Description
Scope of the report The report titled“ Global Ethylene Market- Trends and Opportunities( 2015-2019)” provides an insight into the production of ethylene and derivatives with focus on present market size and growth expected in the near future. The report assesses the Global Ethylene market over the years with detailed analysis. The research report also analyzes the regional markets of Asia-Pacific, Western Europe, Middle East and North America. The report also discusses key factors driving growth of the industry, major trends and challenges faced by manufacturers of petrochemicals in general and ethylene in specific. Further, major producers like Honeywell UOP, Sinopec Limited, Nova Chemicals, Shell Chemicals and Chevron Phillips Chemicals are also analyzed in the report.
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Regional Coverage Western Europe North America Asia Pacific Middle East
Company coverage Honeywell UOP Shell Chemicals Nova Chemicals Sinopec Limited Chevron Phillips Limited
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Executive Summary One of the most important raw materials in the petrochemical industry, the use of ethylene involves the production of polyethylene plastics like high density polyethylene( HDPE), linear low density polyethylene( LLDPE) and low density polyethylene( LDPE). There are three ways used for the production of ethylene. The first is by the steam cracking of naphtha, other by steam cracking of ethane and yet another by the catalytic cracking of gas oil. The production by ethane is common in North America whereas production by naphtha is common in Middle East regions.
The ethylene industry is growing exponentially because of various factors facilitating its growth. Ethylene is used for the manufacture of various plastics and polymers like PVC and polyethylene and their increasing demand is responsible for the increased demand of this petrochemical. These plastics are widely used in various day to day products used by humans. Moreover, the increasing per-capita income leading to increased disposable income is also one of the reasons for the increased demand for
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