Ethylene Market by Product Type, Revenue, Market Share And Growth Rate By 2023

Ethylene Market |Trends, Size, Top 10 Key Players & Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023

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Ethylene Market Research Report – Global Forecast to 2023

Market Overview / Study Objective / Synopsis

Ethylene belongs to a class of organic compounds that contain carbon-carbon double bonds. The product is obtained from petroleum or natural gas in the form of flammable gas. It is colorless in nature with a characteristic sweet smell. Moreover, its lightweight nature, flexibility, and durable nature are the important trends and factors promoting the market positively. Therefore, they are used in various applications such as packaging, automotive, construction, agrochemical, textile, and others.

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Ethylene Market Research Report – Global Forecast to 2023

Competitive Analysis

Among the various segments in ethylene market, the polyethylene segment has witnessed a significant growth due to its extensive use in plastic bags, plastic films, geomembranes, and others. It is estimated that the ethylene oxide segment is set to grow at a higher CAGR on account of increasing demand for the product in automotive coolants, industrial coolants, detergents, and others. It is widely used as an intermediate in the production of flexible and rigid polyurethane foams, brake fluids, water-soluble solvents, and others

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Ethylene Market Research Report – Global Forecast to 2023

Top 10 Global key Players & Their Strategy          

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SABIC (Saudi Arabia), DowDuPont (U.S), 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), Ineos (Switzerland), among others.

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Ethylene Market Research Report – Global Forecast to 2023

Segmentation Analysis

The global Ethylene market is segmented into type and application. On the basis of product, the market is segregated into benzene, toluene, o-xylene, p-xylene, and rubber segments. The market by application is further categorized into paints & coating, automotive, pharmaceuticals, oil & gas, chemicals, and others.

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Ethylene Market Research Report – Global Forecast to 2023

Regional Analysis

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.

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