Product Code: PM1516
The global ethylene market size is expected to reach USD 238.39 billion by 2032, according to a new study by Polaris market research. The report "Ethylene Market Share, Size, Trends, Industry Analysis Report, By Feedstock (Naphtha, Ethane, Propane, Butane, Other Feedstock); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The ethylene market is anticipated to experience significant growth in the forecast period, driven by the growing utilization of ethylene in the production of polyethylene (PE), a key material in the packaging industry. However, the development of the ethylene industry may be influenced by the increasing consumer preference for bio-based products.
Additionally, the surge in investments in construction and infrastructure development and a rising global working population have resulted in a higher demand for processed food and beverages. This factor is a crucial driver for market expansion in the predicted period. However, the growth of the ethylene market may be restrained by fluctuating ethylene prices.
The global increase in the working population has generated a demand for convenient packaged meals and beverages, which is anticipated to drive the growth of the polyethylene (PE) market. Additionally, the expanding automotive industry is another factor contributing to the development of the PE market, as PE is widely utilized in manufacturing various automotive components such as vehicle exteriors, electrical insulation, fuel tanks, and wiring. Furthermore, the rising investments in the construction and infrastructure sectors have led to an increased demand for PE and related materials in construction activities, thereby stimulating the growth of the ethylene market in the forecast period.
Ethylene Market Report Highlights
Polyethylene segment dominated the market holding significant revenue shares of the market. Due to increasing HDPE demand in packaging and transportation applications drives market growth.
Packaging segment held the highest market revenue shares in 2022, due to HDPE's lightweight and strong compression capabilities drive its demand in packaging for protection against damage.
Asia Pacific is anticipated to grow at highest CAGR during forecast period. Due to growing demand for polyethylene in the plastics industry, particularly in India, China, and Japan, is driven by rapid industrial progress and elevated consumer lifestyles.
The global key market players include: Mitsui Chemicals, INEOS, Mitsubishi Chemical, LyondellBasell Industries, Equistar Chemicals, Borealis, Chevron Phillips Chemical, ExxonMobil, Showa Denko, and Others.
Polaris market research has segmented the ethylene market report based on feedstock, application, end-use, and region:
Ethylene, Feedstock Outlook (Revenue - USD Billion, 2019 - 2032)
- Naphtha
- Ethane
- Propane
- Butane
- Other Feedstock
Ethylene, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Polyethylene
- HDPE
- LDPE
- Ethylene Oxide
- Ethyl Benzene
- Ethylene Dichloride
- Others
Ethylene, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Building & Construction
- Automotive
- Packaging
- Textiles
- Agrochemicals & Agriculture
- Others
Ethylene, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Ethylene Market Insights
- 4.1. Ethylene Market - End-Use Snapshot
- 4.2. Ethylene Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growth in the hospitality construction
- 4.2.1.2. Rapid growth in urbanization across the globe
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Threat of substitutes
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Ethylene Market End-Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Ethylene Market, by Feedstock
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 5.3. Naphtha
- 5.3.1. Global Ethylene Market, by Naphtha, by Region, 2019-2032 (USD Billion)
- 5.4. Ethane
- 5.4.1. Global Ethylene Market, by Ethane, by Region, 2019-2032 (USD Billion)
- 5.5. Propane
- 5.5.1. Global Ethylene Market, by Propane, by Region, 2019-2032 (USD Billion)
- 5.6. Butane
- 5.6.1. Global Ethylene Market, by Butane, by Region, 2019-2032 (USD Billion)
- 5.7. Other Feedstock
- 5.7.1. Global Ethylene Market, by Other Feedstock, by Region, 2019-2032 (USD Billion)
6. Global Ethylene Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Ethylene Market, by Application, 2019-2032 (USD Billion)
- 6.3. Polyethylene
- 6.3.1. Global Ethylene Market, by Polyethylene, by Region, 2019-2032 (USD Billion)
- 6.3.2. HDPE
- 6.3.2.1. Global Ethylene Market, by HDPE, by Region, 2019-2032 (USD Billion)
- 6.3.3. LDPE
- 6.3.3.1. Global Ethylene Market, by LDPE, by Region, 2019-2032 (USD Billion)
- 6.4. Ethylene Oxide
- 6.4.1. Global Ethylene Market, by Ethylene Oxide, by Region, 2019-2032 (USD Billion)
- 6.5. Ethyl Benzene
- 6.5.1. Global Ethylene Market, by Ethyl Benzene, by Region, 2019-2032 (USD Billion)
- 6.6. Ethylene Dichloride
- 6.6.1. Global Ethylene Market, by Ethylene Dichloride, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Ethylene Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Ethylene Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 7.3. Building & Construction
- 7.3.1. Global Ethylene Market, by Building & Construction, By Region, 2019-2032 (USD Billion)
- 7.4. Automotive
- 7.4.1. Global Ethylene Market, by Automotive, By Region, 2019-2032 (USD Billion)
- 7.5. Packaging
- 7.5.1. Global Ethylene Market, by Packaging, By Region, 2019-2032 (USD Billion)
- 7.6. Textiles
- 7.6.1. Global Ethylene Market, by Textiles, By Region, 2019-2032 (USD Billion)
- 7.7. Agrochemicals & Agriculture
- 7.7.1. Global Ethylene Market, by Agrochemicals & Agriculture, By Region, 2019-2032 (USD Billion)
- 7.8. Others
- 7.8.1. Global Ethylene Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Ethylene Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Ethylene Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Ethylene Market - North America
- 8.3.1. North America: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.3.2. North America: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.3. North America: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Ethylene Market - U.S.
- 8.3.4.1. U.S.: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Ethylene Market - Canada
- 8.3.5.1. Canada: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.4. Ethylene Market - Europe
- 8.4.1. Europe: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.3. Europe: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Ethylene Market - UK
- 8.4.4.1. UK: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Ethylene Market - France
- 8.4.5.1. France: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.5.3. France: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Ethylene Market - Germany
- 8.4.6.1. Germany: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Ethylene Market - Italy
- 8.4.7.1. Italy: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Ethylene Market - Spain
- 8.4.8.1. Spain: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Ethylene Market - Netherlands
- 8.4.9.1. Netherlands: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Ethylene Market - Russia
- 8.4.10.1. Russia: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.5. Ethylene Market - Asia Pacific
- 8.5.1. Asia Pacific: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Ethylene Market - China
- 8.5.4.1. China: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.4.3. China: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Ethylene Market - India
- 8.5.5.1. India: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.5.3. India: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Ethylene Market - Malaysia
- 8.5.6.1. Malaysia: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Ethylene Market - Japan
- 8.5.7.1. Japan: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Ethylene Market - Indonesia
- 8.5.8.1. Indonesia: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Ethylene Market - South Korea
- 8.5.9.1. South Korea: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.6. Ethylene Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Ethylene Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Ethylene Market - UAE
- 8.6.5.1. UAE: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Ethylene Market - Israel
- 8.6.6.1. Israel: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Ethylene Market - South Africa
- 8.6.7.1. South Africa: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.7. Ethylene Market - Latin America
- 8.7.1. Latin America: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Ethylene Market - Mexico
- 8.7.4.1. Mexico: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Ethylene Market - Brazil
- 8.7.5.1. Brazil: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Ethylene Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Ethylene Market - Argentina
- 8.7.6.1. Argentina: Ethylene Market, by Feedstock, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Ethylene Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Ethylene Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Borealis
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Chevron Phillips Chemical
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Dow Chemical
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Equistar Chemicals
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. ExxonMobil
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Huntsman
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. INEOS
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. LyondellBasell Industries
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Mitsubishi Chemical
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Mitsui Chemicals
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. National Iranian Petrochemical
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Nova Chemicals
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Royal Dutch Shell
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. SABIC
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Sasol
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Showa Denko
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Sinopec Shanghai Petrochemical
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development
- 10.18. Total
- 10.18.1. Company Overview
- 10.18.2. Financial Performance
- 10.18.3. Product Benchmarking
- 10.18.4. Recent Development
- 10.19. Tosoh
- 10.19.1. Company Overview
- 10.19.2. Financial Performance
- 10.19.3. Product Benchmarking
- 10.19.4. Recent Development
- 10.20. LG Chem
- 10.20.1. Company Overview
- 10.20.2. Financial Performance
- 10.20.3. Product Benchmarking
- 10.20.4. Recent Development