World Ethylene Market Report 2022: Rising Gardening Trade Bolsters Sector – ResearchAndMarkets.com

0
106
Global Ethylene Market Report 2022: Growing Gardening Industry Bolsters Sector – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added Global Ethylene Market (By Production Capacity & Demand): Insights & Forecast with Potential Impact of COVID-19 (2023-2027) report ResearchAndMarkets.com Offer.

Global ethylene demand is projected to reach 244.67 million tonnes in 2027, growing at a CAGR of 1.82% for the period 2023-2027. Factors such as an increase in consumer goods sales, a growing gardening industry, an escalating rate of packaging, rising consumption of alcoholic beverages, and rapid urbanization would drive the growth of the market.

However, market growth would be challenged by fluctuations in ethylene prices, hazardous effects of ethylene oxide, and strict government regulations. Some notable trends may include increasing ethylene dichloride production capacity, growing petrochemical industry, and increasing demand for bio-based polyethylene.

The global ethylene market is heavily focused and concentrated on the production of polyethylene. Most of the ethylene produced is used for the development of high-density polyethylene (HDPE) and low-density polyethylene (LDPE) due to the growing demand from various end-use industries such as construction, automotive, packaging and others. Additionally, ethylene oxide is another major component derived from ethylene that is likely to occupy a significant share of the world market in the years to come.

The fastest growing regional market was the US due to the continued addition of new capacity through the installation of new ethylene crackers. In addition, in the past decade, China has become a leading region due to significant petrochemical industry development initiatives and policies by the Chinese government. Both regions have held significant shares and would continue to be the leading players in the global ethylene market during the forecast period.

scope of the report

  • The report provides a comprehensive analysis of the global ethylene market with the potential impact of COVID-19.

  • The main regional markets (USA, China, Middle East and North Africa, Europe and ROW) were analyzed.

  • The market dynamics such as growth drivers, market trends and challenges are analyzed in depth.

  • The company profiles of leading players (ExxonMobil, BASF SE, Mitsubishi Chemical Holdings, AkzoNobel, Borealis AG, Mitsui Chemicals) are also presented in detail.

Important target group

  • ethylene manufacturer

  • Natural gas and oil suppliers

  • raw material suppliers

  • End users (construction, automotive and packaging)

  • investment banks

  • government agencies and regulators

Main topics covered:

1. Overview

2. Effects of COVID-19

3. Global Market Analysis

4. Regional Market Analysis

5. Market Dynamics

5.1 Growth Drivers

5.1.1 Increase in sales of consumer goods

5.1.2 Growing garden industry

5.1.3 Escalating Packing Rate

5.1.4 Increasing consumption of alcoholic beverages

5.1.5 Growing urbanization

5.2 Key Trends and Developments

5.2.1 Increasing Production Capacity of Ethylene Dichloride

5.2.2 Growing petrochemical industry

5.2.3 Increasing demand for bio-based polyethylene

5.3 Challenges

5.3.1 Fluctuations in ethylene prices

5.3.2 Hazardous Effects of Ethylene Oxide

5.3.3 Strict Government Regulations

6. Company Profiles

companies mentioned

  • AkzoNobel

  • BASF SE

  • Borealis AG

  • Exxon Mobile

  • Mitsubishi Chemical Holdings

  • Mitsui Chemicals

For more information about this report, visit https://www.researchandmarkets.com/r/ghdvcn

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with current data on international and regional markets, key industries, the top companies, new products and the latest trends.