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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Ethylene Market size was valued at US$ 188.2 billion in 2023 and is expected to grow at a CAGR of 8.7% from 2024 to 2030. The global market provides a detailed overview of the market size, and that can be segmented by application and by end-user. By application, the Ethylene Industry growth has been segmented into LDPE, HDPE, Ethylene oxide, Vinyls, and Others. The LDPE segment is likely to be the largest and fastest-growing segment in terms of application. The rise of this segment is mainly due to the rising consumer demand for the numerous plastic-based products from several industries such as construction, automotive, medical, and others. These plastic goods contain containers, tubes, and dispensing bottles. Moreover, the drift towards lightweight automobiles is boosting market growth. The HDPE segment is also likely to have significant development during the forecast period. The rising demand for high-density polyethylene HDPE can contribute to rising construction actions.
They are used for wiring, pipes, and tube in the construction business owing to high UV and chemical resistance thus beneficial for outside applications. They are also utilized as container vessels for shampoo, conditioner, laundry detergent, and others due to their little chemical resistance. All of the above features are likely to contribute to the market growth. Based on End-users, the Ethylene Industry is segmented into Packaging, Automotive, Construction, Agrochemicals, Textile, and Others. Among these, the Packaging end-user segment is expected to have the fastest-growing market during the forecast period 2022-2028. The lightweight and robust compression abilities of ethylene have raised its use and demand within the packaging industry for the manufacture of ethylbenzene and polyethylene, which helps defend packaged products in case of crushing or smashing. By region, the Asia Pacific market is expected to witness the highest market share during the forecast period.
Ethylene Market Key Development:
Study Period
2024-2030Base Year
2023CAGR
8.7%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
The increasing product use in producing polyethylene, in line with the enhanced usage of polyethylene in the packaging business, is anticipated to propel the market growth over the forecast years. Moreover, the increasing number of working people across the earth rising the demand for packaged food and beverage products is burgeoning the market growth over the forecast years.
Global ethylene industry market report gives comprehensive outlook on ethylene industry across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. APAC is considered to be front runner and is estimated to register a noteworthy CAGR of XX%. APAC is expected to lead the global market in the coming years. Rising use of plastics coupled with the growth of the retail and e-commerce industry, besides ongoing construction activities in several countries of APAC are some of the chief dynamics responsible for the growth of market in this region. The market in North America region is developing at a significant pace owing to the rising consumption of ethylene product in various end users such as packaging, automotive, construction, and others. It is foreseen that rising funds from the end-use industries is expected to drive the market in the near future.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 188.2 billion |
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Market CAGR |
8.7% |
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By Application Type |
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By End User Type |
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The ethylene market size was valued at US$ 188.2 billion in 2023
The ethylene market key players are: SABIC (Saudi Arabia) DowDuPont (U.S) Exxon Mobil Corporation (U.S.) Royal Dutch Shell plc (the Netherlands) China Petrochemical Corporation (China) Total SA (Italy) Chevron Phillips Chemical Company (U.S.) LyondellBasell Industries Holdings B.V. (the Netherlands) National Petrochemical Company (Iran) INEOS (Switzerland)
The ethylene market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.