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Ethylene Market Market
The growing consumption of polyethylene in the production of a diverse range of plastic components is consequently resulting in significant rise in the demand for ethylene . As far as growth rate is concerned , ethylene oxide is expected to be the fastest growing application segment of the ethylene market in the forecast period . The prospective growth in ethylene oxide can be mainly attributed to the rising demand for ethylene oxide derivatives such as ethylene glycol to produce plastic items , mainly bottles .
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Packaging was the largest end-user segment of the ethylene market with more than 30 % share in 2013 and is expected to be the fastest growing segment of the ethylene market in the next few years . Several types of polyethylene such as PVC , low density polyethylene ( LDPE ), linear low density polyethylene ( LLDPE ), and high density polyethylene ( HDPE ) are comprehensively used for producing different packaging products such as films , containers , drums , and pipes . The rising demand for all such products in the packaging industry is expected to drive the demand for ethylene in the packaging end-user segment .
Key players operating in the ethylene market 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 ) and INEOS Group AG .
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