its position as a PET manufacturer. The deal gives Indorama Ventures access to a number of new derivative products, including propylene/PO derivatives, surfactants, ethanolamines, glycol ethers, and MTBE. Huntsman Corporation is a US-based manufacturer and marketer of chemical products.

Asia-Pacific was the largest region in the ethylene-petrochemicals market in 2022. Middle East was the second-largest region in the global ethylene-petrochemicals market analysis. The regions covered in the global ethylene-petrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the ethylene-petrochemicals market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The ethylene petrochemical market consists of the sales of ethylene petrochemicals in different compounds such as polyethylene (plastics), ethylene oxide or ethylene glycol, ethylene dichloride, and styrene. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The ethylene-petrochemicals market research report is one of a series of new reports from The Business Research Company that provides ethylene-petrochemicals market statistics, including ethylene-petrochemicals industry global market size, regional shares, competitors with an ethylene-petrochemicals market share, detailed ethylene-petrochemicals market segments, market trends and opportunities, and any further data you may need to thrive in the ethylene-petrochemicals industry. This ethylene-petrochemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

    Table Of Contents

    1. Executive Summary

    2. Ethylene Market Characteristics

    3. Ethylene Market Trends And Strategies

    4. Ethylene Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Ethylene Market

    4.2 Ukraine-Russia War Impact On Ethylene Market

    4.3 Impact Of High Inflation On Ethylene Market

    5. Ethylene Market Size And Growth

    5.1. Global Ethylene Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Ethylene Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Ethylene Market Segmentation

    6.1. Global Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Naphtha

    Ethane

    Propane

    Butane

    Other Feedstocks

    6.2. Global Ethylene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Packaging

    Automotive

    Construction

    Agrochemical

    Textile

    6.3. Global Ethylene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Polyethylene

    Ethylene oxide

    Ethylene benzene

    Ethylene dichloride

    Vinyl Acetate

    Alpha Olefins

    7. Ethylene Market Regional And Country Analysis

    7.1. Global Ethylene Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Ethylene Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Ethylene Market

    8.1. Asia-Pacific Ethylene Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Ethylene Market

    9.1. China Ethylene Market Overview

    9.2. China Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Ethylene Market

    10.1. India Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Ethylene Market

    11.1. Japan Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Ethylene Market

    12.1. Australia Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Ethylene Market

    13.1. Indonesia Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Ethylene Market

    14.1. South Korea Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Ethylene Market

    15.1. Western Europe Ethylene Market Overview

    15.2. Western Europe Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Ethylene Market

    16.1. UK Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Ethylene Market

    17.1. Germany Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Ethylene Market

    18.3. France Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Ethylene Market

    19.1. Eastern Europe Ethylene Market Overview

    19.2. Eastern Europe Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Ethylene Market

    20.1. Russia Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Ethylene Market

    21.1. North America Ethylene Market Overview

    21.2. North America Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Ethylene Market

    22.1. USA Ethylene Market Overview

    22.2. USA Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Ethylene Market

    23.1. South America Ethylene Market Overview

    23.2. South America Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Ethylene Market

    24.1. Brazil Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Ethylene Market

    25.1. Middle East Ethylene Market Overview

    25.2. Middle East Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Ethylene Market

    26.1. Africa Ethylene Market Overview

    26.2. Africa Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Ethylene Market Competitive Landscape And Company Profiles

    27.1. Ethylene Market Competitive Landscape

    27.2. Ethylene Market Company Profiles

    27.2.1. AkzoNobel

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. BASF SE

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Borealis

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Chevron Phillips Chemical Company LLC

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. China Petrochemical Corporation

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Ethylene Market

    29. Ethylene Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Ethylene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Ethylene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Ethylene Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Ethylene Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: AkzoNobel Financial Performance
  • Table 28: BASF SE Financial Performance
  • Table 29: Borealis Financial Performance
  • Table 30: Chevron Phillips Chemical Company LLC Financial Performance
  • Table 31: China Petrochemical Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Ethylene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Ethylene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Ethylene Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Ethylene Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: AkzoNobel Financial Performance
  • Figure 28: BASF SE Financial Performance
  • Figure 29: Borealis Financial Performance
  • Figure 30: Chevron Phillips Chemical Company LLC Financial Performance
  • Figure 31: China Petrochemical Corporation Financial Performance
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