Ethylene Global Market Report 2020
March 2020
200
About the Report
About the Report
The ethylene market consists of sales of ethylene and its related services. Ethylene is an acyclic hydrocarbon, used in the manufacture of polymers such as polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC) and polystyrene (PS) as well as fibres and other organic chemicals.
The global ethylene market reached a value of nearly USD 222.1 billion in 2019, having grown at a compound annual growth rate (CAGR) of 5.25% since 2015, and is expected to grow at a CAGR of 4.77% to nearly USD 267.6 billion by 2023.
The ethylene market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific was the largest region in the ethylene market in 2019.
The ethylene market covered in this report is segmented by feedstock into naphtha, ethane, propane, butane, others. It is also segmented by end-use industry into packaging, automotive, construction, agrochemical, and textile and by application into polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, vinyl acetate, alpha olefins.
During the historic period, increased demand for polythene products contributed to the ethylene market's growth. Ethylene is mainly used in polyethylene products such as low density polyethylene (LDPE), high density polyethylene (HDPE) and linear low density polyethylene (LLDPE). The polyethylene market has grown substantially due to the increased demand for plastic across the globe. The high penetration of plastics in electronic products and lightweight products in vehicles has increased the consumption of plastics. According to National Geographic, 40% of the plastic produced every year is single-use plastics. Production of plastic increased exponentially to 448 million tons by 2015 from 2.3 million tons in 1950 and this number is being expected to double by 2050. These factors that has driven the adoption of polyethylene, impacted the growth of the ethylene market.
Stringent government regulations related to the production and use of ethylene restrains the growth of ethylene market. Ethylene is combustible and carcinogenic nature making it dangerous to its environment. It is highly explosive and can cause light-headedness, dizziness, and unconsciousness when exposed. Several countries are implementing legislations for environment protection, which will put pressure on the companies involved in the production of ethylene. For instance, in January 2020, a group of 364 environmental and other non-governmental organizations have filed a petition with the U.S. Environmental Protection Agency (EPA) to revise standards applicable to petro-plastics production facilities. The petition requests EPA to impose unprecedented controls on such facilities. Moreover, globally, governments are banning single-use plastics to curb the plastic waste. For instance, in January 2020, China, announced its plans to ban single-use plastics and promote recycling and green packaging. The restrictions laid on production would hamper the growth of the market.
The ethylene producing companies are investing in ways to develop bio-based green polyethylene compound. These plastics are easy to produce, consumes less energy and offers the same versatility of chemically synthesized plastic. Following the trend, Braskem, a Brazil based bio polymer producer, in 2018 partnership with LEGO Group, a Danish toy production company, to supply its I'm greenT polyethylene. I'm greenT polyethylene is a plastic made from sugarcane which is 100% recyclable and contributes to the reduction of greenhouse gases.
In August 2019, Huntsman Corporation agreed to sell its ethylene business to Indorama Ventures for USD 2 billion. This acquisition will add products such as ethylene, ethylene oxide and monoethylene glycol, extending the product profile of Indorama Ventures and will strengthen the PET feedstock supply chain and improve its position as PET manufacturer. The deal gives Indorama Ventures access to a number of new derivative products, including propylene/PO derivatives, surfactants, ethanolamines, glycol ethers and MTBE. Indorama Ventures is an intermediate petrochemicals industry.
Major players in the market are AkzoNobel, BASF SE, Borealis, Chevron Phillips Chemical Company LLC, China Petrochemical Corporation, China Petroleum & Chemical Corporation, Clariant, Dow Chemical, Equistar Chemicals and Exxon Mobil Corporation.
Products
Products
1) By Feedstock: Naphtha; Ethane; Propane; Butane; Others; 2) By End-Use Industry: Packaging; Automotive; Construction; Agrochemical; Textile; 3) By Application: Polyethylene; Ethylene oxide; Ethylene benzene; Ethylene dichloride; Vinyl Acetate; Alpha Olefins
Companies
AkzoNobel
BASF SE
Borealis
Chevron Phillips Chemical Company LLC
China Petrochemical Corporation
China Petroleum & Chemical Corporation
Clariant
Dow Chemical
Equistar Chemicals
Exxon Mobil Corporation
Huntsman Corporation
INEOS
LG Chem
Lonza Group
LyondellBasell Industries N.V.
Mitsubishi Chemical
Mitsui Chemicals
National Iranian Petrochemical
Nova Chemicals
Royal Dutch Shell Plc
Sasol
Saudi Basic Industries Corporation (SABIC)
Showa Denko
Sinopec Shanghai Petrochemical
The National Petrochemical Company
Tosoh
Total S.A.
Table of Contents
Table of Contents
1. Executive Summary
2. Ethylene Market Characteristics
3. Ethylene Market Size And Growth
3.1. Global Ethylene Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Ethylene Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Ethylene Market Segmentation
4.1. Global Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Naphtha
Ethane
Propane
Butane
Others
4.2. Global Ethylene Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Packaging
Automotive
Construction
Agrochemical
Textile
4.3. Global Ethylene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Polyethylene
Ethylene oxide
Ethylene benzene
Ethylene dichloride
Vinyl Acetate
Alpha Olefins
5. Ethylene Market Regional And Country Analysis
5.1. Global Ethylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Ethylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Ethylene Market
6.1. Asia-Pacific Ethylene Market Overview
6.2. Asia-Pacific Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Ethylene Market
7.1. China Ethylene Market Overview
7.2. China Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Ethylene Market
8.1. India Ethylene Market Overview
8.2. India Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Ethylene Market
9.1. Japan Ethylene Market Overview
9.2. Japan Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Ethylene Market
10.1. Australia Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Ethylene Market
11.1. Indonesia Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Ethylene Market
12.1. South Korea Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Ethylene Market
13.1. Western Europe Ethylene Market Overview
13.2. Western Europe Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Ethylene Market
14.1. UK Ethylene Market Overview
14.2. UK Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Ethylene Market
15.1. Germany Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Ethylene Market
16.3. France Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Ethylene Market
17.1. Eastern Europe Ethylene Market Overview
17.2. Eastern Europe Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Ethylene Market
18.1. Russia Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Ethylene Market
19.1. North America Ethylene Market Overview
19.2. North America Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Ethylene Market
20.1. USA Ethylene Market Overview
20.2. USA Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Ethylene Market
21.1. South America Ethylene Market Overview
21.2. South America Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Ethylene Market
22.1. Brazil Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Ethylene Market
23.1. Middle East Ethylene Market Overview
23.2. Middle East Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Ethylene Market
24.1. Africa Ethylene Market Overview
24.2. Africa Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Ethylene Market Competitive Landscape And Company Profiles
25.1. Ethylene Market Competitive Landscape
25.2. Ethylene Market Company Profiles
25.2.1. AkzoNobel
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. BASF SE
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Borealis
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Chevron Phillips Chemical Company LLC
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. China Petrochemical Corporation
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Ethylene Market
27. Ethylene Market Trends And Strategies
28. Ethylene Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Ethylene Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Ethylene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Ethylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Global Ethylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: Asia-Pacific, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: China, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: India, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Japan, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Australia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: Indonesia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: South Korea, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: Western Europe, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: UK, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: Germany, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: France, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Eastern Europe, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: Russia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: North America, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: USA, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: South America, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Brazil, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Middle East, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Africa, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 27: AkzoNobel Financial Performance
Figure 28: BASF SE Financial Performance
Figure 29: Borealis Financial Performance
Figure 30: Chevron Phillips Chemical Company LLC Financial Performance
Figure 31: China Petrochemical Corporation Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Ethylene Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Ethylene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Ethylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Global Ethylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: Asia-Pacific, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: China, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: India, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Japan, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Australia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: Indonesia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: South Korea, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: Western Europe, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: UK, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: Germany, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: France, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Eastern Europe, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: Russia, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: North America, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: USA, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: South America, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Brazil, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Middle East, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Africa, Ethylene Market, Segmentation By Feedstock, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 27: AkzoNobel Financial Performance
Table 28: BASF SE Financial Performance
Table 29: Borealis Financial Performance
Table 30: Chevron Phillips Chemical Company LLC Financial Performance
Table 31: China Petrochemical Corporation Financial Performance
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