Recent Research Explores the Global Ethylene Market 2023
The
report on Ethylene by Infinium Global Research analyses the Ethylene Market
over the period of 2017 to 2023. This report also provides detailed qualitative
and quantitative analyses of the market dynamics, market size and future trends
in Global Ethylene Market. It will help a lot of decision makers to develop strategies
and find new opportunities in the Global Ethylene Market.
Ethylene
is a colorless flammable hydrocarbon gas of the alkene series derived from
natural gas and petroleum and also occurring as natural plant hormone used as a
source of many organic compounds, in welding and cutting metals, ripening of
fruits, and as an anesthetic. Ethylene is a gas with a slightly sweet smell
that burns easily, used in industry as well as a feedstock. Ethylene is mainly
used as a feedstock in the manufacture of varied of chemical compounds
including ethylene benzene, ethylene oxide, polyethylene, vinyl acetate and
alpha olefins. The derivatives of these compounds are used industrial
applications such as packaging, automotive, agrochemicals, detergents and soaps
and construction and textiles.
Market Insights
The global ethylene
market was sized over USD 170.5 billion in 2015. The global ethylene market is
projected to reach USD 253 billion by 2023, growing with a CAGR of 5.7% to 6.4%
from 2017 to 2023. The increasing demand for ethylene derivatives in packaging
is the key factor driving the growth of global ethylene market over the
forecast period. Rising demand of ethylene derivatives from construction
industry is another factor driving the growth of this market, increasing usage
of ethylene derivatives such as ethylene dichloride, polyethylene and ethyl
benzene drive this market in application segment. Moreover, demand from
automotive applications is also anticipated to drive the growth of global
ethylene market over the forecast period. However, fluctuating prices of crude
oil which is basically needed for the production of ethylene and its derivates
as well as the stringent government regulations regarding the production of
ethylene are the prime restraining factor of global ethylene market.
Furthermore, using coal as the feedstock to produce ethylene by many countries
will bring more opportunities to this market. Growing consumption and
increasing plans of government to invest in infrastructure development will
likely to bring more opportunities.
Segments Covered:
The
report segments the global ethylene market by application, by end-user, and region.
The application includes polyethylene, ethylene oxide, ethylene benzene,
ethylene dichloride and others. On the basis of end-user, the market has been
segmented into packaging, automotive, construction, agrochemical, textile and
others.
Key topics covered:
1.
Preface
2.
Executive Summary
3.
Global Ethylene Market Overview
4.
Global Ethylene Market: IGR Snapshots
5.
Global Ethylene market by Application (USD Million, KT) 2017 – 2023
6.
Global Ethylene market by End-User (USD Million, KT) 2017 – 2023
7.
Global Ethylene Market Analysis, by Region (USD Million, KT) 2017 – 2023
8.
Company Profiles
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