DUBLIN, July 13, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/vgwm56/ethylene_market) has announced the addition of the "Ethylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" report to their offering.
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.
The global ethylene market has been segmented based on regions into North America, Europe, Asia Pacific, Latin America and Rest of the World (Middle East & Africa). Asia Pacific was the largest regional market for ethylene, constituting over 30% share in 2013. Increasing demand for ethylene in packaging, automotive, and construction industries is projected to drive the ethylene market in Asia Pacific in the next few years. Moreover, Asia Pacific is projected to be the fastest growing regional market in the global ethylene market during the forecast period. Rising demand for ethylene in emerging economies such as China, India, Malaysia, Thailand and Vietnam, is likely to drive the ethylene market in Asia Pacific in the next few years.
The ethylene market in North America and Europe is anticipated to grow at a moderate rate over the next six years, due to the slow but steady recovery of the economy in the U.S. and developed countries across Europe. The ethylene market in RoW is projected to expand considerably in the next few years, owing to rising demand for ethylene in the Middle East while the Latin American ethylene market is projected to record average growth during the forecast period.
Growing demand for ethylene in the rapidly expanding packaging, construction and automotive end-user segments is anticipated to drive the global ethylene market in the next few years. The mass production of ethylene through the process of catalytic oxydehydrogenation is projected to act as an opportunity for the ethylene market in the next six years. However, volatility in crude oil prices and regulatory issues associated with ethylene are estimated to hinder the market growth of ethylene during the forecast period.
Major manufacturers of ethylene 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.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Ethylene Market - Industry Analysis
Chapter 4 Raw Material and Price Trend Analysis
Chapter 5 Ethylene Market - Application Analysis
Chapter 6 Ethylene Market - End-user Analysis
Chapter 7 Ethylene Market - Regional Analysis
Chapter 8 Company Profiles
Chapter 9 Primary Research - Key Findings
- E. I. du Pont de Nemours and Company (DuPont)
- China National Petroleum Corporation (CNPC)
- Royal Dutch Shell plc
- Exxon Mobil Corporation (ExxonMobil)
- Chevron Phillips Chemical Company LLC
- LyondellBasell Industries
- INEOS Group AG
- Saudi Basic Industries Corporation (SABIC)
- BASF SE
- The Dow Chemical Company
- British Petroleum plc (BP)
- Lonza Group Ltd.
- Borealis AG
- Formosa Plastics Corporation, U.S.A. (Formosa Plastics)
- China Petroleum & Chemical Corporation (Sinopec Corporation)
- Total S.A.
- National Petrochemical Company (NPC)
For more information visit http://www.researchandmarkets.com/research/vgwm56/ethylene_market
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets