Global Ethylene Market 2019-2023 | Emergence of Bio-Ethylene to Boost the Market | Technavio
New market research study by Technavio on the global
ethylene market projects the market to grow at a CAGR of
close to 4% during the period 2019-2023. This research report provides
an in-depth analysis of the market in terms of revenue, top drivers and
emerging market trends. It also includes detailed insights and forecasts
for all the market segments across different geographies.
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Technavio has published a new market research report on the global ethylene market from 2019-2023. (Graphic: Business Wire)
Increasing demand for polyethylene products from various industries
Ethylene is primarily used in polyethylene products such as LDPE, LLDPE,
and HDPE. The polyethylene market is growing at a significant rate owing
to the increasing demand for plastic across the world. The use of
lightweight products in vehicles has increased the consumption of
plastics in the automotive industry. Plastics are also predominantly
used in electronic products, thereby, the high penetration of these
products is impacting the demand for plastic. Furthermore, the growing
residential and non-residential construction spending is also resulting
in an increase in the consumption of HDPE plastic resins. All these
factors are driving the adoption of polyethylene, which, in turn, will
impact the growth of the ethylene market size in the coming years.
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Emergence of bio-ethylene
With the fluctuating prices of crude oil and depleting resources for
fossil fuels, the need for biochemical routes for producing ethylene is
increasing significantly. Bio-ethanol is an alternative feedstock which
is used to produce bio-ethylene. The US and Brazil are the major
producers of bio-ethanol made from corn and sugarcane, respectively.
Although bio-ethylene currently accounts for a very small share of the
global ethylene market, the scenario is expected to change during the
forecast period. This is mainly technological advances in bio-based
production methods will lead to an increase preference for bio-ethylene.
According to a senior analyst at Technavio, “Apart from the emergence
of bio-ethylene, other factors such as increasing innovation in the
packaging sector, and the development of new ethylene projects in the US
will have a significant impact on the growth of the ethylene market
during the forecast period.”
Volatility in raw material prices
Ethylene is manufactured from components such as LPG, ethane, naphtha,
and others. The price of these products is directly related to the price
of natural gas and crude oil. Crude oil prices are extremely volatile
due to the demand-supply imbalance and the unstable political situation
in the Middle East. Therefore, ethylene manufacturers need to plan in
advance so that the price of the final ethylene product does not vary
drastically because of fluctuating raw material prices.
Top players in the global ethylene market:
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China Petroleum & Chemical
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DowDuPont
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Exxon Mobil
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LyondellBasell Industries Holdings
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SABIC
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Shell International
Some of the key topics covered in the global
ethylene market include:
Market Landscape
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Market ecosystem
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Market characteristics
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Market segmentation analysis
Market Sizing
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Market definition
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Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
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Regional comparison
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Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
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Vendors covered
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Vendor classification
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Market positioning of vendors
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Competitive scenario
About Technavio
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companies to assess their competitive position within changing market
scenarios.
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