Ethylene Market Analysis Report Said: Global CAGR of 6.1% by 2026 | Technological Advancement and Emerging Trends

The global expansion of food industry and several applications in packaging are driving the demand for ethylene market.

Market Size - USD 92.30 Billion in 2018, Market Growth - CAGR of 6.1%, Market Trends - High demand for polyethylene.

The global Ethylene market is forecast to reach USD 158.84 Billion by 2027, according to a new report by Reports and Data. Ethylene is a monomer derived from petrochemical, which finds several use in end-use products, including fibers, and plastics. Ethylene is also very useful in manufacturing organic chemicals.

Ethylene is used in the chemical industry, and most of it goes toward polyethylene, which is a widely used plastic containing polymer chains of ethylene units in various chain lengths. It is also an important natural plant hormone and is used in agriculture to force the ripening of fruits.

Ethylene is the lightest olefin hydrocarbon with naphtha and ethane as major sources. The factors contributing to the growth of the market are the expansion of the food industry and high demand for polyethylene. High demand for aseptic packaging in beverage industries is driving the growth of the market. Ethylene is one of the most important organic chemicals by volume. It is the building block for a vast range of chemicals, from antifreeze solutions and solvents to plastics.

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Key participants include Exxon Mobil Corporation, Chevron Philips Chemical Company LLC, The Dow Chemical Company, Saudi Basic Industries Corporation, Sinopec Corporation, Lyondell Basell Industries, Royal Dutch Shell plc. INEOS Group AG, Lonza Group, and BASF SE, among others.

For the purpose of this report, Reports and Data have segmented into the global Ethylene market on the basis of feedstock, application, end-users, and region:

Feedstock Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Naphtha
Ethane
Propane
Butane
Others

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Polyethylene
Ethylene Oxide
Ethyl Benzene
Ethylene Dichloride
Others

End-Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Building and Construction
Automotive
Textiles
Packaging
Agrochemicals

Market Segmentation by Regions:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

To buy this research report on the Ethylene Market segmented by Types, Applications, Regions, and Manufacturers, Forecast to 2026 @ https://www.reportsanddata.com/checkout-form/2336

Further key findings from the report suggest
The automotive sector is increasingly demanding Ethylene to increase the use of plastic components to reduce weight and achieve minimum emissions. The automotive segment is forecasted to grow with a CAGR of 5.9% during the forecast period.
Ethylene is produced by the thermal cracking of naphtha which is an energy-intensive process (up to 40 GJ heat per tonne ethylene), leading to significant formation of coke and nitrogen oxide (NOx), along with 1.8-2 kg of carbon dioxide (CO2) emission per kilogram of ethylene produced.
The increase in the number of construction activities all across the globe has increased the demand for high-density polyethylene (HDPE) resins in the manufacture of pipes, telephone ducts, electrical boxes, and plumbing. The growth in the construction sector has also increased the demand for HDPE for other applications such as geosynthetics, storage tanks, and decorative items.
APAC will lead the demand for ethylene market as countries like China and India exhibit a strong demand for plastics. An increase in the purchasing power of consumers, rapid advancement in technology, and high penetration of electronics in these industries are driving the demand of the market product in the region.

Following questions are answered in this report:
What is the estimated market size in terms of value and volume for the forecast duration by the year 2027?
Which segment promises to deliver the highest growth rate in the market?
Which region is expected to grow at a considerable pace in the coming years?
Which players dominate the global market in the forecast period?
What are the drivers and restraints affecting the market growth?

Browse through the Complete Report https://www.reportsanddata.com/report-detail/ethylene-market

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