Dublin, May 09, 2024 (GLOBE NEWSWIRE) -- The "Ethylene - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Ethylene Market to Reach 406.5 Million Tonnes by 2030
The global market for Ethylene estimated at 316.8 Million Tonnes in the year 2023, is expected to reach 406.5 Million Tonnes by 2030, growing at a CAGR of 3.6% over the analysis period 2023-2030.
The current market scenario and outlook for ethylene depict a robust global market, with the US anticipated to dominate. Asia is also a significant player in the ethylene market. Bio-based ethylene is gaining traction, reflecting growing environmental concerns. Polyethylene stands out as the largest category within the ethylene market.
LDPE Application, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach 196.1 Million Tonnes by the end of the analysis period. Growth in the HDPE Application segment is estimated at 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at 85.7 Million Tonnes, While China is Forecast to Grow at 6.2% CAGR
Historical data shows the evolution of ethylene production in the US and globally. Forecasts indicate a substantial increase in global ethylene production capacity by 2030. Distribution demand across various products highlights the versatility of ethylene applications. Specific country data, such as South Korea's ethylene demand and UK's ethylene exports, provide insights into regional dynamics. Competitive dynamics in the ethylene market are expected to intensify, with key competitors vying for market share in 2024.
The Ethylene market in the U.S. is estimated at 85.7 Million Tonnes in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of 83 Million Tonnes by the year 2030 trailing a CAGR of 6.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 53.3 Million Tonnes by the year 2030.
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Ethylene: Current Market Scenario and Outlook
- Ethylene Market Drivers and Restraints
- Cost Analysis
- Global Ethylene Market Outlook
- US to Dominate the Ethylene Market
- Asia
- Bio-Based Ethylene Market Overview
- Polyethylene: The Largest Category of Ethylene Market
- US Ethylene Production in Million Metric Tons for the Period 1990-2018
- Global Ethylene Production Capacity in Million Metric Tons for the Period 2018 and 2030
- Global Ethylene Distribution Demand by Percentage Market Share by Product for the Period 2015
- South Korea Ethylene Demand in Million Metric Tons for the Period 2006-2018
- UK Ethylene Exports by Value in Thousand GBP for the Period 2010- 2019
- Ethylene - Global Key Competitors Percentage Market Share in 2024 (E)
- Global Polyethylene Percentage Market Share by Application for the Period 2016
- Global Ethylene Market by Percentage Share by End Use for the Period 2017
- Global Ethylene Market Share by Volume by End Use for the Period 2013 and 2020
- Global Economic Update
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
FOCUS ON SELECT PLAYERS (Total 44 Featured):
- China Petroleum & Chemical Corporation (SINOPEC)
- E. I. du Pont De Nemours and Company
- Exxon Mobil Corporation
- LyondellBasell Industries NV
- Royal Dutch Shell PLC
- SABIC (Saudi Basic Industries Corporation)
For more information about this report visit https://www.researchandmarkets.com/r/kp7b5p
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
