According to ChemAnalyst report, “Global Ethylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, The Ethylene market is likely to experience a significant expansion and is expected to reach 260 million tonnes in 2035, at an anticipated CAGR of 4.09% during the forecast period. The increasing demand for Ethylene from Polyethylene, Ethylene Oxide, Ethylene Dichloride, Ethylene Benzene, and other end-use industries is expected to hike the demand for Ethylene in the coming years. Although, Polyethylene manufacturing is leading the market of Ethylene on a global level.

Ethylene is a colourless gas that has a fruity smell. It is produced by the steam-cracking process of ethane as well as naphtha. This process involves cracking hydrocarbon feedstock in a furnace, known as pyrolysis. Pyrolysis is a highly endothermic process and takes place at a temperature of nearly 750 degrees Celsius. Ethylene is used in the agricultural sector to ripen fruits such as tomatoes, bananas, mangoes, and more. Moreover, Ethylene is used for the chemical synthesis of various chemical compounds such as Polyethylene, Ethylene Oxide, Ethylene Dichloride, and Ethylene Benzene. Additionally, Ethylene is used as a refrigerant in petrochemical industries and as a fuel gas in welding and cutting processes.

Read the full report here: https://www.chemanalyst.com/industry-report/ethylene-market-638

The Polyethylene industry primarily drives the Ethylene market across the globe. Polyethylene has properties like excellent chemical and abrasion resistance, low coefficient of friction, lightweight nature, and exhibits almost no water absorption. Due to these reasons, polyethylene is used extensively in the food and beverage sector for packaging purposes. Polyethylene is also used to manufacture grocery bags, toys, cable insulation, squeeze bottles, cups, bowls, and housewares. Due to the rising urban population, the dependence on ready-to-eat items is expected to rise in the coming years, demanding more volume of polyethylene, which is expected to drive the Ethylene market in the forecast period. The demand for Ethylene is further pushed by its use as a precursor in the synthesis of Ethanol Oxide, which is used to synthesize compounds like (mono)ethanol glycol and ethanol amines.

The Ethylene market is segmented based on end-use, sales channel, and region. Based on end-uses, the Ethylene market is segregated into Polyethylene, Ethylene Oxide, Ethylene Dichloride, Ethylene Benzene, and others. The Polyethylene sector is the leading global Ethylene market consuming more than 50% of Ethylene in 2021. It is anticipated to remain the most significant consumer in the forecast period. The Ethylene Oxide industry also holds a prominent market share.

Asia Pacific dominates the global Ethylene market, consuming about with demand of more than 40% of the market share of global Ethylene among all other regions, and it is anticipated that it is expected to retain its position in the coming years. Asia Pacific was leading across the globe even as a producer and accounted for more than 30% of the global Ethylene production in 2021.

Read the full report here: https://www.chemanalyst.com/industry-report/ethylene-market-638

“Global Ethylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players functional in the Ethylene market include Sinopec, LyondellBasell, DowDupont, Exxon Mobil Corporation, INEOS, Chevron Phlips, Braskem, Formosa Plastics Group (Formosa Petrochemical Corp.), Zhejiang Petrochemical, PTT Global Chemical, PetroChina, Arabian Petrochemical Company, Yeochun NCC Co. Ltd., Royal Dutch Shell, and Kavian Petrochemical.

“The rapidly growing demand of Ethylene as a feedstock to produce various chemicals, primarily Polyethylene which is further utilized for food & beverage packaging and production of general commodities is anticipated to drive the Global Ethylene market in the forecast period until 2035. Continuous growing demand for Polyethylene due to its excellent properties like durability, flexibility, mouldable, and lightweight nature responsible for its applications in various industries is expected to result in Ethylene market expansion in the coming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.



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