Salemonline Journal

Ethylene Market worth US$195.3 Billion by 2027 at a growth rate of 5.4% – IndustryARC

 Breaking News
  • No posts were found

Ethylene Market worth US$195.3 Billion by 2027 at a growth rate of 5.4% – IndustryARC

September 12
11:35 2022
Ethylene Market worth US$195.3 Billion by 2027 at a growth rate of 5.4% - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Global Ethylene Market size is estimated to reach US$195.3 billion by 2027, growing at a CAGR of around 5.4% from 2022 to 2027. Growing demand from packaging and metal fabrication application.

IndustryARC, in its latest report, predicts that Ethylene Market size is estimated to reach US$195.3 billion by 2027, growing at a CAGR of around 5.4% from 2022 to 2027. Rising application of ethylene in construction, packaging, agriculture, and other end-use industries is offering growth opportunities during the forecast period. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

 

Key takeaways:

This IndustryARC report on the Ethylene Market highlights the following areas –

1. The global ethylene market size will increase owing to increasing demand for ethylene in packaging, agriculture, construction, and automotive end-use industry.

2. The Asia Pacific region held the largest market share in the global ethylene industry due to boosting plastic production, packaged food trends, and agriculture sector, in thereby leading to high demand of ethylene in this region.

3. The oxidative dehydrogenation technology type for ethylene production is growing due to low carbon emission and cost efficiency in the market.

 

Interested in knowing more relevant information? Click here:

https://www.industryarc.com/pdfdownload.php?id=511547

 

Segmental Analysis:

1. Oxidative Dehydrogenation Segment held the largest global ethylene market share and is expected to grow by over 5.1% during the forecast period. The production of ethylene through steam cracking of ethane or naphtha is growing due to its lower carbon emission and low wastage of energy.

2. Polyethylene Segment accounted for the largest share in the global ethylene market and is expected to grow by around 5.9% during the forecast period. The high demand of polyethylene is influenced by its increasing application in the plastics manufacturing.

3. According to the Indian Institute of Packaging (IIP), the packaging consumption increased from 4.3 kgs per person per annum to around 8.5 kgs per person per annum in 2019-2020.

4. Packaging Segment holds the largest global ethylene market share and will grow at a CAGR of over 6.2% during the forecast period. The growth of ethylene in packaging industry is influenced by its rising demand and application in plastic packaging forms, majorly polyethylene.

5. According to the Associated Chambers of Commerce and Industry of India, the packaged food sector expected to reach USD 102 million in 2020. Moreover, the rise in application of ethylene in plastics for the packaging sector is offering major drive in the market and will boost the growth opportunities for global ethylene market in the coming years.

6. Asia Pacific segment is the fastest-growing region in the global ethylene market for the year 2021 and will grow by over 35.0% during the forecast period. The global ethylene market is growing in the APAC region due to its rising demand in packaging, agriculture, construction, and other end-use industries.

7. According to the World Bank and OECD national data, the value added by agriculture sector in the GDP accounted to 7.6% for 2020 in China. Moreover, the ethylene has major demand for plastic packaging applications in the food sector, due to increasing growth of packaged foods in APAC. 

 

Competitive Landscape:

The top 5 players in the Ethylene industry are –

1. Westlake Chemical Corporation

2. Repsol

3. Chevron Phillips Chemical Company

4. Lonza Group

5. Exxon Mobil Corporation

 

Click on the following link to buy the Ethylene Market Report:

https://www.industryarc.com/reports/request-quote?id=511547

 

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Email: [email protected]

USA: (+1) 614-588-8538, (+1) 815-656-4596

 

Similar Reports:

A. Ethylene Copolymers Market

https://www.industryarc.com/Report/1278/ethylene-copolymers-market-analysis.html

B. Ethylene Tetrafluoroethylene Market

https://www.industryarc.com/Research/Ethylene-Tetrafluoroethylene-Market-Research-502911

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/Research/Global-Ethylene-Market-Research-511547

Related Articles