Ethylene market size to grow by 37.05 million tons from 2021 to 2026, Growth driven by increasing demand for polyethylene products from various industries - Technavio

NEW YORK, April 4, 2023 /PRNewswire/ -- The global ethylene market size is estimated to increase by 37.05 million tons from 2021 to 2026. The market's growth momentum will be progressing at a CAGR of 4.01% during the forecast period. The growth of the market is driven by the increasing demand for polyethylene products from various industries. The growing global demand for plastic has a direct impact on the growth of the ethylene market. China and India are the largest consumers of plastics. The growing production of electronic devices has increased the consumption of plastic in these countries. Besides, improving purchasing power, rising penetration of electronic products, and technological advances have further increased the demand for polyethylene products in across industries such as consumer electronics, construction, and automotive. All these factors are driving the growth of the global ethylene market. Discover some insights on market size before buying the full report - Request a sample report

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Global Ethylene Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on feedstock (naphtha, ethane, LPG, and others), application (LDPE, HDPE, ethylene oxide, vinyl, and others), and geography (APAC, North America, MEA, Europe, and South America).

• Based on the feedstock, the market growth will be significant in the naphtha segment during the forecast period. The growth of the segment is driven by the increased demand for naphtha to produce ethylene in regions such as Europe and APAC.

Geography Overview

The report provides actionable insights and estimates the contribution of all regions to the growth of the global ethylene market.

• APAC will account for 49% of the market growth during the forecast period. China, India, and Japan are identified as major markets for ethylene in APAC. The growth of the regional market is driven by the increasing use of plastic for packaging and construction in countries such as China, India, South Korea, Singapore, Malaysia, and Japan. The growth of the market in APAC will be faster than in other regions over the forecast period.
• In 2020, the regional market was affected by the spread of the COVID-19 pandemic. The imposition of temporary lockdowns negatively impacted the manufacturing of ethylene in the region. However, the regional market recovered gradually post-pandemic with increased funding by governments to support the growth of SMEs.

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Global Ethylene Market – Vendor Analysis

The global ethylene market is fragmented with the presence of several global as well as regional vendors. The vendors are adopting various organic and inorganic growth strategies to remain competitive in the market. Some of the key vendors covered in the report include:

• BASF SE - The company offers ethylene which is a colorless, flammable gas with a sweetish odor and is the most important basic chemical product.
• Dow Inc. - The company offers ethylene such as ELITE which has high versatility and high-performance attributes and is used in multiple types of flexible food and industrial packaging applications.
• Eastman Chemical Co. - The company offers Eastman liquid ethylene which is a highly flammable colorless, nontoxic gas with a characteristic sweet odor and taste.
• Exxon Mobil Corp. - The company offers ethylene such as ExxonMobil NTX, Exceed XP, EnBA copolymers, EVA copolymers, and many more.
• China National Petroleum Corp.
• Formosa Plastics Corp.
• LyondellBasell Industries NV
• Mitsubishi Chemical Holdings Corp.
• Royal Dutch Shell Plc
• Saudi Arabian Oil Co.

Global Ethylene Market – Market Dynamics

Key Trends –

The emergence of bio ethylene is identified as the key trend in the market. The demand for bioplastics is increasing across the globe. Many production plants are under construction along with expansion plans for the existing capacities for producing bioplastics. For instance, the production capacity for global bioplastics in 2018 was 2,204 thousand tons and is expected to grow at a CAGR of 4.1% during the forecast period. These factors are expected to have a positive impact on the growth of the market during the forecast period.

Major challenges – 

The volatility in raw material prices is identified as the major challenge in the market. The growing demand-supply imbalance and the volatile political situation in the Middle East have made crude oil prices highly volatile. Also, factors such as disturbances in production and changes in import and export prices directly affect the prices of raw materials used in the manufacture of ethylene. Such challenges are negatively affecting the growth of the market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this ethylene market report

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the ethylene market between 2022 and 2026
• Precise estimation of the size of the ethylene market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the ethylene market industry across APAC, North America, MEA, Europe, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of ethylene market vendors

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Table of contents:

1. Executive Summary 

1.1 Market Overview 

Exhibit 01: Key Finding 1

Exhibit 02: Key Finding 2

Exhibit 03: Key Finding 3

Exhibit 04: Key Finding 5

Exhibit 05: Key Finding 6

Exhibit 06: Key Finding 7

Exhibit 07: Key Finding 8

Exhibit 08: Key Finding 9

2. Market Landscape 

2.1 Market ecosystem 

Exhibit 09: Parent market

Exhibit 10: Market Characteristics

2.2 Value Chain Analysis 

Exhibit 11: Value chain analysis : Commodity Chemicals

2.2.1 Inputs

2.2.2 Inbound logistics

2.2.3 Operations

2.2.4 Outbound logistics

2.2.5 Marketing and sales

2.2.6 Support activities

2.2.7 Industry innovations

3. Market Sizing 

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis 

Exhibit 13 Market segments

3.3 Market size 2021 

3.4 Market outlook: Forecast for 2021 - 2026 

3.4.1Estimating growth rates for emerging and high-growth markets

3.4.2 Estimating growth rates for mature markets

Exhibit 14: Global- Market size and forecast 2021 - 2026 ($ million)

Exhibit 15: Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis 

4.1 Five Forces Summary 

Exhibit 16: Five forces analysis 2021 - 2026

4.2 Bargaining power of buyers 

Exhibit 17: Bargaining power of the buyer

4.3 Bargaining power of suppliers 

Exhibit 18: Bargaining power of the supplier

4.4 Threat of new entrants 

Exhibit 19: Threat of new entrants

4.5 Threat of substitutes 

Exhibit 20: Threat of substitutes

4.6 Threat of rivalry 

Exhibit 21: Threat of rivalry

4.7 Market condition 

Exhibit 22: Market condition - Five forces 2021

5. Market Segmentation by Application

5.1 Market segments

Exhibit 23 :Application - Market share 2020-2025 (%)

5.2 Comparison by Application 

Exhibit 24: Comparison by Application

5.3 LDPE - Market size and forecast 2021-2026 

Exhibit 25: LDPE - Market size and forecast 2021-2026 (million t)

Exhibit 26: LDPE - Year-over-year growth 2021-2026 (%)

5.4 HDPE - Market size and forecast 2021-2026 

Exhibit 27: HDPE - Market size and forecast 2021-2026 (million t)

Exhibit 28: HDPE - Year-over-year growth 2021-2026 (%)

5.5 Ethylene oxide - Market size and forecast 2021-2026 

Exhibit 29: Ethylene oxide - Market size and forecast 2021-2026 (million t)

Exhibit 30: Ethylene oxide - Year-over-year growth 2021-2026 (%)

5.6 Vinyl - Market size and forecast 2021-2026 

Exhibit 31: Vinyl - Market size and forecast 2021-2026 (million t)

Exhibit 32: Vinyl - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026 

Exhibit 33: Others - Market size and forecast 2021-2026 ($ million)

Exhibit 34: Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Application 

Exhibit 35: Market opportunity by Application

6. Market Segmentation by Feedstock

6.1 Market segments

Exhibit 36 : Feedstock- Market share 2020-2025 (%)

6.2 Comparison by Feedstock

Exhibit 37: Comparison by Feedstock

6.3 Naphtha - Market size and forecast 2021-2026 

Exhibit 38: Naphtha - Market size and forecast 2021-2026 (million t)

Exhibit 39: Naphtha - Year-over-year growth 2021-2026 (%)

6.4 Ethane - Market size and forecast 2021-2026 

Exhibit 40: Ethane - Market size and forecast 2021-2026 (million t)

Exhibit 41: Ethane - Year-over-year growth 2021-2026 (%)

6.5 LPG - Market size and forecast 2021-2026 

Exhibit 42: LPG - Market size and forecast 2021-2026 (million t)

Exhibit 43: LPG - Year-over-year growth 2021-2026 (%)

6.6 Ethane - Market size and forecast 2021-2026 

Exhibit 44: Others - Market size and forecast 2021-2026 (million t)

Exhibit 45: Others - Year-over-year growth 2021-2026 (%)

6.7 Market opportunity by Feedstock 

Exhibit 46: Market opportunity by Feedstock

7. Customer landscape 

Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

Exhibit 47: Customer landscape

8. Geographic Landscape 

8.1 Geographic segmentation

Exhibit 48: Market share by geography 2021-2026 (%)

8.2 Geographic comparison 

Exhibit 49: Geographic comparison

8.3 APAC - Market size and forecast 2021-2026 

Exhibit 50: APAC - Market size and forecast 2021-2026 ($ million)

Exhibit 51: APAC - Year-over-year growth 2021-2026 (%)

8.4 North America - Market size and forecast 2021-2026 

Exhibit 52: North America - Market size and forecast 2021-2026 (million t)

Exhibit 53: North America - Year-over-year growth 2021-2026 (%)

8.5 MEA - Market size and forecast 2021-2026 

Exhibit 54: MEA - Market size and forecast 2021-2026 ($ million)

Exhibit 55: MEA - Year-over-year growth 2021-2026 (%)

8.6 Europe - Market size and forecast 2021-2026 

Exhibit 56: Europe - Market size and forecast 2021-2026 (million t)

Exhibit 57: Europe - Year-over-year growth 2021-2026 (%)

8.7 South America - Market size and forecast 2021-2026 

Exhibit 58: South America - Market size and forecast 2021-2026 (million t)

Exhibit 59: South America - Year-over-year growth 2021-2026 (%)

8.8 Key leading countries 

Exhibit 60: Market opportunity by geography ($ million)

8.9 Market opportunity by geography

Exhibit 61: Market opportunity by geography ($ million)

9. Drivers, Challenges, and Trends 

9.1 Market drivers 

9.1.1 Increasing demand for polyethylene products from various industries

9.1.2 Growth in the flexible packaging industry

9.1.3 Increasing focus on recyclability

9.2 Market challenges 

9.2.1 Volatility in raw material prices

9.2.2 Decreasing use of plastics

9.2.3 Stringent regulations on the use of plastics used in food packaging

Exhibit 62: Impact of drivers and challenges

9.3 Market trends 

9.3.1 Emergence of bio-ethylene

9.3.2 Increasing innovation in the packaging sector

9.3.3 New ethylene projects in the US

10. Vendor Landscape 

10.1 Overview 

Exhibit 63: Vendor landscape

10.2 Landscape disruption 

Exhibit 64: Landscape disruption

Exhibit 65: Industry Risk

10.3 Competitive Scenario 

11. Vendor Analysis 

11.1 Vendors Covered 

Exhibit 66: Vendor Landscape

11.2 Market positioning of vendors 

Exhibit 67: Market positioning of vendors

11.3 BASF SE 

Exhibit 68: BASF SE - Overview

Exhibit 69: BASF SE - Business segments

Exhibit 70: BASF SE - Key offerings

Exhibit 71: BASF SE - Segment focus

11.4 China National Petroleum Corp. 

Exhibit 72: China National Petroleum Corp. - Overview

Exhibit 73: China National Petroleum Corp. - Business segments

Exhibit 74: China National Petroleum Corp. - Key offerings

Exhibit 75: China National Petroleum Corp. - Segment focus

11.5 Dow Inc.

Exhibit 76: Dow Inc. - Overview

Exhibit 77: Dow Inc. - Business segments

Exhibit 78: Dow Inc. - Key offerings

Exhibit 79: Dow Inc. - Segment focus

11.6 Eastman Chemical Co. 

Exhibit 80: Eastman Chemical Co. - Overview

Exhibit 81: Eastman Chemical Co. - Business segments

Exhibit 82: Eastman Chemical Co. - Key offerings

Exhibit 83: Eastman Chemical Co. - Segment focus

11.7 Exxon Mobil Corp. 

Exhibit 84: Exxon Mobil Corp. - Overview

Exhibit 85: Exxon Mobil Corp. - Business segments

Exhibit 86: Exxon Mobil Corp. - Key news

Exhibit 87: Exxon Mobil Corp. - Key offerings

Exhibit 88: Exxon Mobil Corp. - Segment focus

11.8 Formosa Plastics Corp. 

Exhibit 89: Formosa Plastics Corp. - Overview

Exhibit 90: Formosa Plastics Corp. - Product and service

Exhibit 91: Formosa Plastics Corp. - Key offerings

11.9 LyondellBasell Industries NV 

Exhibit 92: LyondellBasell Industries NV - Overview

Exhibit 93: LyondellBasell Industries NV - Business segments

Exhibit 94: LyondellBasell Industries NV - Key news

Exhibit 95: LyondellBasell Industries NV - Key offerings

Exhibit 96: LyondellBasell Industries NV - Segment focus

11.10 Mitsubishi Chemical Holdings Corp. 

Exhibit 97: Mitsubishi Chemical Holdings Corp. - Overview

Exhibit 98: Mitsubishi Chemical Holdings Corp. - Business segments

Exhibit 99: Mitsubishi Chemical Holdings Corp. - Key offerings

Exhibit 100: Mitsubishi Chemical Holdings Corp. - Segment focus

11.11 Royal Dutch Shell Plc 

Exhibit 101: Royal Dutch Shell Plc - Overview

Exhibit 102: Royal Dutch Shell Plc - Business segments

Exhibit 103: Royal Dutch Shell Plc - Key news

Exhibit 104: Royal Dutch Shell Plc - Key offerings

Exhibit 105: Royal Dutch Shell Plc - Segment focus

11.12 Saudi Arabian Oil Co. 

Exhibit 106: Saudi Arabian Oil Co. - Overview

Exhibit 107: Saudi Arabian Oil Co. - Product and service

Exhibit 108: Saudi Arabian Oil Co. - Key offerings

11. Appendix 

11.1 Scope of the report 

11.1.1 Market definition

11.1.2 Objectives

11.1.3 Notes and caveats

11.2 Currency conversion rates for US$ 

Exhibit 109: Currency conversion rates for US$

11.3 Research Methodology 

Exhibit 110: Research Methodology

Exhibit 111: Validation techniques employed for market sizing

Exhibit 112: Information sources

11.4 List of abbreviations 

Exhibit 113: List of abbreviations

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