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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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