Press release
Ethylene Market 2023 | Emerging Technologies, Business Trends | Saudi Basic Industries Corp, Exxon Mobil Corporation
As per the report published by The Brainy Insights, Global ethylene market is expected to reach USD 161.61 Billion by 2028, at a CAGR of 8.3% from 2021 to 2028.The Asia Pacific region emerged as the largest market for the Ethylene market, with a market value of 26.42 billion in 2020. This is due to the rapid industrialization and expansion of end-user industries such as packaging, automotive, construction, agrochemical, textile, and others in the region. Fast-paced industrialization and urbanization in emerging economies coupled with the presence of major agricultural countries in this region have resulted in high demand for polyethylene-based products. There is urbanization and industrialization happening at a rapid pace in the emerging economies in the region like China, India etc. Also, the cheap labour and availability of raw materials in the region are also helping in the spreading of the market in the region. Due to rapid urbanization, the construction industry is very much prospering in the emerging economies. Also, the use of advanced material in the construction of building is driving this market. North America is expected to have the highest CAGR in the forecasting period.
Get more insights from the 230-page market research report @ https://www.thebrainyinsights.com/enquiry/sample-request/12534
Ethylene Market Size by Feedstock (Naphtha, Ethane, Propane, Butane), Application (Polyethylene, Ethylene Oxide, Ethyl Benzene, Ethylene Dichloride), End User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028
Key players in the global Ethylene market include Saudi Basic Industries Corp, Exxon Mobil Corporation, Dow DuPont Inc., Royal Dutch Shell plc, China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company LLC, LyondellBasell Industries N.V., The National Petrochemical Company, BASF SE and Lonza Group among others.
The feedstock segment is divided into Naphtha, Ethane, Propane, Butane and Others. As of 2020, Naphtha is the leading feedstock segment of the global ethylene market with a market value of USD 23.34 Billion. Ethane is followed by Naptha, which is the largest source of feedstock in most parts of the world. Ethylene is also widely in demand by textile, construction, packaging and plastics market. The application segment includes Polyethylene, ethylene oxide, ethylbenzene, ethylene dichloride and others. As of 2020, Polyethylene is the leading application segment of the global ethylene market with 56.18%. The demand form consumable goods segment like packaging materials, residential purposes goods, films and articles for large industrial uses are the market drivers for the market. Ethylene Oxides are broadly used in end-user segments which includes polyester films, PET bottles and fibres. Hence growth of ethylene oxide is predicted to have the highest growth rate in the near future. The end-user segment includes building & construction, automotive, textiles, packaging and agrochemicals. In terms of end-users, the packaging segment held the highest market value of USD 24.47 Billion in 2020. Agrochemicals will be the fastest-growing segments during the forecast period
The volatile prices of crude oil is one of the restraining forces. The fluctuating prices of crude oil, which is essential for the production of ethylene and its derivate are the major restraint for the market.
Custom Requirements can be requested for this report @ https://www.thebrainyinsights.com/enquiry/request-customization/12534
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirements whether they are looking to expand or planning to launch a new product in the global market.
Contact Us
Avinash D
Head of Business Development
Phone: +1-315-215-1633
Email: sales@thebrainyinsights.com
Web: www.thebrainyinsights.com
Get more insights from the 230-page market research report @ https://www.thebrainyinsights.com/enquiry/sample-request/12534
Ethylene Market Size by Feedstock (Naphtha, Ethane, Propane, Butane), Application (Polyethylene, Ethylene Oxide, Ethyl Benzene, Ethylene Dichloride), End User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028
Key players in the global Ethylene market include Saudi Basic Industries Corp, Exxon Mobil Corporation, Dow DuPont Inc., Royal Dutch Shell plc, China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company LLC, LyondellBasell Industries N.V., The National Petrochemical Company, BASF SE and Lonza Group among others.
The feedstock segment is divided into Naphtha, Ethane, Propane, Butane and Others. As of 2020, Naphtha is the leading feedstock segment of the global ethylene market with a market value of USD 23.34 Billion. Ethane is followed by Naptha, which is the largest source of feedstock in most parts of the world. Ethylene is also widely in demand by textile, construction, packaging and plastics market. The application segment includes Polyethylene, ethylene oxide, ethylbenzene, ethylene dichloride and others. As of 2020, Polyethylene is the leading application segment of the global ethylene market with 56.18%. The demand form consumable goods segment like packaging materials, residential purposes goods, films and articles for large industrial uses are the market drivers for the market. Ethylene Oxides are broadly used in end-user segments which includes polyester films, PET bottles and fibres. Hence growth of ethylene oxide is predicted to have the highest growth rate in the near future. The end-user segment includes building & construction, automotive, textiles, packaging and agrochemicals. In terms of end-users, the packaging segment held the highest market value of USD 24.47 Billion in 2020. Agrochemicals will be the fastest-growing segments during the forecast period
The volatile prices of crude oil is one of the restraining forces. The fluctuating prices of crude oil, which is essential for the production of ethylene and its derivate are the major restraint for the market.
Custom Requirements can be requested for this report @ https://www.thebrainyinsights.com/enquiry/request-customization/12534
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirements whether they are looking to expand or planning to launch a new product in the global market.
Contact Us
Avinash D
Head of Business Development
Phone: +1-315-215-1633
Email: sales@thebrainyinsights.com
Web: www.thebrainyinsights.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
