Transparency Market Research has released a new market report titled “Ethylene Market for Polyethylene, Ethylene Oxide, Ethylene Benzene, Ethylene Dichloride and Others, and Packaging, Automotive, Construction, Agrochemical, Textile and Other End-users – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.” According to the report, the global ethylene market was valued at US$ 156.0 Bn in 2013 and is projected to reach US$ 234.2 Bn by 2020, expanding at a CAGR of 6.0% from 2014 to 2020
Browse the full report of Ethylene Market: http://www.transparencymarketresearch.com/ethylene-market.html
Ethylene is produced from petrochemicals by steam cracking. It is particularly used for producing polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, vinyl acetate, and alfa olefins. These compounds and their derivatives such as ultra-high-molecular-weight polyethylene (UHMWPE), high-density polyethylene (HDPE), low-density polyethylene (LDPE), ethylene glycol, glycol ethers, ethanolamine, and acrylonitrile are used in end-user markets such as packaging, automotive, construction, agrochemicals, textiles, and soaps and detergents. In terms of regions, Asia Pacific was the largest segment of the global ethylene market in 2013, owing to the growth of packaging, automotive and construction industries in Asian countries. In terms of volume, Asia Pacific accounted for more than 30% of the global ethylene market in 2013.
Asia Pacific is projected to be the fastest growing market for ethylene during the forecast period. The demand for ethylene in Asia Pacific would be principally driven by rapid rise in the consumption of ethylene in China, India, Malaysia, Thailand and Vietnam. Multinational conglomerates in the plastics industry are gradually shifting their production base to developing Asian economies to take advantage of skilled and cheap labor and less stringent environmental regulations. This is expected to drive the demand for ethylene in the Asia Pacific region in the next few years. The ethylene market in RoW is also projected to expand significantly in the forecast period, while the ethylene market in North America and Europe is estimated to witness moderate growth due to slow yet steady recovery of these developed regions from the economic slowdown.
Browse the full Press Release of Ethylene Market: http://www.transparencymarketresearch.com/pressrelease/ethylene-market.htm
Key players operating in the ethylene market include Saudi Basic Industries Corporation (SABIC), The Dow Chemical Company, Exxon Mobil Corporation, Royal Dutch Shell plc, China Petroleum & Chemical Corporation (Sinopec Corporation), Chevron Phillips Chemical Company LLC, Total S.A., LyondellBasell Industries, National Petrochemical Company (NPC), and INEOS Group AG.
The report segments the global ethylene market as follows:
Ethylene Market: Application Analysis
- Ethylene oxide
- Ethylene benzene
- Ethylene dichloride
- Others (including vinyl acetate and alpha olefins)
Ethylene Market: End-user Analysis
- Others (including soaps & detergents)
Ethylene Market: Regional Analysis
- North America
- Asia Pacific
o Rest of Asia Pacific
- Latin America
- RoW (Middle East & Africa)
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