The Global Ethylene Market is segmented into Application and End-Use.
On the basis of the Application, the market is further classified into polyethylene, ethylene oxide, ethylene benzene, and ethylene dichloride segments.
On the basis of the End-Use, the market is subdivided into packaging, automotive, construction, agrochemical, textile, and others.
SABIC (Saudi Arabia)
Exxon Mobil Corporation (U.S.)
Royal Dutch Shell plc (the Netherlands)
China Petrochemical Corporation (China)
Total SA (Italy)
Chevron Phillips Chemical Company (U.S.)
LyondellBasell Industries Holdings B.V. (the Netherlands)
National Petrochemical Company (Iran)
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/931
Ethylene is a hydrocarbon gas which possesses a sweet smell and imparts corrosion and abrasion resistance features to the final product. Owing to these factors, they are used in the heavy end industries such as packaging, automotive, construction, agrochemical, textile, and others. The global ethylene market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading, owing to the increasing consumption of plastics in packaging, automotive, construction, agrochemical, textile, and others. It is estimated that the packaging segment is set to observe the highest CAGR in the market due to growing use of thermoplastics in containers, molded bottles, and other applications. The increasing demand for lightweight materials in construction & buildings, aviation sectors have propelled the market to witness a rapid growth during the forecast period. These factors led to China, Japan and India to be the leading players in this region.
The North American market is expected to grow at a higher CAGR due to extensive consumption of humid resistant plastics in construction & buildings, automobile sectors, and others. The growing replacement of heavy metals by polymers is projected to fuel the market in the coming years. The U.S., Canada, and Mexico have achieved a significant stage in the market due to rising per capita income and high disposable income in the end-use industries. Therefore, the growing demand for ethylene in automotive and aerospace sectors is estimated to drive the market during the forecast period.
A notable development is achieved in Europe due to the growing demand for thermoplastics in construction & buildings, packaging, textiles, and other industries. These materials are used to improve the features and the standard of the product. Moreover, the growing innovation and technological advancement have propelled the market to witness a higher growth. Owing to these factors, countries such as Germany, the U.K., and Italy are the major contributors to this market.
A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of thermoplastics in construction and buildings, automotive aerospace and energy sectors. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for low-density materials in major industries.
Have Any Query? Ask Our Expert @ https://www.marketresearchfuture.com/enquiry/931
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar