Latest News- Ethylene Market: Naphtha is expected to lead the Feedstock segment during 2025-2029

The Ethylene Market is being driven by Increasing demand for polyethylene products from various industries

The Ethylene Market is expected to grow at a CAGR of 6.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 63.3 billion. Ethylene is a fundamental organic commodity chemical, serving as a feedstock for various downstream chemical products and the largest bulk chemical (in terms of volume) for plastic production worldwide. However, the volatile prices of crude oil and dwindling fossil fuel resources necessitate the exploration of alternative feedstocks for ethylene production. Bio-ethanol, derived from renewable sources, is an emerging alternative. The US and Brazil, producing 87% of the global bio-ethanol from corn and sugarcane respectively, are key players in this sector. Additionally, lignocellulosic biomass from wood and straw can also be converted into bio-ethanol, offering a sustainable and potentially cost-effective solution for ethylene production. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Feedstock
  • Naphtha
  • Ethane
  • LPG
  • Others
• Application
  • LDPE
  • HDPE
  • Ethylene oxide
  • Vinyls
  • Others
• Geography
  • APAC
  • North America
  • Middle East and Africa
  • Europe
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for polyethylene products from various industries
• Growth in flexible packaging industry
• Increasing focus on recyclability

However, the market also witnesses some limitations, which are as follows:

• Volatility in raw material prices
• Decreasing use of plastics
• Stringent regulations on use of plastics in food packaging

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Market Scope in Ethylene Market Research Report

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Research Analysis Overview

The Ethylene market encompasses the production and application of this colorless, flammable organic compound, primarily used to produce various petrochemical derivatives such as Polyethylene (PE), including High-density PE (HDPE) and Low-density PE (LDPE). Ethylene is also the foundation for Ethyl oxide, Ethylene glycol, and Ethylene-based derivatives. These materials are essential in construction, flexible packaging, bio-based products, lightweight plastics, and various consumer goods. Ethylene derivatives like Bio-polyethylene are increasingly popular due to their lower carbon footprint and superior barrier qualities. Applications range from plastic bags and bottles to containers, films, and various consumer items including food, beverages, and medications.

Market Research Overview

The global commodity chemicals market encompasses businesses specializing in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-paints and pigments, explosives, and petrochemicals. Notably excluded are chemical companies producing diversified chemicals, fertilizers, agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio, market size is determined by the collective revenue generated by these manufacturers. Market expansion will be fueled by the escalating demand for plastic packaging. As the most widely utilized material in the packaging sector worldwide, plastic's popularity is driven by its lightweight and corrosion-resistant properties, leading to continuous innovation and the integration of chemicals in the production of advanced plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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