Ethylene Market Thriving Worldwide, Investigated in Latest Research

Ethylene is colorless flammable gases which usually have sweet and unpleasant taste and smell. They are usually derived from natural gas and petroleum and are widely used to heal aging and ripening process in plants. They are mainly used for polymerization, alkylation, oxidation, hydration, halogenation and hydrohalogenation and others. They are also used in the manufacturing of plastics, rubber of tires, footwear and others. Key players profiled in this report are: DuPont de Nemours, Inc., BASF SE, Exxon Mobil Corporation, Chevron Phillips Chemical Company, Formosa Plastics Corporation, U.S.A., INEOS, Sasol, Royal Dutch Shell, SABIC, LyondellBasell Industries Holdings B.V., Westlake Chemical Corporation, Braskem, Mitsubishi Chemical Corporation.

Global ethylene market is set to witness a substantial CAGR of 8.95% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017

Market Drivers:

• Rising demand for ethylene oxide for the manufacturing of plastics will drive market
• Increasing production of shale gas is increasing ethane production which is also acting as a driver for this market
• Low production cost of the gas will also drive the market growth
• Increasing demand of ethylene from various end- users is also driving the market

Market Restraints:

• Fluctuation in the price of raw material is restraining the market growth
• Strict government rules related to the use of ethylene will also hamper market

Top Manufacturers Covered in the Report:

Few of the major competitors currently working in the global ethylene market are DuPont de Nemours, Inc., BASF SE, Exxon Mobil Corporation, Chevron Phillips Chemical Company, Formosa Plastics Corporation, U.S.A., INEOS, Sasol, Royal Dutch Shell, SABIC, LyondellBasell Industries Holdings B.V., Westlake Chemical Corporation, Braskem, Mitsubishi Chemical Corporation, Huntsman International LLC, Uz-Kor Gas Chemical, Praxair Technology, Inc., The Linde Group, NOVA Chemicals Corporation, Dycon Chemicals., Welcome to Süd-Chemie India Pvt Ltd, NIPPON SHOKUBAI CO., LTD.and others.

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Key Developments in the Market:

• In March 2019, Catalytic Generators announced the launch of their Easy-Ripe XT which will be used create ethylene on the room exteriors and can create ethylene output into the room by using flue system. It has the ability to control and monitor the ethylene level in srorage, ripening and degreening room. It also has ethylene sensing system which will help to improve the sensibility and accuracy of the sensor.
• In September 2015, Indorama Ventures Public Company Limited announced that they have acquired ethylene cracker located in Lake Charles, which has the ability to produce 30,000 tonnes of propylene and 370,000 tonnes of ethylene per year. This acquisition will help the IVL to get cost-efficient propane and ethane feedstock.

Key Questions Answered in DBMR’s Market Report

• Which regions will continue to remain the most profitable markets for market players?
• Which factors will induce a change in the demand for market during the assessment period?
• How will changing trends impact the market?
• How can market players capture the low-hanging opportunities in the market in developed regions?
• Which companies are leading the market?
• What are the winning strategies of stakeholders in the market to upscale their position in this landscape?

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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