Our latest research report entitled Ethylene Market (by application (polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, and other applications), end-user (packaging, automotive, construction, agrochemical, textile, and other end-user)) provides complete and deep insights into the market dynamics and growth of Ethylene. The latest information on market risks, industry chain structure Ethylene cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Ethylene growth factors.
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Increasing Demand for Ethylene Derivatives in Packaging is the Key Factor Driving the Growth
Ethylene is a colorless flammable hydrocarbon gas of the alkene series. It is derived from natural gas and petroleum and also occurring as a 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, which is used in industry as well as a feedstock. Ethylene is mainly used as a feedstock in the manufacture of varied chemical compounds including ethylene benzene, ethylene oxide, polyethylene, vinyl acetate, and alpha-olefins. The derivatives of these compounds are used in industrial applications such as packaging, automotive, agrochemicals, detergents and soaps, and construction and textiles.
The increasing demand for ethylene derivatives in packaging is the key factor driving the growth of the ethylene market. The rising demand for ethylene products from the construction industry is another factor driving the growth of this market. Increasing usage of ethylene end products such as ethylene dichloride, polyethylene, and ethylbenzene also supports the growth of this market.
Moreover, demand from automotive applications is also anticipated to motivate the growth of the ethylene market. However, fluctuating prices of crude oil which is necessary for the production of ethylene and its derivate, as well as the strict government regulations regarding the production of ethylene, are the prime restraining factor of the ethylene market. Furthermore, using coal as the feedstock to produce ethylene by many countries is generating more growth opportunities in this market.
Asia-Pacific Region Holds a Significant Share
As per the geography, the Asia-Pacific region holds a significant share in the ethylene market. Factors such as increasing usage of polyethylene in packaging, pipes and elastic film applications drive the growth of the market in the Asia Pacific region. Further, growing packaging, automotive, construction, and textile end-use industries are anticipated to boost the Asia Pacific ethylene market. Moreover, North America and Europe region are expected to grow at a moderate pace due to a lack of crude oil availability and regulatory issues relating to the production of ethylene.
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Report on Global Ethylene Market Covers Segments such as Application and End-User
On the basis of application, the sub-markets include polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, and other applications. On the basis of end-user, the sub-markets include packaging, automotive, construction, agrochemical, textile, and other end-user.
The report provides profiles of the companies in the market such as 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, Lonza Group, and Other companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-ethylene-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Ethylene.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.