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 prophesized to act as an opportunity for the ethylene market in the next few years.

As per expert analysts, the global ethylene market is projected to register revenue worth US$234.2 by 2020, which is a decent increase from the initial revenue worth US$156 bn that was achieved in 2013. This growth is expected to occur at a healthy CAGR of 6.05% during the forecast period from 2014 to 2020.

Packaging Emerges As a Winning Segment in the Global Ethylene Market

The global ethylene market is mainly segregated on the basis of few factors such as application, end user and region. Under applications, polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, vinyl acetate, and alpha olefins, are key segments present in the global ethylene market. Under end-users, packaging, automotive, construction, agrochemical, textile, and soaps & detergents, are chief segments comprising the market.

Under applications, polyethylene was used extensively in the production of plastic, and progressed at the topmost growth pace in the global ethylene market, by accounting for more than 50% of the total market share in 2013. However, ethylene oxide is expected to grow at a rampant speed in the applications category of the global ethylene market in the near future. The rapid growth in the ethylene oxide application segment can be mainly attributed to the increasing consumption of its derivative called ethylene glycol used for the production of plastics for making bottles.

In terms of end users, packaging emerged as a leading segment of the ethylene market by bagging a share of more than 30% in 2013. The extensive utilization of different forms of polyethylene such as PVC, low density polyethylene (LDPE), linear low density polyethylene (LLDPE), and high density polyethylene (HDPE) for the manufacturing of packaging application products is expected to drive the global ethylene market during the forecast period.

Increasing Demand for Ethylene in Several Industries Drives Market in Asia Pacific

Region-wise, the global ethylene market is mainly spread across North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In recent times, Asia Pacific held a leading position in terms of maximum market shares of over 30% share in 2013. And this growth is projected to continue even in the near future. However, an increasing demand for ethylene in the packaging, automotive, and construction industries is projected to drive the ethylene market in Asia Pacific during the next few years too. Moreover, Asia Pacific is projected to depict a rampant pace of development 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 contrast to Asia Pacific, 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 the Middle East and Africa too is projected to expand considerably in the next few years, owing to rising demand for ethylene for various industrial processes.

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., Lyondell Basell Industries, National Petrochemical Company (NPC), and INEOS Group AG., are key players operating in the global ethylene market.

This report analyzes and forecasts the market for ethylene at a global and regional level. The market has been forecast based on volume (Mn Tons) and revenue (US$ Bn) from 2014 to 2020. The study includes drivers and restraints of the global ethylene market. It also covers the impact of these drivers and restraints on demand for ethylene during the forecast period. The report also highlights the opportunities in the ethylene market globally and at the regional level. 
 
The report includes a detailed value chain analysis, which provides a comprehensive view of the global ethylene market. Porter’s Five Forces model for the ethylene market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate and general attractiveness.
 
The study provides a decisive view of the global ethylene market by segmenting it in terms of applications and end-users. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Rest of the World (Middle East & Africa). The report also covers demand for individual applications and end-user segments in all the regions.
 
The study includes profiles of major companies operating in the global ethylene market. Key players profiled in the report 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), INEOS Group AG and others. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies and recent developments.
The report provides the market size of ethylene for 2013 and forecast for the next six years. The global market size of ethylene is provided in terms of both volume as well as revenue. Market volume is defined in Mn Tons, while market revenue is in US$ Bn. Market numbers are estimated based on key application segments and end-user segments of ethylene. Market size and forecast for each major application and end-user is provided in terms of global and regional markets.
 
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
 
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, Onesource, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases and webcasts specific to companies operating in the market.
 
Primary research involves e-mail interactions, telephonic interviews and face-to-face interviews for each market, category, segment and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape and outlook, etc. These help validate and strengthen the secondary research findings. These also help develop the analysis team’s expertise and market understanding.
 
The report segments the global ethylene market as:
 
Ethylene Market: Application Analysis
  • Polyethylene
  • Ethylene oxide
  • Ethylene benzene
  • Ethylene dichloride
  • Others (including vinyl acetate and alpha olefins)
Ethylene Market: End-user Analysis
  • Packaging
  • Automotive
  • Construction
  • Agrochemical
  • Textile
  • Others (including soaps & detergents)
Ethylene Market: Regional Analysis
  • North America
  • Europe
  • Asia Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
  • RoW (Middle East & Africa)
.