Infinium Global Research Ethylene Market Global Industry Analysis, Trends, | Page 2

The report on Ethylene by Infinium Global Research analyses the Ethylene Market over the period of 2017 to 2023.
This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and
future trends in Global Ethylene Market. It will help a lot of decision makers to develop strategies and find new
opportunities in the Global Ethylene Market.
Ethylene is a colorless flammable hydrocarbon gas of the alkene series derived from natural gas and petroleum and
also occurring as natural plant hormone used as a source of many organic compounds, in welding and cutting metals,
ripening of fruits, and as an anesthetic. Ethylene is a gas with a slightly sweet smell that burns easily, used in
industry as well as a feedstock. Ethylene is mainly used as a feedstock in the manufacture of varied of chemical
compounds including ethylene benzene, ethylene oxide, polyethylene, vinyl acetate and alpha olefins. The derivatives
of these compounds are used industrial applications such as packaging, automotive, agrochemicals, detergents and
soaps and construction and textiles.
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Market Insights
The global ethylene market was sized over USD 170.5 billion in 2015. The global ethylene market is projected to
reach USD 253 billion by 2023, growing with a CAGR of 5.7% to 6.4% from 2017 to 2023. The increasing demand for
ethylene derivatives in packaging is the key factor driving the growth of global ethylene market over the forecast
period. Rising demand of ethylene derivatives from construction industry is another factor driving the growth of this
market, increasing usage of ethylene derivatives such as ethylene dichloride, polyethylene and ethyl benzene drive
this market in application segment. Moreover, demand from automotive applications is also anticipated to drive the
growth of global ethylene market over the forecast period. However, fluctuating prices of crude oil which is basically
needed for the production of ethylene and its derivates as well as the stringent government regulations regarding the
production of ethylene are the prime restraining factor of global ethylene market. Furthermore, using coal as the
feedstock to produce ethylene by many countries will bring more opportunities to this market. Growing consumption
and increasing plans of government to invest in infrastructure development will likely to bring more opportunities.
Segments Covered:
The report segments the global ethylene market by application, by end-user, and region. The application includes
polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride and others. On the basis of end-user, the market
has been segmented into packaging, automotive, construction, agrochemical, textile and others.
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