Sector Growing Demand for Bio-based Polyethylene Bolsters

DUBLIN, Jan. 20, 2023 /PRNewswire/ — The “Global Ethylene Market (By Production Capacity & Demand): Insights & Forecast with Potential Impact of COVID-19 (2023-2027)” Report has been added  ResearchAndMarkets.com’s offering.

Global ethylene demand is expected to rise at a CAGR 1.82% between 2023 and 2027. This will result in a global market of 244.67 million tonnes. The market’s growth would be driven by factors such as an increase in sales of consumer products, a growing gardening industry, increasing packaging rates, rising alcohol consumption, and surging urbanization.

The market growth would be limited by fluctuations in ethylene price, the dangerous effect of ethylene dioxide and stringent government regulations. Some notable trends include a growing production capacity for ethylene dichloride and a growing petrochemical sector. There is also a rising demand for bio-based ethylene.

The production of polyethylene is the main focus of the global ethylene market. The majority of the ethylene that is produced is used to produce high-density (HDPE), and low density (LDPE) ethylene. This is due to increasing demand from different end-use industries like construction, automotive, packaging, and other. Another major component that is derived ethylene is ethylene oxide. This is expected to continue to dominate the global market for ethylene in the coming years.

Due to continuous growth of the U.S. market, it was the fastest growing due to new capacity and the installation of ethylene crackers. Further, China As a result of significant Chinese government policies for the development and expansion of the petrochemical sector, China has emerged as a leading region for ethylene production over the past decade. Both these regions hold significant shares of the global market for ethylene and they will continue to be so in the future.

Scope of this report

• This report examines the global ethylene market and its potential impact on COVID-19.

• The U.S.’s major regional markets China, Middle East & North Africa, Europe The data were analysed for ROW and ROW.

• In-depth analysis of market dynamics, including growth drivers, market trends, and challenges is done.

• You will also find detailed information about the company profiles of some of the most prominent players (ExxonMobil and BASF SE, Mitsubishi Chemical Holdingss, AkzoNobel and Borealis AG respectively, Mitsui Chemicals).

Key Target Audience

• Ethylene manufacturers

• Natural Gas & Petroleum Suppliers

• Suppliers of raw material

• End users (Construction/Automotive/Padding)

• Investment Banks

• Government Bodies & Regulating Authorities

We cover the following key topics:

1. Overview

2. Impact 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 The Growing Gardening Industries
5.1.3 The Escalating Rate for Packaging
5.1.4 Increased Consumption Of Alcoholic Beverages
5.1.5 Urbanization at a Peak
5.2 Key Trends, Developments
5.2.1 Growing Production Capacity for Ethylene Dichloride
5.2.2 The Growing Petrochemical Industry
5.2.3 Increased Demand for Biobased Polyethylene
5.3 Challenges
5.3.1 Fluctuations In Ethylene Price
5.3.2 Dangerous Effects of Ethylene Oxide
5.3.3 Stringent Government Regulations

6. Company Profiles

Companies Mentioned

This report has more information, visit https://www.researchandmarkets.com/r/i2q98u

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SOURCE Research and Markets