Ethylene is a hydrocarbon which is widely used in the chemical industry and as a natural plant hormone. It is used in many industrial reactions such as in polymerization, halogenations and hydrogenation, alkylation, hydration, oligomerization, and hydroformylation. A large amount of ethylene which is produced goes into the manufacturing of ethylene oxide, ethylbenzene, ethylene dichloride, and polyethylene. The applications of ethylene include those in packaging, trash liners, carrier bags, surfactants, detergents, automotive antifreeze, rubber, anesthetic agent, fruit ripening, and plastics.
Propylene is an organic compound primarily used in the manufacturing of polypropylene, acrylonitrile, propylene oxide, Oxo-alcohols, cumene, and isopropyl alcohol. The applications of propylene include those in acrylic fibers and coatings, polyurethane resins and in other chemicals, PVC plasticizers and coatings, epoxy resins and polycarbonate, and in solvents. The global demand for propylene is showing dynamic development. In 2011 the global market for propylene was more than USD 90 billion and it is expected to grow at a considerable rate. The global ethylene market has started growing positively since 2010 and in 2011 the market has shown tremendous growth.
The most important application of propylene is in polypropylene followed by acrylonitrile, and propylene oxide. The largest end-user of polypropylene is the automobile industry. High density polyethylene (HDPE) is the largest application of ethylene followed by linear low-density polyethylene (LLDPE).The other major application areas of ethylene include low-density polyethylene (LDPE), ethylbenzene, and ethylene dichloride. The massive ethylene and propylene capacity expansion coupled with the growing domestic demand for downstream products in China, India, and the Middle East are expected to drive the demand for ethylene and propylene over the next five years. Stringent environmental regulations, raw material price volatility, and political uncertainty in the regions which contain crude oil are some of the restraints impacting the ethylene and propylene market.
Some of the major participants of the ethylene and propylene industry are BASF, Dow Chemical, ExxonMobil Chemical, LyondellBasell Industries, INEOS, Saudi Basic Industries Corporation, Formosa Plastics Corporation, Sumitomo Chemical, DuPont, and Chevron Phillips.
This research report analyzes this market depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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