Ethylene Market to grow at a CAGR of over 11% till 2025
Growing
demand for ethylene and its derivatives from packaging and construction sector
to drive the global ethylene market through 2025
According to TechSci Research
report, “Global
Ethylene Market By End Use, By Region, Competition Forecast and Opportunities, 2011 -
2025, global
ethylene market is forecast to grow at a CAGR of 11.6%, during 2016-2025, in
value terms, on account of growing packaging industry, increasing application
of ethylene across automotive and building & construction sector. In 2011, global
automobile production stood at 79.88 million units and reached 90.78 million
units by 2015. With growth in automobile production, increase in demand for
ethylene derivatives was witnessed from the automotive industry and a similar
trend is expected to continue during 2016-2025. Moreover, development of coal to olefins technology as an
alternative way for ethylene production, lifting up of the sanctions in Iran are
expected to augment the ethylene production capacity, globally through 2025. Few
of the major producers of ethylene across the world includes Saudi Arabia Basic
Industries Corporation (SABIC), The Dow Chemical Company and ExxonMobil
Corporation.
Browse 16
market data Tables and 91 Figures spread through 152 Pages and an in-depth TOC on "Global
Ethylene Market"
https://www.techsciresearch.com/report/global-ethylene-market-by-end-use-polyethylene-pe-ethylene-oxide-ethylene-dichloride-edc-others-by-region-asia-pacific-north-america-middle-east-africa-europe-and-south-america-competition-forecast-and-opportunities/804.html
Polyethylene was
the largest end use segment in the global ethylene market in 2015 on account of
increasing demand for safe and high quality packaging material from various
sectors such as food & beverage, pharmaceuticals and chemicals. Moreover, increasing
application of ethylene derivatives such as ethylene oxide, for manufacturing high
quality plastic and disposable plastic products, in automobile sector and PET
market is expected to fuel the demand for ethylene, globally. Rising demand for
ethylene derivatives such as polyethylene (PE) and ethylene dichloride can be
attributed to their increasing application across plastic manufacturing industry.
In 2014, the global plastic materials (thermoplastics and polyurethanes) production
stood at 260 million metric tons. Asia-Pacific accounted for a share of around
46% in the overall plastics material production, while China alone controlled
26% of the global plastic materials production. Large manufacturing base of
plastic materials in Asia-Pacific generates strong demand for ethylene from the
region, owing to which the region controls the largest share in the global
ethylene market.
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“Asia-Pacific
region controls the largest share in the global ethylene market on account of
increasing demand for ethylene derivatives from packaging industry along with
automobile and construction sector. Over the next five years, the region is
expected to continue to controlling the largest share in the global ethylene
market on account continuous shift of manufacturing base of automobiles from
Western European countries towards Asia-Pacific countries, thereby generating
increased demand for ethylene in the region. Additionally, shale gas revolution
in the United States has enabled ethylene manufacturers in North America to produce
ethylene using lower priced feedstocks. Consequently, steady growth in ethylene
supply at cheaper rates is expected to drive the global ethylene market at a
promising rate.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Ethylene Market By End Use, By
Region, Competition Forecast and Opportunities, 2011 - 2025” has evaluated the future
growth potential of global ethylene market and provides statistics and information
on market size, structure and future market growth potential. The report intends
to provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in global
ethylene market.
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