Ethylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Sep 2021

[Online Quarterly Update]Ethylene Market has shown significant growth as it reached 84 million tonnes in 2020 and is anticipated to achieve a healthy CAGR of 4.7% during the forecast period 2022-2030. Ethylene (H₂C=CH₂) is a colorless flammable gaseous compound that has a faint and pleasing sweet smell. It is an important industrial chemical that is extensively used in the industry, as approximately 90% of the chemical is used in the production of Ethylene Oxide, Ethylene Dichloride, Ethylbenzene and Polyethylene. Plants naturally produce Ethylene, and it is considered as an important plant hormone, widely used in the agriculture industry to fasten the process of ripening of fruits and opening of flowers. Technologies that are used for the production of Ethylene include steam cracking, Oxidative coupling of Methane, Fischer-Tropsch synthesis, Methanol-to-Olefins, and catalytic dehydrogenation. Steam cracking method is widely used in Asia Pacific and Europe to obtain Ethylene from cracking naphtha, gasoil, etc. It is a valuable commodity chemical for numerous industrial and commercial applications. 
 
On the basis of end-user industries, market is segmented into automotive, packaging, agrochemicals, food and beverage, textile, personal care, pharmaceuticals, detergents, and others. Increased production of Ethylene Oxide/Ethylene Glycol as it is used for making Polyester is driving the demand for Ethylene in the textile industry. Growing demand of Ethylene Dichloride as it is used in PVC pipes, medical devices, clothing, and others is expected to provide a robust growth for the growth of market in the upcoming years. Due to rapid urbanization around the world, the demand for packaged food and beverages is increasing, which is exponentially driving the demand of Polyethylene by the Packaging industry and is likely to flourish the Ethylene market in the next ten years. As Polyethylene is used in Plastics, the surging demand of HDPE and LDPE from several end use industries, including automotive, construction, consumer goods, and others, will boost the market of Ethylene across the globe in upcoming years. The developing automotive industry is another key driver, augmenting the Ethylene market owing to increasing demand of Polyethylene in fuel tanks, car bodies, wires, cables, electrical insulations, etc. and is expected to drive the market until 2030. The rise in construction and infrastructure activities is further propelling the demand of Polyethylene, which will strengthen the market of Ethylene in the next few years. 
 
Due to the onset of COVID-19, in 2020, Ethylene market witnessed a major slow down. leading authorities in major emerging economies imposed countrywide lockdowns due to which many end-user industries temporarily halted their operations and production in order to curb the spread of coronavirus. Industries including construction, automotive, packaging, agrochemicals, food and beverage, textile and others that largely consumes Ethanol were drastically affected during the first half of 2020. However, personal care and pharmaceuticals industry witnessed a substantial rise due to the increased demand of detergents and sanitizers during the covid times. As the lockdown restrictions are slowly uplifting, the markets and operations are resuming, which is likely to boost the demand of Ethylene to a great extent by the end of the year. 
 
Region wise, Asia Pacific region dominates the Ethylene market is anticipated to maintain its dominance until 2030. Developments in major end-user industries including packaging, automobile, agrochemical, construction and others is driving the dominance of the Ethylene market in the Asia Pacific region. Due to rapid urbanization and industrialization in emerging economies like China and India, the demand of Polyethylene based products by the agrochemical and packaging industry is increasing, which is likely to accelerate the overall demand of Ethylene, further boosting the Ethylene market around the world.   
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
 
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Objective of the Study: 
 
• To assess the demand-supply scenario of Ethylene which covers production, demand and supply of Ethylene market globally.
• To analyse and forecast the market size of Ethylene.
• To classify and forecast global Ethylene market based on application, technology, end-use and regional distribution.
• To identify drivers and challenges for global Ethylene market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Ethylene market.
• To identify and analyse the profile of leading players involved in the manufacturing of Ethylene.
 
Major players for Ethylene globally include SABIC, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, Royal Dutch Shell, LyondellBasell Industries Holdings B.V., Repsol, BASF SE, SASOL, Mitsubishi Chemical Corporation, Nova Chemicals Corporation, Chevron Phillips Chemical Company, Borealis AG and Others. 
 
To extract data for global Ethylene market, primary research surveys were conducted with Ethylene manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Ethylene market over the coming years. 
 
ChemAnalyst calculated Ethylene demand globally by analyzing the historical data and demand forecast which was carried out considering imported Ethylene, styrene prices, monomers used for production of Ethylene. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
• Ethylene manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethylene distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethylene manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:
 
In this report, global Ethylene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
84 million Tonnes
Growth Rate
CAGR of 4.7% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2021 – 2030
Quantitative units
Revenue in USD million/billion and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1. Application (Ethylene Oxide, Ethylene Dichloride, Ethylene Glycol    Ethylbenzene, Polyethylene and Others)
2. End-Use (Automotive, Packaging, Agrochemicals, Textile, Personal care, Pharmaceuticals and Others)
3. Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
SABIC, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, Royal Dutch Shell, LyondellBasell Industries Holdings B.V., Repsol, BASF SE, SASOL, Mitsubishi Chemical Corporation, Nova Chemicals Corporation, Chevron Phillips Chemical Company, Borealis AG and Others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs. Explore purchase options
 
Available Customizations:
 
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. The following customization options are available for the report:
 
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com

Frequently Asked Questions (FAQ):

What are the major applications of Ethylene? 

They are extensively used in the production of including Ethylene Oxide, Ethylene Dichloride, Ethylene Glycol Ethylbenzene, Polyethylene and Others.

Which region demands the maximum share in the global Ethylene market as of 2020?

Asia-Pacific region holds the maximum share of the global Ethylene market owing to the developments in the major end-user industries.

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