iCrowdNewswire Dec 7, 2020 5:00 AM ET
Global Ethylene Market
Ethylene is colorless gas usually have a sweet and unpleasant smell and taste. It is derived from natural gas and petroleum and is widely used to heal aging process in plants. Ethylene is mainly used for polymerization, oxidation, alkylation, halogenations, hydration, and hydrohalogenation and others. Ethylene does not dissolve in water, but mixes well with most organic solvents.
The increase in demand for ethylene oxide for the manufacturing of plastics expected to boost the global ethylene market growth during this forecast period. Furthermore, the growing production of shale gas is increasing ethane production will positively influence the market growth. Also, low production cost of the gas will drive the growth of the global ethylene market. Moreover, the rise in demand for ethylene from various end users will support the market growth. Polyethylene is commonly used in manufacturing car bodies, wiring & cables, electrical insulation, fuel tanks, and others which anticipated to drive the demand for ethylene in the market during this forecast timeline.
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Fluctuation in the price of raw material is major restraint which expected to hamper the global ethylene market growth over the forecast period. Also, strict government rules and regulations related to the use of ethylene may affect the market growth.
Market Key Players
Various key players are discussed in this report such as SABIC, NOVA Chemicals Corporation, Mitsubishi Chemical Corporation, Sasol, Westlake Chemical Corporation, BASF SE, Repsol, China National Petroleum Corporation , LyondellBasell Industries Holdings B.V., Chevron Phillips Chemical Company, China Petroleum & Chemical Corporation, Dow, Exxon Mobil Corporation, etc.
The market overview section encompasses all aspects of the Ethylene Market, promoting or restraining its expansion. Boosters and constraints of the Ethylene Market have been studied meticulously. Strategic research methodologies were adopted for maintaining accuracy in results, obtained from primary and secondary research. Our skilled analysts scientifically investigated the compound annual growth rate (CAGR) and the approximate revenue the Ethylene Market can generate over the assessment period. A bottom-up approach has been maintained throughout the research. The distinctive nature of the report on the Ethylene Market is evident from the segmental study section.
- Ethylene Dichloride
- Ethyl Benzene
- Ethylene Oxide
By End user
- Building & Construction
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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