Ethylene Market Analysis Size, Growth rate and Overview:
Ethylene Market was valued at USD xx
billion in 2017 and is expected to reach almost USD 230 Billion by the end of
2025, growing at a CAGR of
around xx% over the predicted period.
The main trend observed in the global ethylene market is the increase in investments to increase gas production capacity. Due to the large-scale use of ethane gas in various industries, many companies involved in its production are trying to increase its production capacity. Ethylene is a colorless flammable gas widely used in agriculture as a plant hormone to ripen fruits. It is also used in the chemical industry to produce ethylbenzene, polyethylene, ethylene dichloride and ethylene oxide. The ethylene market is expected to grow due to the growing demand for gas from end-user industries, such as consumer electronics, packaging and food and beverages.
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180 number of pages research report developed on Ethylene
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Ethylene Market Key Drivers, Challenges, and
Opportunities:
The main factor driving the growth of
the ethylene market is the reduction in gas production costs as a result of the
discovery of shale gas. The rapid increase in shale gas production in recent
years has resulted in an increase in the production of ethane, which is a raw
material for the production of ethylene. As a result, gas production is also
expected to grow at a steady pace in the near future. The decrease in gas
production costs, as well as capacity expansion plans for market players, will
continue to drive growth in the ethylene market during the forecast period.
The main factor that hinders the growth of the market is the implementation of strict government regulations regarding the production and use of ethylene. Since ethylene is a combustible and carcinogenic substance, the strict regulation of its use hinders the growth of its market. In addition, several countries have environmental protection laws that can put pressure on companies engaged in the production of hydrocarbon-based gases. In addition, volatility in the cost of raw materials makes market growth somewhat difficult.
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Ethylene Market – Regional Presence:
With
rapid urbanization and industrialization, the demand for ethylene-based
packaging materials is increasing exponentially in emerging economies. In
addition, the growing demand for cars and electronic products in the Asia
Pacific countries, such as China and India, is driving the growth of the
ethylene market, since ethene is a raw material used in cars and electronic
devices. In the coming years, it is expected that the middle class population
will increase in emerging countries, which would further stimulate the demand
for electronic products and automobiles in these countries. Therefore, the
higher gas demand from the end-use industries will open new perspectives for
the growth of active players in the market.
Some of
the Key Players Profiled in this Ethylene Market Report are:
DowDupont Inc., BASF SE, ExxonMobil Corporation, Chevron
Phillips Chemical Company, Formosa Plastics Corporation, INEOS Group, Sasol
Limited, Shell Chemical LP, Saudi Basic Industries Corporation, China Petroleum
& Chemical Corporation, LyondellBasell Industries N.V., National
Petrochemical Company, and Westlake Chemical Corporation.
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