Global Ethylene Market Is Projected To Grow At A 6.6% Rate Through The Forecast Period
The Business Research Company's Ethylene Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, January 24, 2023 /EINPresswire.com/ -- The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s “Ethylene Global Market Report 2023” is a comprehensive source of information that covers every facet of the ethylene market. As per TBRC’s ethylene market forecast, the ethylene market size3 is predicted to reach a value of $283.02 Billion by 2027, rising at a significant annual growth rate of 6.4 percent through the forecast period.
The growth in the ethylene market is due to increased demand for polythene products. Asia-Pacific region is expected to hold the largest ethylene market share. Major players in the ethylene market include AkzoNobel, BASF SE, Borealis, Chevron Phillips Chemical Company LLC., China Petrochemical Corporation.
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Trending Ethylene Market Trend
Ethylene-producing companies are investing in ways to develop bio-based green polyethylene compounds. These plastics are easy to produce, consume less energy, and offer the same versatility as chemically synthesized plastic. Following the trend, Braskem, a Brazil-based biopolymer producer, partnered with LEGO Group, a Danish toy production company, to supply it with I’m greenT polyethylene. I’m greenT polyethylene is a plastic made from sugarcane that is 100% recyclable and contributes to the reduction of greenhouse gases.
Ethylene Market Segments2
• By Feedstock: Naphtha, Ethane, Propane, Butane, Other Feedstocks
• By Application: Polyethylene, Ethylene oxide, Ethylene benzene, Ethylene dichloride, Vinyl Acetate, Alpha Olefins
• By End User Industry: Packaging, Automotive, Construction, Agrochemical, Textile
• By Geography: The global ethylene market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read more on the global Ethylene market report at:
https://www.thebusinessresearchcompany.com/report/ethylene-global-market-report
Ethylene refers to an acyclic hydrocarbon which is a colorless, flammable gas with a faint sweet and musky odor when its pure. It is the simplest alkene widely used in industry and is also a plant hormone.
Ethylene Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Ethylene Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on ethylene global market size, drivers and trends, ethylene global market major players, competitors' revenues, market positioning, and ethylene global market growth across geographies. The ethylene global market outlook helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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